4 Most 100x Cryptocurrencies to Watch During the 2024 Bull Run
4. HBAR
Hedera stands out in the blockchain space primarily because it is a decentralized public network. This unique technology improves transaction speed, efficiency, and capacity while remaining decentralized, distributed, and secure. HBAR received a strong boost a month ago when BlackRock’s Money Market Fund (MMF) went live on the Hedera chain.
HBAR is both a general-purpose cryptocurrency and a utility token for the Hedera network. Its uses range from paying transaction and staking fees to in-app payments. Hedera’s price has risen by more than 108% in the past 1 year.
In February 2024, the Saudi Arabian government invested $250 million in Hedera to establish the DeepTech Startup Studio in Riyadh, which aims to leverage advances in artificial intelligence, quantum computing, and virtual reality. In addition, a $50 million deal with Qatar prompted the Hedera Hashgraph Association to create a digital asset startup studio to accelerate digital financial research and development. On May 15, as the application was announced in Doha, more than 83,000 new wallets were created on Hedera's distributed ledger. Hedera's price prediction for 2024 suggests that HBAR could reach $0.62643.
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