May 8, 2020: Kyber Network (KNC): Up 1.81%

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Kyber Network Price Update

Kyber Network’s current price, at the time of this writing, is $0.6427 USD, up by approximately 1.81% from the day prior. Yesterday’s up day is a reversal of the day before it; in terms of trend, though, note that the current price is now 5.95% above its 20 day moving average, and is currently in a unclear trend over the past 14 days. Another data point we may find worthy of observation is that price for Kyber Network has increased 7 of the previous 14 days. Another data point we may find worthy of observation is that price for Kyber Network has increased 7 of the previous 14 days.

As for Kyber Network’s expected trading range — as forecasted by the Bollinger bands indicator, which determines a range based on momentum and volatility over the past two weeks — is between $0.532271 and $0.680979. Given its boundaries, rangebound traders may find it compelling to entertain shorting, as we are nearer to the top of the range.

As for Kyber Network’s market cap, it is currently at about $115M US dollars.

Update on Transactions and Holders

Yesterday saw 984 transfers amongst holders of Kyber Network. Regarding a tally of holders, Yesterday saw Kyber Network’s wallet count increase by 65. In terms of recurring usage, we can note that 8,244 wallets have sent or received coins in the past month, while 414 have in the past day.

Observing Kyber Network’s Richest Wallets

In terms of wealth concentration, the richest 1,000 wallets own 107.41% of the coin’s total money supply. This number is greater than 100% because many of the token holders are not able to sell them yet, and thus their numbers are not included in the supply yet, though they can be regarded as future sellers when they are able to sell. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 7.16% of the currency’s money supply. The week over week growth rate in the share of the total supply of the top 1,000 wallets has changed by -0.09%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by -0.41%.

Kyber Network’s Social Media Presence

Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 24 and 14 over the past day for Kyber Network. Traders interested in following Kyber Network has the biggest presence on Twitter, where it has 105,561 users engaged. Use this link to follow Kyber Network on Twitter.

Article by SixJupiter

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