What is happening with Hedera$HBAR ?

Since the beginning of November 2024, the cryptocurrency Hedera (HBAR) has risen by almost 780%. As of the time of writing this review, the coin is trading at $0.37. The cryptocurrency surged on news of Canary Capital's plans to launch an exchange-traded fund (ETF) based on HBAR. Approval of the instrument could enhance the investment attractiveness of Hedera.

The coin also received support from the overall positivity following the election victory of the pro-cryptocurrency candidate Donald Trump as President of the United States. Recall that Hedera's maximum was recorded on September 16, 2021, at a height of $0.57, which is 34% higher than the current quotes.