How Did Kucoin’s Price Fare Yesterday?
Kucoin’s current price, at the time of this writing, is $1.162 USD, down by approximately 1.78% from the day prior. This marked the the 2nd consecutive day Kucoin has been down; it is still in a downtrend, and is currently 24.91% 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 $1.176447 and $1.918553. Given its boundaries, rangebound traders may find it compelling to entertain buying, as we are nearer to the bottom of 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 $104 million.
Straight Off the Chain
Yesterday saw 29 transfers amongst holders of Kucoin. As for the number of holders, yesterday saw the number of wallets holding Kucoin increase by 7. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Kucoin ranked 20 out of the 31 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. Kucoin’s smart contract owns approximately 0% of its own total money supply. This amount hasn’t changed over the past week.
The Latest on Kucoin and Social Media
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. You can follow Kucoin on Twitter here.
Article by SixJupiter
