Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Hedera Breakthrough Moment: HBAR Rockets Over 800% – Details

Share This Post

The native coin of Hedera Hashgraph, HBAR, is the talk of the cryptocurrency market following an impressive price ascent. In a matter of four weeks, the coin reversed a bearish trend that had persisted for more than 1,000 days. With increased investor interest, experts are piling on the lofty price predictions, suggesting a rise in faith in this enterprise-grade public ledger.

The price of HBAR was $0.3173 at the time of writing. Even though the coin lost 10% in the last 24 hours, it did very well over the course of a week and a month. Notably, HBAR has maintained a huge 801% rally over the last 30 days, which has made buyers very happy.

What’s driving this momentum? A combination of innovative upgrades, partnerships, and market optimism. HBAR’s rebound is more than just a price spike—it’s a transformation in how the project is positioned in the blockchain space.

Aggressive Targets In The Bull Market

Experts have projected a hopeful $5 for HBAR as the bull market for cryptocurrencies keeps up. A more conservative $2.50 shows great growth potential if the market peaks in April 2025. This positive attitude is not founded in conjecture alone. Hedera is getting ready for major announcements including a new privacy layer that will let consumers construct private network instances while still linked to the public ledger.

Dr. Leemon Baird, co-founder of Hedera, believes that this privacy layer has the potential to change areas such as finance, healthcare, and supply chain management. Hedera addresses significant gaps in blockchain technology by providing organizations with a safe yet interoperable solution.

Ripple Partnership Boosts HBAR Adoption

Hedera’s increasing integration with blockchain-based payment systems is another motivator. The technology, via Dropp, plays an important part in the Federal Reserve’s FedNow system, allowing for rapid and safe transactions.

Moreover, its interaction with Ripple (XRP) proves it to be a strong rival in USD transaction handling. The likely certification of the RLUSD stablecoin by Ripple in December could help HBAR’s position in the payments ecosystem to be strengthened, therefore promoting acceptance in many sectors.

Performance Upgrade Establishes New Benchmarks

Hedera isn’t stopping with privacy. A substantial upgrade is on the way, potentially raising transaction throughput to 500,000 transactions per second (TPS). This advancement would make Hedera the world’s fastest blockchain network, a position that might significantly alter market dynamics.

Although the Relative Strength Index (RSI) points to rising buying activity, nearing overbought levels could indicate profit-taking. Still, experts like Javon Marks are hopeful, projecting a rise to $0.504, almost three times its current worth.

Open interest in HBAR trading rose 28% to $187 million. Capital inflows indicate increased confidence, suggesting the HBAR rise may continue. Hedera’s progress should be monitored by investors and enthusiasts.

Featured image from Pexels, chart from TradingView

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Bitcoin, Ethereum, and Lightchain AI Climb Towards a Bull Run Moonshot

This content is provided by a sponsor Is the crypto market gearing up for its next big breakout All signs suggest that Bitcoin ( BTC) and Ethereum ( ETH) are building momentum for a massive bull run,

Solana’s new Seeker phone ships with SKR token as economic engine

Solana Mobile revealed it will ship its Seeker smartphone with a new token called SKR, which will serve as the “native token of the Solana Mobile economy,” according to a May 21

SEC Stalls Spot XRP And Dogecoin ETFs—No Fast-Track For Crypto Yet

The US Securities and Exchange Commission (SEC) has hit the brakes on four closely watched crypto‐exchange-traded product filings, instituting formal proceedings on spot XRP and Dogecoin exchange

Protest Planned at Trump’s Meme Coin Gala Over Alleged Crypto Corruption

In a press release provided to Bitcoincom News, Democratic legislators and activists announced their intention to hold a rally in opposition to US President Donald Trump’s meme coin dinner gala

Litecoin Eyes $117.50 As Price Rebounds From Key Support – Analyst

Litecoin is holding steady at a critical level after a strong 69% surge in the past month, riding the wave of broader market momentum As Bitcoin flirts with its all-time high, analysts are closely

Coinbase under fire for massive data breach affecting nearly 69,461 users

Coinbase is facing sharp criticism and regulatory pressure after confirming a significant data breach that exposed personal information of nearly 70,000 users According to a filing with the Maine