Huobi Token Price Update
At the time of this writing, Huobi Token has a price of $2.898 USD, which puts it down by approximately 2.39% 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 26.22% below its 20 day moving average, and is currently in a down trend over the past 14 days. From another vantage point, note that price has gone up 3 of the past 10 days. Another data point we may find worthy of observation is that price for Huobi Token has increased 3 of the previous 10 days.
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 $2.29003 and $5.56527, based on how price has behaved in the two weeks prior. Price’s current proximity to the bottom of the range may make buying an attractive opportunity to traders interested in trading the range.
The currency’s market cap currently stands at $659 million US dollars.
Daily Engagement Metrics Update
NA transactions amongst holders of Huobi Token occurred yesterday. Regarding a tally of holders, Yesterday saw Huobi Token’s wallet count NA by NA. To understand loyalty or repeat usage amongst holders of Huobi Token, we can note that there were 97 wallets making a transaction yesterday, while 2,997 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.03.
How are the Strong Holders of Huobi Token Faring?
As for wealth distribution, the richest 1,000 wallets currently own 133.55% of the 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.
Huobi Token’s Social Media Presence
Traders interested in following Huobi Token has the biggest presence on Twitter, where it has 144,462 users engaged. You can follow Huobi Token on Twitter here.
Article by SixJupiter
