Price Action
In the week prior, the price for Huobi Token went down by -2.71%. It is above its 20 day moving average by 2.93%, so it’s fairly close. Huobi Token’s bullish momentum, based on its distance from its 20 day moving average, is roughly middle-of-the-pack relative to the cryptos we’re tracking. In terms of volatility, Huobi Token exhibits greater price volatility than approximately 13% 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 3.522586 and $4.234514.
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 932,617.9 and 11,424,876. 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 10.45%. Its turnover rate is more than approximately 85.29% 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
Over the past week, Huobi Token saw its holders go from 7,595 to 7,636, an increase of 0.54%. As for overall transactions, they increased from 272,781 to 277,898 — an increase of 1.88%. This translates to a combined engagement growth rate of 2.42% for Huobi Token — which is higher than 55.88% of the cryptocurrencies we’re reporting on. 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
