Huobi Token Price Prediction – HT Surges 7%, How High Can It Go?

The Huobi Token (HT) is one of the most prominent tokens in the crypto market, with a 7% increase in its price in the last 24 hours. However, is now really the best time to invest in HT?

Evolution of the price excluding VAT

Huobi Token is currently trading at $7.73, an increase of about 7% over the past 24 hours. The token is trading above most of its moving average (MA) indicators except for its 200-day MA which is $7.80.

1666198903 537 Huobi Token Price Prediction HT Surges 7 How High

A positive Moving Average Convergence Divergence (MACD) is a buy signal for HT, and the Relative Strength Index (RSI) of 53.34 shows that the token is underbought.

The success of the takeover operation enthuses the market

As an exchange token, developments within the Huobi platform should boost the price of HT. Indeed, during this month, the exchange entered into a repurchase agreement.

A official announcement shared a few weeks ago confirmed that Hong Kong-based asset management firm About Capital Management had become Huobi Global’s majority shareholder following a successful takeover.

The redemption fee, which has not been disclosed, makesAbout Capital Management Huobi’s largest shareholder. The asset management company plans to fuel Huobi’s international brand promotion and business expansion. The first action of the owners will transform the very structure of the trading platform. Huobi also stressed that the leadership change in no way represents a change in its core business or management structure. However, the Exchange has confirmed that it is considering moving its operational base out of China.

Indeed, the China is no longer a host country for cryptocurrencies. The Chinese government has hardened its stance on cryptocurrencies over the past few years. Because of this, Huobi and About Capital believe that now is the time to move to a base with more welcoming cryptocurrency laws.

Justin Sun joins Huobi advisory board

As part of its governance overhaul, About Capital plans to create a strategic advisory board led by personalities industry to help steer Huobi in the right direction.

It is in this context that the company carried out its first strategic recruitment this week, welcoming the entrepreneur in cryptocurrencies Justin Sun. Speaking to Bloomberg Earlier this week, Sun confirmed he had been asked to join Huobi’s advisory board, adding that he had also bought millions from HT. Sun, who founded the blockchain network TRON, pointed out that he has not yet acquired a stake in Huobi.

IMPT: ideal for investors looking for profitability

Although HT has impressive prospects, it is not the only crypto asset to offer profitability to investors. One token that has been in high demand from investors is the token IMPT, currently on presale.

IMPT, blockchain-based from Ethereum, is the native token of Project Impact, a platform that supports sustainability efforts around the world and helps users purchase carbon credits. The token is currently available for presale at $0.018 per coin.

Visit IMPT now

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Huobi Token Price Prediction – HT Surges 7%, How High Can It Go?

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