In this guide, we will express our opinion and that of the market on the future HT as we discuss Huobi token price predictions for 2023 and beyond.
Keep in mind that you should take this and any other forecast with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a new highly volatile financial asset like Huobi Token.
Now, let’s get into it.
Before we delve into the Huobi token price prediction and answer the questions of whether HT is a good investment or not, why HT will succeed or fail, or why the Huobi token price will rise or fall, let’s quickly take a look at what HT is and its history to date.
What is Huobi Token
Huobi Token (HT) is the native cryptocurrency of the Huobi Global exchange. It belongs to a group of cryptocurrencies often referred to as exchange tokens.
Huobi is a Singapore-based cryptocurrency exchange created in 2013 by former Oracle engineer Leon Li. Originally based in China, the Huobi Foundation expanded to Singapore, South Korea, and Japan following China’s 2017 Bitcoin trade ban. Huobi currently supports over 280 cryptocurrency markets, with over $350 billion worth of crypto tokens traded daily, making it the third largest cryptocurrency exchange in the world.
Advantages of Huobi token
Huobi Token offers users several benefits. Many of these benefits are familiar to other tokens originated by the exchange, such as BNB. However, others are unique to HT and are designed to drive liquidity, demand, and ultimately price.
- Users can use HT to purchase various VIP status levels on the Huobi exchange.
- time, Huobi will use earnings from transaction fees to buy back Huobi tokens.
- Early Access is a somewhat nebulous perk, but it could prove extremely valuable. As part of the VIP membership service, users can get early access to resources that will be exchanged on Huobi or special events.
- Huobi supports trading pairs for Tether, Ethereum and Bitcoin right out of the box. One of the advantages of being a cryptocurrency created by the exchange is the immediate quotation on the exchanges. On the day Huobi Token completed its token generation event, it was listed on Huobi.
- An often overlooked, but potentially significant, benefit of HT ownership is the right to vote on exchange decisions, including new assets to be listed on the stock exchange.
From time to
Distribution of HT tokens began on January 24 and ended on February 7, 2018. Every day of the distribution, millions of tokens sold out within minutes after being put up for sale. By then, 300 million HTs had been distributed to Huobi Pro members who purchased packages. This is 60% of the total supply currently in public circulation.
Another 200 million HT, 40% of the total supply, has been set aside. 20% is allocated to user rewards and the operation of the platform. The other 20% is invested for four years and constitutes the reward of the team.
HT Price Forecast For the next 90 days
The entire cryptocurrency world is on the verge of complete collapse. Bitcoin fell 75% from its all-time high amid broader market declines caused by furious inflation and the US Fed’s rate hikes.
When you add the most recent collapses of huge industry players (FTX, Celsius, Moon etc.) into the equation, the horizon is murky and there will be more blood on the streets of the crypto city.
Investors are selling risky assets and moving to more stable markets. Crypto is still perceived as a very risky game and therefore sell off.
Our algo still sees some green in 2023, especially in the second half of the year. This is reflected in our forecast for 2023.
Right now, Bitcoin needs to find a bottom before we can move in the opposite direction and reverse the trend.
Once Bitcoin settles into the new price range, altcoins will start doing the same – we’ve seen this scenario dozens of times in distant and more recent history.
Our price forecasting model is bearish for the next 90 days with a hint of a bull market straddling quarters from Q1 to Q2. We expect whales and other larger players in the market to finish filling their bags around that time, which will cause a typical and sudden crypto spike.
The fundamentals we evaluate are teams, tokenomics, use case, community, marketing efforts, liquidity and availability of exchange, hype and speculative potential, and some other proprietary factors developed in our crypto lab.
Huobi Token Price Prediction 2023
Our forecast model calls for a temporary shift to a bear market in early 2023 before moving to another lead in Q3 and Q4 of 2023.
HT Price Forecast 2025 – 2030 – 2040
Our forecast model predicts that HT will reach new highs in 2025:
The HT price in 2030 and 2040 is expected to be a couple of orders of magnitude higher than our 2025 forecast.