Huobi Token Gains 24.1% In A Month On Its Native Exchange

Steve Anderrson
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic
  • Huobi token has gained 24.1% on its native exchange this month; it previously recorded 65.43% gain in January.
  • Huobi Token has given a negative performance against BTC with an average decrease of 4.34%, at the start of the month HT v/s BTC was at 0.00038157 BTC.
  • HBDM Perpetual Contract has started its testing phase and is planned to be released this year.

Huobi token has gained 24.1% on its native exchange this month; it previously recorded 65.43% gain in January. In November the previous year, it climbed down by 12.73% month upon month.

In this month, the Huobi Token started to trade at $2.754 and managed to gain until $3.4057, and now when Huobi Global released the official report of the new climb Huobi Token (HT) had gained to $5.0186.

IT calls to say it gained over 24% against USD this month. However, Huobi Token has given a negative performance against BTC with an average decrease of 4.34%, at the start of the month HT v/s BTC was at 0.00038157 BTC and at the end of the month, it plummeted down to 0.00036499 BTC but recorded an average price of 0.00049038 BTC.

The Huobi Global has enveloped on new features to increase the performance of HT, the token’s destruction cycle is changed from quarterly to monthly cycles effective from January 2020. A trade datasheet will be available for the users on the website to understand the token behavior over the new cycles.

The Huobi Token is now added to the Huobi VIP equity system, which makes the holding of the HT gain Huobi EXP value. The exchange platform has promoted the construction of ecological systems.

A new feature called Dust Sweep is integrated since the 16th of January to achieve more convenient and fluent exchange, holding small balances with Huobi Token. This year the platform has also added an extra feature of gaining a 40% discount using the Travala website for transportation and hotel booking. It is creating more enterprise application gateways.

The Huobi Testnet is planned to be launched this year, which will have a new strategic layout to bridge between Huobi Chain and new rules. HBDM Perpetual Contract has started its testing phase and is planned to be released this year.

A new margin trading function will be implemented in March for HT holders’ margin trading needs. A new Huobi pool will be initiated to support the one-click exchange of HPT airdrops and Huobi Token.

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