👀 Hedera Hashgraph price analysis as experts see $HBAR hitting $1

Hedera Hashgraph price has made a strong bullish trend in the past few weeks, making it one of the best-performing layer-1 networks in the industry. The HBAR token was trading at $0.1670 on Saturday, a few points below the year-to-date high of $0.1866. It has jumped by over 300% from its lowest point this year.

🔸 Analysts are bullish on Hedera Hashgraph price

Crypto analysts are extremely bullish on the HBAR price. In a recent statement, Trader Rocko, a popular analyst in the industry, noted that the coin would soon jump to $0.20, up by about 20% from the current level. He believes that the coin would jump to $1 in the long term.

GripeCoin, another popular analyst predicted that the Hedera Hashgraph price would jump to $15, implying a 8,830% surge from the current level. If that happens, it would push Hedera’s market cap from the current $6.4 billion to over $570 billion.

$HBAR: This looks like an attempted upside breakout from an Elliott Wave triangle. The move to the upside is very extended and could form a price top at any point, but one more high is likely developing. The next upside levels to watch are $0.176, $0.20 and $0.23. #HBAR

🔸 HBAR’s ecosystem is doing well

Hedera Hashgraph’s network is doing relatively well as investors move to its network. Data by DeFi Llama shows that the total value locked (TVL) soared to over $121.7 million, its highest level since April this year. This is a strong recovery since the network had about $44 million in assets.

SaucerSwap, the biggest player in the network, had over $92.9 million in assets, a 132% increase from the same point last month. Stader, a top player in the liquid staking industry, has over $76.9 million in assets, while Bonzo Finance, HbarSuite, and HeliSwap have over $3 million in assets.

The volume of cryptocurrencies traded in Hedera’s DEX protocols has been in a strong uptrend in the past few weeks.