Huobi Token Price Update
At the time of this writing, Huobi Token has a price of $3.387 USD, which puts it down by approximately 0.27% from yesterday. The down day for Huobi Token yesterday was a reversal from the day before it, which puts its price at 5.15% above its 20 day moving average. Over the past two weeks, price has been in a unclear trend. Another data point we may find worthy of observation is that price for Huobi Token has increased 6 of the previous 10 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 11.04% 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 $3.013363 and $3.428737 based on its momentum and volatility over the past 14 days. As we are closer to the top of that range, rangebound traders may wish to consider exploring shorting opportunities.
As for Huobi Token’s market cap, it is currently at about $767M US dollars.
Update on Transactions and Holders
156 transactions amongst holders of Huobi Token occurred yesterday. Regarding a tally of holders, Yesterday saw Huobi Token’s wallet count increase by 13. To understand loyalty or repeat usage amongst holders of Huobi Token, we can note that there were 61 wallets making a transaction yesterday, while 1,800 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.03.
Observing Huobi Token’s Richest Wallets
As for wealth distribution, the richest 1,000 wallets currently own 133.55% of the 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. 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?
Social media growth, in terms of Twitter followers, came in at up 191 over the past day for Huobi Token. If you are interested in following Huobi Token on social media, Twitter, where it has 150,760 following it, may be a good place to start. Here is the Twitter page for Huobi Token.
Article by SixJupiter
