Huobi Token: What’s the Latest Regarding its Price?
Huobi Token’s current price, at the time of this writing, is $3.971 USD, up by approximately 0.18% from the day prior. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in an up trend, and is currently 3.74% 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 18 of the previous 30 days. And in terms of volume, yesterday’s price move ocurred on volume that was 75.66% less than its 7 day average volume.
As for Huobi Token’s expected trading range — as forecasted by the Bollinger bands indicator, which determines a range based on momentum and volatility over the past two weeks — is between $3.597509 and $4.058291. Given its boundaries, rangebound traders may find it compelling to entertain shorting, as we are nearer to the top of the range.
The currency’s market cap currently stands at $879 million US dollars.
Update on Transactions and Holders
Over the past 24 hours, 101 transfers have been added to the blockchain recording transactions 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 19. To further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at 0.06, with 59 wallets making a transfer this past day and 957 wallets having made a transfer in the past month.
Just How Rich are Huobi Token’s Richest Holders?
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. The underlying smart contract itself for Huobi Token owns 0% of the total money supply; over the past week, this amount has not changed.
The Latest on Huobi Token and Social Media
In terms of social media presence, Huobi Token saw its Twitter followers go up by 153 over the past 24 hours. 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
