May 4, 2020: Huobi Token (HT): Down 2.94%; 2nd Consecutive Down Day

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Huobi Token Price Update

At the time of this writing, Huobi Token has a price of $4.066 USD, which puts it down by approximately 2.94% from yesterday. Huobi Token is currently in an up, but it should be noted that this is now the the 2nd day in a row that price has been down. Moreover, Huobi Token is now 2.11% above its 20 day moving average. Another data point we may find worthy of observation is that price for Huobi Token has increased 15 of the previous 30 days. Another data point we may find worthy of observation is that price for Huobi Token has increased 15 of the previous 30 days.

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 $3.645519 and $4.318381, based on how price has behaved in the two weeks prior. Given its boundaries, rangebound traders may find it compelling to entertain shorting, as we are nearer to the top of the range.

As for Huobi Token’s market cap, it is currently at about $901M US dollars.

Daily Engagement Metrics Update

114 transactions amongst holders of Huobi Token occurred yesterday. Regarding a tally of holders, Yesterday saw Huobi Token’s wallet count drop by 9. To understand loyalty or repeat usage amongst holders of Huobi Token, we can note that there were 65 wallets making a transaction yesterday, while 1,015 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.06.

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 134.28% of the token’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. 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?

If you are interested in following Huobi Token on social media, Facebook, where it has NA following it, may be a good place to start.

Article by SixJupiter

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