Price Action
In the week prior, the price for Huobi Token went up by 3.88%. It is above its 20 day moving average by 3.77%, so it’s slightly away. Huobi Token’s bullish momentum, determined 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 15% of coins in our index, so this coin might not move much — something traders and investors will certainly want to keep in mind. If volatility over the past three weeks is any indication of what’s to come, we can expect Huobi Token to bounce between 2.163971 and $2.481029 US dollars per coin.
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 852,401.9 and 7,767,473 currency units. Over the past three weeks, the trend in volume,like the trend in price, is choppy and does not reveal a clear direction. Over the past week, Huobi Token saw its trading turnover — which we define as average daily trading volume divided by circulating supply — register at 8.03%. Its trading turnover percentage is higher than about 82.65% 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 4,678 to 6,773 in the past week, marking a change of 44.78%. In terms of blockchain-recorded transactions made by these wallets since their inception, that number changed from 215,695 to 234,627, which translates to growth of 8.78% for the week. This translates to a combined engagement growth rate of 53.56% for Huobi Token — which is higher than 100.00% of the cryptocurrencies we’re reporting on. 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
