The crypto market has been crashing significantly today. However Huobi Token (HT), the native cryptocurrency of the crypto exchange Huobi Global, managed to defy the trends and started gaining. The HT crypto managed to gain over 10% in the market trading session today.
What Is Huobi Token?
The Huobi Token CoinMarketCap page mentions that it is:
“The native token of the cryptocurrency exchange Huobi Global. It is a decentralized digital asset based on the Ethereum blockchain and is ERC-20 compliant. HT’s value is in part reliant upon the reputation of the Huobi crypto exchange, yet other factors also have an impact.
It is a relatively young project. It first launched in January 2018, hot on the heels of the release of a native token on rival crypto exchange Binance. Having its own token allows Huobi to build a flexible marketing strategy in order to attract new users and further grow its platform.”
Huobi Token Price Today
According to the real-time data from the Huobi Token CoinMarketCap page, the HT crypto’s price was up by 10.26% and traded at $7.19 at the time of writing on Thursday, October 13, 2022. The market capitalization of the token was $1.01 billion, up by 10.30%. However, there was only one downside of HT’s performance today. The 24-hour trade volume was down by 2.66% and stood at $80.22 million.
The day’s high was much higher than the Huobi Token price today at press time. The peak of the day was recorded at $7.54 as the crypto recovered from a low of $6.19. In addition, after the recent news of Huobi Global Founder Leon Li selling his major stake in the company, the Huobi Token price prediction rating was revised, and it is now expected to reach about $10 by the end of this year itself.
About Huobi Global
The crypto trading platform, Huobi Global, defines itself as one that allows:
“100 million households around the world own digital assets. Founded in 2013, Huobi Group is a world-leading company in the digital economy industry, with a mission to make breakthroughs in core blockchain technologies and integration of blockchain technology with other industries. Surrounding the upstream and downstream sectors, Huobi Group has expanded into industry blockchain, public chain, digital assets trading and wallet, digital economy research, etc., and has established a global industry ecosystem for the digital economy.
With the principle of globalization, professionalism, compliance, and diversification, Huobi Group is dedicated to providing safe and trustworthy Internet of Value (IoV) services to its tens of millions of users in more than 100 countries and regions.”
Huobi Global lists over 400 cryptocurrencies including the crypto behemoths Bitcoin (BTC) and Ethereum (ETH). Therefore, it is one of the loved platforms when people want to consider more options to trade in cryptocurrencies.