April 19, 2020: Huobi Token (HT): Down 0.99%

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

Huobi Token is down by approximately 0.99% from the previous day, with its price currently hovering around $3.918 USD. The down day for Huobi Token yesterday was a reversal from the day before it, which puts its price at 5.07% above its 20 day moving average. Over the past two weeks, price has been in a unclear trend. To help contextualize yesterday’s price move, we can observe that price has rallied 5 of the past 10 days. Another data point we may find worthy of observation is that price for Huobi Token has increased 5 of the previous 10 days.

Traders looking for a range to trade within may wish to note that the Bollinger bands (a price indicator based on recent momentum and volatility) for Huobi Token imply the currency may oscillate between $3.490112 and $3.967588, based on how price has behaved in the two weeks prior. As we are closer to the top of that range, rangebound traders may wish to consider exploring shorting opportunities.

The currency’s market cap currently stands at $867 million US dollars.

Update on Transactions and Holders

Over the past 24 hours, 186 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 increase by 13. To further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at 0.07, with 72 wallets making a transfer this past day and 1,003 wallets having made a transfer in the past month.

How are the Strong Holders of Huobi Token Faring?

In terms of wealth concentration, the richest 1,000 wallets own 134.28% of the coin’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%. 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 69 over the past day for Huobi Token. Traders interested in following Huobi Token has the biggest presence on Twitter, where it has 152,812 users engaged. You can follow Huobi Token on Twitter here.

Article by SixJupiter

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