May 1, 2020: Huobi Token (HT): Up 1.79%

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

Huobi Token is up by approximately 1.79% from the previous day, with its price currently hovering around $4.266 USD. Yesterday’s up day is a reversal of the day before it; in terms of trend, though, note that the current price is now 8.9% above its 20 day moving average, and is currently in an up trend over the past 14 days. From another vantage point, note that price has gone up 7 of the past 10 days. And in terms of volume, yesterday’s price move ocurred on volume that was 54.93% less than its 7 day average volume.

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 $3.557707 and $4.277093. Price’s current proximity to the top of the range may make selling an attractive opportunity to traders interested in trading the range.

The market capitalization of Huobi Token, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $944 million.

Straight Off the Chain

Over the past 24 hours, 132 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 down by approximately 2. To understand loyalty or repeat usage amongst holders of Huobi Token, we can note that there were 108 wallets making a transaction yesterday, while 1,017 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.11.

Observing Huobi Token’s Richest Wallets

And in regards to wealth distribution, note that the top 1,000 Huobi Token wallets hold over 134.28% of the token’s total money supply. To further clarify, our supply metric focuses only on supply that is publicly available while many large holders may have tokens they are not able to sell yet — which is why this value can exceed 100%. Huobi Token’s smart contract owns approximately 0% of its own total money supply. This amount hasn’t changed over the past week.

What’s Going on Social Media?

In the past day, Huobi Token’s Twitter followers went up by 686, respectively. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. You can follow Huobi Token on Twitter here.

Article by SixJupiter

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