Price Analysis

Huobi Token (HT) Price Analysis: Will Huobi Reach its Goal of holding 500 or more Huboi Tokens?

eToro

Introduction:

Huobi Token (HT) is an exchange based token and native currency of the Huobi crypto exchange. This is a Singapore based cryptocurrency and was founded in China. After a 2017 ban on Bitcoin exchanges by the Chinese Government, Huobi continues to operate as a blockchain consulting and a research platform. The HT can be used to purchase monthly VIP status plan for a transaction fee, discounts, vote on exchange decisions, gaining early access to special Huobi events, receive crypto rewards from seasonal buybacks and trade with various cryptocurrencies listed on Huobi exchange.

Highlights:

  • Huobi and Binance do regular KYC, and AML (Know Your Customer and Anti Money Laundering) checks on customers.
  • Not only designed for deep-pocketed but also for ordinary retail traders.

Huobi token

eToro Crypto

Current Statistics:

Huobi Token is ranked at the 52nd position with a market cap of USD 1,37,155,012 on 2nd April as on 6:32 UTC time. Today Huobi Token price is USD 2.74 and BTC price is 0.00067642. The 24h volume is 1288,080,896 USD with a circulating supply of 50,000,200 HT.

Analysis and Data Interpretation:

The highest price (USD) 2.75 was noticed on March 21. Compared with today’s statistics, the same price (USD) has reached maintaining a stable resistance level from the last ten days. Considering the start of the year, Huobi Token has been stable till the 1st week of February and after that has a bullish market.

Predictions and Conclusion:

According to a recent announcement, Huobi has given the date of the next Initial Exchange Offering (IEO) to occur on its platform which will take place on April 16, 2019. It is predicted by Coin Checkup that there will be an average daily holding of 500 HT before the launch over 30 days from March 17, 2019- April 15, 2019.

So, if the investors do not hold or have enough HT, can still increase to qualify the same.

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

Related Articles

Back to top button