Huobi Token Price Update
Huobi Token is up by approximately 1.23% from the previous day, with its price currently hovering around $3.954 USD. The up day for Huobi Token yesterday was a reversal from the day before it, which puts its price at 14.25% above its 20 day moving average. Over the past two weeks, price has been in an up trend. From another vantage point, note that price has gone up 3 of the past 5 days. And in terms of volume, yesterday’s price move ocurred on volume that was 87.08% 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 $2.883004 and $4.038596. Given its boundaries, rangebound traders may find it compelling to entertain shorting, as we are nearer to the top of the range.
As for Huobi Token’s market cap, it is currently at about $895M US dollars.
Daily Engagement Metrics Update
105 transactions amongst holders of Huobi Token occurred yesterday. As for the number of holders, yesterday saw the number of wallets holding Huobi Token rise by 10. To understand loyalty or repeat usage amongst holders of Huobi Token, we can note that there were 87 wallets making a transaction yesterday, while 1,445 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.
Just How Rich are Huobi Token’s Richest Holders?
And in regards to wealth distribution, note that the top 1,000 Huobi Token wallets hold over 133.55% of the token’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. Huobi Token’s smart contract owns approximately 0% of its own total money supply. This amount hasn’t changed over the past week.
Huobi Token’s Social Media Presence
Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 70 and 1 over the past day for Huobi Token. Traders interested in following Huobi Token has the biggest presence on Twitter, where it has 151,555 users engaged. Here is the Twitter page for Huobi Token.
Article by SixJupiter
