Kucoin Price Update
At the time of this writing, Kucoin has a price of $1.557 USD, which puts it up by approximately 1.7% 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 3.52% above its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. Kucoin’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 $1.345063 and $1.663037. Given its boundaries, rangebound traders may find it compelling to entertain shorting, as we are nearer to the top of the range.
The currency’s market cap currently stands at $136 million US dollars.
Kucoin’s Surprises of the Day
Yesterday, the metrics holders added and transfers added saw a daily change well outside what is usually experienced. An exploration as to what caused this may be worthwhile.
Straight Off the Chain
Over the past 24 hours, 52 transfers have been added to the blockchain recording transactions amongst holders of Kucoin. As for the number of holders, yesterday saw the number of wallets holding Kucoin rise by 18. If we observe percentage growth in holders and transfers, we find that Kucoin ranks 27 out of the 32 Ethereum tokens we are tracking.
Observing Kucoin’s Richest Wallets
The top 1,000 Kucoin wallets hold over 99.99% of the token’s total money supply. As for the Kucoin’s smart contract itself, that owns 0% of the total money supply, an amount unchanged from the week prior.
What’s Going on Social Media?
Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 894 and 48 over the past day for Kucoin. If you are interested in following Kucoin on social media, Twitter, where it has 337,460 following it, may be a good place to start. You can follow Kucoin on Twitter here.
Article by SixJupiter
