May 5, 2020: Huobi Token (HT): Down 0.43%


Huobi Token Price Update

At the time of this writing, Huobi Token has a price of $4.199 USD, which puts it down by approximately 0.43% from yesterday. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in an up trend, and is currently 4.53% above its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. To help contextualize yesterday’s price move, we can observe that price has rallied 3 of the past 5 days. And in terms of volume, yesterday’s price move ocurred on volume that was 56.74% 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 $3.739079 and $4.294921. Price’s current proximity to the top of the range may make shorting an attractive opportunity to traders interested in trading the range.

The currency’s market cap currently stands at $935 million US dollars.

Update on Transactions and Holders

62 transactions amongst holders of Huobi Token occurred yesterday. As for the number of holders, yesterday saw the number of wallets holding Huobi Token decline by 2. To further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at 0.05, with 53 wallets making a transfer this past day and 1,004 wallets having made a transfer in the past month.

Observing Huobi Token’s Richest Wallets

In terms of wealth concentration, the richest 1,000 wallets own 134.28% 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. As for the Huobi Token’s smart contract itself, that owns 0% of the total money supply, an amount unchanged from the week prior.

The Latest on Huobi Token and Social Media

If you are interested in following Huobi Token on social media, Twitter, where it has 154,698 following it, may be a good place to start. Use this link to follow Huobi Token on Twitter.

Article by SixJupiter

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