How Did Huobi Token’s Price Fare Yesterday?
Huobi Token’s current price, at the time of this writing, is $3.926 USD, down by approximately 1.18% from the day prior. The down day for Huobi Token yesterday was a reversal from the day before it, which puts its price at 12.36% 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 9 of the previous 14 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 6.11% less 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 $2.876613 and $4.111587. Price’s current proximity to the top of the range may make shorting an attractive opportunity to traders interested in trading the range.
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 $890 million.
Straight Off the Chain
154 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 8. To further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at 0.05, with 69 wallets making a transfer this past day and 1,375 wallets having made a transfer in the past month.
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. 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. 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
In the past day, Huobi Token’s Twitter followers went up by 51, respectively. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. Use this link to follow Huobi Token on Twitter.
Article by SixJupiter
