At press time, Huobi Token surged 20% to register its best performance in over two months The daily active addresses for the token jumped 20% from the previous day Popular cryptocurrency exchange Huobi Global will apply for a trading license in Hong Kong, the exchange’s advisor, Justin Sun, announced on Twitter on 20 February. Read […]
. Additionally, the Securities and Futures Commission of Hong Kong released new guidelines for crypto trading platforms looking to apply for a license under the new regime.
The pro-crypto policy is part of Hong Kong’s ambitious attempt to establish itself as a global crypto trading hub. As for Huobi Global, it hoped that the latest move would help it shrug off the pessimism engulfing the exchange. Last month, it was at the receiving end of aGrappling with severe selling pressure in the past few weeks, Huobi Token was reinvigorated by the latest development. It broke past the resistance at $6.1 for the first time in two months. Indicators like Relative Strength Index and Awesome Oscillator gave overwhelming bullish signals.
The network growth registered a sharp increase, indicating that new users flocked towards the token in bulk. HT holders could thus hope for another macroeconomic trigger to push the price further up.Subscribe to get it daily in your inbox.
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