Ethereum

bullish

Hedera

Hedera’s native token, HBAR, has captured the spotlight with over 44% price surge in the last 24 hours, reaching $0.25 and a market cap of over $9.3 billion, according to Coingecko. The bullish momentum continued with a 74% increase over the past week, fueled by rising social sentiment and market enthusiasm. 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
 <img decoding="async" width="860" height="399" src="https://www.cryptotimes.io/wp-content/uploads/2024/12/Hedera-HBAR-Price-Chart-860x399.png" alt="HBAR Price Chart" class="wp-image-219269" srcset="https://www.cryptotimes.io/wp-content/uploads/2024/12/Hedera-HBAR-Price-Chart-860x399.png 860w, https://www.cryptotimes.io/wp-content/uploads/2024/12/Hedera-HBAR-Price-Chart-615x286.png 615w, https://www.cryptotimes.io/wp-content/uploads/2024/12/Hedera-HBAR-Price-Chart-420x195.png 420w, https://www.cryptotimes.io/wp-content/uploads/2024/12/Hedera-HBAR-Price-Chart-768x357.png 768w, https://www.cryptotimes.io/wp-content/uploads/2024/12/Hedera-HBAR-Price-Chart.png 1305w" sizes="(max-width: 860px) 100vw, 860px">
 <figcaption class="wp-element-caption">
 Source: <a href="https://www.coingecko.com/en/coins/hedera" target="_blank" rel="noreferrer noopener nofollow">Coingecko</a>
 </figcaption>
 </figure>
</div> 
HBAR has experienced notable price fluctuations since its launch. It hit a peak of $0.576 in 2021 during the crypto bull market but declined sharply during the subsequent bear market, consistent with broader industry trends. However, in November 2024, HBAR pumped from $0.043 to 0.2, almost 266% pump. 
Hedera’s core strengths remain intact, with the network emphasizing enterprise-grade applications like supply chain management and carbon offset tracking, which drive ongoing utility and adoption. Despite the bearish sentiment in 2024, the token’s stability has raised expectations for a potential recovery in the next market cycle. 
Analysts predict a potential rebound in HBAR’s value, driven by broader crypto market growth and increased use of Hedera’s enterprise solutions. Forecasts suggest the token could trade between $0.27 and $0.68, with an average value of $0.35. 
By 2030, HBAR might reach a peak of $10.46 in an optimistic scenario, while more conservative projections place its value between $1.6 and $3.6. This growth depends on its success in competing with Ethereum as a smart contract platform and expanding its ecosystem. 
Some bold predictions suggest HBAR could soar to $25-$35, assuming widespread adoption and strong enterprise partnerships. Although speculative, these projections excite long-term investors.

Hedera (HBAR) Rallies 44%, Will It Touch $0.35?

The Crypto Times

Other articles published on Dec 2, 2024

OSMI AI making headlines

XRP Sees Record-Breaking $95 Million in Fund Flows as XRP ETF Hype Surges

Ethereum Price Prediction (Dec 2nd 2024)

What Is Next for AVAX After a 91% Surge?

Floki Takes Valhalla to India with Ambitious Marketing Campaign

XRP Outperforms Tether In Market Cap; Witnesses Massive Rally Driven By Whales

Join our free newsletter for daily crypto updates!