HT Sees Double Digit Increase As The Rest Of The Market Recovers

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• HT saw a double-digit increase in price over the last 24 hours.
• Huobi took to Twitter on November 21 to announce that they are planning a “rebrand and rebuild”
• HT is also still in the green by about 0.96% over the last week.

Although most cryptocurrencies are currently in the red trying to recover from the FTX debacle, the same can not be said for Huobi Token (HT). The crypto saw a double digit increase in price over the last 24 hours while most other cryptos in the market are trying to keep their heads above water. Most people believe the project’s recent announcement of a rebrand was the catalyst to the cryptocurrency’s rally. Huobi took to Twitter on November 21 to announce that they are planning a “rebrand and rebuild.” The post also mentioned that Justin Sun will be announcing the project’s next brand at its launch event that is titled Transforming Huobi for its Next Chapter. This launch event will be held in Singapore on November 22.

Huobi Token / TetherUS 1D (Source: CoinMarketCap)

According to the crypto market tracking website CoinMarketCap, HT is currently trading at $4.96 after a 12.58% increase in price over the last day. The cryptocurrency reached a high of $5.22 and a low of $4.37 over the same time period. HT is also still in the green by about 0.96% over the last week.

HT was also able to strengthen against the two biggest cryptos in the market, Bitcoin (BTC) and Ethereum (ETH) by about 15.35% and 16.23% respectively.

With its market cap of $759,088,676, HT is currently the 51st biggest crypto in terms of market capitalization. This places HT right behind Aave (AAVE) in the 50th position and in front of USDD (USDD) in the 52nd position.

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