#Layer1公链普涨
HBAR price soars! Unveiling the truth behind it
Recently, the price of HBAR from Hedera Hashgraph suddenly increased. It turns out that data shows more and more HBAR is flowing out of cryptocurrency exchanges. Generally speaking, when cryptocurrencies flow out of exchanges, it is often a good sign that investors are hoarding coins. Well-known analyst Sean mentioned in a cross post that there are "not many" HBAR available for purchase on exchanges.
Another analyst pointed out that as people's interest in HBAR continues to heat up, its price is also on the rise. He cited Google Trends data showing that more and more people are starting to search for HBAR. Typically, an increase in Google search volume often means that traders are beginning to worry about missing investment opportunities.
The price increase of Hedera Hashgraph may also have another reason, which is that former U.S. President Trump is considering candidates for the next chairman of the Securities and Exchange Commission. While Paul Atkins is a leading candidate, Hashgraph board member Brian Brooks has also been mentioned. Data from Kalshi shows that Brooks has a 21% chance of being selected.
Meanwhile, after Canary Capital applied to launch an HBAR exchange-traded fund (ETF), the price of Hedera Hashgraph also surged. Analysts expect that due to the good performance of Ethereum and Bitcoin ETFs this year, the U.S. Securities and Exchange Commission (SEC) is likely to approve these funds.
