Price Action
Over the past week, Huobi Token saw its price go up by 10.54%. It is above its 20 day moving average by 11.83%, so it’s somewhat away. Huobi Token’s bullish momentum, determined by its distance from its 20 day moving average, is well above average relative to its peers, and thus may be a sign the market for the coin is overheating and due to correct downwards. Regarding volatility, Huobi Token is more volatile than roughly 11% of coins in our index, so this coin might not move much — something traders and investors will certainly want to keep in mind. Based on volatility over the past three weeks, we can expect Huobi Token to experience a price range in US dollars between 3.656682 and $4.486018.
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 1,269,070 and 10,495,391 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 12.44%. Its turnover rate is more than approximately 87% 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 7,813 to 8,732 in the past week, marking a change of 11.76%. And in regards to cumulative transactions logged on the blockchain, they went from 281,950 to 287,529, which amounts to a change of 1.98%. This translates to a combined engagement growth rate of 13.74% for Huobi Token — which is higher than 95.77% of the cryptocurrencies we’re reporting on. One interpretation of this may be 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
