Hedera Hashgraph appeared in 2019, and took the crypto world by a storm. Despite being a bit late to the game, Hedera Hashgraph quickly called itself a “Bitcoin Killer”, despite the failure of multiple projects to achieve that feat before it.
HBAR Still Suffering from Faulty Tokenomics
But despite the fanfares at launch, all that the HBAR token managed to achieve was to go from $0.15 to $0.010 within a few months. The asset did not even have a relief rally, and its tokenomics and promises for smart contracts failed to appeal to the crypto community.
But Hedera Hashgraph is still around, tooting its horn and growing a community of firm believers. The network, which reaches consensus using a unique ‘gossip’ protocol, touts lower latency times and lightning fast transaction times. In this regard, Hedera Hashgraph repeats the model of networks like IOTA or NANO. But those have so far failed to displace Bitcoin, despite their technological edge.
In early 2020, HBAR looks like it has put last year’s FUD behind it. Now, with lower prices, HBAR could even expect a brief bounce in price.
I'm thinking #HBAR might not be a bad buy right now for a swing. What does everyone else think?
— Aim High XRP (@AimXrp) January 17, 2020
The coin may start inviting new speculative buying from its currently low prices. But HBAR is now extremely illiquid, with trading volumes way below $1 million per day, with 70% of those volumes concentrated on the Binance exchange. Loss of interest in altcoins has slowed the activity, and HBAR remains forgotten despite its listings on Binance and OKEx.
Hedera Yet to Announce Complete Token Release Schedule
The most contentious issue for HBAR now is the new token release schedule. HBAR was promised as a high-profile token sale, which has left multiple holders of preliminary tokens, or SAFT, a promise to one day hold a digital asset.
Now, Hedera aims to continue developing its project technologically, while delaying the token distribution. This also means that in October, the earliest recipients of HBAR could react and sell at still favorable prices. Others were not so fortunate, remaining underwater.
The Hedera project raised between $100 and $124 million back in 2018, of which the BTC investment may have kept its price. But because the ICO was held in three tranches, earlier investors had the advantage of receiving part of the first HBAR tranches.
They also behaved in a way all ICO investors behaved, selling their tokens almost immediately. Now, HBAR is still not ready with a distribution schedule, but the overall expectation is the tokens would be distributed in the coming three years, and some investors may be incentivized to wait for another 12 months. But with such low volumes, HBAR markets may have to wait for another altcoin season, in order to reawaken and absorb new selling.
What do you think about HBAR performance? Share your thoughts in the comments section below!
Images via Shutterstock, Twitter @AimXrp The post appeared first on Bitcoinist.com. origin »
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Hedera Hashgraph price has gone vertical as it surged for five consecutive weeks, reaching its highest level since January 2022. Hedera Hashgraph (HBAR), a top layer-1 network, jumped to a high of $0.2847, up by over 582% from its lowest…
Hedera Hashgraph is a PoS distributed ledger using hashgraph consensus algorithm Native HBAR trades…
The post Watch $0.05 support as Hedera Hashgraph fails to clear resistance appeared first on CoinJournal.
Южнокорейский Shinhan Bank совместно с командой Hedera Hashgraph завершили разработку «доказательства концепции» системы международных переводов с применением стейблкоинов.
The Hedera Hashgraph price has continued to defy gravity. HBAR/USD jumped to an all-time high of $0. 5800, bringing its gains from June 22 to more than 320%. Its total market capitalization rose to more than $5 billion, making it the 33rd biggest cryptocurrency in the world.
The price of Hedera Hashgraph’s HBAR token has crashed in recent weeks. Now the blockchain-like network is looking to make sure its model "is properly aligned."
17 сентября запустилось публичное бета-тестирование сети Hedera Hashgraph — распределенного реестра с заявленной пропускной способностью 10 000 транзакций в секунду. Платформа также запустила собственный токен HBAR, сервис смарт-контрактов и хранения файлов, а на ее базе уже работают три десятка приложений.
The cryptocurrency network Hedera Hashgraph launched Mainnet. The HBAR token dropped. Hedera Hashgraph promises an incredible 10K TPS speed. At the same time, it is not a blockchain, but positions itself as an “open-source digital ledger technology, hashgraph”.
Во вторник, 17 сентября, состоялся публичный запуск бета-версии PoS-блокчейна Hedera Hashgraph с заявленной пропускной способностью в 10 000 Tps. We did it. The trust layer of the internet is here.
Hedera Hashgraph, a decentralized distributed ledger technology (DLT) network that aims to function without the scalability issues associated with existing blockchains, has announced the launch of its public network, reports Yahoo Finance on September 17, 2019.
Несколько фигурантов списка Fortune 500 [компании с наибольшей годовой выручкой] сформировали управляющий совет для отслеживания изменений в ПО сети Hedera Hashgraph. Hedera @hashgraph announces initial group of governing council members.
Achieving consensus using blockchain technology can be achieved in many ways. The Hedera Hashgraph project is taking a unique approach. Its mission is to establish trust between parties without having to know the other party.
Блокчейн-стартап Hedera Hashgraph завершил новый раунд финансирования, собрав $100 млн долларов на дальнейшее развитие распределенной сети и экосистемы децентрализованных приложений. BREAKING NEWS: Hedera Hashgraph raises $100M to further develop #DLT network and dapp ecosystems.
Hedera Hashgraph, a next-generation distributed public ledger organization, announced today that it has raised $100 million from institutional and high net worth individual investors to further the development and use of the Hedera public.
Hashgraph is distributed ledger technology built on its own version of a DAG, similar to IOTA, for the age of the Internet of Things. But is this really the "blockchain killer"?
Top cryptocurrencies, including Bitcoin and Ethereum surged earlier this week, forcing over $1 billion in shorts liquidation in leading exchanges, FTX and OKEx.
The past two weeks took a different turn for almost all crypto assets, especially Bitcoin. Though the crypto market prices saw some positive moves to the north in July, most tokens could not sustain their growth afterward.
За последние пару часов цена биткоина сформировала две массивные зелёные свечи подряд, вернув себе психологически важный уровень около $40 300. Волатильность на рынке биткоина очень высокая, поскольку сегодня ночью курс главной криптовалюты опускался до $36 500, таким образом дневной прирост составил 9%.
Мы спешим поделиться новостью о проведении ребрендинга OKEx! Теперь мы — «OKX»: обновился дизайн биржи, а также усовершенствовалось видение целей и задач дальнейшего развития бренда. Будущее настало: включайся! OKX — это безопасная и инновационная криптовалютная экосистема.
OKExChain (OEC) — это публичная система блокчейн, не требующая разрешения и не контролируемая в полной мере. Любой человек может создавать проекты и использовать приложения в любой точке планеты.
Раскрываем продвинутые торговые инструменты. Сегодня расскажем, как работает и настраиваются три разных торговых бота от OKEx. Торговые боты от OKEx Мы разработали и выпустили три типа автоматических торговых алгоритма, которые доступны любому пользователю платформы.