Price Action
In the week prior, the price for Huobi Token went down by -17.87%. It is below its 20 day moving average by 11.38%, so it’s slightly away. Huobi Token’s bullish momentum, if assessed 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 35% of coins in our index, so it’s notably less volatile than the other cryptocurrencies we’re monitoring. Based on volatility over the past three weeks, we can expect Huobi Token to experience a price range in US dollars between 2.096426 and $2.778574.
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 1,920,724 and 7,791,775 currency units. Looking back over past 21 days, the trend in volume does not have a clear direction, while the price trend is clearly down. The past 7 days saw Huobi Token’s trading turnover — meaning the percentage of its available supply that was traded — come in at 9.15%. Its trading turnover percentage is higher than about 81.44% of the coins we’re tracking, 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 4,126 to 4,561 in the past week, marking a change of 10.54%. As for overall transactions, they increased from 179,101 to 200,889 — an increase of 12.17%. The combined engagement growth rate (growth rate in holders plus growth rate in transfers) of Huobi Token is thus at 22.71% which, relatively speaking, is ahead of 100.00% of the cryptocurrencies we’re tracking. This could indicate that 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
