Kucoin Price Update
At the time of this writing, Kucoin has a price of $1.725 USD, which puts it down by approximately 0.4% from yesterday. Kucoin is currently in an up, but it should be noted that this is now the the 3rd day in a row that price has been down. Moreover, Kucoin is now 11.65% above its 20 day moving average. 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 $1.344135 and $1.745865, based on how price has behaved in the two weeks prior. Price’s current proximity to the top of the range may make selling an attractive opportunity to traders interested in trading the range.
The market capitalization of Kucoin, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $153 million.
What Anamolies Occurred Since Yesterday?
The following metrics showed unusual change over the past 24 hours for Kucoin: holders added and transfers added. Further investigation may be warranted.
Update on Transactions and Holders
Yesterday saw 624 transfers amongst holders of Kucoin. As for the number of holders, yesterday saw the number of wallets holding Kucoin increase by 288. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Kucoin ranked 18 out of the 33 Ethereum tokens we’re tracking.
Just How Rich are Kucoin’s Richest Holders?
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% 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 129 and 37 over the past day for Kucoin. Traders interested in following Kucoin has the biggest presence on Twitter, where it has 338,194 users engaged. You can follow Kucoin on Twitter here.
Article by SixJupiter
