Huobi Token: What’s the Latest Regarding its Price?
At the time of this writing, Huobi Token has a price of $3.21 USD, which puts it up by approximately 4.22% from yesterday. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in a unclear trend, and is currently 0.87% 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. Another data point we may find worthy of observation is that price for Huobi Token has increased 3 of the previous 5 days.
In terms of an expected trading range, the Bollinger bands on Huobi Token suggest price may bounce between $2.884421 and $3.480379 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 $725 million US dollars.
Update on Transactions and Holders
Yesterday saw 161 transfers amongst holders of Huobi Token. Regarding a tally of holders, Yesterday saw Huobi Token’s wallet count rise by 13. To understand loyalty or repeat usage amongst holders of Huobi Token, we can note that there were 72 wallets making a transaction yesterday, while 2,131 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?
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. 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 and Reddit subscribers, came in at up 145 and 1 over the past day for Huobi Token. Traders interested in following Huobi Token has the biggest presence on Twitter, where it has 149,950 users engaged. You can follow Huobi Token on Twitter here.
Article by SixJupiter
