HT Price Analysis October 2022
HT is a token of the platform Huobi. Its current price is around $7.41 at the time of writing, with a low of $3.84, and it has a market cap of 1.1 billion dollars.
What is HT?
HT is the coin of the Huobi platform, which is around $7.41 at the time of writing, with a low of $3.84. It reached a high of $11.63, and its current ranking is #46, according to CoinMarketCap, with a market cap of 1.1 billion dollars.
HT Coin Market Analysis
HT has a total supply of 500,000,000 coins worth around $7.41 with a market volume of 45 million dollars, whereas the market capitalization is 1.1 billion dollars at writing. The Huobi demonstrates how they can survive the bad cards they dealt with with the crypto crackdown in China, hiring international offices and expanding to more countries.
An asset management company in Hong Kong has agreed to buy Huobi, and this news follows rumors of the founder, Leon Li, wanting to sell his 60% stake. The CEO of Capital Management, Ted Chen, says that the Huobi acquisition is a significant milestone for the industry. However, he also says that Huobi is still in its early development stage, with plenty of room for growth.
Recently, Justin Sun, the founder of Tron, became a member of Huobi’s global advisory board. To show his support and receive more tokens as compensation, he also transferred some tokens to Tron and vested his interest in the company. As a result, the Huobi exchange has everything it needs for success, and it’s true that as we see more bitcoin adoption, the outlook for this company looks bright from a business point of view.
HT Price Prediction
In the 4H timeframe, the price action of $HT/USDT has formed a double-top pattern. If the price reaches the neckline and breakdown successfully, it can go down after a retest.
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Discipline and Patience are the most critical components of a successful trade. According to the above analysis, the coins we discussed might make you decent gains if other market conditions prevail favorably. Again, it’s your hard-earned money that you’ll be using. Do Your Own Research before investing.
Disclaimer: Our analysis is for educational purposes.