HBAR, or Hedera Hashgraph, is the native cryptocurrency of the Hedera network. It is used to pay application transaction fees and also protects the network from attacks through proof-of-stake, which is a consensus mechanism used to verify new transactions.
What makes HBAR so special?
HBAR is a decentralized distributed network that is quite different from Ethereum and Bitcoin in structure but it can perform almost all the functions of these two. Developers use HBAR to pay for various network services, such as transferring HBARs, minting fungible and non-fungible tokens, calling smart contracts, and logging data.
Additionally, you can use HBARs to pay fees that compensate consensus nodes for bandwidths and other stuff, and it is only around $0.0001 per transaction which is very minimal compared to many other cryptocurrencies out there.
Since Hedera Hashgraph (HBAR) is a secure public cryptocurrency which is quite different from blockchain technology, it is somewhat considered as a one-of-a-kind.
Since it is public, the source code for the hashgraph-based network is available to everyone but in essence, no one can use it, ‘cause the algorithm is patented.
HBAR Market analysis & Current price value
The HBAR currency was initially sold in 2019 to the public for a coin cost of $0.12. By 2020, the coin through many ups and downs, maintained a price of about $0.03. Then, in early 2021, as the cryptocurrencies gradually came into trend, the price of the coin boosted, coming to an all-time high of $0.4495 by mid-March. But since then, it has yet to beat this price. It came close in April 2021 but fell short. Since then, it has taken a bearish trend.
The current market price of the HBAR currency as of today, 23rd September 2024, is $0.055. With a total circulation of 37,014,688,800, the marketing capital of HBAR as of today is $2,765,323,191, a whopping 2 billion. From September 20 to 23, which is today, the price value of the coin gradually increased from $0.05005 to $0.05536 which is notable.
HBAR coin price prediction 2025-30
A lot of people have been wondering about one thing regarding HBAR. How much the Hedera coin is going to be worth in the coming years? We are here to discuss this, the prize of the HBAR coins from 2025-2030.
Since the no of people investing in crypto is increasing day by day, the probability that the price of the coin will also increase is exponentially high, as the more in demand a coin is, the higher the market price it’s gonna have.
Also, recently Hedera has formed an alliance with Ripple and Aptos Labs through the MiCA Crypto Alliance. This alliance is going to play a major role in the coming days in determining the price of the Hedera coins. As per Coinglass data, an increase in trading activity was made possible through this alliance. Hedera aligning with the EU regulatory standards have also drastically increased the no of investors in it.
As of reports from the latest data, Hedera’s price is around $0.054. This shows that there has been at least a 5.44% increase in price over the past week. Hedera’s recent strategic alliances as well as following regulations, have made it one of the best blooming cryptocurrencies as of this moment.
As per information obtained from various trusted sources and other financial experts, we have put together a table showcasing the average price prediction of the HBAR coin.
| Year | Price |
|---|---|
| 2024 | $ 0.055381 |
| 2025 | $ 0.05815 |
| 2026 | $ 0.061058 |
| 2027 | $ 0.064111 |
| 2030 | $ 0.074216 |
According to this, the value of the HBAR coin may increase by 5% and reach $0.074216 by 2030.
As we reach 2030, the global blockchain market valued at $ 12.4 billion in 2023, is expected to shoot up to about $469.49 billion, with an expected Compound Annual Growth Rate of about 50-60%. This significantly impacts the price of the coins and will provide a solid ground for Hedera and other cryptocurrencies to surge.
But if you’re considering investing in it, keep in mind that the crypto market is a drastically volatile marketing environment. You should consider all the factors and market trends very carefully before investing.
Reef Price Prediction For 2025-2030: Looking For A Smart Crypto Investment
