Kucoin Price Update
Kucoin’s current price, at the time of this writing, is $1.167 USD, up by approximately 1.92% from the day prior. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in a down trend, and is currently 13.43% below its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. Kucoin’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 $1.030135 and $1.665965. As we are closer to the bottom of that range, rangebound traders may wish to consider exploring buying opportunities.
The currency’s market cap currently stands at $96 million US dollars.
What Anamolies Occurred Since Yesterday?
Since yesterday, Kucoin saw anomalous behavior in holders added. It may be worth looking into the causes of this a bit more.
Straight Off the Chain
Yesterday saw 69 transfers amongst holders of Kucoin. As for the number of holders, yesterday saw the number of wallets holding Kucoin jump by 14. If we observe percentage growth in holders and transfers, we find that Kucoin ranks 25 out of the 35 Ethereum tokens we are tracking.
How are the Strong Holders of Kucoin Faring?
The top 1,000 Kucoin wallets hold over 99.99% of the token’s total money supply. Kucoin’s smart contract owns approximately 0.01% of its own total money supply. This amount hasn’t changed over the past week.
Kucoin’s Social Media Presence
Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 6 and 13 over the past day for Kucoin. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. You can follow Kucoin on Twitter here.
Article by SixJupiter
