Huobi Token (HT) price prediction after the buyout by About Capital

Huobi Token price has been in a strong bearish trend in the past few months as cryptocurrencies have crashed. HT/USDT was trading at $4.33, which was about 15% above the lowest level this month. It has crashed by more than 89% from its highest level in 2021, giving it a market cap of more than $673 million.

Huobi Global acquired

Huobi Global is one of the biggest cryptocurrency exchanges in the world. At its peak, the Chinese exchange handled transactions worth billions of dollars per day. This trend slowed down sharply after China announced a total ban of all cryptocurrency activity in the country. According to CoinMarketCap, Huobi Global transacted over $410 million in the past 24 hours.

The HT/USDT price tilted upwards on Monday as investors cheered the purchase of the company by About Capital. About is an investment firm based in Hong