April 11, 2020: Huobi Token (HT): Up 0.38%

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Huobi Token: What’s the Latest Regarding its Price?

At the time of this writing, Huobi Token has a price of $3.659 USD, which puts it up by approximately 0.38% from yesterday. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in an up trend, and is currently 3.61% above its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. To help contextualize yesterday’s price move, we can observe that price has rallied 2 of the past 5 days. And in terms of volume, yesterday’s price move ocurred on volume that was 25.51% less 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 $2.971217 and $4.091583. Price’s current proximity to the top of the range may make shorting an attractive opportunity to traders interested in trading the range.

As for Huobi Token’s market cap, it is currently at about $828M US dollars.

Update on Transactions and Holders

Over the past 24 hours, 182 transfers have been added to the blockchain recording transactions amongst holders of Huobi Token. Regarding a tally of holders, Yesterday saw Huobi Token’s wallet count rise by 2. To understand loyalty or repeat usage amongst holders of Huobi Token, we can note that there were 73 wallets making a transaction yesterday, while 1,289 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.06.

How are the Strong Holders of Huobi Token Faring?

And in regards to wealth distribution, note that the top 1,000 Huobi Token wallets hold over 133.55% of the token’s total money supply. This number is greater than 100% because many of the token holders are not able to sell them yet, and thus their numbers are not included in the supply yet, though they can be regarded as future sellers when they are able to sell. The underlying smart contract itself for Huobi Token owns 0% of the total money supply; over the past week, this amount has not changed.

What’s Going on Social Media?

In terms of social media presence, Huobi Token saw its Twitter followers go up by 53 over the past 24 hours. Traders interested in following Huobi Token has the biggest presence on Twitter, where it has 151,769 users engaged. Use this link to follow Huobi Token on Twitter.

Article by SixJupiter

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