Huobi Token: What’s the Latest Regarding its Price?
At the time of this writing, Huobi Token has a price of $3.726 USD, which puts it up by approximately 0.3% from yesterday. This marked the the 7th straight day Huobi Token has been up; it is still in an uptrend, and is currently 11.74% above its 20 day moving average; staying above this level may be critical to sustain short-term momentum. To help contextualize yesterday’s price move, we can observe that price has rallied 5 of the past 5 days. And in terms of volume, yesterday’s price move ocurred on volume that was 23.53% greater 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 $2.986952 and $3.682248. As we are closer to the top of that range, rangebound traders may wish to consider exploring shorting opportunities.
The market capitalization of Huobi Token, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $844 million.
Daily Engagement Metrics Update
Yesterday saw 130 transfers amongst holders of Huobi Token. Regarding a tally of holders, Yesterday saw Huobi Token’s wallet count jump by 17. To understand loyalty or repeat usage amongst holders of Huobi Token, we can note that there were 76 wallets making a transaction yesterday, while 1,588 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.05.
How are the Strong Holders of Huobi Token Faring?
In terms of wealth concentration, the richest 1,000 wallets own 133.55% 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
Social media growth, in terms of Twitter followers, came in at up 115 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. You can follow Huobi Token on Twitter here.
Article by SixJupiter
