The cryptocurrency market turned green on Monday following news of the US progressing toward lifting the prolonged government shutdown.
Bitcoin soared from above $101,000 to surpass $106,000 as the cryptocurrency market cap reclaimed $3.58 trillion after an over 4% increase in the past 24 hours.
Altcoins recorded notable uptick as they mirrored enhanced broader sentiments.
Meanwhile, HUMA’s 6.4% uptick coincided with the appointment of Jessica Cao to lead Huma Finance’s Asia-Pacific operations, according to a local source.
With over 17 years of leadership at Standard Chartered, Citigroup, and Ant International, Cao will fuel the PayFi project’s growth, product evolution, and partnerships across the Asia Pacific region as CEO.
Commenting on the strategic move, Jessica Cao emphasised Huma Finance’s long-term goals, stating:
The Asia-Pacific region provides unique opportunities to connect traditional finance with emerging blockchain infrastructure. Huma’s vision goes beyond payment finance to unlock liquidity and provide efficient solutions to businesses across the region.
Meanwhile, Cao’s appointment comes ahead of this week’s (November 12 to 14) Singapore Fintech Festival, which celebrates ten years of financial innovation.
Huma Finance is a PayFi platform aiming to democratise the global payment industry with instant liquidity.
Under the new APAC CEO, the project plans to accelerate the adoption of its PayFi solutions by promoting financial inclusion through DeFi and TradFi.
A milestone for digital payments
Huma Finance’s strategic expansion into APAC marks a new era for the PayFi platform, reflecting increasing integration between decentralized systems and traditional finance.
Huma Finance is now combining leadership experience, stablecoin liquidity, and tokenized assets to shape cross-border finance with inclusivity, cost-efficiency, and speed.
As the Asia-Pacific region embraces blockchain, Huma Finance’s focus indicates how on-chain capital can revolutionise real-world economic activities with instant liquidity access and financial inclusion.
With Jessica Cao as CEO, Huma Finance looks to cement its status as a primary player in the vibrant APAC by merging blockchain with traditional finance.
HUMA price outlook
The altcoin maintained a bullish outlook today, trading at $0.02397.
The digital asset looks to extend the gains as Bitcoin targets $110,000.
However, HUMA requires amplified trading volumes to support its recovery in the near term.
Technical indicators also suggest feeble momentum.
Huma Finance’s token is trading below the 50 and 100 Exponential Moving Averages on the 24-hour chart.
The Relative Strength Index at 44 hints at seller preference.
Nonetheless, the emerging green histograms and bullish crossover by the Moving Average Convergence Divergence signals potential reversals.
Meanwhile, broader sentiments will shape HUMA’s performance in the coming sessions.
Continued rallies could see the altcoin reclaiming early October levels above $0.03700.
On the other hand, overall market struggles will likely erase HUMA’s latest gains.
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