Huobi Token (HT) remains a notable digital asset within the broader cryptocurrency ecosystem, primarily recognized as the native utility token of one of the earliest global crypto exchanges. While not as dominant in market visibility as it once was, HT continues to serve functional roles across trading, fee discounts, and platform governance. This comprehensive overview explores HT’s current price dynamics, historical performance, technical indicators, and market positioning—offering valuable insights for investors and crypto enthusiasts alike.
Current Price and Market Overview
As of the latest data, Huobi Token (HT) is trading at $0.1590**, with a 24-hour trading volume of **$1,511,221. The price has remained flat over the past day (0% change), indicating low short-term momentum. However, longer-term trends reveal more volatility:
- 7-day change: Data not available
- 30-day change: -20.50%
- 1-year change: -33.85%
When measured against other major cryptocurrencies:
- HT is down 0.15% against BTC in the last hour and up 0.65% over 24 hours.
- Against ETH, it declined by 0.54% hourly but gained 1.83% daily.
Despite brief rebounds, HT has struggled to sustain upward movement. It's currently 99.57% below its all-time high of $36.80**, reached during the 2018 bull run. Over the past 52 weeks, its value has fluctuated between **$0.1230 (low) and $1.37 (high), highlighting significant price instability.
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Supply and Market Capitalization
HT operates on the Ethereum blockchain as an ERC-20 token. Its current circulating supply stands at 162,233,844 HT, placing it around rank #588 by market cap. With a current market value of approximately $25.8 million, HT falls into the small-cap cryptocurrency category.
The fully diluted valuation (FDV), which assumes all tokens are in circulation, is calculated based on total or maximum supply multiplied by the current price. Although exact max supply figures aren't always disclosed, FDV provides investors with a forward-looking estimate of potential market size if all tokens enter circulation.
Initial Coin Offering (ICO) Performance
HT was launched through an ICO that ran from January 24, 2018, to February 28, 2018. Key details include:
- ICO price: $1.52 per HT
- Funds raised: $300 million USD
- ICO status: Completed
This successful fundraising round positioned Huobi as a major player in the exchange space during the initial wave of utility tokens. However, early investors have seen a negative return on investment (ROI: -89.54%) due to the prolonged bear market and reduced exchange activity.
Wealth Distribution and Holder Insights
A critical factor in assessing any cryptocurrency’s decentralization and risk profile is its wealth distribution. For HT:
- The top 10 wallets hold 98.76% of the total supply.
- Ranks 11–100 control only 0.54%, while the next tier (101–1000) holds 0.48%.
This highly concentrated ownership raises concerns about centralization and potential market manipulation. Many of these top addresses likely belong to exchange-controlled wallets or institutional holders rather than individual users.
Additional blockchain metrics:
- Number of token holders: 48,311
- Total token transfers: 634,954
- Transactions in last 24 hours: Just 8
- Average hourly transactions: ~0.33
These low transaction volumes suggest limited on-chain activity, reinforcing the notion that HT is primarily used as a passive exchange utility token rather than an active payment or DeFi instrument.
ROI and Volatility Analysis
Volatility is a defining trait of small-cap altcoins like HT:
| Period | ROI | Volatility |
|---|---|---|
| 3 months | -62.22% | 70.53% |
| 6 months | -79.22% | 109.74% |
| 12 months | -29.94% | 311.69% |
The maximum drawdown recorded is -99.69%, underscoring extreme downside risk. Despite occasional rallies, long-term holders face substantial uncertainty.
Frequently Asked Questions (FAQ)
Q: What is Huobi Token (HT) used for?
A: HT serves as a utility token on the Huobi exchange, offering benefits such as trading fee discounts, participation in token sales, voting rights in platform decisions, and access to premium services.
Q: Is HT built on Ethereum?
A: Yes, HT is an ERC-20 token issued on the Ethereum blockchain, enabling compatibility with wallets and decentralized applications that support ERC-20 standards.
Q: Can HT reach its all-time high again?
A: Given current market conditions and adoption trends, a return to $36.80 appears highly unlikely in the near term. Sustained growth would require significant platform innovation, increased user engagement, and broader market recovery.
Q: How many exchanges list HT?
A: HT is currently traded on four active exchanges, though liquidity varies significantly across platforms.
Q: Is HT a good investment?
A: HT carries high risk due to its concentrated ownership, low trading volume, and history of steep declines. It may appeal to speculative traders but isn’t ideal for conservative investors seeking stable returns.
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Technical Indicators: Short-Term Outlook
Technical analysis suggests continued bearish pressure on HT:
- RSI (14): 46.21 — Neutral, nearing oversold territory
- Commodity Channel Index (20): -47.96 — Neutral
- Average Directional Index (14): 50.51 — Indicates strong trend strength, currently signaling sell
- Moving averages (SMA/EMA) across all timeframes—from 10-day to 200-day—are positioned above the current price, reinforcing a downtrend
All moving averages show sell signals, suggesting that resistance levels remain strong and recovery momentum is lacking.
Historical Performance Trends
Over the past 30 days, only about 948 HT transactions occurred—averaging just over 31 transactions per day. This minimal on-chain movement reflects declining user engagement compared to earlier years when Huobi was among the top global exchanges.
Quarterly and monthly return data further illustrate underperformance relative to both Bitcoin and broader altcoin indices.
While Huobi Token no longer dominates headlines, understanding its metrics offers insight into how exchange-based tokens evolve post-bull cycle. For traders monitoring undervalued assets or studying exchange ecosystems, HT presents a case study in longevity amid adversity.
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