Huobi Token Price Prediction 2023-2030: Will Huobi Token reach $100?
Huobi Token Price Prediction: Let us analyze the price predictions for Huobi Token for the coming years.
Latest Huobi Token Price
Performance in the last 12 months
- Last 7 days: -27.4%
- Last 1 month: -31.0%
- Last 6 months: -23.4%
- Last 1 year: -60.1%
Huobi Token Price Prediction: Is Huobi Token a Good Investment?
Huobi Token is the native token of the Huobi Global Exchange. Huobi token is an ERC-20 token meaning that the token operates on Ethereum. The following are the primary use cases of the Huobi token:
- Huobi network repurchases Huobi tokens and burns them to reduce the supply in circulation (each month).
- Huobi Token is also tradable on other crypto exchange platforms apart from Huobi Exchange.
- HT Owners can enjoy discounts
- Users can get up to 65% of discounts on trading fees by holding Huobi Tokens in the Huobi exchange wallet.
- HT holders can participate in the governance of the platform via a voting mechanism.
- Huobi Token is also used by various companies as a payment method.
- Active and Passive Investment Opportunities
- HT can be used to participate in Huobi Prime, which is a token launch platform that enables users to access new and promising blockchain projects.
- HT can be staked in Huobi Earn, which is a platform for earning interest on digital assets. Huobi token holders can also earn interest by using their tokens in Huobi’s ECO Chain.
- HT can be used to invest in blockchain projects through Huobi Labs, which is a blockchain incubator and venture capital arm of the Huobi Group.
Last 12 Months Performance, HT vs DOT vs BNB
- Last 6 Months: HT 1.0%, DOT -13.4%, BNB +9.8%
- Last 12 Months: HT -46.4%, DOT -63.6%, BNB -24.1%
Considering all data sets and use cases, Huobi is at best a moderate case for Investment.
Will Huobi Token Reach $100?
Huobi Token needs to grow by 20 times its current price to reach a price level of $100. At $100, HT’s Market Cap would be $16.2 Billion. If the Huobi Token price were to rise at the rate of 25% every year, it would take it 14 years to reach $100.
Evaluating the Token on all the above data sets
- Quality of Token – Moderate
- Growth required to reach $100 – Feasible
- Market Cap at $100 – Feasible
- Time required to reach $100 if growth was 25% per annum – Not Feasible
Overall, it looks like there is a moderate chance for Huobi Token to reach $100. Increased use cases and a more aggressive burn program could achieve this goal.
Huobi Token Price Prediction 2023-30 (Aggregated)
- Huobi Token Price Prediction 2023 is $7.9
- Huobi Token Price Prediction 2025 is $16.3
- Huobi Token Price Prediction 2027 is $36.1
- Huobi Token Price Prediction 2028 is $50.0
- Huobi Token Price Prediction 2030 is $117.0
Also Read: Safemoon Price Prediction
Huobi Token Price Prediction Today
|1. Market's Wisdom||Partially Negative|
|1a. Market Data||Partially Negative|
|1b. Technical Recommendation||Neutral|
|2. Crowd's Wisdom||Neutral|
|2a. Social Media Buzz||Steady|
|2b. Social Media Sentiment||Neutral|
Where to Buy Huobi Tokens?
Huobi tokens can be purchased from various centralized and decentralized crypto exchanges such as KuCoin, Huobi, Gate.io, ProBit Global, CoinEx, MEXC, BKEX and UniSwap.
Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.