April 20, 2020: Huobi Token (HT): Down 0.16%; 2nd Straight Down Day

.

How Did Huobi Token’s Price Fare Yesterday?

At the time of this writing, Huobi Token has a price of $3.855 USD, which puts it down by approximately 0.16% from yesterday. Huobi Token is currently in a unclear , but it should be noted that this is now the the 2nd straight day that price has been down. Moreover, Huobi Token is now 2.71% above its 20 day moving average. From another vantage point, note that price has gone up 2 of the past 5 days. And in terms of volume, yesterday’s price move ocurred on volume that was 52.05% 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 $3.53589 and $3.97051 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.

The currency’s market cap currently stands at $855 million US dollars.

Daily Engagement Metrics Update

Yesterday saw 56 transfers amongst holders of Huobi Token. 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 10. 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 49 wallets making a transfer this past day and 985 wallets having made a transfer in the past month.

Observing Huobi Token’s Richest Wallets

In terms of wealth concentration, the richest 1,000 wallets own 134.28% of the coin’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. 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?

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

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!