April 22, 2020: Huobi Token (HT): Up 1.84%

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How Did Huobi Token’s Price Fare Yesterday?

At the time of this writing, Huobi Token has a price of $3.762 USD, which puts it up by approximately 1.84% from yesterday. 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 0.41% below 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 6 of the past 14 days. Another data point we may find worthy of observation is that price for Huobi Token has increased 6 of the previous 14 days.

In terms of an expected trading range, the Bollinger bands on Huobi Token suggest price may bounce between $3.589677 and $3.965323 based on its momentum and volatility over the past 14 days. Price’s current proximity to the bottom of the range may make buying an attractive opportunity to traders interested in trading the range.

The currency’s market cap currently stands at $827 million US dollars.

Straight Off the Chain

140 transactions amongst holders of Huobi Token occurred yesterday. In terms of estimating the number of holders, over the past day the total number of wallets holding Huobi Token has gone down by approximately 12. To understand loyalty or repeat usage amongst holders of Huobi Token, we can note that there were 68 wallets making a transaction yesterday, while 982 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.07.

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. 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.

What’s Going on Social Media?

Traders interested in following Huobi Token has the biggest presence on Twitter, where it has 152,787 users engaged. You can follow Huobi Token on Twitter here.

Article by SixJupiter

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