HBAR Could Reach $100 Driven by the $5 Trillion Market Goal of Hedera Hashgraph
Top analysts claim that Hedera has what it takes to capture 5-10% of the global stock market.
The protocol has strong industry backing and technology to drive its economic value upwards.
Hedera Hashgraph and its native digital asset, HBAR, are making waves in the cryptocurrency market. With an ambitious market capitalization target of 5 trillion dollars, Hedera aims to capture a considerable share of the global equity and derivatives markets.
Analysts Target $100 for HBAR
A market analyst with the username @BlockAxis on the social media platform X believes that HBAR could reach $100. BlockAxis revealed that this bold prediction is based on market capitalization, mathematics, and real-world utility.
According to the analyst, HBAR would need a market capitalization of about 5 trillion dollars to reach $100. To analyze how HBAR would achieve this bold target, BlockAxis took into account data on the size of the global stock market, the derivatives market, and payments.
The analyst pointed out that Hedera's potential is driven by the global stock market, valued at approximately 110 trillion dollars, and the much larger derivatives markets. The analyst added that Hedera's mission to become the decentralized network for tokenized economies positions it to capture a large part of these markets.
In their view, Hedera's focus on real-world applications, such as tokenized assets, supply chain management, and decentralized finance (DeFi), can drive substantial demand for HBAR.
