Although the markets are down and everything has dropped by 7-8% in the past 24 hours, the biggest gainers over the past week have been Huobi Token [HT] and Holo [HOT]. Bitcoin [BTC], Ethereum [ETH], Ripple [XRP] and virtually all other cryptocurrencies in the Top 20 have had a bearish week with a possible bull breakout mood being thwarted again when Bitcoin dropped from $7700 back to $7300.
Although multiple influencers and economists have predicted a possible bull breakout with Bitcoin’s prediction at $20K or more by this year-end, the question in the community remains, when will Bitcoin hit $10K?
Huobi Token [HT], going against the flow of the market, at press time had witnessed a 16.64% jump in the past 24 hours and a huge 69% jump this past week. HT is currently trading at $5.98 to a token with a market cap of $298 million.
Huobi had recently announced their plan to launch new cryptocurrency backed exchange-traded fund [ETF] which according to the community has opened doors for institutional investors. A large part of the recent HT tokens was traded in the Huobi/USDT pair on Huobi. They are the only exchange supporting HT. With a large $198 million in trading volume in the past 24 hours, all skeptical comments about a possible pump-and-dump were proven wrong.
Holo [HOT], on the other hand had shown a huge 110% jump in one hour and a 95% jump over the week. With a trading volume of only $1 million in the past 24 hours, many suspected that this could possibly be a pump-and-dump. Holo during the jump was trading at $0.001936 to a token with a market cap of $257 million.
Holo, according to many from the coding community consider Holo’s code to be a clean and neat project with the structure and vision to change things. HOT, however by the time article was being concluded dropped dramatically and lost all its gain in a matter of few hours.
HOT at press time was dropped from the 62nd positioned and went on to trade below the Top 100 mark. It was trading at $0.000930 to a token which is a 100% drop in just a few hours. Holo [HOT] is currently available to trade in exchanges like IDEX, Hotbit, Fatbtc and a few other exchanges.
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