March 26, 2020: Huobi Token (HT): Down 1.15%; 2nd Straight Down Day

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Huobi Token Price Update

Huobi Token is down by approximately 1.15% from the previous day, with its price currently hovering around $3.342 USD. Huobi Token is currently in an up, and it should be noted that this is now the the 2nd day in a row that price has been down. Moreover, Huobi Token is now 1.31% below its 20 day moving average. To help contextualize yesterday’s price move, we can observe that price has rallied 6 of the past 10 days. And in terms of volume, yesterday’s price move ocurred on volume that was 61.4% less than its 7 day average volume.

In terms of an expected trading range, the Bollinger bands on Huobi Token suggest price may bounce between $2.95838 and $3.81422 based on its momentum and volatility over the past 14 days. Given its boundaries, rangebound traders may find it compelling to entertain buying, as we are nearer to the bottom of the range.

As for Huobi Token’s market cap, it is currently at about $759M US dollars.

Straight Off the Chain

NA transactions amongst holders of Huobi Token occurred yesterday. 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 understand loyalty or repeat usage amongst holders of Huobi Token, we can note that there were 71 wallets making a transaction yesterday, while 2,502 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.

Just How Rich are Huobi Token’s Richest Holders?

In terms of wealth concentration, the richest 1,000 wallets own 133.55% of the coin’s total money supply. This number is greater than 100% because many of the token holders are not able to sell them yet, and thus their numbers are not included in the supply yet, though they can be regarded as future sellers when they are able to sell. 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

If you are interested in following Huobi Token on social media, Twitter, where it has 149,070 following it, may be a good place to start. Use this link to follow Huobi Token on Twitter.

Article by SixJupiter

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