Price Action
In the week prior, the price for Huobi Token went up by 4.79%. It is above its 20 day moving average by 6.65%, so it’s somewhat away. Huobi Token’s bullish momentum, determined by its distance from its 20 day moving average, is roughly middle-of-the-pack relative to the cryptos we’re tracking. Regarding volatility, Huobi Token is more volatile than roughly 33% of coins in our index, so it’s notably less volatile than the other cryptocurrencies we’re monitoring. If volatility over the past three weeks is any indication of what’s to come, we can expect Huobi Token to bounce between 2.895401 and $3.591299 US dollars per coin.
Where to trade Huobi Token (symbol: HT): Gate, Yobit, DDEX
Volume Update
In the span of the preceding 7 days, Huobi Token’s daily volume, in terms of its own unit of currency, has fluctuated between 1,444,291 and 5,868,166. In the three weeks prior, the trend in volume is not clear, though price is marching upwards. Huobi Token experienced a turnover rate of about 8.4% over the past week, which means that is the percent of its available money supply that is traded daily. This turnover rate is higher than approximately 76.53% of the cryptocurrencies we monitor, which means it’s above average and thus will have enough liquidity for many investors/traders.
Engagement Update
Over the past week, Huobi Token saw its holders go from 7,203 to 7,177, an increase of -0.36%. In terms of blockchain-recorded transactions made by these wallets since their inception, that number changed from 261,395 to 266,374, which translates to growth of 1.90% for the week. Huobi Token’s combined growth rate — meaning the sum of its growth rate in holders and transactions — is 1.54% which puts it ahead of 50.00% of the coins in our index. This could indicate that the coin’s weekly growth in engagement is fairly mediocre.
Where to Buy
You can trade Huobi Token, listed under the symbol HT, through the following exchanges: Gate, Yobit, DDEX.
Article by SixJupiter
