May 8, 2020: Huobi Token (HT): Down 1.55%

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Huobi Token: What’s the Latest Regarding its Price?

Huobi Token’s current price, at the time of this writing, is $4.181 USD, down by approximately 1.55% from the day prior. 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 2.93% above 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 7 of the past 14 days. Another data point we may find worthy of observation is that price for Huobi Token has increased 7 of the previous 14 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 $3.865053 and $4.259047, based on how price has behaved in the two weeks prior. 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 $927 million US dollars.

Update on Transactions and Holders

62 transactions amongst holders of Huobi Token occurred yesterday. In terms of estimating the number of holders, over the past day the total number of wallets holding Huobi Token has gone up by approximately 9. 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 49 wallets making a transfer this past day and 963 wallets having made a transfer in the past month.

How are the Strong Holders of Huobi Token Faring?

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

The Latest on Huobi Token and Social Media

Traders interested in following Huobi Token has the biggest presence on Twitter, where it has 154,938 users engaged. You can follow Huobi Token on Twitter here.

Article by SixJupiter

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