From the perspective of "Identity Infrastructure Assets," H (Humanity Protocol): What is the market pricing?

As of November 17, 2025, according to data from the Gate platform, H (Humanity Protocol) is currently priced at $0.07, up approximately 2.3% over the past 24 hours. The highest intra-day price reached $0.075, while the lowest dropped to $0.063. The 24-hour trading volume is approximately $2.4 million.

At the current price range, market sentiment towards $H is not aggressive, but it has not completely abandoned its long-term narrative either. This state of “low volatility, low expectations, yet still attracting attention” precisely reflects the stage Humanity Protocol is currently in.

$H is not an application token, but an “identity layer asset”

From an asset classification perspective, $H can be easily misjudged. It is neither directly linked to transaction fees and revenue like DeFi protocols, nor does it depend on user activity levels like GameFi or NFT platforms.

Humanity Protocol essentially provides a public infrastructure layer for “human uniqueness verification.” Its goal is not to improve transaction efficiency but to address a long-standing, yet unresolved issue in Web3:

How to distinguish “real humans” from “infinitely replicable addresses” without sacrificing privacy.

This means that the value logic of $H does not stem from a single popular application but from whether it can become a foundational capability relied upon by multiple applications.

Current market valuation logic for $H

Looking at its price performance, the $H near $0.07 is clearly not in the “sentiment premium” stage. The current market valuation is more akin to an “option-like valuation”:

On one hand, the market recognizes decentralized identity as a long-term necessity.

On the other hand, it has yet to see large-scale, irreplaceable real demand materialize.

Therefore, the current price of $H is more about pricing in the following three aspects:

First, whether the protocol can become one of the universal standards for Web3 anti-Sybil measures. If Humanity Protocol is just an optional solution for some projects, its valuation ceiling will be very low; if it can become a “default component,” the valuation model will fundamentally change.

Second, whether zero-knowledge proof verification can be seamlessly integrated into user experience. The biggest enemy of identity protocols is not technology but friction costs. Whether the verification process is lightweight enough determines if it can be truly embedded into high-frequency scenarios.

Third, whether the zkProofers network can form a positive feedback loop. The release and demand for $H largely depend on whether verification activities genuinely occur, rather than just token circulation.

Why is $H ’s trading volume low but its price not out of control

Recent trading data shows that $H ’s trading volume is not very active, but its price fluctuations are relatively limited. This state instead indicates that it has moved beyond a short-term speculative phase.

The reason is that identity-related protocols are not targeted at short-term speculative funds but rather at medium- to long-term allocation and ecosystem observation funds. These funds share the following characteristics:

They do not chase highs, nor do they exit entirely due to short-term lack of hot topics.

At this stage, $H is more like an asset “placed on an observation list” rather than a frequently traded target.

Key variables for future trends

From a market structure perspective, the future trajectory of $H depends more on whether demand is truly activated, rather than simple technical upgrades or partnership news.

If the following changes occur, the valuation center of $H may shift upward:

First, multiple clear application scenarios relying on Humanity Protocol emerge, such as DAO governance, anti-witching airdrops, on-chain voting, etc., and these scenarios are sustainable.

Second, the scale of the zkProofers network expands, making verification activities a sustainable economic activity rather than subsidy-driven.

Third, identity verification begins to extend beyond Web3 into scenarios involving finance, compliance, or real-world identity attributes that can be composably integrated.

Conversely, if the protocol remains in a “proof of concept + small-scale integration” stage for a long time, the price of $H may stay in a low-volatility range for an extended period.

Conclusion: H is more like “infrastructure options” rather than a short-term target

The problems Humanity Protocol addresses determine that H will not be a linearly growing asset. It is more akin to an option on the future structural changes of Web3: once decentralized identity becomes a necessity, its value will be rapidly re-evaluated; until then, it may remain undervalued, overlooked, but still retained.

From this perspective, the current $0.07 near $H reflects not market rejection of the project but a cautious wait for “identity layer to truly explode.”

For those paying attention to such assets, what truly matters to track is never the short-term K-line but whether identity begins to become one of the fundamental assumptions of Web3.