April 27, 2020: Huobi Token (HT): Up 0.27%; 2nd Consecutive Up Day


Huobi Token Price Update

Huobi Token’s current price, at the time of this writing, is $4.048 USD, up by approximately 0.27% from the day prior. Huobi Token enters the day 5.46% above its 20 day moving average, and is experiencing its the 2nd straight day up. To help contextualize yesterday’s price move, we can observe that price has rallied 6 of the past 10 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 58.65% less than its 7 day average volume.

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 $3.580467 and $4.096133, 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.

As for Huobi Token’s market cap, it is currently at about $897M US dollars.

Update on Transactions and Holders

Yesterday saw 170 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 9. In terms of recurring usage, we can note that 980 wallets have sent or received coins in the past month, while 91 have in the past day.

Just How Rich are Huobi Token’s Richest Holders?

And in regards to wealth distribution, note that the top 1,000 Huobi Token wallets hold over 134.28% of the token’s total money supply. To further clarify, our supply metric focuses only on supply that is publicly available while many large holders may have tokens they are not able to sell yet — which is why this value can exceed 100%. Huobi Token’s smart contract owns approximately 0% of its own total money supply. This amount hasn’t changed over the past week.

The Latest on Huobi Token and Social Media

In the past day, Huobi Token’s Twitter followers went up by 103, respectively. Traders interested in following Huobi Token has the biggest presence on Twitter, where it has 153,357 users engaged. Here is the Twitter page for Huobi Token.

Article by SixJupiter

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