Huobi Token Price Update
Huobi Token’s current price, at the time of this writing, is $3.852 USD, up by approximately 3.77% 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 14.03% 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 4 of the past 5 days. Another data point we may find worthy of observation is that price for Huobi Token has increased 4 of the previous 5 days.
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 $2.958 and $3.7981. 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 $873M US dollars.
Straight Off the Chain
146 transactions amongst holders of Huobi Token occurred yesterday. As for the number of holders, yesterday saw the number of wallets holding Huobi Token jump by 4. To understand loyalty or repeat usage amongst holders of Huobi Token, we can note that there were 72 wallets making a transaction yesterday, while 1,540 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. This number is greater than 100% because many of the token holders are not able to sell them yet, and thus their numbers are not included in the supply yet, though they can be regarded as future sellers when they are able to sell. The underlying smart contract itself for Huobi Token owns 0% of the total money supply; over the past week, this amount has not changed.
The Latest on Huobi Token and Social Media
In terms of social media presence, Huobi Token saw its Twitter followers go up by 154 over the past 24 hours. If you are interested in following Huobi Token on social media, Twitter, where it has 151,384 following it, may be a good place to start. You can follow Huobi Token on Twitter here.
Article by SixJupiter
