April 16, 2020: Huobi Token (HT): Up 3.23%

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How Did Huobi Token’s Price Fare Yesterday?

Huobi Token’s current price, at the time of this writing, is $3.767 USD, up by approximately 3.23% from the day prior. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in a unclear trend, and is currently 4.02% above its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. From another vantage point, note that price has gone up 3 of the past 5 days. Another data point we may find worthy of observation is that price for Huobi Token has increased 3 of the previous 5 days.

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 $3.363034 and $3.880066. Given its boundaries, rangebound traders may find it compelling to entertain shorting, as we are nearer to the top of the range.

As for Huobi Token’s market cap, it is currently at about $838M US dollars.

Daily Engagement Metrics Update

Over the past 24 hours, 243 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 jump by 12. In terms of recurring usage, we can note that 1,047 wallets have sent or received coins in the past month, while 86 have in the past day.

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 134.28% of the token’s total money supply. Ownership exceeding 100% is due to the fact that our supply metric is focused just on available supply, and some large owners of Huobi Token have ownership they cannot sell at this time — but may be able to in the future. Huobi Token’s smart contract owns approximately 0% of its own total money supply. This amount hasn’t changed over the past week.

Huobi Token’s Social Media Presence

Social media growth, in terms of Twitter followers, came in at up 91 over the past day for Huobi Token. 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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