March 27, 2020: Huobi Token (HT): Down 1.38%

.

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

Huobi Token’s current price, at the time of this writing, is $3.363 USD, down by approximately 1.38% from the day prior. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in an up trend, and is currently 1.13% above its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. Another data point we may find worthy of observation is that price for Huobi Token has increased 3 of the previous 5 days. And in terms of volume, yesterday’s price move ocurred on volume that was 30.69% 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 $2.894506 and $3.756294 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.

The currency’s market cap currently stands at $762 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 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 63 wallets making a transfer this past day and 2,417 wallets having made a transfer in the past month.

Just How Rich are Huobi Token’s Richest Holders?

And in regards to wealth distribution, note that the top 1,000 Huobi Token wallets hold over 133.55% of the token’s total 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. The underlying smart contract itself for Huobi Token owns 0% of the total money supply; over the past week, this amount has not changed.

Huobi Token’s Social Media Presence

Social media growth, in terms of Twitter followers, came in at up 438 over the past day for Huobi Token. Traders interested in following Huobi Token has the biggest presence on Twitter, where it has 149,508 users engaged. You can follow Huobi Token on Twitter here.

Article by SixJupiter

Stay up to date on crypto news!

Sign up for our newsletter for all the hottest crypto stories, ICO reviews, and insights from leading experts of the crypto world - four times a week.

You have been signed up!