In light of the recent rise of Stellar (XLM) and Hedera (HBAR) tokens, Charles Hoskinson, founder of Cardano, expressed his support for these projects.
Public Praise from Charles Hoskinson
In a rare act of public praise, Charles Hoskinson 'gave flowers' to two underdogs in the blockchain payments race: Stellar and Hedera. His comments came as both tokens were breaking through key resistance levels.
Rise of Stellar and HBAR Tokens
Statistics show that Stellar has risen nearly 80% from its early July lows, reclaiming key resistance zones and surpassing $0.45. Similarly, HBAR also surged from sub-$0.16 levels to over $0.25, breaking through its multi-month range.
Expectations and Real Utility in the Blockchain Space
While part of this move likely reflects speculative positioning ahead of expected XRP ETF news, Hoskinson's remarks highlight the belief that real-world utility is finally being rewarded. Both projects continue to push forward with development and partnerships even during the current bear market.
Against this backdrop, the question remains whether the rise of XLM and HBAR will hold, given global sentiments in the cryptocurrency market.
