0x: What’s the Latest Regarding its Price?
At the time of this writing, 0x has a price of $0.3252 USD, which puts it up by approximately 4.43% from yesterday. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in an up trend, and is currently 16.1% above its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. 0x’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 $0.225403 and $0.334817. As we are closer to the top of that range, rangebound traders may wish to consider exploring selling opportunities.
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The currency’s market cap currently stands at $188 million US dollars.
Update on Transactions and Holders
1,147 transactions amongst holders of 0x occurred yesterday. As for the number of holders, yesterday saw the number of wallets holding 0x jump by 165. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has 0x ranked 2.5 out of the 35 Ethereum tokens we’re tracking.
Observing 0x’s Richest Wallets
Of the coin’s total money supply, the richest 1,0000 wallets currently own 89.41%. If we focus on exchanges, which may be an correlated with liquidity and greater confidence in the currency, the exchange wallets that are in the top 1,000 wallets own 5.02% of the currency’s total money supply. The week over week growth rate in the share of the total supply of the top 1,000 wallets has changed by -0.06%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 0.06%. The underlying smart contract itself for 0x owns 0.01% of the total money supply; over the past week, this amount has not changed.
Technical Development Status
In terms of how active the software development team working on 0x is, it may be worth observing that the last time any work pertaining to code was done on their GitHub code repository was on October 22, 2019, or approximately 1 days before. To understand how code development is progressing, we can observe growth rates over the past 30 days in the number of open issues and the number of watchers: open issuers have been growing at about 0.73 per day, while the number of followers watching 0x’s repositories is growing by 1.5.
The Latest on 0x and Social Media
In terms of social media presence, 0x saw its Twitter followers and Reddit subscribers go up by 51 and 3 over the past 24 hours. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. Here is the Twitter page for 0x.
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Article by SixJupiter