ZRX Price Analysis Shows Altcoin Decreasing By 1.02%

The ZRX price analysis shows that 0x is decreasing to a new level at $0.1549 which marks a decrease of 1.02% since yesterday. The price movement was a reversal from the day before which means this is a drop by 1.93% from the 20-day moving average. Over the past two weeks, the ZRX price analysis showed an unclear trend so let’s find out more in the 0x price news below.

Another data that we have shows that the 0x price increased 6% from the previous 10 days and the change occurred once the volume was 79% less than its 7-day average volume. As for the 0x expected trading range, the Bollinger bands indicator shows a range based on the momentum and volatility over the past two weeks which is standing at $0.144 and $159. Given the boundaries, the traders could find it hard to entertain shorting as we are getting closer to the top of the range.

Over the past 24 hours, there were 517 transfers added to the blockchain recording transactions amongst the holders of the assets. the wallet count from yesterday increased by 92. In regards to the recurring usage, we can see that 9,178 wallets have sent or received coins over the past month while 339 only in the past day. 9,178 wallets have received or sent coins in the past month while 339 in the past day.

As for the wealth distribution, the top richest 1000 wallets own about 137% of the money supply and the value surpasses 100 percent because a lot of the owners are not yet able to sell because of the provisions, and the supply metric only observes liquid supply. Getting down to just exchanges, the top 1000 wallets of the exchanges control 7% of the money supply of the coin. In terms of growth rate, the share of the total supply from the richest 1000 wallets increased by -0.13% over the past week. For the exchange wallets in the top 1000 richest wallets, the share increased by 0.09 percent and the underlying smart contract for 0x owns 0.02% of the total money supply.

0x’s twitter followers and Reddit subscribers went up by 11 and 2 and the number is continuously growing. The coin is gaining more popularity these days.
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