Price Action
Since last week, Huobi Token’s price went up by 26.59%. It is above its 20 day moving average by 23.36%, so it’s a bit of a ways off. Huobi Token’s bullish momentum, if assessed by its distance from its 20 day moving average, is above average relative to our index of cryptocurrencies. Regarding volatility, Huobi Token is more volatile than roughly 78% of coins in our index, so traders can expect a bit more volatility than usual. Based on volatility over the past three weeks, we can expect Huobi Token to experience a price range in US dollars between 2.011136 and $3.468864.
Where to trade Huobi Token (symbol: HT): Gate, Yobit, DDEX
Volume Update
In the week prior, the daily volume for Huobi Token has ranged between 1,426,960 and 12,204,501 currency units. Looking back over past 21 days, the trend in volume is not clear, though price is marching upwards. Over the past week, Huobi Token saw its trading turnover — which we define as average daily trading volume divided by circulating supply — register at 11.55%. Its turnover rate is more than approximately 87.88% of the cryptocurrencies in our index, so it’s far above average and thus a good coin for those interested in active trading or being able to get out of the market if they need to.
Engagement Update
The number of wallets holding Huobi Token went from 6,926 to 7,169 in the past week, marking a change of 3.51%. And in regards to cumulative transactions logged on the blockchain, they went from 243,362 to 251,771, which amounts to a change of 3.46%. Huobi Token’s combined growth rate — meaning the sum of its growth rate in holders and transactions — is 6.97% which puts it ahead of 88.89% of the coins in our index. This growth rate suggests the coin may be on track to getting and sustaining actual usage.
Where to Buy
You can trade Huobi Token, listed under the symbol HT, through the following exchanges: Gate, Yobit, DDEX.
Article by SixJupiter
