Huobi Token Price Update
At the time of this writing, Huobi Token has a price of $4.113 USD, which puts it up by approximately 1.76% from yesterday. The up day for Huobi Token yesterday was a reversal from the day before it, which puts its price at 6.74% above its 20 day moving average. Over the past two weeks, price has been in an up trend. To help contextualize yesterday’s price move, we can observe that price has rallied 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 58.43% 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 $3.59777 and $4.10893. Given its boundaries, rangebound traders may find it compelling to entertain selling, as we are nearer to the top of the range.
The currency’s market cap currently stands at $909 million US dollars.
Straight Off the Chain
Over the past 24 hours, 205 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 further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at 0.07, with 68 wallets making a transfer this past day and 979 wallets having made a transfer in the past month.
Observing Huobi Token’s Richest Wallets
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.
What’s Going on Social Media?
Social media growth, in terms of Twitter followers, came in at up 232 over the past day for Huobi Token. 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
