The crypto space has gained immense prominence for its capability to handle transactions in a decentralized and distributed ledger. The first cryptocurrency Bitcoin was launched in the year 2009. Though Bitcoin operates with transparency, it takes an hour’s time to complete one transaction. Also the blockchain has certain limitations when it comes to data accessibility.
Hedera was launched in order to resolve these issues. Hedera’s objective is to offer the features of blockchain as a distributed ledger technology without limitations. Wondering if the increased bullish sentiments, will propel the coin to surpass the $1 milestone in 2022? Look no further, as we decode the plausible HBAR price prediction for 2022 and beyond.
Overview
Cryptocurrency | Hedera |
Token | HBAR |
Price | $ |
Market cap | $ 1,484,415,400.0000 |
Circulating Supply | 22,968,236,111.8211 |
Trading Volume | $ 0.0000 |
All-time high | $ 0.5692 Sep 15, 2021 |
All-time low | $ 0.0099 Jan 2, 2020 |
Hedera (HBAR) Price Prediction
Year | Potential Low | Average Price | Potential High |
2022 | $0.0744 | $0.0901 | $0.1069 |
2023 | $0.0966 | $0.1326 | $0.1854 |
2024 | $0.1570 | $0.2155 | $0.2912 |
2025 | $0.2357 | $0.3187 | $0.4436 |
Hedera Price Prediction For 2022
Hedera’s HBAR had initiated the year 2022, with its price at $0.2910. While a short-term leg-up pushed the price to $0.3414, by the 5th of January. An immediate fall took the price to $0.2552, and continuity in the downtrend escorted the price to $0.1869, by 24th January. HBAR’s price was seen posting an uptrend that brushed the $0.266 mark, by the 7th of February.
However, turmoil in the business pushed the price back to $0.2243. While a spike in volumes did push the price back to $0.2633, by the 16th of February. Losing out on steam led to a downswing to its support levels at $0.2016. An uptrend starting from the mid of March helped the price close the quarter at $0.2650.
HBAR had a steep fall amidst the imbalance in the industry. The altcoin’s price has dropped from $0.248 seen on the 1st of April to its current level of $0.0617. Collectively, the losses account for a ghastly 74-odd percentage.
HBAR Price Prediction For Q3
The third quarter of the year could turn imperative for the digital coin. If the scheduled updates of the previous quarter, such as smart contracts, decentralization, and scalability, amongst others, yield the desired results. This could push the price to its maximum of $0.0850.
In contrast, the protocol not adhering to its expectations could result in negative criticism. That could bring the price down to $0.0594. Collectively, an equilibrium in buying and selling pressures could land the price at $0.0709.
Hedera Price Forecast For Q4
With developmental initiatives such as scheduled transaction merging, smart contracts traceability, additional NFTs and entity, being in the pipeline for H2. Fruitful repercussions could drive the price to its potential high of $0.1069.
Conversely, a market dump and massive liquidations could drag the price down to $0.0744. Factoring in the bullish and bearish targets, the average price could settle at $0.0901.
HBAR Price Forecast For 2023
If any regulations or changes in governments across the globe occur, Hedera’s (HBAR) price may undergo a tough time. That could result in a potential low of $0.0966. If the protocol emerges as a top player in terms of deploying dApps and other improvements. Then the asset would clinch a maximum of $0.1854 by the end of 2023. Successively, constrained by a linear momentum, the regular price might find a base at $0.1326.
HBAR Price Prediction For 2024
The altcoin could make the most out of the year if the team behind the project employ catalysing initiatives. Which could further seek impetus from Bitcoin’s halving event. In such a case, the price of HBAR might propel to its maximum of $0.2912 by the year’s end. On the flip side, the digital token could slump to the lows of $0.1570. Collectively, the lack of fueling stimulants could close the year at $0.2155.
Hedera Price Prediction For 2025
By 2025, fundamental traits such as faster speeds, carbon negativity, and predictable gas fees, could fuel the price projection of HBAR. Which could surge to a maximum of $0.4436, by the end of next five years. In contrast, emerging rivals and ebbing prominence could bring the price down to $0.2357. That said, considering the bullish and bearish targets, the regular price could land at $0.3187.
What Does The Market Say?
Let’s now see how different platforms have predicted the price trends of HBAR.
Digital Coin Price:
According to the Hedera price prediction by Digital Coin Price, HBAR’s price could trade at a maximum of $0.0866 by the end of 2022. Carrying forward, the price may trade around $0.15 by the end of 2023. That said, by the end of 2025, the price may hit highs at $0.27.
Price Prediction:
As per the firm’s HBAR price prediction, by the end of 2022, the altcoin’s price could trade around with an average price of $0.094. And with an accelerated rally the price may also shoot up to $0.10 by 2022. The forecast expects the altcoin to close trade for 2023 and 2025 at its potential highs around $0.16 and $0.33.
Trading Beasts:
Trading Beasts expect HBAR to claim a pricier tag of $0.1101 by the end of 2022. Whilst a reversal in trends could flip the price to the lows of $0.0748. The average price is foreseen at $0.08809. Trading Beasts has set the maximum closing targets for 2023 and 2025 at $0.1287 and $0.1739.
Click here to read our price prediction of IoTeX (IOTX)!
What Is Hedera (HBAR)?
Hedera is the only public distributed ledger technology. That makes use of the fast, fair, and secure hashgraph consensus mechanism to run dApps. The network was developed in mid-2010, co-founded by Leemon Bird. However, the initial release of the native token HBAR happened seven years later, by July 2017.
The platform has two founders: Dr Leemon Baird and Mance Harmon. Dr Leemo Baird has previously worked as the investor of the network’s distributed consensus algorithm and presently works as Hedera’s chief scientist. Before founding Hedera, Baird worked in various computer science and security roles. And accumulated more than a year of experience at the Academy Center by Cyberspace Research.
Another co-founder, mance harmon mance harmon co-founder at swirlds inc. Mance Harmon has over 20 years of senior-level expertise in a variety of startups and businesses. Hedera Hashgraph, a next-generation distributed ledger system that claims to provide faster speeds and security assurances than existing blockchain alternatives, was co-founded by him in 2017.
Harmon stated that his interaction with Libra’s head, David Marcus, was partly inspired by the Libra Association’s consortium governance approach as the disclosure of Facebook’s Libra project began to saturate the industry debate.
The Hedera Hashgraph network launched its public beta in September, with three services: HBAR cryptocurrency trading, smart contracts, and file services. After only a few months on the market, the HBAR token witnessed its value plummet by 90%. Harmon and the Hedera team stated at the end of 2019 that user acquisition had not progressed as quickly as expected, concluding that the company would reevaluate the token economics in order to provide additional value to holders of HBAR’s Simple Agreement for Future Tokens.
Harmon and his team will be hard at work reassessing the token’s economics and business strategy in an effort to offer value to investors and reinforce their competitive presence in a proliferation of blockchain networks, as the launch of Hedera Hashgraph did not meet expectations. EntrepreneurInvestorChief Executive OfficerBoard Member Followers : 0 View profile is presently the CEO of the Hedera network. Harmon gained over 2 years of experience holding executive roles at reputed tech firms. Including these founding members, team Hedera also comprises a large number of dedicated individuals.
Hedera is a public distributed ledger technology that makes use of the fast, fair, and secure hashgraph consensus mechanism to run dApps. The network was developed in mid-2010 and co-founded by Dr. Leemon Baird and Mance Harmon. However, the initial release of the native token HBAR happened seven years later, in July of 2017. Successively, the initial coin offering (ICO) was done in August 2018. And then a year later, in September 2019, the firm launched open access to its mainnet. The native token HBAR mainly serves two purposes within the Hedera public network. Firstly, HBAR acts as the fuel that actuates Hedera services, including regular transactions, smart contracts, and file storage. Secondly, the token is used to enhance network security.
Hedera is regarded as a sustainable, enterprise-level public protocol that allows individuals and organizations to create powerful dApps. It was launched with the aim of building a trustworthy, safe, and empowered digital future for all individuals. Hedera is known for its higher transaction speeds, and statistics say that around 10,000 transactions per second are possible. The network is secured by Proof-of-Stake (PoS), which is backed by a Hashgraph consensus mechanism. The network is governed by over 39 term-limited and highly diversified global or
Fundamental Analysis
Hedera Hashgraph was launched with the aim to build a trustworthy, safe, and empowered digital future for all individuals. The network is governed by over 39 term-limited and highly diversified global organizations and institutions. Including boeing boeing Manufacturing & Production Followers : 0 View profile , chainlink labs chainlink labs Crypto / Blockchain Solution Followers : 0 View profile , Ibm Ix, swirlds swirlds Tech & Design (Software) Followers : 0 View profile , Tata communications, uefachampions and more.
The initial coin offering (ICO) was done in August 2018. And then a year later in September 2019, the firm launched open access to its mainnet. Hedera is known for the higher transaction speeds, and statistics say that around 10,000 transactions are possible per second. And that is why it is often referred to as a superior blockchain as all payments are rapid, fair, and secure.
The native token HBAR mainly serves two purposes within the Hedera public network. Firstly, HBAR acts as the fuel that actuates Hedera services including regular transactions, smart contracts, and file storage. Secondly, the token is used to enhance network security.
Its Proof-of-stake (PoS) public network, is backed by a Hashgraph consensus mechanism. Attains the highest level of security possible, with electrifying fast and secure transactions and low bandwidth consumption.
Our Hedera Price Prediction
HBAR is one of the fundamentally strong altcoin projects that thrives to deploy more advanced dApps in the future. If it succeeds in achieving the same, then HBAR price would continue to prosper in the future.
According to Coinpedia’s formulated Hedera (HBAR) price prediction. The altcoin’s price is expected to move up and reach new highs in due course of time. We expect HBAR price to reach a maximum price figure of $0.10, by the end of 2022. By the end of the next three years, the highest value may be around $0.44 and the lowest price may be near $0.25.
Historical Market Sentiments
2019
- The year started with a negligible price figure and remained the same for a few months.
- However, by September, the closing price was seen moving between $0.03 and $0.05.
- The price trends were highly wavering and by the end of 2019, the price dropped and was at $0.01.
2020
- The year commenced with a price of $0.01 and remained the same for the first month.
- However, by February, the price surged and was sailing high, swinging between $0.02 and $0.07.
- By mid of 2020, the price was steadily moving at $0.04. But by the end of 2020, the price dropped to $0.03.
2021
- The HBAR price started the year at $0.03 and stayed the same negligible for the first few days.
- Hedera’s price rallied to $0.1 from $0.03 by February’s first week. This was a result of the network’s continuous efforts during early January.
- The announcement of Google joining its governing council pushed the HBAR price by 300% to its ATH at $0.5059.
- After oscillations and speculations of the crypto ban and FED’s interest rate tapering, the HBAR price bogged down to $0.224 by the year’s end.
Click here to read our price prediction of Quant (QNT)!
FAQs
Yes, the stout fundamentals of the network make HBAR a good investment but for the long term.
The network can process over 10,000 transactions in one second.
As per our HBAR price prediction, the digital token might surge as high as $0.1069 by the end of 2022.
The HBAR price is anticipated to surge to its potential high of $0.4436 by the end of 2025.
HBAR is available for trade across leading cryptocurrency exchange platforms such as Binance, Coinbase, Zebpay, etc…