The token #HBAR , the native coin of the Hedera Hashgraph blockchain project, soared in price by 700% in a month and entered the top 20 cryptocurrencies by market capitalization.
What is Hedera Hashgraph?
This is a public blockchain launched in 2019 as a platform for decentralized services for businesses. Hedera is characterized by high scalability and low fees. The governing council of the project includes giants such as Boeing, Deutsche Telekom, IBM, and Google.
Why is HBAR rising?
Several factors have contributed to the explosive growth of HBAR:
* ETF Application: Canary Capital has applied to launch an exchange-traded fund (ETF) based on Hedera.
* New SEC Chair: Brian Brooks, former CEO of Binance and board member of the Hedera fund, may become the SEC chairman.
* Rumors of collaboration with Ripple: The community is discussing potential collaboration between Hedera and Ripple within the RLUSD stablecoin project.
Interest in Hedera is reaching record levels:
Google Trends data shows the highest interest in the project in 5 years.
What does Hedera do?
Hedera is used to launch private networks and develop projects in the fields of payments, identification, accounting, and other business processes. Dozens of dApps operate on the network, applied in healthcare, scientific research, payment systems, and other areas.
Conclusion: Hedera is attracting increasing attention due to its technological advantages and potential for real-world applications. The growth #HBAR reflects high community expectations regarding the project's future.