HT aims for moon after going 130% against BTC
Huobi Token, the native cryptocurrency of the global exchange of the same name, has gained 130% against Bitcoin in the past two weeks. Inspired by statements from Huobi’s new leader, Justin Sun, HT continues to rise without stopping or improving.
It seemed that the initial HT hype ended after the earth-shaking news of Justin Sun’s assumption of leadership at Huobi and his announcement of plans to expand HT’s capabilities and make it the world’s top three exchange. The cryptocurrency then pumped up 90%, where it seemed to be headed for at least a correction. However, in the last two days, the price of HT has started to rise again and has added 16% to its price since Friday.
Among the recent major announcements was the merger of Huobi’s Heko network with Justin Sun’s TRON and BitTorrent networks, with a capital investment to encourage developers of these networks to work together.
Huobi Token (HT) price action and perspectives
The all-time high for HT is the price of $40, which was reached in May 2021, 78% above current levels. HT’s capitalization then reached $6 billion, which, compared to the token capitalization of Huobi rivals, FTX (FTT) and Binance (BNB), seems incomparably small.
HT is now capitalized at $1.3 billion, when FTT crossed the $3 billion milestone and BNB became $44 billion. If the plans of the Sun not only remain in his mind, but will also occur in real life, then the potential upside shape is obvious. Nevertheless, it is only a possibility.
