The HBAR token is currently ranked #36 with a market cap of $2 610 581 068. The maximum supply of HBAR coins is about 50,000,000,000 tokens, with a circulating supply of 20 741 406 793 tokens. The current price of the token is $0.125, down by 1.89% in the previous 24 hours. It is traded with a market dominance of 0.20%. Over the last 24 hours, the trading volume stands at $44 352 174.
What is the Hedera (HBAR) coin?
Hedera has been gaining a lot of attention lately due to its unique features, which mainly provide solutions to the common issues faced by 1st and 2nd generation blockchains. The transaction process speed, rate, electricity usage, and several transactions at Hedera are impressive compared to Bitcoin and Ethereum. It claims to process 10,000+ TPS, whereas BTC and ETH can process only 3+ and 12+ TPS. The average fee for a transaction is $0.0001 at Hedera. However, BTC and ETH charge $22.57 and $19.55, respectively.
The most notable and attractive feature about Hedera is that HBAR is super environmentally friendly. HBAR claims to finalize a transaction in 3-5 seconds, whereas BTC and ETH take 10-60 minutes and 10-20 minutes. HBAR takes only 0.00017 KWH to process one transaction, while BTC and ETH take 885+KWH and 102+KWH per transaction.
Due to these amazing features, Hedera is becoming one of the most popular platforms for developers and users. Last year, it even surpassed the second-biggest cryptocurrency network in terms of the number of transactions, which only strengthened its position in the market.
The token grabbed the attention of more investors in February 2022 when Elon Musk tweeted the official logo of Hedera. The tweet caused a Twitter frenzy, and speculation started that Musk was now going to support HBAR after DOGE & SHIB.
Hedera provides a platform for minting and creation of NFTs and also provides a decentralized file storage service. The dynamic features of HBAR give it more utility and add more functions to it, which indicates excellent growth potential for the coin.
Hedera (HBAR) coin price history & monthly technical outlook
In the last 24 hours, the HBAR’s value has reduced by 0.46%. When we compare HBAR’s current market capitalization to the previous day’s market capitalization, we can see that the market cap is increasing by 0.08%, and its fully diluted market cap stands at $9,423,947,448.10.
Over the last seven days, the HBAR has fallen by 4.59%. The current price of Hedera is $0.188003, which is about 28.96% below its all-time high level of $0.264632.
Hedera (HBAR) coin fundamental outlook
Hedera has been gaining a lot of attention lately due to its unique features, which mostly provide solutions to the common issues faced by 1st and 2nd generation blockchains. The transaction process speed, rate, electricity usage, and number of transactions at Hedera are very impressive as compared to Bitcoin and Ethereum. It claims to process 10,000+ TPS, whereas BTC and ETH can process only 3+ and 12+ TPS, respectively. The average fee for a transaction is $0.0001 at Hedera. However, BTC and ETH charge $22.57 and $19.55 respectively.
HBAR claims to finalize a transaction in 3-5 seconds, whereas BTC and ETH take 10-60 minutes and 10-20 minutes, respectively. The most amazing and attractive feature about Hedera is that HBAR is super environmentally friendly. It is because HBAR takes only 0.00017 KWH to process one transaction, while BTC and ETH take 885+KWH and 102+KWH per transaction.
Due to these amazing features, Hedera is becoming one of the most popular platforms for developers and users. Last year, it even surpassed the second-biggest cryptocurrency network in terms of the number of transactions, which only strengthened its position in the market.
The token grabbed the attention of more investors in February 2022 when Elon Musk tweeted the official logo of Hedera. The tweet caused a Twitter frenzy and speculation started that Musk was now going to support HBAR after DOGE & SHIB.
Hedera provides a platform for minting and creation of NFTs and also provides a decentralized file storage service. The dynamic features of HBAR give it more utility and add more functions to it, which indicates great growth potential for the coin.
Will the HBAR coin price reach 1 USD?
Hedera price hit the $0.5 level in September 2021, and now it is hovering around $0.18. Given its price history, it is very much possible that HBAR’s price might reach $1 shortly. Hedera is unique due to its hashgraph mechanism, making it a highly scalable and fast network. More and more developers are now becoming attracted to it due to its high speed, low cost, and impressive security features. A strong bullish trend could help HBAR coin reach $1 shortly.
Hedera (HBAR) coin price prediction 2022-2025
Technical analysis has provided the following price prediction for the coin for this year as well as for the years to come.
Hedera price prediction 2022
Given the impressive progress of the coin in 2021, our analysts are highly bullish about the coin. Although it has not started 2022 on a good note, there are still chances that HBAR coin might trigger a bullish trend by the third quarter of 2022. Our analysts have predicted that this token might hover around the $0.45 level by the end of 2022.
Hedera price prediction 2023
For 2023, our analysts believe that the Hedera Hashgraph network will gain more attraction because of its unique features. They are also bullish about the coin for next year and have predicted that the crypto might touch its all-time high of $0.57 level in 2023 and even surpass it by the end of next year.
Hedera price prediction 2024
Hedera is a fast, reliable, decentralized, and relatively cheap network, which means it will definitely grow at a significant pace in the years to come. Our analysts have anticipated that the network will announce more technological advancements and partnerships in 2023, which will push its prices towards a new all-time high level above $0.67.
Hedera price prediction 2025
As more and more people become aware of cryptocurrencies shortly, the cryptos will see a massive bullish rally and reach their new milestones. For the long-term projection, our analysts are very much hopeful that the Hedera coin HBAR will get as high as $1 in 2025. However, it would be a great victory for the coin if the average price for the coin remained $0.75 in 2025.
Top 3 questions & answers about Hedera (HBAR)
Will the Hedera (HBAR) coin crash?
The coin is under pressure these days as its price moves at the support level of $0.18. If the price drops below $0.15, it could crash. However, if the market pulls up from it, it could trigger bullish momentum.
Will Hedera (HBAR) increase rashly?
Not in the short term, unless there is a favorable market event. However, our analysts believe that the coin will reach $1 by 2025 in the long run.
Will Hedera (HBAR) overtake BTC?
It is doubtful that this crypto will soon overtake BTC as the leading crypto.
