How Did Pundi X’s Price Fare Yesterday?
Pundi X’s current price, at the time of this writing, is $0.0003696 USD, up by approximately 1.9% from the day prior. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in a down trend, and is currently 11.67% below its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. Pundi X’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 $0.000343 and $0.000494. As we are closer to the bottom of that range, rangebound traders may wish to consider exploring buying opportunities.
The market capitalization of Pundi X, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $88 million.
Pundi X’s Surprises of the Day
Yesterday, the metrics transfers added saw a daily change well outside what is usually experienced. An exploration as to what caused this may be worthwhile.
Update on Transactions and Holders
Over the past 24 hours, 1,047 transfers have been added to the blockchain recording transactions amongst holders of Pundi X. Regarding a tally of holders, Yesterday saw Pundi X’s wallet count jump by 156. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Pundi X ranked 19 out of the 31 Ethereum tokens we’re tracking.
Observing Pundi X’s Richest Wallets
In terms of wealth concentration, the richest 1,000 wallets own 88.31% of the coin’s total money supply. 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 8.84% of the currency’s total money supply. Exchange ownership grew by 0.02% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.15% over that time period. Pundi X’s smart contract owns approximately 0.02% of its own total money supply. This amount hasn’t changed over the past week.
Technical Development Status
In terms of how active the software development team working on Pundi X is, it may be worth observing that the last time any work pertaining to code was done on their GitHub code repository was on August 16, 2019, or approximately 25 days before. Growth rates for open issues — a “”to-do list”” of sorts and watchers (“”subscribers”” following a code repository) for Pundi X were completely flat over the past 30 days; in other words, there has been no development work reported on GitHub over the past month.
Pundi X’s Social Media Presence
In the past day, Pundi X’s Twitter followers and Reddit subscribers went up by 10 and 3, respectively. Facebook appears to be the most popular place to follow the company, and thus may be worth monitoring.
Where to Buy
Article by SixJupiter