October 23, 2019: Status Network Token (SNT): Down 0.98%; Surprising Moves In Holders Added


How Did Status Network Token’s Price Fare Yesterday?

Status Network Token is down by approximately 0.98% from the previous day, with its price currently hovering around $0.01207 USD. Status Network Token enters the day 4.32% below its 20 day moving average, and is experiencing its the 4th straight day down. Status Network Token’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 $0.012111 and $0.013118. Price’s current proximity to the bottom of the range may make buying an attractive opportunity to traders interested in trading the range.

The currency’s market cap currently stands at $42 million US dollars.

Status Network Token’s Surprises of the Day

Since yesterday, Status Network Token saw anomalous behavior in holders added. It may be worth looking into the causes of this a bit more.

Update on Transactions and Holders

Over the past 24 hours, 109 transfers have been added to the blockchain recording transactions amongst holders of Status Network Token. In terms of estimating the number of holders, over the past day the total number of wallets holding Status Network Token has gone up by approximately 30. If we observe percentage growth in holders and transfers, we find that Status Network Token ranks 25 out of the 35 Ethereum tokens we are tracking.

Observing Status Network Token’s Richest Wallets

Of the coin’s total money supply, the richest 1,0000 wallets currently own 96.16%. The percent of the currency that is owned by wallets that are both belonging to exchanges and in the top 1,000 richest wallets of the token comes out to 11.96% of the currency’s money supply. Exchange ownership grew by -0.07% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.01% over that time period.

Technical Development Status

In terms of how active the software development team working on Status Network Token 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. Over the past 30 days, we’ve seen open issues across Status Network Token’s GitHub repositories grow by 0.07 per day on average, while the number of watchers has grown by 0.1.

What’s Going on Social Media?

If you are interested in following Status Network Token on social media, Twitter, where it has 110,983 following it, may be a good place to start. Use this link to follow Status Network Token on Twitter.

Article by SixJupiter

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