April 12, 2020: Huobi Token (HT): Up 0.57%; 2nd Straight Up Day

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How Did Huobi Token’s Price Fare Yesterday?

At the time of this writing, Huobi Token has a price of $3.728 USD, which puts it up by approximately 0.57% from yesterday. Huobi Token is currently in an up, and it should be noted that this is now the the 2nd straight day that price has been up. Moreover, Huobi Token is now 4.98% above its 20 day moving average. To help contextualize yesterday’s price move, we can observe that price has rallied 10 of the past 14 days. And in terms of volume, yesterday’s price move ocurred on volume that was 28.39% less than its 7 day average volume.

In terms of an expected trading range, the Bollinger bands on Huobi Token suggest price may bounce between $3.07792 and $4.02448 based on its momentum and volatility over the past 14 days. 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 $844M US dollars.

Daily Engagement Metrics Update

110 transactions amongst holders of Huobi Token occurred yesterday. In terms of estimating the number of holders, over the past day the total number of wallets holding Huobi Token has gone up by approximately 2. To further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at 0.05, with 64 wallets making a transfer this past day and 1,222 wallets having made a transfer in the past month.

Just How Rich are Huobi Token’s Richest Holders?

In terms of wealth concentration, the richest 1,000 wallets own 133.55% of the coin’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. Huobi Token’s smart contract owns approximately 0% of its own total money supply. This amount hasn’t changed over the past week.

The Latest on Huobi Token and Social Media

In terms of social media presence, Huobi Token saw its Twitter followers go up by 136 over the past 24 hours. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. Here is the Twitter page for Huobi Token.

Article by SixJupiter

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