It is not a strange case to have exchange markets releasing their own coins. That is how Huobi, enjoying the reputation if one of the most wanted exchange markets when it comes to listing, issued its own native token, called Huobi Token (HT). The main reason for being interested in this token is the fact that Huobi Token is doing more than well in the market at the current moment, even though the market is going down with the latest trend of having the majority of currencies being traded in the red. Let’s see how Huobi is doing these days as well as determine what Huobi’s native token has to offer to the public.
Everything to Known about Huobi Token (HT)
It is easy to determine that Huobi is focused on attracting big-time investors, motivating them to invest in Huobi Tokens, which is clearly a case since HT is doing amazingly well in the market while trading in the green, even though the majority of currencies are being traded in the red.
Apparently, the platform has set up a requirement for investing in HT units, by having determined the minimal amount of HT available per single purchase. All investors are allowed to invest in a minimum of 100 HT tokens, which is actually a fantastic way of establishing stability for their native token, at the same time allowing acquiring a solid level of liquidity in the market.
Actually, precisely this moment where all investors are required to invest in a minimum of 100 Huobi Tokens, is one of the main reason to have HT progressing at such a prompt pace of growth.
This fact, in addition with the fact that Huobi Token (HT) is backed up with one of the most competitive exchange markets in the crypto community, are the most probable reasons for having Huobi sky-rocketing at such a fast rate.
What Huobi Token has to offer, and what not many coins do, is the level of solid volatility that is assured with this token. This is the case because the team behind HT has promised to but off great portions of Huobi Tokens in the following months, performing the initial re-purchasing of the circulating tokens on a quarterly basis.
That is how all investors can make sure that they are, in a portion, safe from losing their investment.
In addition to offering string level of volatility and liquidity in the market, Huobi is aiming at attracting only big-time investors instead of focusing on holders who are more likely to look upon Huobi Token as a short-term tool for making a small profit. That is precisely why they have set the minimum of 100 HT units per one purchase, that way making sure that they are dealing with serious investors.
It seems that their strategy is working since HT is going up against the dollar despite the latest market trend of having the majority of tokens and coins going down against this fiat currency.
Huobi Token and the Market
Although ranked as 114th on the global coin ranking list, still being a newbie in the market, Huobi Token (HT) doesn’t have more than 158 million dollars in its market capitalization.
Although this might not sound as impressive when compared to other currencies that count several billion dollars in market cap, it is a pretty big deal for this young token.
In the course of two months, although the majority of the market was struck by a massive market crash, Huobi has managed to collect some gains even during March, while it thrived with rebounding currencies in April as the market trend was slowly changing in a positive way.
Moreover, HT did amazingly in April while managing to collect around 83% of gains during the course of the last 30 days, that way showing almost an unbreakable stability against the market and when compared to its much “older and experienced” peers.
In the course of the last two weeks, HT has acquired a set of gains that went up to almost 40% against the dollar, while it went up while trading in the green by 21% in the last seven days, which was a massive success as not many currencies can brag about having such a smooth rate of gains during the last couple of days as the majority of coins are going down against the dollar.
Following the latest change in the market, HT has gained an amazing rise of over 17% against the dollar, while trading in the green, possibly making it the token of the day. In addition to this rise, Huobi Token is also rising up against BTC for 15%.
After the latest change in the market, Huobi Token (HT) can be traded at the price of 3.21$ per one unit.