May 6, 2020: Huobi Token (HT): Up 0.02%

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Huobi Token Price Update

At the time of this writing, Huobi Token has a price of $4.183 USD, which puts it up by approximately 0.02% from yesterday. The up day for Huobi Token yesterday was a reversal from the day before it, which puts its price at 3.72% above its 20 day moving average. Over the past two weeks, price has been in an up trend. To help contextualize yesterday’s price move, we can observe that price has rallied 9 of the past 14 days. And in terms of volume, yesterday’s price move ocurred on volume that was 63.43% 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 $3.796365 and $4.269935, based on how price has behaved in the two weeks prior. 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 $924 million.

Daily Engagement Metrics Update

Yesterday saw 79 transfers amongst holders of Huobi Token. Regarding a tally of holders, Yesterday saw Huobi Token’s wallet count decline by 5. To further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at 0.04, with 44 wallets making a transfer this past day and 983 wallets having made a transfer in the past month.

Just How Rich are Huobi Token’s Richest Holders?

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%. 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, Twitter, where it has 154,698 following it, may be a good place to start. Here is the Twitter page for Huobi Token.

Article by SixJupiter

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