Huobi Token Price Update
Huobi Token’s current price, at the time of this writing, is $4.54 USD, up by approximately 7.15% from the day prior. This marked the the 2nd day in a row Huobi Token has been up; it is still in a downtrend, and is currently 2.45% below its 20 day moving average; staying above this level may be critical to sustain short-term momentum. Another data point we may find worthy of observation is that price for Huobi Token has increased 16 of the previous 30 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 61.69% greater than its 7 day average volume.
As for Huobi Token’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 $4.076777 and $5.230923. 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 Huobi Token, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $1,255 million.
Update on Transactions and Holders
495 transactions amongst holders of Huobi Token occurred yesterday. Regarding a tally of holders, Yesterday saw Huobi Token’s wallet count decline by 3. To understand loyalty or repeat usage amongst holders of Huobi Token, we can note that there were 210 wallets making a transaction yesterday, while 4,822 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.04.
Just How Rich are Huobi Token’s Richest Holders?
And in regards to wealth distribution, note that the top 1,000 Huobi Token wallets hold over 162.55% of the token’s total money supply. To further clarify, our supply metric focuses only on supply that is publicly available while many large holders may have tokens they are not able to sell yet — which is why this value can exceed 100%. As for the Huobi Token’s smart contract itself, that owns 0% of the total money supply, an amount unchanged from the week prior.
The Latest on Huobi Token and Social Media
Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. You can follow Huobi Token on Twitter here.
Article by SixJupiter
