Price Action
Over the past week, Huobi Token saw its price go up by 2.74%. It is above its 20 day moving average by 2.64%, so it’s fairly close. Huobi Token’s bullish momentum, based on its distance from its 20 day moving average, is above average relative to our index of cryptocurrencies. Now when considering volatility, Huobi Token is more prone to sizable price moves than 7% of coins in our index, so this coin might not move much — something traders and investors will certainly want to keep in mind. Looking ahead, if the upcoming week mirrors the volatility of three past three weeks, the price range for Huobi Token in US dollars is expected to be between $3.728322 and $4.297478.
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 951,196 and 6,798,875 currency units. In the three weeks prior, the trend in volume is not clear, though price is marching upwards. The past 7 days saw Huobi Token’s trading turnover — meaning the percentage of its available supply that was traded — come in at 9.2%. This turnover rate is higher than approximately 80.39% of the cryptocurrencies we monitor, which means 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
Over the past week, Huobi Token saw its holders go from 7,635 to 7,813, an increase of 2.33%. And in regards to cumulative transactions logged on the blockchain, they went from 277,087 to 281,950, which amounts to a change of 1.76%. This translates to a combined engagement growth rate of 4.09% for Huobi Token — which is higher than 86.74% of the cryptocurrencies we’re reporting on. 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
