Huobi Token shoots 10% in 24 hours; Here's why

Although most of the cryptocurrency industry is still feeling pain from the crisis induced by the liquidity crunch and scandals surrounding the crypto trading platform FTX, some digital assets are recording gains, including Huobi Token (HT).

Timeline of Huobi-token

A representative of the company has reportedly already spoken with Roosevelt Skerrit, the prime minister of Dominica, as the two parties want to work together to improve the nation's crypto infrastructure.

Days after Huobi Global announced the delisting of HUSD from its platform, the stablecoin has seen a decline in its price, leading to a significant slip in its $1 parity.  HUSD tanks by 23% in a day Data from CoinMarketCap revealed that the stablecoin has tanked by more than 20% over the last 24 hours.

Top executives at Huobi have reportedly resigned after Justin Sun's takeover. The post Huobi Top Executives Reportedly Resign as Justin Sun Takes Over appeared first on BeInCrypto.

The cryptocurrency market is currently experiencing some turbulence, and many coins are struggling to keep up with their peers. However, one coin is bucking this trend and gaining momentum at an impressive rate.

With the entire virtual assets industry currently operating against a bearish backdrop, it is fairly unusual to observe significant price surges for any asset, especially within a short period of time. The two virtual asset mainstays, Bitcoin and Ethereum, have seen their prices drop by 0.62% and 4.7% on average respectively over the past month.

Following a series of major moves, the price of Huobi Token (HT), the platform token issued by the world's leading virtual asset exchange Huobi Global, has grabbed the attention of many investors, due to a near doubling in price within the space of a week.

Huobi Global has seen its native token HT surge up to 70% in the last 30 days, following the arrival of Tron founder Justin Sun as an advisor to the crypto exchange. The post Huobi token up 70% in the last 30 days, following Justin Sun's arrival appeared first on CryptoSlate.

The price movement of Huobi Token (HT) has somewhat seen miracles given its price movements of late. HT's price showed strength as the price cracked more than 70% gain despite the market displaying uncertainty.

HT's price shows strength as price cracks 77% gain despite the market displaying uncertainty.  HT bounces from the downtrend as the price breaks out of a descending triangle with strong buy volume.

Huobi Token's [HT] 86% increase in the last seven days seems to have taken another turn, thanks to some revelation by Justin Sun. According to the Poloniex CEO, he might be the biggest HT holder as Huobi Global finalizes a new ownership transfer.