• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Stabilization and Potential Rise of Hedera Hashgraph Price

user avatar

by Giorgi Kostiuk

a year ago

Hedera Hashgraph has shown growth over two days, reaching a high not seen since January. Investors anticipate the approval of an exchange-traded fund in the US, maintaining current interest.

Current Price Analysis of HBAR

Hedera Hashgraph (HBAR) has risen to $0.3140, about 600% above its lowest level in 2024. The token's market cap exceeds $11.3 billion. Investor anticipation of ETF approval supports the price rise.

Potential ETF Impact on Price

Canary, an emerging fund manager, has applied for an HBAR-focused ETF. Analysts point to a strong chance of approval. JPMorgan forecasts SEC's approval of crypto funds, paving the way for a Hedera ETF, with Ripple (XRP) and Solana (SOL) as examples of substantial investment attraction.

Technical Analysis and Forecast

The daily chart forms a symmetrical triangle, indicating a potential bullish breakout for HBAR. Trading above the 50-day moving average at the Murrey Math Lines resistance, the next crucial level is $0.3920, a break of which could lead to further gains.

Hedera Hashgraph is in a consolidation phase, poised for potential growth. The anticipated ETF approval could serve as a market catalyst.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Sterling Crispin Unveils Prediction Market Bot

chest

Engineer Sterling Crispin has launched a prediction market bot that automatically purchases 'No' on every nonsports market found on Polymarket.

user avatarEmily Carter

Crispin's Bot Implements Targeted Trading Strategy

chest

Sterling Crispin's prediction market bot uses specific filters to enhance its trading strategy, focusing on nonsports markets and purchasing 'No' when the best ask is below 0.65.

user avatarTomas Novak

AI Models Struggle in Betting Challenge, Resulting in Major Losses

chest

Eight leading AI models, including Claude and GPT54, were tested in a betting strategy challenge for the 2023-24 English Premier League season, resulting in significant losses and bankruptcies.

user avatarKaterina Papadopoulou

X Launches New Crypto Cashtags Feature

chest

X has launched a new feature called Cashtags, enhancing crypto and market infrastructure with token discovery, price charts, and trading functionality directly in the app.

user avatarMaya Lundqvist

Caution Advised Amidst Bitcoin's Bullish Outlook

chest

Edwards warns of AI-driven security threats to crypto infrastructure while maintaining a bullish stance on Bitcoin. He emphasizes the need for caution regarding complex DeFi protocols in light of emerging AI threats. Investors are encouraged to remain disciplined and manage risks while exploring opportunities in Bitcoin.

user avatarLeo van der Veen

IMF Issues Recession Warning Amid Escalating US-Iran Conflict

chest

The International Monetary Fund (IMF) has warned that the world may be on the brink of a recession due to the ongoing US-Iran war and rising oil prices, cutting its global growth forecast to 3.1%.

user avatarLi Weicheng

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.