Huobi Token (HT) has risen slightly over the past 24 hours, once again surpassing $4.72.
However, many are wondering if prices will stabilize beyond this level, or if prices will continue their long-term downward trend.
Market volatility over the past few days has been high, especially HT traded on the FTX exchange rear Justin Sun promised to bail out HT holders 1:1Some support this, others think it’s just a marketing gimmick.
Nevertheless, HT’s long-term trend has been on a downtrend since the token hit all-time highs last May.
HT Token has recovered somewhat, but has not established beyond meaningful support and has not seen a significant rally to justify its recent price increase.
Can Justin Sun’s leadership turn Huobi around?
Overseas exchanges are often subject to varying degrees of regulation, and crypto company regulation varies by jurisdiction, so different locations have different opportunities.
There are all sorts of ways an exchange can improve, and Huobi is a very important decision to make given its global outlook. Huobi was founded in China and has offices in the United States, Hong Kong, South Korea, and Japan.
Binance Leads Exchanges
of all exchanges in the crypto spaceBinance emerged from this market and became the dominant market.
BNB is the 3rd largest cryptocurrency by market cap and BUSD is the 3rd largest stablecoin by market cap. It has so many licenses in more jurisdictions than any other exchange in the world.
The Huobi token has some utility, but it lags far behind big players like Binance.
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