September 13, 2019: Kucoin (KCS): Up 2.06%; Unusual Moves In Holders Added And Transfers Added

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Kucoin Price Update

Kucoin’s current price, at the time of this writing, is $1.725 USD, down by approximately 1.09% from the day prior. This marked the the 2nd day in a row Kucoin has been down; it is still in an uptrend, and is currently 12.22% above its 20 day moving average; staying above this level may be critical to sustain short-term momentum. 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 $1.316102 and $1.758098, based on how price has behaved in the two weeks prior. Given its boundaries, rangebound traders may find it compelling to entertain selling, as we are nearer to the top of the range.

As for Kucoin’s market cap, it is currently at about $153M US dollars.

Kucoin’s Surprises of the Day

Since yesterday, Kucoin saw anomalous behavior in holders added and transfers added. It may be worth looking into the causes of this a bit more.

Update on Transactions and Holders

Yesterday saw 306 transfers amongst holders of Kucoin. As for the number of holders, yesterday saw the number of wallets holding Kucoin jump by 49. If we observe percentage growth in holders and transfers, we find that Kucoin ranks 23 out of the 32 Ethereum tokens we are tracking.

Observing Kucoin’s Richest Wallets

In terms of wealth concentration, the richest 1,000 wallets own 99.99% of the coin’s total money supply. The underlying smart contract itself for Kucoin owns 0% of the total money supply; over the past week, this amount has not changed.

Kucoin’s Social Media Presence

Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. Use this link to follow Kucoin on Twitter.

Article by SixJupiter

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