The FTX Token, Huobi Token and Crypto.com Coin have all seen growth, but is it the right time to invest in them? Let’s find out.
- FTT, HT and CRO are hopping back in value.
- This price action is driven by an increase in cryptocurrency exchange usage.
- This bullish trend has the potential to make these tokens a lot more valuable.
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The prices of the FTX Token FTT/USD, The Huobi Token HT/USD and Crypto.com Coin CRO/USD have seen a steady increase within the last 24 hours with no signs of stopping.
Ever since Bitcoin briefly topped $40,000 after six weeks, investors have really hopped back into the cryptocurrency exchanges to make the most out of their cryptocurrency investments.
The question on everyone’s mind now is are these cryptocurrency exchange tokens worth the investment, and we’re here to find that out.
Should you invest in FTX Token (FTT)?
On July 28, the FTX Token (FTT) was worth $31.50. FTT saw its all-time high on May 12 with a value of $63.12. To get a better understanding of its shift in value, we will look at its performance in June. FTT experienced one of its highest points on June 5, with a value of $36.60, and one of its slowest points on June 26 with a value of $22.31.
July 28’s value puts it 50% lower than its all-time high, and June 5’s maximum value puts it 13% lower in value, which indicates that it has potential for growth. Given its increase in market cap by 6%, we could see this token go up to the $35 mark by the end of August which makes it a worthy investment token.
Should you invest in Huobi Token (HT)?
On July 28, the Huobi Token (HT) was worth $11.06. HT saw its all-time high on May 12 with a value of $39.66. Let’s analyze June as a point of comparison in the performance of this token. It had its highest point on June 2 with a value of $17.16. It fell to its lowest point on June 22 with a value of $9.06.
July 28’s value puts it 72% lower than its all-time high, while June 2’s highest value puts it 35% lower. In the last 24 hours, HT has also seen a 14% increase in its market cap, and a 90% increase in its trading volume, which has the potential to boost this token to the $17 value mark by the end of August, making it a worthwhile investment.
Should you invest in Crypto.com Coin (CRO)?
On July 28, the Crypto.com Coin (CRO) was worth $0.123. CRO saw its all-time high on February 22 with a value of $0.277. Seeing its value in June, it got up to $0.134 on June 3, and dropped to $0.081 on June 22.
July 28 value puts it 55% lower than its all-time high, and when we take a look at its highest value on June 3, there is just an 8% decrease. That being said, CRO has seen an increase in trading volume by 15% in the last 24 hours, with a 5% increase to its market cap and value. At this rate, it could get to the $0.180 value point by the end of August, making it a worthwhile investment as well.