What Is The Future Of Aelf (ELF), Huobi Token (HT), Cybermiles (CMT)?
It has been quite a tough run for cryptocurrency so far in 2018. February and March went to the bears, and then prices recovered briefly amid an April surge, before again collapsing in May.
In the face of all this drama, the exceptional performance of a few of the “new” coins didn’t, however, escape the eye of keen crypto investors.
Among these exceptional performers was Aelf (ELF), Huobi Token (HT), and Cybermiles (CMT). These tokens have again begun to perform well, despite the current decline that has seen major coins on the downtrend.
But knowing the nature of cryptocurrency markets, it’s appropriate that we take a look at where they are now. With that, we hope to have an idea of what could be awaiting them in the coming days.
ELF first traded on December 21, 2017, and was valued at $1.10 against the USD. On January 7th, the coin reached its ATH of $2.77 as shown on CoinMarketCap. Like every other token, the asset declined during the Q1 bearish trend, going all the way down to about 50 cents.
It, however, picked a nice upside trend in April, rising a huge +300% to see its price surge from $0.52 to $2.07 by May 1, 2018.
The current downtrend took over until a couple of days when an upside materialized, possibly as a result of positive news concerning its Candy reward system and on joining the Innovation Alliance.
ELF currently trades at $1.37 against the USD, surging by +16.65% in the last 24 hours. It’s also in the green over 7 days at +4% while it’s daily trading volume has increased from $54m to $79m.
What next? A lot rests on the Innovation Alliance. ELF has been touted as the token on which companies in the alliance will conduct their transactions. The building of new blockchain solutions will also be done on the aelf network. if these are concrete steps and are fulfilled, it’s possible to see ELF beyond $5 in the next one year.
Huobi Token (HT)
Huobi is one of the latest token coins by a cryptocurrency exchange. The token was launched in February but began trading in April- valued under $2. Since then, the coin has seen remarkable growth, culminating in its all-time high of $5.17 reached on May 18, 2018. The nearly 230% price rise has drawn a lot of attention, as much as BNB by Binance.
At the time of writing, the token is trading at $5.27 against the US dollar, +6% higher over its value 24 hours ago. Over the last 7 days, H remains in the green with a +48% performance. Though there’s much movement in the daily trading volumes, its market cap has increased to $263 million from the previous $234 million.
What lies ahead? The value of HT could experience exponential growth if the team lives up to its word of repurchasing the tokens, reducing circulation and possibly increasing demand. If they decide to do a “Binance” by offering bonuses, expect more investors getting interested, and HT could go beyond $10 in a year.
Cybermiles is one of the emerging blockchain-based platforms that hope to tap into the e-commerce business. The CMT token began trading in December 2017, valued at $0.18 against the USD.
By January 28, 2018, it had reached its all-time high of $0.36. However, as with many other token prices, it plummeted to an all-time low of $0.067 by April 5th this year. It then embarked on a steady rise to hit a new high of $0.344 by May 15th.
At the time of writing CMT has dropped by -2.49% against the US dollar in the last 24 hours to trade at $0.289. It however still is +17% in the green over the last 7 days. Over the last 30 days, the Cybermiles token’s price is +143% higher than it was by mid-April.
Its market cap stands at $183 million, putting it 89th in the rankings. A total of $136 million worth of CMT has been traded so far today.
What next? A lot of hope for this token rests on launching its mainnet which will begin with a Testnet in December.
The parent company 5 Miles is one of the top e-commerce sites. It has about 12 million users and a market worth $3 billion that Cybermiles hopes to tap into. If these two factors combine, expect CMT to be big in 2019.