Price Action
Over the past week, Huobi Token saw its price go up by 1.75%. It is below its 20 day moving average by 1.47%, so it’s fairly close. 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. In terms of volatility, Huobi Token exhibits greater price volatility than approximately 18% 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 2.13412 and $2.57488.
Where to trade Huobi Token (symbol: HT): Gate, Yobit, DDEX
Volume Update
Over the past week, Huobi Token saw its daily volume range between 852,401.9 and 2,475,077 units of its own currency. Over the past three weeks, volume has steadily declined, but the trend in price is not as clear one way or the other. Over the past week, Huobi Token saw its trading turnover — which we define as average daily trading volume divided by circulating supply — register at 3.64%. This turnover rate is higher than approximately 72.92% of the cryptocurrencies we monitor, which means it’s above average and thus will have enough liquidity for many investors/traders.
Engagement Update
Over the past week, Huobi Token saw its holders go from 4,561 to 4,678, an increase of 2.57%. As for overall transactions, they increased from 200,889 to 215,695 — an increase of 7.37%. Huobi Token’s combined growth rate — meaning the sum of its growth rate in holders and transactions — is 9.94% which puts it ahead of 78.12% of the coins in our index. This could indicate that the coin’s engagement is growing at an above average rate.
Where to Buy
You can trade Huobi Token, listed under the symbol HT, through the following exchanges: Gate, Yobit, DDEX.
Article by SixJupiter
