April 24, 2020: Huobi Token (HT): Up 1.37%; 3rd Straight Up Day

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Huobi Token Price Update

Huobi Token is up by approximately 1.37% from the previous day, with its price currently hovering around $3.99 USD. This marked the the 3rd straight day Huobi Token has been up; it is still in an uptrend, and is currently 4.57% above its 20 day moving average; staying above this level may be critical to sustain short-term momentum. Another data point we may find worthy of observation is that price for Huobi Token has increased 8 of the previous 14 days. Another data point we may find worthy of observation is that price for Huobi Token has increased 8 of the previous 14 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 $3.599714 and $4.031786, based on how price has behaved in the two weeks prior. Price’s current proximity to the top of the range may make selling an attractive opportunity to traders interested in trading the range.

The currency’s market cap currently stands at $886 million US dollars.

Update on Transactions and Holders

Over the past 24 hours, 167 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 jump by 12. To understand loyalty or repeat usage amongst holders of Huobi Token, we can note that there were 91 wallets making a transaction yesterday, while 980 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.09.

How are the Strong Holders of Huobi Token Faring?

As for wealth distribution, the richest 1,000 wallets currently own 134.28% 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. 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?

In the past day, Huobi Token’s Twitter followers went up by 227, respectively. Traders interested in following Huobi Token has the biggest presence on Twitter, where it has 152,912 users engaged. Use this link to follow Huobi Token on Twitter.

Article by SixJupiter

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