HBAR Price Prediction: Will Hedera Hashgraph (HBAR) Go Up?

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Bittime - Hedera Hashgraph (HBAR) has recorded a significant surge in recent days, reaching its highest point since May 2022. In this article, we will discuss what is Hedera Hashgraph, advantages of HBAR, HBAR tokens, HBAR tokenomics, Hedera Hashgraph fundamental analysis, and HBAR price prediction.

What is Hedera Hashgraph (HBAR)?

Hedera Hashgraph (HBAR) is a blockchain platform that aims to be faster, cheaper, and efficient than its competitors. Created in 2018 by computer scientists Leemon Baird and Mance Harmon, Hedera uses Hashgraph technology that uses the gossip protocol to speed up communication between nodes in the network.

Advantages of Hedera Hashgraph (HBAR)

• Process up to 10,000 transactions per second.
• Using a Proof-of-Stake (PoS) consensus mechanism.
• HBAR supports payment of fees on the network and can be staked for rewards.

What is HBAR token?

HBAR is the crypto token that powers the Hedera network. Users can buy, sell, and trade HBAR on various crypto exchanges. In addition, HBAR can be staked for rewards and vote on system changes.

Founder and Hedera Hashgraph (HBAR)

Hedera Hashgraph was founded by computer scientists Leemon Baird and Mance Harmon in 2018.

Tokenomic Token HBAR

With a total supply of 50 billion, as of February 22, 2024, there are 33.68 billion HBAR in circulation. This gives HBAR a market cap of around $3.56 billion, making it the 30th largest crypto according to the metric.

Hedera Hashgraph Fundamental Analysis (HBAR)

In fundamental analysis, Hedera Hashgraph has shown progress in its ecosystem by closing the gap with other leading blockchains. More recently, the platform has also welcomed new members to its board, such as Cadbury owner Mondelez, who joined Hyundai on Hedera's Supervisory Board.

HBAR Price Movement Today

Here is the price movement of HBAR in the 4-hour timeframe using the Bollinger Bands and MACD indicators. HBAR price movement was observed to increase 8.47% in the last 24 hours at 15:53 WIB, Friday, February 24, 2024. Currently, the price of HBAR is trading at the level of Rp1,792 per coin.

Source: Bittime

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HBAR Price Prediction

This HBAR price prediction is summarized from various sources such as CoinCodex, DigitalCoinPrice, and BitNation.

Price Prediction

• 2024
  • Prediction #1: $0.23
  • Prediction #2: $0.2965
  • Prediction #3: $0.1759
• 2025
  • Prediction #1: $0.27
  • Prediction #2: $0.4025
  • Prediction #3: $0.2644
• 2030
  • Prediction #1: $0.77
  • Prediction #2: $0.9321
  • Prediction #3: $1.71

Price Prediction by Google Gemini AI (as of February 22)

• Short Term (next 3 months)
  • Expected Price: $0.086598
• Intermediate (next 6 months)
  • Expected Price: $0.098
• Long Term (next 5 years)
  • Expected Price: $0.067

Conclusion

Hedera Hashgraph (HBAR) has shown significant growth in its ecosystem. With mixed price predictions, users and investors are advised to do in-depth research before making any investment decisions.

How to Buy Hedera Hashgraph (HBAR) on Bittime

You can buy and sell Hedera Hashgraph (HBAR) in an easy and secure way through Bittime. Bittime is one of the best crypto applications in Indonesia that has been officially registered by Bappebti.

Hedera Hashgraph (HBAR) is available on Bittime with the HBAR/IDR market pair. To be able to buy IDR HBAR on Bittime, make sure you have registered and completed identity verification. In addition, also make sure that you have enough balance by depositing some funds into the wallet. For your information, the minimum asset purchase at Bittime is Rp10,000. After that, then you can make a crypto asset purchase in the application.

Learn the complete guide on how to buy Hedera Hashgraph (HBAR) on Bittime.

Monitor the price chart movements of Hedera Hashgraph (HBAR), Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

Also Read:

What is Wrapped HBAR (WHBAR)? Bringing Hedera Hashgraph to the DeFi World

Get to Know What is Mimblewimble: A Privacy-Oriented Decentralized Protocol

What is IOTA (IOTA)? The Future of the Internet of Things (IoT)

DISCLAIMER: This article is informational in nature and does not constitute an offer or solicitation to sell and buy any crypto asset. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices may change significantly from time to time and Bittime is not responsible for fluctuations in crypto asset exchange rates.