NewsletterHuobi Token Rises By 22%: Here’s Check Why
The Huobi Token (HT) rises by 22% in the last 24 hours. HT coin from a low of $3.70 on November 13 to a price of $7.16 at the time of publication. Just after a run on FTX that resulted in the exchange filing for Chapter 11 bankruptcy, cryptocurrency token prices have had a rough few weeks. However, signs of recovery are emerging as the industry works to recover from the scandal. The HT is one such offering that is leading the charge back to health.
The reason behind Huobi Token price rise
The company recently announced a brand update as well as a new global expansion roadmap previously in the week. On October 8, founder Leon Li announced the sale of the exchange’s entire controlling stake to Hong Kong-based About Capital Management. This could be one of the reasons behind the price hike of Huobi Token (HT)
As part of the reorganization, Huobi issued a press release on Nov. 22 announcing a new direction for the exchange. It mentioned rebranding the company and “giving full play to HT’s important strategic attributes.”
The press release went on to say that Huobi will use HT to allow holders to vote for “high-quality projects” to be listed on the platform. Huobi also mentioned expansion typically in areas with high growth potential, such as South East Asia and Europe. While also considering mergers and acquisitions.
Recently as per the WuBlockchain report on Twitter, Justin Sun-backed exchange Poloneix will merge with Huobi exchange. Notably, Justin Sun recently acquired Huobi exchange
Current position of Huboi Token
With a 24-hour trading volume of $27,778,828 USD, the current live Huobi Token price is $7.67 USD. Over the past 24 hours, Huobi Token has increased by 22%. Notablly Huobi Token is also top gainer in last 24 hours. There are 153,357,694 HT coins in circulation, with a maximum supply of 500,000,000 HT coins.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Bitcoin Eyes Fresh Demand as Indiana Advances Bill for Crypto Investments
- Crypto Bill Markup Unlikely This Month Amid DeFi, Stablecoin Yield and Conflict Disputes, Expert Says
- Breaking: U.S. PCE Inflation Rises To 2.8%, Bitcoin Climbs
- Michael Saylor Opposes Zcash-Style Privacy for Bitcoin, Citing Shutdown Risk
- Crypto Exchange Bitget Unveils Major GetAgent AI Overhaul With Faster Insights
- Solana Price Outlook: Reversal at Key Support Could Lead to $150 Target
- Is Cardano Price at Risk of a 50% Crash Ahead of the Midnight Launch?
- Chainlink Price Prediction as Reserves Pass 1M LINK – Is $20 Next?
- Ethereum Price Breaks Out of Falling Wedge: Next Target Now Set at $5K
- Is ZCash Price Set for a Bigger Rally After Its 10% Surge on the Bitget Listing?
- Aster Price Outlook as Buyback Wallet Burns 77.86M ASTER Worth $79.81M
