HBAR is a cryptocurrency circulating on the Hedera Hashgraph network that serves both as a fuel for transactions and as a means of securing the network by staking. Hedera’s mission is to provide scalable, enterprise-class network infrastructure for Dapps, with use cases ranging from fraud prevention to gaming.
While Hedera uses distributed ledger technology (DLT) like other crypto projects, it is unique in that the ledger structure is not a blockchain. The consensus is reached using directed acyclic graph or hash graph technology. The founders of Hedera claim that this path is much faster, cheaper and “greener” than blockchain technology without sacrificing security. Another fairly rare occurrence is a crypto project like this one with an extensive governing body – a council made up of representatives from the major investor firms (including actors like Boeing and Google). For example, the council effectively controlled HBAR supply after it was minted in the testing phase of the Hedera project in 2018.
The initial funds were raised through SAFT (simple future token agreement). HBAR tokens have been in circulation since 2019, with the following coin release schedule being very slow to ensure scarcity and reduce the risk of attack.
After HBAR launched in 2019, it was relatively quiet for a while, rarely breaking the $ 0.04 mark until January 2021. It was then that Hedera began to show his strong cards, for example by contacting the Texan Foreign Minister. This caused the price to spike (~ $ 0.15 by mid-February). In March, HBAR price rose further to around $ 0.4 and then rebounded to ~ $ 0.3 and back up a few times before engaging in a downtrend. It seems like Hedera’s tiny energy consumption didn’t make her immune to the bear turn in the crypto market after Elon Musk said something about the problem. However, in June, Hedera’s price decline slowed and stayed above the line of at least $ 0.14 and it could prepare to reverse its move in the second half of the summer.
Despite the fact that 100% accurate technical analysis is hardly possible for the Hedera Hashgraph cryptocurrency, this advanced technical analysis tool from TradingView allows you to view the aggregated HBAR buy-and-sell rating in real time for a selected period of time. The summary for HBAR / USD is based on the most popular technical indicators – moving averages, oscillators and pivots.
Below we have compiled the most reliable Hedera Hashgraph (HBAR) price predictions from popular forecasting platforms.
According to WalletInvestor, the price of Hedera Hashgraph will increase from $ 0.1859 to $ 0.516 in one year. That makes HBAR a great investment. The long term earning potential is 177.57%. The forecast price for the end of 2026 is $ 1.854.
When asked if Hedera Hashgraph is a good investment, TradingBeasts answered a resounding yes. Looking ahead to 2021, this coin price is projected to hit $ 0.2520247 and rise to $ 0.2865414 by the end of 2022.
In the DigitalCoin analysis, the price of the cryptocurrency Hedera Hashgraph will increase from 0.188618 USD at today’s price to 0.736441 USD over the next 5 years. It will rise to $ 0.3169636 by 2022 and will continue to grow in 2023-2024. Based on this forecast, Hedera Hashgraph is a profitable long-term investment.
As can be seen from the analysis cited above, the predictions of the Hedera Hashgraph (HBAR) are quite contradicting. There is no universal consensus on positive or negative future HBAR price movements. In fact, the future possible growth depends on various factors: announcements, new technological solutions from the Hedera Hashgraph projects, the crypto environment in general, legal situation and so on. We kindly remind you that it is essential to do your own research (DYOR) before investing in a cryptocurrency.
Disclaimer: This article should not be viewed as a trading recommendation. The cryptocurrency market suffers from high volatility and the occasional random movement. Every investor should research multiple viewpoints and familiarize themselves with all local regulations before committing to an investment.
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