Price Action
Over the past week, Huobi Token saw its price go up by 5.3%. It is above its 20 day moving average by 9.13%, so it’s somewhat away. 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. Regarding volatility, Huobi Token is more volatile than roughly 58% of coins in our index, so it’s volatilty is about what you’d expect for a cryptocurrency in our index. 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 $2.890094 and $3.916306.
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 1,183,200 and 7,135,252. 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 8.99% over the past week, which means that is the percent of its available money supply that is traded daily. Its trading turnover percentage is higher than about 79% of the coins we’re tracking, so it’s above average and thus will have enough liquidity for many investors/traders.
Engagement Update
Huobi Token saw the number of wallets holding its coin go from 7,498 to 7,507 over the past week — a change of 0.12%. In terms of blockchain-recorded transactions made by these wallets since their inception, that number changed from 266,128 to 271,234, which translates to growth of 1.92% for the week. Huobi Token’s combined growth rate — meaning the sum of its growth rate in holders and transactions — is 2.04% which puts it ahead of 54.55% of the coins in our index. One interpretation of this may be 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
