March 31, 2020: Huobi Token (HT): Up 0.24%; 2nd Straight Up Day

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

At the time of this writing, Huobi Token has a price of $3.287 USD, which puts it up by approximately 0.24% from yesterday. Huobi Token enters the day 4.35% above its 20 day moving average, and is experiencing its the 2nd straight day up. 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 54.95% 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 $2.902467 and $3.397533 based on its momentum and volatility over the past 14 days. Given its boundaries, rangebound traders may find it compelling to entertain selling, as we are nearer to the top of the range.

As for Huobi Token’s market cap, it is currently at about $747M US dollars.

Daily Engagement Metrics Update

Yesterday saw 96 transfers amongst holders of Huobi Token. As for the number of holders, yesterday saw the number of wallets holding Huobi Token drop by 3. To further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at 0.04, with 71 wallets making a transfer this past day and 1,986 wallets having made a transfer in the past month.

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. Incidentally, this value exceeds 100% because many owners are not yet able to sell (due to contractual provisions), and our supply metric only observes liquid supply. 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 302 over the past day for Huobi Token. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. Use this link to follow Huobi Token on Twitter.

Article by SixJupiter

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