April 17, 2020: Huobi Token (HT): Down 0.34%

.

Huobi Token Price Update

Huobi Token is down by approximately 0.34% from the previous day, with its price currently hovering around $3.83 USD. Yesterday’s down day is a reversal of the day before it; in terms of trend, though, note that the current price is now 4.82% above its 20 day moving average, and is currently in a unclear trend over the past 14 days. Another data point we may find worthy of observation is that price for Huobi Token has increased 5 of the previous 10 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 41.82% 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 $3.427848 and $3.879752. Given its boundaries, rangebound traders may find it compelling to entertain selling, as we are nearer to the top 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 $850 million.

Straight Off the Chain

Yesterday saw 197 transfers amongst holders of Huobi Token. Regarding a tally of holders, Yesterday saw Huobi Token’s wallet count drop by 3. To further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at 0.1, with 100 wallets making a transfer this past day and 1,037 wallets having made a transfer in the past month.

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 134.28% of the token’s total money supply. Incidentally, this value exceeds 100% because many owners are not yet able to sell (due to contractual provisions), and our supply metric only observes liquid supply. 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 100 over the past 24 hours. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. Use this link to follow Huobi Token on Twitter.

Article by SixJupiter

Stay up to date on crypto news!

Sign up for our newsletter for all the hottest crypto stories, ICO reviews, and insights from leading experts of the crypto world - four times a week.

You have been signed up!