How Did Kucoin’s Price Fare Yesterday?
Kucoin is down by approximately 3.54% from the previous day, with its price currently hovering around $1.553 USD. This marked the the 4th straight day Kucoin has been down; it is still in a unclear trend, and is currently 1.76% below 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 $1.387521 and $1.774079, based on how price has behaved in the two weeks prior. As we are closer to the bottom of that range, rangebound traders may wish to consider exploring buying opportunities.
The currency’s market cap currently stands at $142 million US dollars.
Straight Off the Chain
Yesterday saw 91 transfers 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 11. If we observe percentage growth in holders and transfers, we find that Kucoin ranks 14 out of the 33 Ethereum tokens we are tracking.
How are the Strong Holders of Kucoin Faring?
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.
The Latest on Kucoin and Social Media
In the past day, Kucoin’s Twitter followers and Reddit subscribers went up by 57 and 18, respectively. Traders interested in following Kucoin has the biggest presence on Twitter, where it has 338,212 users engaged. Here is the Twitter page for Kucoin.
Article by SixJupiter
