Altcoins

Dragonchain Market Report: $DRGN Breathes Fire as Price Erupts

Brief:


Smoke and flames billow from Dragonchain as the price erupts upwards. $DRGN is up 23.95% in 24 hours, down -5.53% on the week and up 322.64% on the month on a last price of 0.00024657 BTC or about $2.83. The Dragonchain marketcap is $674,734,090 with a circulating supply of 238,421,940 $DRGN. $DRGN/BTC is trading between a 24hr high of 0.00025744 BTC ($2.93) and a 24hr low of 0.00020420 BTC ($2.32) on a 24hr KuCoin volume of 254 BTC. This trading volume is moderate. The weekly price trend is mixed.

Last price

0.00024657 $DRGN/BTC

$USD

last price $ 2.83
one week ago $ 2.97

Price change

Price change is the $DRGN percentage change within the period:

period change
day 23.95%
week -5.53%
month 322.64%

Volume

Volume

$DRGN 24 hour volume
BTC 254 BTC
all $DRGN currencies 480 BTC

The 24 hour volume for $DRGN/BTC on KuCoin is 254 BTC. This volume weight is moderate when compared with KuCoin daily trading levels for $DRGN over the last month.

The total 24 hour volume for all reporting $DRGN markets is 480 BTC.

Market Share

The KuCoin currency pair $DRGN/BTC is 52.92% of all $DRGN traded in twenty-four hours. KuCoin has a whopping 86% of the daily market when adding their three Dragonchain pairs of BTC, ETH and NEO. The closest competitor is EtherDelta with 5.07%. KuCoin has the dragon lair almost all to itself.

Remarks

Smoke and flames billow from Dragonchain as the price erupts upwards. Dragonchain is up 23.95% in 24 hours, down -5.53% on the week and up 322.64% on the month on a last price of 0.00024657 BTC or about $2.83. The Dragonchain marketcap is $674,734,090 with a circulating supply of 238,421,940 $DRGN. $DRGN/BTC is trading between a 24hr high of 0.00025744 BTC ($2.93) and a 24hr low of 0.00020420 BTC ($2.32) on a 24hr KuCoin volume of 254 BTC. In moderate volume trading the weekly trend is mixed.

The overall $DRGN market volume is low. Traders may encounter difficulty when low liquidity exists. On the positive side $DRGN is the top performing coin in the Top 50 of all cryptocurrencies today, posting the largest day to day increase of any top crypto.

All Time Chart
$DRGN data starts on Sunday, December 03 2017:

One Day Candles

Saturday January 27 2018 Bitcoin Background

Bitcoin is up 5.05% in price to $11,603.10.

Altcoins such as Dragonchain ($DRGN) may show a relationship with Bitcoin ($BTC) which changes with the alt, bitcoin and market conditions:

24 Hours of Bitcoin
24 Hours of #Bitcoin
5.05% price $11,603.10
vol $7,719,680,000
mktcap $195,280,173,000
16.83M #XBT 20:15 #FinTech
http://kittybitcoin.com/bitcoin/24_hours_of_bitcoin.php

XBTLivePriceTM

Yesterday

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Highlight Chart

Tap / click to enlarge:

Smoke and flames billow from Dragonchain as the price erupts upwards. Dragonchain is up 23.95% in 24 hours, down -5.53% on the week and up 322.64% on the month on a last price of 0.00024657 BTC or about $2.83.
Smoke and flames billow from Dragonchain as the price erupts upwards. Dragonchain is up 23.95% in 24 hours, down -5.53% on the week and up 322.64% on the month on a last price of 0.00024657 BTC or about $2.83.

Data sources

Main Data Source

KuCoin is the main data source for this report. The One Day Candles chart, highlight chart, and all digital asset numeric trading data not otherwise credited are from KuCoin.

Secondary

CoinMarketCap is the secondary data source for this report. The One Year Chart, cryptocurrency rank, token circulating supply, and daily market share are sourced from CoinMarketCap.com.

Tertiary

XBTLivePriceTM and 24 Hours of Bitcoin are data products from KittyBitcoin.com

Other sources are credited where used.

Market capitalization

Market capitalization is the total $US dollar value of the Dragonchain market calculated using the formula:

market cap = ( circulating supply x last price )
Market cap $ 674,734,090
Circulating supply 238,421,940
Last price $ 2.83

Daily High Low

daily high 0.00025744 BTC
daily low 0.00020420 BTC

Trend

The weekly trend is mixed. If it weren’t for the dynamic upwards movement today the weekly trend would certainly be a downtrend.

trend is MIXED

Trend is "mixed" when the week contains both green and red daily price candles, price movement up or down is significant, and there is no clear weekly price direction.

Resistance

Resistance is the highest price within the period:

period resistance
day 0.00025744 BTC
week 0.00025744 BTC

Support

Support is the lowest price within the period:

period support
day 0.00020420 BTC
week 0.00018880 BTC

Market sentiment

Market sentiment is neutral. Volume is moderate for $DRGN on KuCoin. Overall BTC volume is very low. Today’s increase was preceded by days of red candles and a mini downtrend.

sentiment neutral

Image courtesy Pixabay.com

Summary

Smoke and flames billow from Dragonchain as the price erupts upwards. $DRGN is up 23.95% in 24 hours, down -5.53% on the week and up 322.64% on the month on a last price of 0.00024657 BTC or about $2.83. The Dragonchain marketcap is $674,734,090 with a circulating supply of 238,421,940 $DRGN. $DRGN/BTC saw weekly resistance at 0.00025744 BTC ($2.93) and weekly support at 0.00018880 BTC ($2.15). Market sentiment is neutral. The weekly price trend is mixed in daily moderate volume trading.

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Analytic Strategy: Objective Analysis

Objective analysis begins free of subjectivity. Interpretation of technical analysis geometric patterns, for example perceived shapes on a trading chart, is inherently subjective. This report is free of technical subjectivity to the maximum extent reasonably possible.

Disclaimer

Past history is NOT an indicator of future results. Read the legal disclaimer:

http://kittybitcoin.com/docs/disclaimer.php

Printed

This report was printed on Saturday January 27 2018 20:09 hours UTC. Contact KittyBitcoin to request custom reports. Share your thoughts with @KittyBitcoin on Twitter.

Bitcoin & Ethereum

Thanks for reading! 🙂

Tags

Dragonchain, $DRGN, BTC, KuCoin, Market, Report, $DRGN/BTC, altcoins

@KittyBitcoin supplies mobile friendly blockchain intelligence on http://kittybitcoin.com. Their favorite color is pink and the bigger the wool ball the better.
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