Best Cryptocurrencies on Huobi Global

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Contributor, Benzinga
August 30, 2021

With over 11,000 unique crypto assets launched, the cryptocurrency market capitalization stands near $2 trillion. It's undeniable that cryptocurrency has legitimized itself as a true investment class over the last few years.

As the industry continues to evolve, the cryptocurrency world continues to gain popularity. The words Bitcoin and blockchain are on everyone’s tongues. And while some people have been in the field for a long time now, new investors arrive every day. With an eagerness to start trading and hopefully make profit, it’s important to only manage your risk accordingly. Cryptocurrencies are extremely volatile assets, sometimes moving double-digit percentage points in a single day.

Needless to say, entering this dynamic and complex world is not that simple. That is why people should know how, when and, most importantly, where to trade their assets. Before getting into how the market and price movements work, the 1st step an investor should take is finding a reliable cryptocurrency exchange to use.

Huobi Global is one of the most popular and trusted cryptocurrency exchanges. With a trading volume surpassing $30 billion, investors have sufficient liquidity to trade a variety of digital assets . It also has its native token, Huobi Token (HT), that has a value around $13. The focus of the platform was mainly in Asia, but because of the Chinese government’s recently imposed crypto regulations Huobi Global is now focusing its efforts on expanding in the U.S.

The platform provides a clean interface and more than 10 languages, which is really helpful to new users around the world. It also has a mobile app, available on Apple Play and Google Play stores. Furthermore, the exchange provides staking pools where users can stake their tokens to earn profits.

Bitcoin Versus Altcoins

Bitcoin (BTC) was the 1st cryptocurrency to exist. It remains the currency with the highest recognition, most adoption, largest market capitalization and one of the highest daily volumes. This makes BTC one of the safest tokens to invest in for the long run. The Bitcoin Dominance (BTCD) is the ratio between the market capitalization of BTC compared to the rest of altcoins.

Altcoins are alternative cryptocurrencies to the most popular one — Bitcoin. The current number of altcoins is very difficult to know because anyone can create a token on a platform such as Ethereum, Solana or Binance Smart Chain.

Some cryptocurrencies such as Ethereum (ETH) offer the simplicity of being able to develop tokens without the need to create a new blockchain network. Employing a smart contract, you can create the basis for a new token, reducing development costs and making it easier to launch a cryptocurrency

Innovation comes through competition. If there wasn’t any token to question Bitcoin’s project and model, it would be considered the best that can be offered and no one would seek to improve it.

Altcoin prices are extremely volatile. This may represent an incredible investment opportunity, but it makes it much riskier. 

Best Cryptocurrencies on Huobi Global

Among other cryptocurrencies on the market, Bitcoin has irrefutably been the dominant token since its beginning. But other coins have been standing strong in the last months.

For every investor, the goal is to minimize risks and maximize profits. That is why, in the crypto market, most of them opt to diversify their investments. Savvy investors understand the importance of diversifying their funds in order to achieve a balance between risk and reward.

Huobi Global offers the possibility to buy more than 300 tokens, so diversifying your money on the same platform won’t be a problem. The following are some of the best cryptocurrencies to invest on Huobi Global:

  1. Bitcoin (BTC), the precursor and leader of all cryptocurrencies, stands in 1st place. With a market cap that surpasses the $900 trillion, the price per token at the end of August was near $50,000.
  2. Ethereum (ETH) owns 2nd place on the list. In view of the Ethereum 2.0 platform, the cryptocurrency network is continually developed and improved. The 2nd token by market capitalization, was priced at $3,200 at the end of August.
  3. Cardano (ADA) continues to demonstrate how efficient a proof-of-stake (PoS) network can be. The more scalable alternative to Ethereum has a market capitalization of $88 billion and has experienced massive increases in the last months.
  4. Solana (SOL) comes in the 4th place as another competitor of Ethereum and Cardano. Its high-performance cryptocurrency blockchain supports smart contracts and decentralized applications.
  5. Dogecoin (DOGE) keeps fighting its way to the top cryptocurrencies by market capitalization. In spite of billionaire Elon Musk’s comments on Saturday Night Live, DOGE stands at a solid $0.30 price per token.

Cryptocurrencies You’re Missing out on

Although most popular cryptocurrencies can be traded on Huobi Global, there are some exceptions. Binance Coin (BNB), the utility token from Binance, and Coin98 (C98), cannot be traded at Huobi Global. If you are interested in buying these tokens, you are able to do it directly from Binance and Binance.US.

Also, you can start earning free cryptocurrency on Coinbase today. Coinbase has a program called Coinbase Learn which pays users in crypto to learn about blockchain technology. Simply watch a few videos, and Coinbase will credit your account with different altcoins.

  • securely through Coinbase's website
    securely through Coinbase's website
    Best For:
    Coinbase Learn
    Rating:
    Read Review

    Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards. ³Crypto rewards is an optional Coinbase offer. Upon purchase of USDC, you will be automatically opted in to rewards. If you’d like to opt out or learn more about rewards, you can click here. The rewards rate is subject to change and can vary by region. Customers will be able to see the latest applicable rates directly within their accounts.

  • securely through Binance NON US's website
    securely through Binance NON US's website
    Best For:
    Altcoin Traders
    Rating:
    Read Review
  • securely through Gemini Crypto's website
    securely through Gemini Crypto's website
    Best For:
    New Investors
    Rating:
    Read Review

Store Your Crypto Safely

Your privacy and security is of vital importance, so whichever token you decide to buy, take your time to store them correctly in a safe wallet. Whether it is a digital wallet like Coinbase or a cold storage unit like the ones offered by Ledger, protecting your private keys is a must.

Remember never to share your keys, and in case you decide to store your cryptocurrencies in an offline wallet, keep the device protected in a safe location.

Ledger Hardware Wallet
Best For
  • ERC-20 tokens
securely through Ledger Hardware Wallet's website

Cryptocurrency Price Movements

After experiencing a bull run earlier this year, the cryptocurrency market capitalization sits just above $2 trillion. Top-tier tokens like Bitcoin and Ethereum have experienced huge gains coming out of summer 2021, and the altcoins do not seem far behind. 

With new projects starting to flourish on different blockchains, the mid-term future of the market seems promising. Many long-term investors believe the cryptocurrency market will continue to rise, as the world keeps moving toward a decentralized economy. However, investors should still expect market volatility, as the crypto market never closes. 

Other Cryptocurrency Exchanges Available in the US

Since Huobi Global headquarters and servers are not located in the United States, the platform doesn’t need to comply with American regulations. Therefore, non U.S. customers will be able to enjoy a much higher offering of token markets. If you want to use a cryptocurrency trading platform that’s based in the United States, however, then you’ll need to look elsewhere. Coinbase is one of the most recognized and reliable exchanges, but some alternative choices are eToro or Voyager.

Disclosure: ²Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards. ³Crypto rewards is an optional Coinbase offer. Upon purchase of USDC, you will be automatically opted in to rewards. If you’d like to opt out or learn more about rewards, you can click here. The rewards rate is subject to change and can vary by region. Customers will be able to see the latest applicable rates directly within their accounts
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