November 8, 2019: Kucoin (KCS): Down 3.24%; Price Crosses 20 Day Average; 6th Consecutive Down Day


How Did Kucoin’s Price Fare Yesterday?

Kucoin’s current price, at the time of this writing, is $1.284 USD, down by approximately 3.24% from the day prior. Kucoin is currently in a unclear , and it should be noted that this is now the the 6th day in a row that price has been down. Moreover, Kucoin is now 3.92% below its 20 day moving average. 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 $1.12068 and $1.55222. Given its boundaries, rangebound traders may find it compelling to entertain buying, as we are nearer to the bottom of the range.

As for Kucoin’s market cap, it is currently at about $116M US dollars.

Daily Engagement Metrics Update

Yesterday saw 22 transfers amongst holders of Kucoin. In terms of estimating the number of holders, over the past day the total number of wallets holding Kucoin has gone up by approximately 4. If we observe percentage growth in holders and transfers, we find that Kucoin ranks 26 out of the 36 Ethereum tokens we are tracking.

Just How Rich are Kucoin’s Richest Holders?

The top 1,000 Kucoin wallets hold over 97.45% of the token’s total money supply. As for the Kucoin’s smart contract itself, that owns 0.01% of the total money supply, an amount unchanged from the week prior.

What’s Going on Social Media?

In terms of social media presence, Kucoin saw its Reddit subscribers go up by 16 over the past 24 hours. 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

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