Key Takeaways
- HBAR token has captured the attention with a price surge of over 44% in the last 24 hours.
- It is expected that by 2030 HBAR might reach a peak level of $10.46 in optimistic market conditions
- Some other projections of HBAR predict its value to be between $1.2 and $1.5.
- Donald Trump is expected to select Paul Atkins, a board member of Hedera for the post of next Securities and Exchange Commission chair.
- HBAR spot ETF request filed by Canary Capital also created a surge in the value of the coin.
HBAR token has captured the attention with a price surge of over 44% in the last 24 hours. The token reached $0.25 with a market capitalization of over $9.3 billion. The bullish momentum created an upsurge of 74% in the last week fueled by the increased social sentiment and market enthusiasm. The price of the token has increased by 170.90% in the last 7 days. The token is outperforming the global cryptocurrency market which increased at 9.70%.
Since its launch, HBAR has been experiencing notable price fluctuations. The token hit a peak price of $0.576 in 2021. This was achieved during the crypto market bull. The price declined sharply in the subsequent bearish market.
The price variations are consistent with the market fluctuations. HBAR upsurged from $0.043 to 0.2 in November 2024. The token hit its all-time low of $0.009861 in 2020. The current price of the token is comparatively 3432.07%higher than the all-time value.
Hedera network emphasizes enterprise-grade applications like supply-chain management and carbon offset tracking which drive ongoing utility and adoption. The stability of the token has raised its expectations for a potential recovery in the next market cycle despite its bearish sentiment in 2024.
Crypto analysts predict a potential rebound in the HBAR value. It will be driven by the broader crypto market growth and increased use of Hedera enterprise solutions. As per the expectations the token could be trading between $0.27 and $0.68.The average value is estimated to be $0.35.
It is expected that by 2030 HBAR might reach a peak level of $10.46 in optimistic market conditions. More conservative projections of HBAR place its value between $1.6 and $3.6. This expected growth potential is dependent on the success of competing with Ethereum as a smart contract platform and expanding its ecosystem.
Bold predictions even suggest that HBAR could upsurge up to $25-$35. This growth is projected by assuming widespread adoption and strong enterprise partnerships. These projections are exciting for long-term investors even though these are speculations.
The coin surged as the data represented that more HBAR tokens were leaving the crypto exchanges. This outflow of tokens from exchanges can be considered as an indication that the investors are accumulating the token.
Another analysis stated that HBAR is surging with the increase in the interest for the coin. The Google Trends data revealed that the user’s search for HBAR increased. This increased trend in Google search queries can be considered a sign of traders embracing the fear of missing out.
Another factor that may result in the upsurge of the coin is the victory of Donald Trump in the US elections. As per the expectations, Donald Trump is considering Paul Atkins, a board member of Hedera for the post of next Securities and Exchange Commission chair.
The HBAR spot ETF request filed by Canary Capital also created a surge in the value of the coin. There is an expectation that the Securities and Exchange Council will approve many of these since the Ethereum and Bitcoin ETF have performed well this year
After confirming a macro bullish trend HBAR price is established to continue with the increasing trend in the upcoming months. The real-world utility-based coin is expected to achieve higher growth towards an all-time high soon. The on-chain data reveals that the ongoing trend of large-cap altcoins is not supported by capital cash rotation from Bitcoin but by the underlying robust fundamentals of the project.
There is a chance for potential correction for the best-performing altcoins as the investors may attempt to rotate their profit to other potentially bullish projects. This could push HBAR’s price towards the support range before continuing with the increasing trend.
Therefore the HBAR price upsurge is expected to reach $1 most probably in the early few weeks of 2025. If the market sentiment remains bullish then the coin has an extended growth potential to reach $1.2 to $1.5. Hedera Hash graph, the chain of the Hedera network, is evolving as an alternative to the traditional blockchains that aim to excel in speed, efficiency, and security.
Considering these factors along with the expected crypto-friendly policies from the Trump government makes HBAR a viable investment option. However, investments should be considered after careful evaluation of the project and its potential. The volatile nature of the crypto ecosystem can have an impact on your investments.
Hedera (HBAR): Current Market Performance Data
The current market capitalization of Hedera is $13,635,421,772. It has a circulating supply of 38,198,864,521. The total supply and maximum supply of HBAR is 50,000,000,000. The trading volume for the last 24 hours is $7,994,690,427.
This indicates a rise of 103.40% from the previous day. The recent rise in the market activity of Hedera is a wave of optimism towards the project. The HBAR tokens can be traded through centralized cryptocurrency exchanges. WhiteBIT is the most popular option with a trading volume of $320,774,765 for the last 24 hours. MEXC and Coinbase Exchange are other popular options.
Read more: Ripple’s XRP Hits 6-Year High After Rallying 90% In Past Week
