May 10, 2020: Huobi Token (HT): Down 4.87%; Price Crosses 20 Day Average; 3rd Consecutive Down Day

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Huobi Token Price Update

At the time of this writing, Huobi Token has a price of $3.89 USD, which puts it down by approximately 4.87% from yesterday. This marked the the 3rd consecutive day Huobi Token has been down; it is still in a unclear trend, and is currently 4.69% below its 20 day moving average; staying above this level may be critical to sustain short-term momentum. From another vantage point, note that price has gone up 1 of the past 5 days. And in terms of volume, yesterday’s price move ocurred on volume that was 22.85% 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 $3.866784 and $4.296316. Price’s current proximity to the bottom of the range may make buying an attractive opportunity to traders interested in trading the range.

As for Huobi Token’s market cap, it is currently at about $856M US dollars.

Straight Off the Chain

Over the past 24 hours, 131 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 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 0.06, with 55 wallets making a transfer this past day and 957 wallets having made a transfer in the past month.

Just How Rich are Huobi Token’s Richest Holders?

As for wealth distribution, the richest 1,000 wallets currently own 134.28% of the 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.

The Latest on Huobi Token and Social Media

Facebook appears to be the most popular place to follow the company, and thus may be worth monitoring.

Article by SixJupiter

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