How Did Kucoin’s Price Fare Yesterday?
Kucoin is down by approximately 3.14% from the previous day, with its price currently hovering around $1.449 USD. This marked the the 9th straight day Kucoin has been down; it is still in a downtrend, and is currently 8.82% below 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 $1.377349 and $1.801151. As we are closer to the bottom of that range, rangebound traders may wish to consider exploring buying opportunities.
As for Kucoin’s market cap, it is currently at about $128M US dollars.
Update on Transactions and Holders
27 transactions amongst holders of Kucoin occurred yesterday. In terms of estimating the number of holders, over the past day the total number of wallets holding Kucoin has gone up by approximately 6. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Kucoin ranked 21 out of the 32 Ethereum tokens we’re 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.
What’s Going on Social Media?
In the past day, Kucoin’s Twitter followers and Reddit subscribers went up by 30 and 13, respectively. If you are interested in following Kucoin on social media, Twitter, where it has 338,112 following it, may be a good place to start. Use this link to follow Kucoin on Twitter.
Article by SixJupiter
