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Huobi Token Turns Head as It Sees Over 20% Price Increase

Published 10/12/2022, 08:20 AM
Updated 10/12/2022, 08:30 AM
Huobi Token Turns Head as It Sees Over 20% Price Increase

  • BTC is one of the many cryptos currently in a slump.
  • ETH is also struggling as it dropped below $1,300 yesterday.
  • Huobi Token is currently trading at $6.46 after a 23.66% price increase.

Things have been going slow for the crypto market in general over the last few days. However, the same cannot be said for Huobi (HT), as the crypto saw a huge price spike over the last 24 hours.

Bitcoin (BTC) is one of the cryptocurrencies in a bit of a slump. Although the crypto market leader was able to climb to a three-week high of $20,500 on October 6, it is now once again around the $19,000 mark. BTC even dipped below $19,000 yesterday for the first time in more than a week.

BTC’s competitor, Ethereum (ETH), is not faring any better as the altcoin dipped below $1,300 in the past day. Today’s minor increase in price is also not doing much in terms of progress.

Some of the biggest altcoins like Binance’s BNB, Cardano (ADA), Polkadot (DOT), Shiba Inu (SHIB), Tron (TRX), Polygon (MATIC), and Solana (SOL) have all essentially remained at the same price point as yesterday.

Dogecoin (DOGE) is one of the only cryptos at the moment that is showing some progress as the meme coin is almost 2% in the green over the last day.

Huobi Token / Tether US 1D (Source: CoinMarketCap)

One altcoin, however, stole the show. According to the market tracking website CoinMarketCap, Huobi Token (HT) is currently trading at $6.46 after a decent 23.66% price increase over the last 24 hours. The altcoin is also more than 50% in the green over the last week.

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In addition to this, HT was able to strengthen against BTC and ETH over the last day by about 24.23% and 23.22% respectively.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

The post Huobi Token Turns Head as It Sees Over 20% Price Increase appeared first on Coin Edition.

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