Why is the price of Huobi Token up 12% today as rest of the market slumps? By Cointelegraph

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Why is the price of Huobi Token up 12% today as rest of the market slumps?

Huobi Token (HT) has been up 12% in the last 24 hours and is one of the few cryptocurrencies bucking the general downtrend.

Trading at over $7, HT’s price is up over 80% since the beginning of this week, which is also its best weekly performance since February 2021.

daily price chart. Source: TradingView
HT/USD daily price chart. Source: TradingView
HT/USD weekly price chart. Source: TradingView