The following is from the Huobi HTX community
After HTX was listed on Huobi on February 2, the price has been hovering around $0.0000018. Some people don't understand, saying it was supposed to open several times higher. Some even say they have been "harvested". I don't understand either. HTX did not break, nor fluctuate, so how could it have been "harvested"?
For those who had high expectations for HTX's opening, they actually failed to distinguish between hype and objective laws. Hype needs to be high-profile, but actions need to be low-key. Projects that surge ten or even a hundred times within 48 hours of listing may not survive for a week.
Here, based on the historical trend of platform tokens, I will tell you when HTX will surge.
The trend of platform tokens is closely related to the overall market
The overall trend of the crypto market has a significant impact on the trend of platform tokens. In a bull market, platform tokens will also thrive, but in a bear market, it's difficult for platform tokens to take off.
In 2021, Bitcoin broke through $60,000, reaching a historic high. At the same time, platform tokens also reached their historical peak values, with HT and OKB surpassing $40, and BNB surpassing $600.
The relationship between the two is that the overall market leads the platform tokens, and platform tokens do not lead the overall market.
Bitcoin's intermittent rebound has been ongoing for a year and still cannot be considered a bull market. There are still over two months until Bitcoin's halving, and based on historical patterns, major bull markets generally start after the halving.
The timing for HTX to take off is not yet mature.
Platform tokens have a clear linkage effect
Platform tokens have long been a conceptual sector with a clear linkage effect. Currently, OKB and BNB have been in a period of correction for nearly two months, so HTX cannot surge on its own.
In a market with low heat, surging alone can only be funded by oneself, and it cannot achieve the effect of "many people gathering firewood, the flame rising high". On one hand, it requires a high cost, and on the other hand, the selling pressure exceeds the buying pressure, so even if it rises, it cannot be sustained.
In addition, there is a rotation effect within the sector. The platform token sector often starts after the mainstream coin market. The order of major market surges generally starts with BTC and ETH, followed by the current hot concept sectors, star projects, public chain sectors, MEME sectors, platform tokens, and other altcoins.
Previously, the platform token sector would start before the MEME sector, but now, due to the influence of the head of the MEME sector, DOGE, which has become a mainstream coin, and the influence of inscriptions, the influence of the MEME sector has strengthened compared to the platform token sector.
HTX has the dual attributes of platform tokens and MEME coins. Due to its light new issuance, once the bull market rotates to the MEME and platform token market, HTX's increase will far exceed that of other currencies.
HTX has not yet entered the surge cycle
Based on the trend patterns after the issuance of the three major platform tokens, HTX's surge will not come in the near future.
At the end of 2017, when Bitcoin approached $20,000, it was the first significant bull market. The issuance timing of the three major platform tokens that year was quite different. BNB chose a relatively good timing for its issuance, just three months before the start of the bull market. After opening, it rose steadily along with BTC's surge.
HT and OKB were issued after the bull market. HT rose fourfold in the four months after issuance, while OKB, unfortunately, experienced a drop of over 80%, and it wasn't until three years later that it began its first major uptrend.
Based on the initial uptrend patterns of HT and BNB after issuance, the first surge generally takes at least four months, and it also depends on the external environment. Even with the tailwind of the bull market, BNB remained flat for nearly a month after opening.
It has only been two days since HTX opened on February 2, and the first surge is far from coming. If HTX were to surge right after opening, it would be very dangerous. There is only one possibility: the end of a harvesting project.
If you still expect a surge right after opening, I suggest selling now and letting the main force take over, so that the surge can come faster.
HTX has a visible future
In the recent hit TV series "Blooming Flowers," there is a classic line: "Only by seeing the future can there be a future."
HTX DAO has taken the lead in revolutionizing centralized exchanges and proposed the concept of building a people's exchange, which is already an unprecedented innovation among all platform tokens. At a recent HTX DAO event, Sun mentioned community governance empowerment, voting for listing empowerment, decentralized governance of exchanges, and transaction mining, all of which will support the price of HTX.
Currently, 19 institutions have become builders of the HTX DAO ecosystem, and some builders will also contribute proportionally based on half of Huobi's revenue, which will be used to burn HTX. Ultimately, all of Huobi's revenue will be invested in HTX burning, leading to a burning speed that will surpass all platform tokens.
The value of HTX tokens will inevitably increase over time. If you only look at the present and not at the fundamentals of HTX, you cannot see HTX's future, and similarly, you cannot seize the opportunity for HTX to take off.
Trade with Huobi, registration link: https://www.htx.com.fj/zh-cn/v/register/double-invite/web/?invitecode=ymcx6223&inviterid=11354800
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