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In spite of sellers stepping up, Huobi Token keeps climbing as founder gets chosen as CEO of Pantronics Holdings


Huobi Token is ranked at #15 underneath TRON and LEO in the market. The price grew at a rate of 3.62% in the course of the past 24-hours. The trading volume recorded is $114.548 million, while the supply has 245,755,637 HT tokens in play at present. The total market cap of Huobi Token is $1.024 billion. HT is priced at $4.17.

Around 2 weeks ago, the market cap of this digital currency suddenly jumped up from roughly $230 million and went beyond $1 billion. A recent press release states that Leon Li, who was instrumental in establishing the Huobi Group, has been selected as the CEO, the executive director and board chairman of Pantronics Holdings Ltd.

According to the chart linked to the HT/USDT pair on tradingview, buyers are in complete control of this exchange based token. The 4-hourly RSI is heading upwards and currently stands at 65.74. The MACD line has ventured north of the signal line from 10th September. Similarly, the Awesome Oscillator peaks are green and remain above the zero line.

Resistance may play a role near the $4.195 mark, support lies near the $3.973 level. Bullish momentum for the asset is expected to continue for the next couple of days. More than 3 weeks ago, information tied to digital identities of people on Huobi was being auctioned off amongst hackers. In a similar manner, the Binance hack led to many having their identities divulged.

This isn’t the first time that centralized exchanges have been attacked. BNB and HT both rank in the top 20 list on coinmarketcap.

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.