Hedera ( $HBAR ) is considered one of the projects with a bullish outlook in 2024. It is currently relevant to two major narratives in the market: Real World Assets ( #RWA ) and Central Bank Digital Currency ( #CBDC ) , which are expected to materialize in Q4 2024. Similar to Quant, it addresses two significant themes at once.

In terms of tokenomics, the project is already stable with a substantial market capitalization and over 50% of tokens already in circulation. Despite this stability, in the current supermegacycle, there is still a high possibility for Hedera to experience a doubling in price.

Hedera has also been observed to undergo a significant increase in Total Value Locked (TVL) of up to 146% YTD.

Additionally, Hedera boasts a #DeFi platform called HBAR Suites, where the USDC within its protocol is experiencing significant growth.

This summarizes the bullish case for Hedera ( $HBAR ) in 2024.