HBAR Price Prediction: HBAR Loses Momentum, Time to Sell?

What is Hedera?

Hedera is one of the world’s fastest ways to execute a cryptocurrency transaction. HBAR is a 3^rd generation public ledger that can process 10,000 transactions per second, and hedera’s hashgraph is capable of performing transactions 10x faster than blockchain’s alternatives. It has predictable GAS fees and is presently carbon negative. The average transaction fee of HBAR is $0.0001, to put it into perspective, the fees of BTC and ETH are $22.57 and $19.5. Furthermore, the transaction speed of HBAR is merely 3 to 5 seconds whereas BTC and ETH take 10-60 mins and 10-20 seconds respectively.

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Pumps and Dumps in HBAR in the last 2 months

1. Dump: May 23 to May 29 – Price falls from $0.1 to $0.08
2. Dump: June 7 to June 15 – Price falls from $0.96 to $0.06
3. Pump: June 19 to June 21 – Price rises from $0.058 to $0.077
4. Dump: June 26 to June 30 – Price falls from $0.074 to $0.06
5. Pump: July 13 to July 20 – Price rises from $0.059 to $0.077

Reasons for the Pumps and Dumps

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1. The larger reason behind the dump is the overall crash in the cryptocurrency market, there are some who are recovering, however, HEDERA does not seem to be one of them.
2. The dumps were coupled with the Fed’s announcement of the highest interest rate hike since the 1990s
3. The announcement by Celsius that it would put a pause on withdrawals.

HBAR Price Prediction: FAQs

What will HBAR be Worth in 2024?

According to TechnewsLeader, HBAR could reach $0.28 by the end of 2024.

How high will HBAR Coin Go?

It can be a bit difficult to make a prediction for the price of HBAR given that the market of cryptocurrency is quite volatile. However, the predictions say that the price could go would definitely go a lot higher than it is now.

Hedera Price Prediction: How to Buy HBAR?

The surge of HBAR as a cryptocurrency has been going on pretty well. With the current state of progress for the coin, it is very likely that the price of the coin will increase a lot in the future. So, it will be worthwhile to make an investment in HBAR right now. Before actually jumping into the discussion on where to find HBAR, we need to talk about how to buy HBAR.

The 1st step is to find the right crypto exchange that is offering up HBAR for trading. There are different options for crypto exchanges so you need to compare the features and prices to make the best decision.

The 2^nd step is to create an account in that particular exchange. In order to do that you need to verify your identity.

After the verification is complete, the 3^rd step is to fund the wallet. After this, you will be able to buy HBAR easily.

Where to Buy HBAR?

The majority of exchanges are offering to list HBAR for trading. Here are some options to choose from:

Binance, KuCoin, Gate.io.

What is HBAR and What’s Unique About It?

HBAR is the native, energy-efficient cryptocurrency of the Hedera Public Network, which is currently governed and operated by 29 companies from different corners of the world. HBAR are used to power decentralized applications and protect the network from malicious actors. Instead of being developed on a typical blockchain, Hedera is made on Hashgraph, which a more stable, sustainable, and secure version of the Distributed Ledger Technology. Hashgraph is built for speed, it can perform 10,000 transactions every second, it is a significant leap from 20 (max) transactions per second for well established PoW (Proof-of-Work) based blockchain networks.

Cost Efficient: The average fee charged by 1st and 2nd generation of blockchain networks is $1,654 and $522 respectively, which is humongous compared to the $0.0001 charged by Hedera.

Energy Efficient: The energy consumed by BTC and ETH based blockchains is 885+ and 102+ KWH, but Hedera only consumes 0.00017 KWH.

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Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.