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April 21, 2024
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Huobi Token (HT) Price Spikes After Justin Sun Reveals Its Revival Strategy

The post Huobi Token (HT) Price Spikes After Justin Sun Reveals Its Revival Strategy appeared first on Coinpedia Fintech News

Huobi Global, a crypto exchange giant, is now all set to initiate a fresh journey with newly appointed advisory committee member Justin Sun. Tron founder Justin Sun revealed strategic plans to expand Huobi Global’s futuristic vision, including its developments, international brand promotion, utilization, expansion, and business operations dedicated to Huobi Token. Following the announcement, Huobi token surged over 28% in the last 24 hours. 

Justin Sun Paves The Future Road For Huobi!

Today, Justin Sun tweeted about the future expansion and strategic plans to push Huobi Global upward, discussed in the meeting of the new advisory committee.

The members of the Huobi Global advisory committee include Baiyu Capital’s founder Du Jun, Ted Chen, Huobi Global’s co-founder Wang Yang, Valkyrie co-founder Leah Wald, and Tron founder Justin Sun.

Justin Sun said, “Today is my second day in Huobi. I am speaking on behalf of the Huobi Global Advisory Committee. We know that the key to revitalizing Huobi is to empower HT, and HT can only thrive on Huobi! In the future, there will be many big moves around HT, including brand upgrades, heavy empowerment, and business cooperation. We will unite all the forces that can be united to make HuobiGlobal well together!”

The advisory committee aims to place Huobi Global at the leading position in the crypto market by improving Huobi’s promotion, risk regulation, brand expansion and several factors.

Moreover, the committee confirmed that the revival plan would focus on bringing a spotlight to its Huobi token (HT), and the crypto exchange will look for more exposure globally, except in China. 

Huobi Token Begins A New Chapter With An Uptrend Of 28%

The recent announcement from Huobi Global positively impacted the price of Huobi token as it jumped over 28% in the last 24 hours. According to CoinMarketCap, Huobi token is currently trading at $4.9 with a high of $5.3 and a low of $4.0753. It seems that the Huobi token is set to bring bullish rays as it has broken out of its strong resistance level at $4.6. 

The RSI-14 is trading at 83, indicating an overbought territory for Huobi token, and SMA-14 is trading at 55, hinting at a price consolidation to the downside soon. However, the EMA-20 and EMA-50 are moving upward exponentially, showing more bullish momentum till $5.8. 

TRX price also surged by 3%, and its transaction in the network recently crossed 4 billion; it is believed that Justin Sun is the actual buyer of Huobi Global as he is the primary investor of About Capital, to whom Huobi Global sold a majority of shares. However, Justin denied the news, confirming that he was appointed only as a member of the advisory committee.  

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