Huobi Token Price Update
Huobi Token’s current price, at the time of this writing, is $4.022 USD, up by approximately 1.28% from the day prior. Huobi Token enters the day 17.11% above its 20 day moving average, and is experiencing its the 2nd day in a row up. To help contextualize yesterday’s price move, we can observe that price has rallied 18 of the past 30 days. And in terms of volume, yesterday’s price move ocurred on volume that was 49.4% 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 $2.879619 and $3.988881, based on how price has behaved in the two weeks prior. 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 $912 million US dollars.
Straight Off the Chain
206 transactions amongst holders of Huobi Token occurred yesterday. Regarding a tally of holders, Yesterday saw Huobi Token’s wallet count jump by 6. To understand loyalty or repeat usage amongst holders of Huobi Token, we can note that there were 82 wallets making a transaction yesterday, while 1,482 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.06.
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. The underlying smart contract itself for Huobi Token owns 0% of the total money supply; over the past week, this amount has not changed.
Huobi Token’s Social Media Presence
Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 101 and 1 over the past day for Huobi Token. Traders interested in following Huobi Token has the biggest presence on Twitter, where it has 151,485 users engaged. Use this link to follow Huobi Token on Twitter.
Article by SixJupiter
