|All Time High:|
|Market Cap: |
|The price of #HT today is $2.80 USD.|
The lowest HT price for this period was $0, the highest was $2.80, and the exact current price of one HT crypto coin is $2.80242.
The all-time high HT coin price was $40.08.
Use our custom price calculator to see the hypothetical price of HT with market cap of ETH or other crypto coins.
|The code for Huobi Token is #HT. |
Huobi Token is 5.8 years old.
|The current market capitalization for Huobi Token is $557,675,641.|
Huobi Token is ranking upwards to #83 out of all coins, by market cap (and other factors).
|The trading volume is large during the past 24 hours for #HT.|
Today's 24-hour trading volume across all exchanges for Huobi Token is $19,009,784.
|The circulating supply of HT is 198,997,559 coins, which is 40% of the maximum coin supply.|
|HT is the native coin for the Ethereum blockchain.|
View the full list of Ethereum blockchain tokens, and has digital contracts with 3 other blockchains.
See list of the HT Blockchain contracts with 4 different blockchains.
|HT is integrated with many pairings with other cryptocurrencies and is listed on at least 17 crypto exchanges.|
View #HT trading pairs and crypto exchanges that currently support #HT purchase.
Huobi Launches PrimeVote 4 With New Upgrades!
Huobi has launched the another round of PrimeVote our vote-to-list event. In this round, we have selected 21 quality projects as our candidates. Read this article to learn how to participate and vote with HT to share a huge rewards pool. 🔹What is Huobi PrimeVote? To hand over listing rights to HT holders and empower our community builders, Huobi officially has launched another PrimeVote event. In this round, we have selected 21 quality projects as our candidates. Simply lock your HT to earn voting rights during the three phases of voting. 🔹How has PrimeVote been upgraded? The competition has been separated into three voting areas instead of one. The three areas are the Preliminary round , the Semi-final round and the Final round. Read the following to learn more about each voting period. 🔹When does voting start and what’s the new stages? Preliminary: 12:00 (UTC) on Apr 21, 2023–12:00 (UTC) on Apr 22, 2023 Semi-final: 12:00 (UTC) on Apr 23, 2023–12:00 (UTC) on Apr 24, 2023 Final: 12:00 (UTC) on Apr 25, 2023–12:00 (UTC) on Apr 27, 2023 🔹Preliminary Voting Overview: Project will be grouped into A and Group B randomly. After the voting of Preliminary concludes, the top 2 projects with the highest number of votes will enter the Semi-final. Voted HT will be unlocked automatically at 15:00:00 (UTC) on the ending day of Preliminary voting. 🔹Semi-Final Voting Overview: At the beginning of Semi-final, vote...
[Tutorial] Huobi Earn Launches New Feature “Auto-Invest”.
Huobi Earn, one of Huobi’s product, allows users to store virtual assets and enjoys continuous compound growth. With Huobi Earn, users will constantly earn passive income on users’ idle assets. Earning income through financial products has never been easier while the returns can be quite substantial. Huobi offers a variety of products to help users achieve financial growth. Users can choose products based on personal financial situation as each of our products has its feature. Our original products are: deposit product, duel invest, staking & voting, ETH 2.0. But now we launched a new feature in March 2023.Share $50,000 , Setup Auto Invest Today! 🔹Overview of “Auto Invest” New Feature To meet the evolving needs of our users, Huobi is excited to announce the launch of the new feature “Auto-Invest Your Balance” on Huobi Earn. By using this feature, users can easily automate the allocation of your spot assets into flexible products with just one click, allowing users to effortlessly generate passive income. You can enjoy the benefits of flexible deposits and redemptions, secure asset management, and start earning returns today. 🔹Benefits of using Auto Invest One-click activation: You can easily activate the feature for convenient and efficient management of your spot assets., Flexible: The feature allows on-demand subscriptions and redemptions. When you redeem your assets, they will be credited to you...
Persisting through Adversity with an Unwavering Mission
Huobi would like to inspire our community and other communities to help share facts not FUD regarding to the pgala incident to ensure a clear and accurate view of events. 🔹Dear Huobi Community: The past six months have seen turbulence in the crypto industry, with many black swan events. Huobi has also undergone and witnessed the crypto market’s twists and turns as well as the development over the past year. As a 9-year-old trading platform, we believe in the industry’s mission of innovating finance & technology. It will grow amid chaos, come under regulation amid doubt, and become increasingly robust in a new financial landscape. In order to BUIDL step by step and help boost the crypto world, we urge all crypto participants to give a rational and objective response to FUD (fear, uncertainty, and doubt) events. By doing so, we can provide our communities with positive forces that benefit the industry. If every participant makes a small step, we can take the industry to the moon. Months have passed since the pGALA incident took place last November. However, Huobi, a victim of the incident, has been attacked by false accusations. We have worked with Gala Games to launch a compensation plan to offset the losses of affected users. At the same time, we have been seeking compensation from pNetwork, the party responsible for the excessive issuance of pGALA tokens. While both Huobi & Gala Games are victims of the incid...
Withdrawals Are Coming! ETH Shapella Mainnet Launches April 12th with Exciting Upgrades!
Ethereum, the second-largest cryptocurrency by market capitalization, has announced the launch of the Shapella Mainnet, representing a significant milestone in the development of Ethereum 2.0. Eth 2.0 is a major upgrade to the Ethereum network that aims to improve scalability, security, and sustainability. 🔹What will be upgraded in Ethereum 2.0 Ethereum 2.0 is a multi-phase upgrade to the Ethereum network that includes several major changes. One of the most significant changes is the switch from the Proof of Work consensus algorithm to Proof of Stake. Proof of Stake is a more sustainable consensus algorithm that requires validators to stake their Ethereum coins as collateral to participate in the consensus process. Another major change in Ethereum 2.0 is the introduction of shard chains. Shard chains are smaller, parallel chains that run alongside the main Ethereum chain, allowing for more efficient processing of transactions. The Shapella mainnet also aims to improve the throughput of the Ethereum network. Currently, the network can process around 15 transactions per second, which is significantly slower than traditional payment systems. The Shapella Mainnet aims to increase the network’s throughput to more than 100,000 transactions per second, making it more efficient and scalable for future applications. 🔹How does ETH 2.0 Improve the EVM & Smart Contracts Ethereum 2.0 also includes improvements to the Ethereum ...
From Crypto to the Caribbean: Huobi Paves the Way for Dominica’s Digital Revolution
🔹Huobi Helps Build The Dominica Metaverse! Are you a fictional move fan? Have you watched Ready Player One, The Matrix or Free Guy? What does metaverse mean to you? With the digital economy and AI technology promotion, many possibilities were developed into web 3.0 world. Huobi is always picturing the future opportunities for web 3.0. And now we are cooperating with Tron and DMC Labs to build a Dominica Metaverse. We welcome you to become part of the Dominica Metaverse.Overview“This digital identification project is a significant milestone for us as it marks the first Web 3 initiative since the passage of our Crypto Ordinance last year. We are excited about the prospect of blockchain innovation and look forward to continued collaboration with Tron to advance the digital economy for Dominica,” said Roosevelt Skerrit, Prime Minister of the Commonwealth of Dominica.” 🔹What is Dominica Metaverse Digital Identity? In web 2.0, all platforms identify users based on IP or unified phone numbers. In the web 3.0 world, users’ identities are connected by Digital ID, allowing all users to protect personal data. To advance the globalization of Web 3.0 and the metaverse, Huobi is excited to announce that Dominica Decentralized Identity (Dominica DID) is now open for applications on Huobi. Dominica DID will become the infrastructure of the future metaverse, a solid starting point for humanity’s digital migration, and a bridg...
Tutorial: How to Pool ARB Airdrops to Huobi.
Tutorial: How to Pool ARB Airdrops to Huobi? - Layer 2 project Arbitrum will airdrop ARB, its new governance token, to community members on March 23. With a total supply of 10 billion, 12.75% of ARB will be airdropped to eligible Arbitrum users, including 11.5% to those who have used the network in the past year. Those who qualify as an “Arbitrum user” before the Snapshot taken on February 6, 2022, are eligible for the airdrop. 🔹Huobi offers a leading solution for pooling airdrops: During Hop’s and Optimism’s airdrop events, many users were disqualified due to engaging in Sybil attacks, which were identified through screening, detection, and community reporting. Hop even implemented incentivized reporting for qualification examination. Arbitrum is also going to take this measure in its upcoming airdrops. Withdrawing your airdrop rewards from multiple Arbitrum addresses to the same Huobi account may be identified as a Sybil Attack and thus lead to your airdrops being canceled. At Huobi, you can create up to 100 sub-accounts to pool your airdrop rewards, each supporting 20 Arbitrum addresses. This is one of the most attractive solutions you can find in the industry.Share $20,000 , Deposit ARB on Huobi 🔹How to pool ARB to Huobi from less than 20 on-chain addresses? (App) Download Huobi App, Log in to the Huobi App and tap Assets., 2. Tap Deposit 3. Select ARB to enter the deposit address page. 4. Tap ARC 20...
Arbitrum ARB Airdrop Confirmed: Here’s How to Check Eligibility!
Arbitrum, the Layer 2 scaling solution for Ethereum, has announced plans to airdrop a new governance token called $ARB to users of its platform. This move comes as part of the platform’s transition to a decentralized autonomous organization (DAO) model. In this article we will cover what is Arbitrum, basic utility of the $ARB token, how to check eligibility to cliam the $ARB token, and lastly how to deposit the $ARB token on Huobi. 🔹What is Arbitrum? Arbitrum is a popular Layer 2 scaling solution for the Ethereum network that uses optimistic rollups to bundle many transactions into a single batch before submitting them to the main Ethereum network. This significantly reduces gas fees and increases transaction speeds. It has quickly gained popularity as a fast and affordable alternative to the main Ethereum network. Arbitrum product, as well as an entire suite of scaling solutions, is built by a New York-based development firm Offchain Lab. The initiative is spearheaded by Offchain Labs co-founders Ed Felten, Steven Goldfeder and Harry Kalodner. Ed is a professor, Steven received his Ph.D, and Harry is a Ph.D. candidate at Princeton University. All three are blockchain experts with a passion for making cryptocurrencies more capable. 🔹What is the uility of the ARB token? The ARB token will give power back to the holders by providing voting rights within the Arbitrum DAO. This will allow users to participate in decisi...
FDIC Compensation and USDC Crypto Market Recovery!
The recent bankruptcy of Silicon Valley Bank (SVB) has sent ripples through the financial industry and the crypto market. As the second-largest bank failure in American history, it has caused widespread concern among investors and users alike. However, the Federal Deposit Insurance Corporation (FDIC) has stepped in to provide compensation and resolution for SVB, fully protecting its users. This intervention has helped restore confidence in the crypto market and led to a recovery in the prices of popular tokens such as BTC and ETH. This article explores the impact of the FDIC compensation on the crypto market and how it has contributed to its recovery.USDC | USDT Spot Market 🔹Bankruptcy Overview: In the last week, two major banks, Silvergate Bank and Silicon Valley Bank (SVB), filed for bankruptcy, marking the second-largest bank failure in American history and the biggest since the 2008 financial crisis. While some people may attribute this to the chaos in the crypto market, the reality is that the main cause is due to the traditional banks’ asset allocation and risk management, coupled with the recent increase in interest rates by the US Federal Reserve. The US Federal Reserve has been gradually increasing rates since 2015. As of March 2023, the federal funds rate stands at 2.25%, compared to 0.25% in 2015.Percent Change Shows HUGE increase from 2021 to 2023. 🔹Crypto Market Impact: The bankruptcy of SVB has had a ...
Huobi OTC Now Supports Multiple Fiat Currencies Block Trades
Huobi OTC Desk now supports block trades with fiat currencies (USD/EUR/GBP/AUD/CAD/CHF/HKD/JPY/SGD) and crypto (USDT/USDC). Stay for three minutes and learn how Huobi OTC Desk works. 🔹About Huobi OTC Desk: HuobiPay UAB, a registered Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator with the Register of Legal Entities of Lithuania, offers a secure and professional over-the-counter (OTC) desk that allows institutional clients and high net-worth individuals to purchase or sell a quantity of cryptocurrencies with a real-time manner, which cannot only reduce the risk of market slippage but also get the ultra-competitive quotations and optimize capital efficiency. For trade sizes USD$100,000 equivalent and above, Voice Trading via dedicated trading chat room support. 🔹Onboarding Procedure: 🔹Should you have any enquiries, please contact us at: Email: firstname.lastname@example.org Telegram: @huobiotcdesk Our 1 on 1 Account Manager will contact the client at our earliest. Thanks for reading, and please comment your thoughts about Huobi OTC Desk. Make sure to join our social channels to stay updated with the latest information with Huobi and more. Twitter | YouTube | Telegram | Discord Huobi OTC Now Supports Multiple Fiat Currencies Block Trades was originally published in Huobi on Medium, where people are continuing the conversation by highlighting and responding to this story.
Hong Kong Embraces Crypto, Paving The Way For Huobi Hong Kong!
Hong Kong, a global financial hub, has taken steps towards opening up to the cryptocurrency industry. The HK Securities and Futures Commission (SFC) set new rules & regulations for crypto exchanges operating within the region. This is a significant move for Hong Kong, as it positions the city in the global crypto market. The new regulations require all crypto exchanges operating in HK to obtain a license from the SFC. The license is mandatory for all exchanges with at least one security token, which includes any token that represents ownership in a company, an asset, or a fund. All exchanges must adhere to strict guidelines to obtain a license such as : robust security measures , tech against anti-money laundering, sound business models, and adequate financial resources. While Hong Kong is taking steps towards regulating crypto exchanges, the question remains whether the city will allow retail traders to trade crypto. As of now, HK has not explicitly banned or restricted retail trading of cryptocurrencies. However, it is important to note that the SFC has issued warnings to investors about the risks of trading in cryptocurrencies, highlighting concerns such as volatility, lack of regulation, and potential scams. There are also ongoing discussions regarding the regulation of initial coin offerings (ICOs) in HK . The SFC has already issued guidelines for ICOs, stating that tokens sold through an ICO may be considered sec...
More Huobi Token (#HT) News
|TRX, HT, BTT Crashed After SEC Accused Justin Sun of Securities Fraud
On March 22nd, the United States Securities and Exchange Commission (SEC) sued Tron founder Justin Sun for selling and distributing unregistered securities through the TRX and BTT tokens, violating Section 5 of the Securities Act.
According to the SEC press release, Justin Sun, the Tron Foundation, the BitTorrent Foundation, and BitTorrent (now known as Rainberry) face charges of fraud and market manipulation for creating an extensive 'wash trading' scheme that manipulated the trading volume of TRX.
Today we charged crypto entrepreneur Justin Sun and three of his wholly-owned companies for the unregistered offer and sale of crypto asset securities Tronix and BitTorrent.
— U.S. Securities and Exchange Commission (@SECGov) March 22, 2023
The SEC also sued actress and singer Lindsay Lohan, influencer and boxer Jake Paul, influencer Michele Mason, and rappers and singers Soulja Boy, Lil Yachty, Ne-Yo, and Akon for illegally promoting TRX and BTT without disclosing that they had been paid to do so.
Most of these celebrities, except for Cortez Way and Mahone, have agreed to pay over $400,000 in restitution, interest, and fines to settle the SEC charges.
Sun Attempted to Inflate TRX Trading Volume Artificially
According to the SEC lawsuit, from April 2018 to February 2019, Justin Sun attempted to artificially inflate the trading volume of TRX through wash trading schemes, making the Tron Foundation employees participate in more than 600,000 ...
|Huobi Token Flash Crashes by 90% in Minutes: Here's Everything You Need ...
HT - the native token of Huobi Exchange - crashed by 90% on Thursday, dropping from $4.6 to $0.31 in a span of 10 minutes. The price has since recovered, but HT was still down by nearly 20% over the past day and was currently trading at $3.81.
Other crypto-assets tied to Tron's founder, Justin Sun, also tumbled. TRX, for one, fell by over 12% in the past 24 hours from $0.066 to $0.057.
Despite this, the exec assured that Huobi's operations are safe and dismissed the incident as normal market behavior.
Sun, who happens to be the biggest holder of the HT token, apologized for the market fluctuation caused by a 'few users triggering a cascade of forced liquidations in the spot and HT contract markets.'
The exec intends to set up a liquidity fund with an investment of $100 million for those impacted by the leveraged liquidation on the market. He also confirmed a transfer of $100 million in USDC stablecoin to Huobi.
'We will continue to improve the liquidity depth of main cryptocurrencies and HT token, strengthen leverage risk warnings and liquidity capabilities.'
In an update, Sun also revealed that Huobi is tasked with bearing all leverage-through position losses on the crypto exchange that transpired from this market volatility event of HT.
Strengthening leverage risk warnings and liquidity capabilities are some of the areas that require attention, according to the exec, who also serves as an advisor to the crypto exchange.
In the minutes leading up to th...
|HT Surges 16% Amid Huobi's Plans to Secure Crypto License in Hong Kong
The native token of the crypto exchange Huobi Global - HT - spiked around 16% after Justin Sun outlined the company's intentions to obtain a trading license in Hong Kong.
If secured, the authorization will allow the platform to offer a wide range of digital asset services and products to domestic consumers.
Justin Sun - Tron's Founder and a member of Huobi's Global Advisory Board - revealed that the crypto exchange has applied for a trading license with Hong Kong's watchdogs.
He labeled the initiative as a 'major step' and a demonstration that the entity is willing to cooperate with global regulators. He also believes the potential permit will help Huobi establish a 'reliable' platform for Hong Kong users.
Big news for crypto today: @HuobiGlobal has announced that it's applying for a crypto trading license in Hong Kong! This is a major step for the major cryptocurrency exchange and a sign of its continued commitment to operating in a compliant and regulated manner.
— H.E. Justin Sun ??? (@justinsuntron) February 20, 2023
He further announced the launch of a new trading venue in the special administrative region of China called Huobi Hong Kong. It will be 'fully compliant with local regulations and offer a range of trading pairs and services to customers,' Sun assured.
The native token of the exchange - HT - climbed approximately 16% hours after the disclosure. It currently trades at $6, while earlier today, it hit $6.10.
It is worth noting that Sun is...
|Huobi Token Breaches $7 Marker Following Update On This Planned Coin Unv...
Huobi Token (HT), a cryptocurrency trading exchange asset with an overall valuation of $868 million, recorded a significant uptick in its price after an announcement made by Justin Sun, the founder of the Tron blokchain.
According to data from Coingecko, on November 29, the asset went up by 13% and peaked at $7.22 before entering a correction phase that made it return to the $6 territory.
At the time of this writing, tracking from the online crypto information provider indicates the token is changing hands at $6.63, declining by 2.9% during the previous 24 hours.
Still, the altcoin is sitting on a 20% gain over the last seven days and has tallied an impressive 44.3% jump for the past two weeks.
This momentary surge of the Huobi Token might have been triggered by news of plans to launch a new crypto project.
Sun Teases Debut Of Dominica Currency (DMC)
Using his Twitter account, Sun - who was recently appointed by Huobi to be a member of a new global advisory board - announced the launch of the Dominica coin.
The exchange platform confirmed this development with an official statement, saying that the soon-to-be-released digital asset, which will be called Dominica Currency (DMC), will be introduced to the public via the Huobi Prime – the company’s only platform for token offerings.
There was no definite timeline mentioned as to when the new crypto will be available but the Bitcoin exchange said it will be airdropped to their users.
Along this line, Huobi also said ...
|HT Shots Up 7% as Huobi Announced Expansion Plans
The cryptocurrency exchange Huobi Global plans to expand its global presence by investing in Europe, Southeast Asia, and other regions.
The native token of the platform - HT - reacted positively to the news surging by nearly 7% over the past 24 hours.
The Expansion Roadmap
In a recent announcement, the trading venue revealed a new branding strategy, following which 'Huobi Global' will be known as simply 'Huobi.' The firm disclosed that its primary goal for the near future is to return to the top three biggest exchanges in the world.
It also presented plans for a global expansion by investing in numerous areas across the globe, mainly Southeast Asia, Europe, and the Caribbean region. The firm has described the Caribbean as a crypto hub due to its 'welcoming regulatory stance, common law systems, and the use of English language.'
As part of the rebranding, Huobi said it will look for and hire talents in the blockchain industry. For its part, the native token - HT - will stay at the heart of the business strategy.
HT spiked almost 7% shortly after the news to about $4.7. Nevertheless, the asset, similarly to most cryptocurrencies, is far below its all-time high price of nearly $40, registered in May 2021.
Justin Sun Is an HT Whale
One of the most popular names in the crypto space - Justin Sun - admitted last month that he is one of the biggest holders of HT. The Founder of Tron claimed he has 'tens of millions' of tokens, saying he started accumulating in 2013.
Sun is also part ...
|Huobi Token (HT) Records Higher Gains When Top Coins Struggle
The cryptocurrency market is currently experiencing some turbulence, and many coins are struggling to keep up with their peers. However, one coin is bucking this trend and gaining momentum at an impressive rate. Huobi token is on the road to being the most profitable crypto of October. The token has recorded high gains in a market filled with turbulent price actions.
Huobi token's exponential profit comes as news of Justin Sun's advisory role at Huobi Capital surfaces. The popular entrepreneur made several bullish remarks about HT on Twitter which caused the token to surge higher.
Huobi is currently enjoying a massive rally. Its current price action shows that it could end the month even stronger than it started. If it can continue to climb, it will likely reach new highs by November.
Huobi Token Records Massive Gains in October
October is known to be a bullish month for the entire crypto market. It's that one month when every coin experiences a massive increase in value. However, this October has been anything but normal. Many top cryptocurrencies have struggled to maintain their recent gains.
Despite coins like Bitcoin and Ethereum starting out strong, they’re still struggling to keep decent gains. Bitcoin even traded below its $19k mark yesterday. Huobi is also one coin that started October on the wrong foot. However, it quickly turned things around and began climbing again.
The Huobi Token (HT) is currently trading at $9.26. Looking at its price range since t...
|Huobi Token Pumps 77% In Seven Days – What's Behind The Rally?
HT's price shows strength as price cracks 77% gain despite the market displaying uncertainty.
HT bounces from the downtrend as the price breaks out of a descending triangle with strong buy volume.
The price of HT shows bullish signs as the price trades above 50 and 200 Exponential Moving Averages (EMA) with good volume.
The price movement of Huobi Token (HT) is a spectacle to behold after successfully breaking out of its downtrend that has seen the price of Huobi Token (HT) grounded against tether (USDT). Despite the current state of the crypto market facing a new drawback as Bitcoin's (BTC) price dropped from $19,000 to $18,100 as the Consumer Price Index (CPI) suggests an increase in inflation affecting the price of BTC negatively with altcoins affected. HT has been one of the stand-out tokens in this current market run showing so much strength. (Data from Kucoin)
Huobi (HT) Price Analysis On The Weekly Chart
Given the sharp decline in the crypto market after the release of the CPI news, the market appeared to be manipulated, with Bitcoin (BTC) dropping from $19,200 to $18,200 in hours. The market quickly recovered as most altcoins began to show strength, with HT rallying more after breaking out of its downtrend.
After dropping to a low of $3.5 with what has turned into a tough year for HT and other crypto projects, the price of HT bounced from its downtrend movement as price rallied to a high of $7.9.
The price of HT currently trades at $7.6 as ...
|Justin Sun Says He's One of the Biggest Holders of Huobi Token (HT)
The Chinese entrepreneur and Founder of TRON Foundation – Justin Sun - claimed he holds 'tens of millions' of Huobi Tokens.
He also said his new role as a Global Advisor at Huobi could allow him to accelerate the development of the digital asset.
A few days ago, the crypto exchange Huobi launched a Global Advisory Board and invited prominent names from the industry to join it.
One of the individuals was Justin Sun, who was 'very honored' to become a member of the organization and aid its future development.
The newly-established entity, combined with fresh investment funding and the recent acquisition agreement between Huobi and About Capital, boosted the price of the platform's native cryptocurrency - Huobi Token (HT). Currently, it trades at around $7.90, or nearly 90% up compared to its past week's price.
In a recent interview for Bloomberg, Sun revealed he owns massive amounts of the asset, saying he started accumulating in 2013.
'I would see myself as one of the biggest holders' of HT across the globe, he said.
The Chinese raised hopes that his position at Huobi will enable him to boost further the development of the exchange's ecosystem and the native token. He also displayed intentions to expand Huobi's presence in China should domestic watchdogs change their hostile crypto stance in the future.
Sun stated that his team had been closely monitoring tokens of bankrupt entities such as Celsius Network's CEL. As of the moment, though, they have not decided to inte...
|Huobi Token Soars 22% Following Latest Developments (Market Watch)
After yesterday's price dip below $19,000, bitcoin has failed to produce any significant gains and remains stuck around that level.
Most altcoins also sit quietly today. Among the few exceptions is Huobi Token, which has skyrocketed by double digits on a daily scale once again.
Bitcoin Down at $19K
Bitcoin had jumped above $20,500 to mark a three-week high on October 6 but failed to continue upwards and ultimately reversed its trajectory. This came along with the latest US job reports, which, even though beat expectations, pushed BTC south by around $1,000.
Although it tried to recover some ground in the following hours, BTC returned to $19,000 once again and even dipped below it yesterday for the first time in over a week.
Since then, it has been unable to produce any substantial price gains but still stands north of that line. Its market cap is still at $365 billion, and its dominance over the alternative coins is below 40%.
BTCUSD. Source: TradingView
HT Takes Main Stage
The alternative coins have been quite stagnant lately, and the past 24 hours haven't really changed that trend.
Ethereum dipped below $1,300 yesterday, and today's minor increase has not helped the second-largest crypto to go back above that line.
Binance Coin, Ripple, Cardano, Polkadot, Shiba Inu, Tron, MATIC, and Solana have remained essentially at the same price points as they were 24 hours ago.
Dogecoin is slightly in the green, which was probably caused by the latest adoption from an Elon Musk-spearhe...
|Huobi Token Spikes Nearly 30% In Last 24 Hours As HT Seen Rising On Revi...
Huobi has had its ups and downs, just like every other entity in the crypto space. Not surprising. Before the Chinese 2021 ban on cryptocurrency transactions, the COO of the company, Robin Zhu, came under investigation in China for unspecified reasons.
The exchange announced it had lost 920 BTC and 8,100 LTC in a Weibo post in 2014. However, at the time, it was estimated that the exchange may have lost much more - 5,000 BTC and 80,000 LTC.
If something like this happened today, it would cost the exchange $95 million in Bitcoin and $4 million in Litecoin.
Huobi has also been negatively affected by China's ban on virtual currencies. As a result, About Capital decided to acquire the business on October 8 this year. Several days later, the company made public its decision to establish an advisory board with five participants.
Huobi's native token soared following a tweet from Justin Sun, the founder of Tron, who laid down plans for the company's revival.
Going For The Green Option
Prior to the release of the recovery plan, the price of HT was fluctuating near the $4.3395 support level, which has exhibited strength over the past few months. This support level effectively blunted the market drop from May to June, which saw numerous crypto currencies falter.
In August, the token increased by 31% during the course of three days. From August 15 to August 19, the token dropped roughly 21.57%. The following month, the coin pull reversed and form...
|Huobi Token Price Prediction: Break This And HT Price Could Surge To $10
Huobi Token (HT) price started a major increase above $5.00 against the US Dollar. It is now facing a major resistance at $6.85, above which it could rally to $10.00.
Huobi Token price gained over 50% in a few days and broke the $5.00 resistance. The price is now trading above $5.00 and the 100-day hourly simple moving average. There was a break above a major bearish trend line with resistance near $4.50 on the daily chart of HT/USD (data feed via FTX). The pair could rally further to $10.00 if it clears the $6.85 resistance zone. Huobi Token (HT) Price Rallies over 50%
Huobi Token formed a strong base above the $4.00 zone. HT price started a fresh rally above the $4.20 and $4.50 resistance levels. The bulls were able to push the price above the $5.00 resistance and the 100-day hourly simple moving average.
During the rally, there was a break above a major bearish trend line with resistance near $4.50 on the daily chart of HT/USD. The price gained pace and was able to clear the 38.2% Fib retracement level of the main drop from the $9.93 swing high to $3.78 low.
It is up over 25% in a day (unlike bitcoin and ethereum) and surpassed the $6.00 resistance level. It is now facing a strong resistance near the $6.85 level. The stated resistance is near the 50% Fib retracement level of the main drop from the $9.93 swing high to $3.78 low.
Source: HTUSD on TradingView.com
The next major resistance sits near the $7.50 level. A close above the $6.85 and $7.50 levels could pump the pri...
|3 Reasons for Huobi Token (HT) Price Surge Today
Huobi Token (HT) - the native cryptocurrency of Huobi Global - spiked by approximately 18% hours after Justin Sun confirmed he will take an advisory role in the exchange.
The recently announced Global Advisory Board will aim to guide the company's business efforts and expansion plans, as well as receive a fresh investment.
Huobi announced the establishment of the new unit yesterday (October 9th) and immediately invited some industry leaders to join it. One of those individuals was the Chinese entrepreneur and Founder of TRON Foundation - Justin Sun.
Shortly after, he said he was 'honored' to join the exchange describing it as an 'innovative, vibrant, and resilient organization in its latest chapter of global expansion.'
The other four names appointed as advisors in Huobi were Ted Chen (CEO of About Capital Management (HK) Limited), Du Jun (Co-Founder of Huobi Global), Wang Yang (Vice President of the HKUST), and Leah Wald (CEO of Valkyrie Investments).
Despite joining the trading venue as an advisor, Sun denied the rumors that he will buy a $1 billion stake in it.
Meanwhile, speculations indicated that FTX's CEO - Sam Bankman-Fried - could purchase that chunk of the company. The American, though, rejected this as well in his latest tweet.
During the weekend, the company also announced fresh investment funding that should help it stabilize its operations following the recent turmoil.
The platform's native token - HT - reacted positively to the news. It jumped from $4 to $5.2 ...