Here’s Why This Analyst Foresees Hedera (HBAR) Breaking Into The Crypto Top 10

2023-8-11 00:00

Hedera popularly known as HBAR, has lately been drawing attention in the world of cryptocurrencies. An influencer from the crypto-sphere recently asserted that this digital currency is poised to cement its position among the top 10 in the industry.

HBAR’s Position In The Upcoming Bull Market

Classy Crypto, a crypto-focused YouTube channel, hosted a discussion where the anchoring influencer laid out his reasoning, foreseeing HBAR’s substantial ascent in the near future. According to the host of Classy Crypto, HBAR is not just positioned to rise but is also primed to become one of the biggest beneficiaries in the anticipated bull run.

Related Reading: HBAR Token Scores Impressive Gains As Major Cryptos Nosedive

The host noted that one factor driving this optimism is the forthcoming Bitcoin and Ethereum Exchange Trust Funds (ETFs). As these ETFs come into play, they are expected to usher a wave of institutional investors into the crypto sphere.

However, the influencer argues that the initial attraction toward giants like Bitcoin and Ethereum would eventually pivot. Investors, after their primary foray, would likely explore alternative digital assets.

These alternatives, which the host referred to as “pseudo-centralized currencies” offering distinct use cases, especially those with tracking capabilities, would then become the focal point. Hedera, with its tracking features, according to the host, could potentially emerge as a leading contender in this narrative.

Hedera Offerings And Market Dynamics

Diving deeper into Hedera’s offerings, the Classy Crypto host highlighted the consensus service of the platform. The host emphasized that this plays a significant role in tracking and catering to rising global demand.

Additionally, in the backdrop of an evolving global political scenario, solutions like Hedera’s are anticipated to gain traction, given their ability to address large-scale issues.

The host noted:

Hedera has a consensus that does a lot of tracking and it’s great for the environment which is an increasingly large issue in our world political scene.

Furthermore, beyond these specifics, the influencer also shared a broader market perspective. He envisions a major market breakout before the culmination of 2023. This momentum is likely to carry forward into 2024, heralding a significant bull run.

One pivotal point he made pertained to the Layer 2 blockchains prevalent in the market. A realization among investors that many of these platforms might not support sustainable transaction sizes could direct focus towards Hedera.

Particularly, its attributes, including fixed gas fees and the avant-garde Hashgraph technology, might just provide the edge it needs, according to the host.

Over the past 24 hours, HBAR has traded in the red, down by nearly 5%. The asset currently trades at a price of $0.058, at the time of writing.

Featured image from iStock, Chart from TradingView

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Hedera Hashgraph (HBAR) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.0591939
Капитализация $0 Rank 99999
Цена в час новости $ 0.0570112 (-100%)

hbar hedera asserted crypto-sphere influencer industry digital

hbar hedera → Результатов: 126


Цена токена Hedera поднялась на 96% из-за путаницы

За последние сутки цена токена Hedera (HBAR) выросла на 60,2%, а в моменте поднималась на 96%. Причиной для ралли стали неверно истолкованные заявления HBAR Foundation. Некоммерческая организация, стоящая за разработкой блокчейна Hedera, ввела инвесторов в заблуждение и запампила HBAR.

2024-4-24 13:44


Hedera’s (HBAR) Bullish Trajectory: Experts Highlight These Key Price Levels But There’s a Catch

The cryptocurrency Hbar, the native token of the Hedera Hashgraph network, is exhibiting signs of bullish momentum according to technical analysis from crypto analysts. Analyst Egrag pointed out on X that his prediction of a pullback for Hbar on March 14th was accurate, demonstrating his ability to identify patterns and potential price movements.

2024-3-19 21:30


Консорциум Centre запустил стейблкоин USDC на блокчейне Hedera Hashgraph

Стоящий за USD Coin (USDC) консорциум Centre запустил стейблкоин на блокчейне Hedera Hashgraph. Об этом сообщила занимающаяся развитием сети некоммерческая организация HBAR Foundation. “With the $USDC launch on the @hedera network, the HBAR Foundation is taking an important step toward fulfilling its mission to ease the development and launch of #DeFi applications on the network.

2021-10-18 17:06


Hex Trust to provide custody for native crypto-asset and protocols of Hedera

Hex Trust, an Asia-based crypto-asset custodian, today announced its partnership with Hedera Hashgraph, the enterprise-grade public ledger. Specifically, Hex Trust has integrated the Hedera network and the Hedera Token Service (HTS) standard into Hex Safe, its bank-grade custody platform, enabling support for HBAR, the Hedera network’s native cryptocurrency, and all HTS issuances on the protocol.

2021-10-12 06:56


Фото:

Проект Hedera Hashgraph выделит $3,85 млрд на развитие экосистемы

Управляющий совет Hedera Hashgraph утвердил план по выделению 10,7 млрд токенов HBAR (~$3,85 млрд) на стимулирование проектов по развитию экосистемы сети. Согласно пресс-релизу, средства представляют собой более 20% от общего предложения монеты.

2021-9-20 13:39


Hedera Hashgraph’s HBAR Nearly Triples in Value Following the Real World Usage of Blockchain

The National Health Services (NHS) facilities in England use blockchain technology to keep tabs on the supply and storage of temperature-sensitive COVID-19 vaccines. The system will “allow us to demonstrate our commitment to providing safe patient care,” said Steve Clarke, electro-biomedical engineering manager at South Warwickshire NHS, in a statement.

2021-1-21 16:59


AML/CFT compliance solutions now available for HBAR and any assets issued on Hedera

Hedera Hashgraph, the enterprise-grade distributed ledger, and TRM, the cryptocurrency compliance and risk management platform, today announced that TRM has successfully integrated with the Hedera public ledger, and customers can leverage the integration to comply with Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) regulatory requirements HBAR, Hedera’s native cryptocurrency, is now supported across all TRM […] CryptoNinjas » AML/CFT compliance solutions now available for HBAR and any assets issued on Hedera

2020-12-24 20:31