Huobi Token: What’s the Latest Regarding its Price?
Huobi Token’s current price, at the time of this writing, is $4.292 USD, up by approximately 0.47% from the day prior. Huobi Token is currently in an up, and it should be noted that this is now the the 3rd straight day that price has been up. Moreover, Huobi Token is now 8.08% above its 20 day moving average. To help contextualize yesterday’s price move, we can observe that price has rallied 7 of the past 10 days. And in terms of volume, yesterday’s price move ocurred on volume that was 53.04% less than its 7 day average volume.
Traders looking for a range to trade within may wish to note that the Bollinger bands (a price indicator based on recent momentum and volatility) for Huobi Token imply the currency may oscillate between $3.571914 and $4.369986, based on how price has behaved in the two weeks prior. As we are closer to the top of that range, rangebound traders may wish to consider exploring selling opportunities.
As for Huobi Token’s market cap, it is currently at about $950M US dollars.
Daily Engagement Metrics Update
95 transactions amongst holders of Huobi Token occurred yesterday. Regarding a tally of holders, Yesterday saw Huobi Token’s wallet count rise by 6. To understand loyalty or repeat usage amongst holders of Huobi Token, we can note that there were 47 wallets making a transaction yesterday, while 1,008 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.05.
How are the Strong Holders of Huobi Token Faring?
In terms of wealth concentration, the richest 1,000 wallets own 134.28% of the coin’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%. The underlying smart contract itself for Huobi Token owns 0% of the total money supply; over the past week, this amount has not changed.
What’s Going on Social Media?
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
