While the upward trend in Bitcoin (BTC) and altcoins continues, BTC is above $ 36,000.
While there were significant increases in altcoins along with Bitcoin, one of the most notable was Huobi Token (HT), the native token of the cryptocurrency exchange HTX.
Following a rapid increase in trading volume, HT also experienced a rapid increase in price and HT rose above $3, its highest level in nearly five months.
HT, which has increased by 20% in the last 24 hours, continues to be traded at $ 2.85 at the time of writing.
At this point, HT, which reached its all-time high of $ 39 in 2021, broke the 12-month downward trend with the rise.
While wondering the reason behind this sudden rise of HT, Tron (TRX) founder Justin Sun, who is also a Huobi consultant, spoke to Coindesk.
On what could be the reason behind HT's rise, Sun said, “I have no idea why HT is so high.” said.
According to CoinMarketCap data, HT's daily trading volume increased by approximately 324% in the last 24 hours, reaching $32.2 million, reaching the highest trading volume since February.
A large portion of HT's daily trading volume, exceeding 80%, occurred on HTX, and the HT/USDT trading pair reached $26 million in the last 24 hours.
*This is not investment advice.