Huobi Token: What’s the Latest Regarding its Price?
Huobi Token’s current price, at the time of this writing, is $4.049 USD, down by approximately 0.39% 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 5.36% above 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 3 of the past 5 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 70.12% 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 $3.574125 and $4.111775 based on its momentum and volatility over the past 14 days. Given its boundaries, rangebound traders may find it compelling to entertain selling, as we are nearer to the top of the range.
As for Huobi Token’s market cap, it is currently at about $896M US dollars.
Daily Engagement Metrics Update
177 transactions amongst holders of Huobi Token occurred yesterday. Regarding a tally of holders, Yesterday saw Huobi Token’s wallet count jump by 3. To further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at 0.08, with 76 wallets making a transfer this past day and 984 wallets having made a transfer in the past month.
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. 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. As for the Huobi Token’s smart contract itself, that owns 0% of the total money supply, an amount unchanged from the week prior.
The Latest on Huobi Token and Social Media
Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. Use this link to follow Huobi Token on Twitter.
Article by SixJupiter
