Kucoin Price Update
At the time of this writing, Kucoin has a price of $1.487 USD, which puts it down by approximately 0.4% from yesterday. The down day for Kucoin yesterday was a reversal from the day before it, which puts its price at 24.36% above its 20 day moving average. Over the past two weeks, price has been in an up trend. Traders looking for a range to trade within may wish to note that the Bollinger bands (a price indicator based on recent momentum and volatility) for Kucoin imply the currency may oscillate between $0.847976 and $1.543424, based on how price has behaved in the two weeks prior. As we are closer to the top of that range, rangebound traders may wish to consider exploring shorting opportunities.
The currency’s market cap currently stands at $130 million US dollars.
Update on Transactions and Holders
Yesterday we did not see any 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 down by approximately 11. To provide context, we’d rank this token as 25 out of the 34 Ethereum tokens in our index based on percentage growth in engagement over the past 7 days.
How are the Strong Holders of Kucoin Faring?
In terms of wealth concentration, the richest 1,000 wallets own 99.99% of the coin’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?
Traders interested in following Kucoin has the biggest presence on Facebook, where it has NA users engaged.
Article by SixJupiter
