March 25, 2020: Huobi Token (HT): Up 0.44%; 3rd Consecutive Up Day

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How Did Huobi Token’s Price Fare Yesterday?

Huobi Token is up by approximately 0.44% from the previous day, with its price currently hovering around $3.447 USD. Huobi Token enters the day 0.41% below its 20 day moving average, but is experiencing its the 3rd consecutive day up. To help contextualize yesterday’s price move, we can observe that price has rallied 16 of the past 30 days. Another data point we may find worthy of observation is that price for Huobi Token has increased 16 of the previous 30 days.

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 $2.879702 and $4.042598. As we are closer to the bottom of that range, rangebound traders may wish to consider exploring buying opportunities.

As for Huobi Token’s market cap, it is currently at about $781M US dollars.

Update on Transactions and Holders

Over the past 24 hours, NA 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 NA by approximately NA. To further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at 0.03, with 66 wallets making a transfer this past day and 2,578 wallets having made a transfer in the past month.

Observing Huobi Token’s Richest Wallets

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. 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, came in at up 458 over the past day for Huobi Token. Traders interested in following Huobi Token has the biggest presence on Twitter, where it has 149,070 users engaged. Use this link to follow Huobi Token on Twitter.

Article by SixJupiter

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