November 8, 2019: Zilliqa (ZIL): Down 2.22%; Anomalies In Holders Added And Transfers Added

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Zilliqa: What’s the Latest Regarding its Price?

Zilliqa’s current price, at the time of this writing, is $0.006432 USD, down by approximately 2.22% from the day prior. The down day for Zilliqa yesterday was a reversal from the day before it, which puts its price at 12.91% above its 20 day moving average. Over the past two weeks, price has been in an up trend. Zilliqa’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 $0.004824 and $0.006569. As we are closer to the top of that range, rangebound traders may wish to consider exploring shorting opportunities.

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As for Zilliqa’s market cap, it is currently at about $57M US dollars.

Unusual Developments

Since yesterday, Zilliqa saw anomalous behavior in holders added and transfers added. It may be worth looking into the causes of this a bit more.

Update on Transactions and Holders

Yesterday saw 3,215 transfers amongst holders of Zilliqa. In terms of estimating the number of holders, over the past day the total number of wallets holding Zilliqa has gone up by approximately 3193. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Zilliqa ranked 36 out of the 36 Ethereum tokens we’re tracking.

How are the Strong Holders of Zilliqa Faring?

In terms of wealth concentration, the richest 1,000 wallets own 98.29% of the coin’s total money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 3.78% of the currency’s money supply. In terms of growth rates, the share of total supply of the richest 1,000 wallets has grown by 0.15% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.14%.

How Active are the Software Developers?

In terms of how active the software development team working on Zilliqa is, it may be worth observing that the last time any work pertaining to code was done on their GitHub code repository was on November 07, 2019, or approximately 1 days before. Over the past 30 days, we’ve seen open issues across Zilliqa’s GitHub repositories grow by 0.23 per day on average, while the number of watchers has grown by 1.57.

What’s Going on Social Media?

Traders interested in following Zilliqa has the biggest presence on Twitter, where it has 66,377 users engaged. You can follow Zilliqa on Twitter here.

Where to Buy

You can trade Zilliqa, listed under the symbol ZIL, through the following exchanges: Gate, Yobit, Binance, DDEX, Ethfinex.

Article by SixJupiter

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