January 23, 2020: Huobi Token (HT): Down 2.92%; Anomalies In Transfers Added

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How Did Huobi Token’s Price Fare Yesterday?

At the time of this writing, Huobi Token has a price of $3.162 USD, which puts it down by approximately 2.92% from yesterday. Yesterday’s down day is a reversal of the day before it; in terms of trend, though, note that the current price is now 0.99% above its 20 day moving average, and is currently in an up trend over the past 14 days. In terms of an expected trading range, the Bollinger bands on Huobi Token suggest price may bounce between $2.983459 and $3.278641 based on its momentum and volatility over the past 14 days. As we are closer to the top of that range, rangebound traders may wish to consider exploring shorting opportunities.

Get your analysis of Huobi Token (HT) here on CryptoCoin.news. And for daily analysis and recaps of the 5 major cryptocurrencies, visit CFDTrading.com.

As for Huobi Token’s market cap, it is currently at about $766M US dollars.

Unusual Developments

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

Straight Off the Chain

Over the past 24 hours, 1,711 transfers have been added to the blockchain recording transactions amongst holders of Huobi Token. In terms of estimating the number of holders, over the past day the total number of wallets holding Huobi Token has gone up by approximately 22. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Huobi Token ranked 12 out of the 30 Ethereum tokens we’re tracking.

How are the Strong Holders of Huobi Token Faring?

In terms of wealth concentration, the richest 1,000 wallets own 91.58% of the coin’s total money supply. Huobi Token’s smart contract owns approximately 0% of its own total money supply. This amount hasn’t changed over the past week.

What’s Going on Social Media?

Traders interested in following Huobi Token has the biggest presence on Twitter, where it has 136,024 users engaged. 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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