April 30, 2020: Huobi Token (HT): Down 3.68%

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Huobi Token Price Update

At the time of this writing, Huobi Token has a price of $4.131 USD, which puts it down by approximately 3.68% from yesterday. The down day for Huobi Token yesterday was a reversal from the day before it, which puts its price at 6.29% above its 20 day moving average. Over the past two weeks, price has been in an up trend. Another data point we may find worthy of observation is that price for Huobi Token has increased 6 of the previous 10 days. And in terms of volume, yesterday’s price move ocurred on volume that was 31.51% 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 $3.56545 and $4.20745, based on how price has behaved in the two weeks prior. As we are closer to the top of that range, rangebound traders may wish to consider exploring selling opportunities.

As for Huobi Token’s market cap, it is currently at about $923M US dollars.

Straight Off the Chain

Yesterday saw 364 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 7. In terms of recurring usage, we can note that 1,001 wallets have sent or received coins in the past month, while 111 have in the past day.

How are the Strong Holders of Huobi Token Faring?

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. 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?

If you are interested in following Huobi Token on social media, Twitter, where it has 153,589 following it, may be a good place to start. Here is the Twitter page for Huobi Token.

Article by SixJupiter

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