Huobi Token (HT) remains one of the more established utility tokens in the cryptocurrency ecosystem, originally launched to power operations within the Huobi Global exchange. While its market presence has evolved over time, HT continues to offer value through exchange-based utilities, governance rights, and ecosystem incentives. This comprehensive overview explores the current state of Huobi Token — from price trends and market data to technical analysis and long-term investment potential.
Current HT Price and Market Performance
As of the latest update, Huobi Token (HT) is trading at $0.1590**, with a 24-hour trading volume of **$1,511,221. The price opened at $0.1590 today, showing no significant movement over the past day. Despite brief rebounds, upward momentum remains limited, indicating a period of consolidation or bearish sentiment in the short term.
Compared to its all-time high of $36.80, HT has experienced a staggering decline of -99.57%, reflecting broader market shifts and reduced speculative interest in exchange-based tokens since their peak popularity.
Over the past 30 days:
- Highest recorded price: $0.2219
- Lowest recorded price: $0.1230
- Current price reflects a -28.38% drop from the 30-day high
- A +29.27% increase from the 30-day low
In the last 52 weeks, HT has traded between $0.1230 and $1.37, suggesting ongoing volatility but limited breakout potential under current market conditions.
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Market Capitalization and Supply Metrics
HT operates as an ERC-20 token on the Ethereum blockchain, with a circulating supply of 162,233,844 tokens, ranking it around #588 by market cap. The current market capitalization stands at $25,795,181, calculated using circulating supply rather than maximum or total supply.
Fully Diluted Valuation (FDV), which assumes all future tokens are in circulation at the current price, remains aligned with market cap due to fixed issuance parameters.
Despite its reduced valuation, HT maintains active trading across four major cryptocurrency exchanges, ensuring liquidity and accessibility for retail and institutional investors alike.
Huobi Token ICO and Historical Fundraising
HT was initially distributed during a public token sale in early 2018:
| Detail | Information |
|---|---|
| ICO Status | Completed |
| ICO Start Date | January 24, 2018 |
| ICO End Date | February 28, 2018 |
| ICO Price | $1.52 per HT |
| Funds Raised | $300,000,000 USD |
| ICO Token Allocation | Not publicly specified |
This successful fundraising round positioned Huobi as one of the leading centralized exchanges during the bull market of 2017–2018, enabling global expansion and platform development.
Wealth Distribution: Centralization Concerns
A critical aspect of any cryptocurrency's health is its token distribution. For HT, wealth concentration raises some concerns:
| Holder Range | Tokens Held | Percentage of Supply |
|---|---|---|
| Top 1–10 addresses | 493,786,841 HT | 98.76% |
| 11–100 addresses | 2,687,181 HT | 0.54% |
| 101–1,000 addresses | 2,376,819 HT | 0.48% |
| Others | 1,149,159 HT | 0.23% |
The top 10 wallets control nearly 99% of the total supply, indicating extreme centralization. While some of these addresses likely belong to exchange cold wallets or official project reserves, such concentration can influence price stability and market perception.
Contract Address: 0x6f259637dcd74c767781e37bc6133cd6a68aa161
Blockchain Activity and User Engagement
On-chain metrics provide insight into real-world usage and community engagement:
- Transactions in last 24 hours: 8
- Average hourly transactions: 0.33
- Total token holders: 48,311
- Token transfer events: 634,954
- Top 100 holders own: 496,483,144 HT (~$78.9 million), representing 99% of total supply
Low daily transaction volume suggests limited use beyond exchange-based utility or speculative trading. However, consistent holder numbers indicate a stable core investor base.
ROI and Volatility Analysis
Investor returns have been challenging over recent periods:
| Metric | Value |
|---|---|
| ROI since ICO | -89.54% |
| 3-Month ROI | -62.22% |
| 6-Month ROI | -79.22% |
| 12-Month ROI | -29.94% |
| Max Drawdown | -99.69% |
| Win Rate (consecutive profitable days) | 48.81% |
Annualized volatility stands at 311.69%, highlighting extreme price swings and risk exposure. Shorter-term volatility:
- 3-month: 70.53%
- 6-month: 109.74%
These figures suggest HT is unsuitable for risk-averse investors and better suited for experienced traders comfortable with high-beta assets.
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Technical Indicators: Bearish Outlook
Technical analysis across multiple indicators points to sustained downward pressure:
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 46.21 | Neutral |
| CCI (20) | -47.96 | Neutral |
| ADX (14) | 50.51 | Sell |
| Williams %R | -49.86 | Neutral |
| Ultimate Oscillator | 50.51 | Neutral |
Moving averages uniformly reflect bearish momentum:
- SMA(10): $0.1630 → Sell
- EMA(10): $0.1624 → Sell
- All SMAs up to 200-day ($0.4370) remain above current price
- EMAs also show consistent sell signals across timeframes
With no near-term moving average support below current levels, upside resistance appears strong unless macro conditions shift.
Frequently Asked Questions (FAQ)
What is Huobi Token (HT) used for?
HT serves as a utility token on the Huobi ecosystem, offering benefits such as reduced trading fees, participation in token sales (LaunchPad), voting rights in platform decisions, staking rewards, and access to premium services.
Is HT built on Ethereum?
Yes, HT is an ERC-20 token issued on the Ethereum blockchain, enabling compatibility with wallets and decentralized applications that support Ethereum standards.
How many HT tokens are in circulation?
The current circulating supply is 162,233,844 HT, with no indication of further inflationary issuance.
Can HT reach its all-time high again?
Given its current price of $0.1590 versus an all-time high of $36.80, a full recovery would require a 23,000%+ increase — highly improbable without radical changes in market dynamics, exchange adoption, or tokenomics restructuring.
Is Huobi Token a good investment?
HT carries high risk due to low trading activity, centralized ownership, and prolonged bearish trends. It may appeal to speculative traders or those bullish on Huobi’s long-term survival and revival in competitive markets.
Where can I buy Huobi Token (HT)?
HT is available on several cryptocurrency exchanges globally. Always verify platform legitimacy and security before trading.
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Final Thoughts
Huobi Token represents a legacy asset from the golden era of exchange-based tokens. While it once held significant influence alongside Binance Coin (BNB) and OKB, its relevance has diminished amid regulatory scrutiny on Huobi Global and declining user engagement.
Nonetheless, HT remains a live project with defined utilities and a dedicated user base. For investors willing to navigate high volatility and centralization risks, it may present niche opportunities — particularly during broader market recoveries.
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As always, conduct thorough research and consider portfolio diversification before investing in low-cap, high-risk digital assets like HT.