HBAR, the native cryptocurrency of the Hedera Hashgraph network, has surged by 41% in the last 24 hours, reaching $0.24 and breaking the $0.20 barrier for the first time in two years. This increase has boosted activity in its derivatives market, with open interest hitting an all-time high. Speculation about a potential collaboration between Ripple and Hedera for a global settlement standard has contributed to the price surge. Additionally, a proposal for the first Hedera HBAR spot ETF has been submitted to the SEC by Canary Capital. The surge in open interest, currently at $222 million, reflects market interest. Positive funding rates and the Super Trend indicator suggest a bullish outlook, with a potential price target of $0.30. However, a decline in momentum could lead to a drop to $0.15. This analysis serves for informational purposes only, and readers are advised to conduct their own research before making financial decisions. Read more AI-generated news on: https://app.chaingpt.org/news

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