December 3, 2019: Huobi Token (HT): Down 1.44%; Anomalies In Holders Added

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Huobi Token: What’s the Latest Regarding its Price?

Huobi Token is down by approximately 1.44% from the previous day, with its price currently hovering around $2.944 USD. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in a unclear trend, and is currently 4.23% below its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. 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 $2.501581 and $3.646619, based on how price has behaved in the two weeks prior. As we are closer to the bottom of that range, rangebound traders may wish to consider exploring buying opportunities.

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As for Huobi Token’s market cap, it is currently at about $722M US dollars.

What Anamolies Occurred Since Yesterday?

Yesterday, the metrics holders added saw a daily change well outside what is usually experienced. An exploration as to what caused this may be worthwhile.

Daily Engagement Metrics Update

Over the past 24 hours, 409 transfers have been added to the blockchain recording transactions amongst holders of Huobi Token. Regarding a tally of holders, Yesterday saw Huobi Token’s wallet count rise by 30. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Huobi Token ranked 15 out of the 34 Ethereum tokens we’re tracking.

Just How Rich are Huobi Token’s Richest Holders?

In terms of wealth concentration, the richest 1,000 wallets own 93.2% of the coin’s total money 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.

The Latest on Huobi Token and Social Media

In terms of social media presence, Huobi Token saw its Twitter followers go up by 88 over the past 24 hours. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. Here is the Twitter page for Huobi Token.

Where to Buy

You can trade Huobi Token, listed under the symbol HT, through the following exchanges: Gate, Yobit, DDEX.

Article by SixJupiter

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