Kucoin: What’s the Latest Regarding its Price?
At the time of this writing, Kucoin has a price of $1.785 USD, which puts it up by approximately 2.06% from yesterday. Kucoin enters the day 17.04% above its 20 day moving average, and is experiencing its the 3rd consecutive day up. 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 $1.288292 and $1.762008, 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 $154 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, 120 transfers have been added to the blockchain recording transactions 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 up by approximately 32. To provide context, we’d rank this token as 25 out of the 32 Ethereum tokens in our index based on percentage growth in engagement over the past 7 days.
How are the Strong Holders of Kucoin Faring?
Of the coin’s total money supply, the richest 1,0000 wallets currently own 99.99%. 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?
In the past day, Kucoin’s Twitter followers and Reddit subscribers went up by 605 and 30, respectively. If you are interested in following Kucoin on social media, Twitter, where it has 338,065 following it, may be a good place to start. Here is the Twitter page for Kucoin.
Article by SixJupiter
