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$HBAR mark my words, cryptocurrency will run on hedera in the future. #HederaHashgraph
HBAR’s Rollercoaster Ride: Drops 26% After Doubling in Value
In the last day, Hedera Hashgraph (HBAR) had a wild ride due to confusion and too much optimism. Yesterday, it shot up by over 105% in trading but then quickly dropped by more than 20%. This morning, it continued to fall, losing over 26% of its value. This rollercoaster could give critics more reasons to doubt cryptocurrencies.
Today, Hedera’s price started higher than yesterday’s opening, at $0.156441 compared to $0.090412. However, it quickly fell from its peak of $0.18025 earlier in the day to $0.132002 at the time of writing, marking a steep decline of over 26% in just a short period. But what caused this sudden drop?
Confusion Surrounds Hedera’s Announcement on BlackRock MMF Tokenization
The HBAR Foundation sparked widespread interest on social media when it posted about BlackRock’s ICS US Treasury money market being tokenized on Hedera.
This announcement, hailed as a significant milestone in asset management, garnered over 2 million views within hours. However, some misinterpreted the message, believing that BlackRock had chosen to tokenize its money market fund directly on the Hedera blockchain.
In reality, BlackRock was not directly involved in tokenizing its MMF on Hedera. Instead, the Twitter post referred to the availability of BlackRock MMF shares as tokenized assets on platforms like Archax and Ownera, in addition to Hedera.
Archax clarified this aspect in a blog post the same day, stating that they were expanding their offerings to include the BlackRock ICS US Treasury money market fund as a tokenized asset available on their platform and connected networks.
Social Media Reacts to HBAR Foundation’s Ambiguous Announcement
The HBAR Foundation’s announcement regarding the tokenization of BlackRock’s ICS US Treasury money market fund on Hedera sparked criticism and confusion on social media platforms. Many users, like Chris O (TheOCCryptobro), clarified that BlackRock itself was not directly involved in the tokenization process and had no affiliation with the Hedera protocol.
Chris O explained that the tokenization of the BlackRock fund on Hedera was initiated by a project within the HBAR community, similar to an individual purchasing a Rolex and sharing a photo on social media without implying a partnership with the luxury brand.
Hedera’s Volatility Fuels Anti-Crypto Sentiment
The recent rollercoaster ride experienced by Hedera Hashgraph (HBAR) has provided ammunition to anti-cryptocurrency voices, including prominent figures like Jamie Dimon, regulators, and Federal Reserve presidents. The sharp fluctuations in HBAR’s price, driven by misleading information and non-events, exemplify the type of instability that critics often associate with blockchain technology and cryptocurrencies.
Hedera’s rapid surge, followed by a steep decline within a short timeframe, underscores the perception of volatility without a solid foundation. This episode feeds into the narrative propagated by detractors, who argue that cryptocurrencies and decentralized finance (DeFi) lack stability and reliability, making them unsuitable for widespread adoption.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#HBAR #Hedera #HederaHashgraph #Bitcoin #Ethereum $HBAR
Today, Hedera’s price started higher than yesterday’s opening, at $0.156441 compared to $0.090412. However, it quickly fell from its peak of $0.18025 earlier in the day to $0.132002 at the time of writing, marking a steep decline of over 26% in just a short period. But what caused this sudden drop?
Confusion Surrounds Hedera’s Announcement on BlackRock MMF Tokenization
The HBAR Foundation sparked widespread interest on social media when it posted about BlackRock’s ICS US Treasury money market being tokenized on Hedera.
This announcement, hailed as a significant milestone in asset management, garnered over 2 million views within hours. However, some misinterpreted the message, believing that BlackRock had chosen to tokenize its money market fund directly on the Hedera blockchain.
In reality, BlackRock was not directly involved in tokenizing its MMF on Hedera. Instead, the Twitter post referred to the availability of BlackRock MMF shares as tokenized assets on platforms like Archax and Ownera, in addition to Hedera.
Archax clarified this aspect in a blog post the same day, stating that they were expanding their offerings to include the BlackRock ICS US Treasury money market fund as a tokenized asset available on their platform and connected networks.
Social Media Reacts to HBAR Foundation’s Ambiguous Announcement
The HBAR Foundation’s announcement regarding the tokenization of BlackRock’s ICS US Treasury money market fund on Hedera sparked criticism and confusion on social media platforms. Many users, like Chris O (TheOCCryptobro), clarified that BlackRock itself was not directly involved in the tokenization process and had no affiliation with the Hedera protocol.
Chris O explained that the tokenization of the BlackRock fund on Hedera was initiated by a project within the HBAR community, similar to an individual purchasing a Rolex and sharing a photo on social media without implying a partnership with the luxury brand.
Hedera’s Volatility Fuels Anti-Crypto Sentiment
The recent rollercoaster ride experienced by Hedera Hashgraph (HBAR) has provided ammunition to anti-cryptocurrency voices, including prominent figures like Jamie Dimon, regulators, and Federal Reserve presidents. The sharp fluctuations in HBAR’s price, driven by misleading information and non-events, exemplify the type of instability that critics often associate with blockchain technology and cryptocurrencies.
Hedera’s rapid surge, followed by a steep decline within a short timeframe, underscores the perception of volatility without a solid foundation. This episode feeds into the narrative propagated by detractors, who argue that cryptocurrencies and decentralized finance (DeFi) lack stability and reliability, making them unsuitable for widespread adoption.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#HBAR #Hedera #HederaHashgraph #Bitcoin #Ethereum $HBAR
$HBAR is primed and ready to move into the top 10 MC in this bull cycle.
#HBAR #HederaHashgraph #loading
#HBAR #HederaHashgraph #loading
LIVEHKRin
--
Hausse
✨UPDATE ABOUT HBAR✨
HBAR is going to its important period to prepare for the bullrun.
If you interest, 0.088-0.09 will be a nice price to buy some HBAR 🙌🏻🌟
🚂🚂🚂
#HBAR $HBAR
HBAR is going to its important period to prepare for the bullrun.
If you interest, 0.088-0.09 will be a nice price to buy some HBAR 🙌🏻🌟
🚂🚂🚂
#HBAR $HBAR
🚀🌟 Exciting News Alert! 🌟🚀
🔥 Get Ready for the $HBAR Bull Run! 🔥
📈 It's time to pay attention because $HBAR is on fire! 📈
🚀 With a bullish momentum like never before, Hedera Hashgraph ($HBAR ) is soaring to new heights! 🚀
💥 Why is $HBAR skyrocketing? Here's what's happening:
1️⃣ **Massive Adoption:** Major institutions and enterprises are flocking to Hedera Hashgraph's innovative technology, recognizing its unparalleled speed, security, and scalability.
2️⃣ **Strategic Partnerships:** HBAR is forging strategic partnerships left and right, expanding its ecosystem and driving mainstream adoption across industries.
3️⃣ **Community Buzz:** The HBAR community is buzzing with excitement, spreading the word about Hedera Hashgraph's revolutionary potential and attracting new investors every day.
4️⃣ **Technological Breakthroughs:** With ongoing advancements in its technology stack, Hedera Hashgraph continues to push the boundaries of what's possible in the world of distributed ledger technology.
💰 Don't miss out on this golden opportunity to be part of the HBAR revolution! 💰
🔥 Join the HBAR bull run today and ride the wave to financial success! 🌊📈
#HBAR #Bullish #Crypto #HederaHashgraph #InvestmentOpportunity 🚀🔥
🔥 Get Ready for the $HBAR Bull Run! 🔥
📈 It's time to pay attention because $HBAR is on fire! 📈
🚀 With a bullish momentum like never before, Hedera Hashgraph ($HBAR ) is soaring to new heights! 🚀
💥 Why is $HBAR skyrocketing? Here's what's happening:
1️⃣ **Massive Adoption:** Major institutions and enterprises are flocking to Hedera Hashgraph's innovative technology, recognizing its unparalleled speed, security, and scalability.
2️⃣ **Strategic Partnerships:** HBAR is forging strategic partnerships left and right, expanding its ecosystem and driving mainstream adoption across industries.
3️⃣ **Community Buzz:** The HBAR community is buzzing with excitement, spreading the word about Hedera Hashgraph's revolutionary potential and attracting new investors every day.
4️⃣ **Technological Breakthroughs:** With ongoing advancements in its technology stack, Hedera Hashgraph continues to push the boundaries of what's possible in the world of distributed ledger technology.
💰 Don't miss out on this golden opportunity to be part of the HBAR revolution! 💰
🔥 Join the HBAR bull run today and ride the wave to financial success! 🌊📈
#HBAR #Bullish #Crypto #HederaHashgraph #InvestmentOpportunity 🚀🔥
🤑 Hedera Hashgraph's native token, $HBAR , experienced a significant surge in price following the news of BlackRock's tokenization of its Money Market Fund (MMF) on the Hedera network. The collaboration between Archax, Ownera, and The HBAR Foundation facilitated this groundbreaking tokenization, marking a milestone in asset management by bringing the world's largest asset manager on-chain.
This move highlights the growing trend of real-world asset (RWA) tokenization on blockchain platforms like Hedera, designed for institutional-grade tokenization at scale.
👌Overall, the collaboration between #BlackRock and #HederaHashgraph through the tokenization of MMFs signifies a significant advancement in the adoption of #blockchain technology in traditional finance. This partnership not only validates the utility of blockchain for asset management but also demonstrates the growing interest and confidence in the capabilities of platforms like Hedera for real-world asset tokenization.
#BullorBear
This move highlights the growing trend of real-world asset (RWA) tokenization on blockchain platforms like Hedera, designed for institutional-grade tokenization at scale.
👌Overall, the collaboration between #BlackRock and #HederaHashgraph through the tokenization of MMFs signifies a significant advancement in the adoption of #blockchain technology in traditional finance. This partnership not only validates the utility of blockchain for asset management but also demonstrates the growing interest and confidence in the capabilities of platforms like Hedera for real-world asset tokenization.
#BullorBear
#BlackRock has confirmed they have “👎no commercial relationship” with #HederaHashgraph .
😭(I was very excited after commercial relationship news.)
😭(I was very excited after commercial relationship news.)
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1 röster • Omröstningen avslutad
The Explosive $HBAR Bull Run!"
Get ready for an electrifying ride in the cryptocurrency world as the $HBAR bull run sets the stage for unprecedented excitement! Hedera Hashgraph ($HBAR ) is leading the charge like never before, poised to skyrocket to new heights and captivating the attention of investors globally.
Fueling this meteoric surge of HBAR are several key factors:
1️⃣ Massive Adoption: Major institutions and corporations are wholeheartedly embracing the groundbreaking technology of Hedera Hashgraph, recognizing its unparalleled speed, security, and scalability.
2️⃣ Strategic Partnerships: $HBAR is strategically forging alliances with key players across various industries, expanding its ecosystem and fostering widespread adoption.
3️⃣ Community Enthusiasm: The HBAR community is ablaze with excitement, passionately advocating for the transformative potential of Hedera Hashgraph and attracting a steady stream of new investors.
4️⃣ Continuous Innovation: With a relentless drive for advancement, Hedera Hashgraph continues to push the boundaries of innovation in distributed ledger technology, solidifying its position as a leader in the field.
Don't let this golden opportunity pass you by! Join the HBAR revolution and be part of history in the making.
Jump aboard the HBAR bull run today and surf the wave to financial prosperity! 🌊📈 #HBAR #Bullish #HederaHashgraph #InvestmentOpportunity 🚀🔥 #HotTrends 🚀🔥
Get ready for an electrifying ride in the cryptocurrency world as the $HBAR bull run sets the stage for unprecedented excitement! Hedera Hashgraph ($HBAR ) is leading the charge like never before, poised to skyrocket to new heights and captivating the attention of investors globally.
Fueling this meteoric surge of HBAR are several key factors:
1️⃣ Massive Adoption: Major institutions and corporations are wholeheartedly embracing the groundbreaking technology of Hedera Hashgraph, recognizing its unparalleled speed, security, and scalability.
2️⃣ Strategic Partnerships: $HBAR is strategically forging alliances with key players across various industries, expanding its ecosystem and fostering widespread adoption.
3️⃣ Community Enthusiasm: The HBAR community is ablaze with excitement, passionately advocating for the transformative potential of Hedera Hashgraph and attracting a steady stream of new investors.
4️⃣ Continuous Innovation: With a relentless drive for advancement, Hedera Hashgraph continues to push the boundaries of innovation in distributed ledger technology, solidifying its position as a leader in the field.
Don't let this golden opportunity pass you by! Join the HBAR revolution and be part of history in the making.
Jump aboard the HBAR bull run today and surf the wave to financial prosperity! 🌊📈 #HBAR #Bullish #HederaHashgraph #InvestmentOpportunity 🚀🔥 #HotTrends 🚀🔥
📢📉 Santiment reports that a micropayment platform, supported by Hedera Hashgraph (HBAR), has been removed from the list of service providers for FedNow, the Federal Reserve's real-time gross payment system (RTGS). Instead, Drop has been added. Drop facilitates microtransactions using HBAR, USD, and USDC. As per CoinMarketCap, HBAR is currently trading at $0.05706, reflecting a 1.48% increase. Changes in service providers can influence the adoption and utility of cryptocurrencies in various ecosystems. 🔄💼 #HederaHashgraph #FedNow #MicropaymentPlatform #CryptoUpdates
HBAR’s Rollercoaster Ride: Drops 26% After Doubling in Value
READ HERE: https://www.binance.com/en/square/post/7202692923633
#HBAR #Hedera #HederaHashgraph #Bitcoin #Ethereum $HBAR
READ HERE: https://www.binance.com/en/square/post/7202692923633
#HBAR #Hedera #HederaHashgraph #Bitcoin #Ethereum $HBAR
$HBAR blackrock has nothing to do with hedera #blackrock #fakepump #HederaHashgraph #CautiousTrading
📈 #HBAR/USDT Trade Setup 🚀 $HBAR
📊 Post-bullish breakout from Falling Wedge, price surged to $0.12 (+55% gain). After overbuying (RSI > 80), a pullback offers a potential swing trade entry at the $0.10 key level, aiming for +20% gains to $0.12. SL at $0.093. (Set a price alert!)
📈 Trend: Uptrend (ST, MT, LT)
🚀 Momentum: Bullish. MACD Line > Signal Line, RSI > 55.
🔍 Supp/Res: $0.090 (prev. resistance), $0.070-$0.077 / $0.100 (Broke), $0.120
🚨 Set alerts & manage risk!
🎯 Buy Signal: Pullback near $0.10 (Potential swing trade entry)
🎯 Sell Target: $0.12 (Potential continuation)
🛑 Stop Loss: $0.093
Stay vigilant! 🚀 #HBAR #HederaHashgraph #CryptoTrading #Write2Earn
📊 Post-bullish breakout from Falling Wedge, price surged to $0.12 (+55% gain). After overbuying (RSI > 80), a pullback offers a potential swing trade entry at the $0.10 key level, aiming for +20% gains to $0.12. SL at $0.093. (Set a price alert!)
📈 Trend: Uptrend (ST, MT, LT)
🚀 Momentum: Bullish. MACD Line > Signal Line, RSI > 55.
🔍 Supp/Res: $0.090 (prev. resistance), $0.070-$0.077 / $0.100 (Broke), $0.120
🚨 Set alerts & manage risk!
🎯 Buy Signal: Pullback near $0.10 (Potential swing trade entry)
🎯 Sell Target: $0.12 (Potential continuation)
🛑 Stop Loss: $0.093
Stay vigilant! 🚀 #HBAR #HederaHashgraph #CryptoTrading #Write2Earn
Dip buy zones worked out several times and $HBAR pumped to 0.18077 which makes over 200% profit from my November signal 🚀
Pretty unnatural pump and dump now. Zone that has to act as #HBAR bulls support in order to let that move expend higher is around 0.105-0.115 - I wouldn't enter long higher than that.
#HederaHashgraph #hedera
Pretty unnatural pump and dump now. Zone that has to act as #HBAR bulls support in order to let that move expend higher is around 0.105-0.115 - I wouldn't enter long higher than that.
#HederaHashgraph #hedera
BlackRock tokenizes Money Market Fund on Hedera, HBAR surges!
Archax, a regulated digital asset exchange and custodian, has partnered with the HBAR Foundation to tokenize shares of BlackRock's ICS US Treasury Money Market Fund on the Hedera network. This marks a significant development in the real-world asset (RWA) tokenization space and could potentially open up new avenues for institutional investment in the crypto market.
The news has fueled a surge in HBAR's price, which has skyrocketed over 75% in the past day. This follows on the heels of abrdn plc tokenizing its MMFs on Hedera last year, further solidifying the network's position as a viable platform for tokenized securities.
What are your thoughts on this development? Will it lead to wider adoption of Hedera and tokenized assets?
#HederaHashgraph #HBARUSD #Cryptocurrency #SecurityTokenization #BlackRock
Archax, a regulated digital asset exchange and custodian, has partnered with the HBAR Foundation to tokenize shares of BlackRock's ICS US Treasury Money Market Fund on the Hedera network. This marks a significant development in the real-world asset (RWA) tokenization space and could potentially open up new avenues for institutional investment in the crypto market.
The news has fueled a surge in HBAR's price, which has skyrocketed over 75% in the past day. This follows on the heels of abrdn plc tokenizing its MMFs on Hedera last year, further solidifying the network's position as a viable platform for tokenized securities.
What are your thoughts on this development? Will it lead to wider adoption of Hedera and tokenized assets?
#HederaHashgraph #HBARUSD #Cryptocurrency #SecurityTokenization #BlackRock
🚀 $HBAR Price Surge Alert & Prediction! 🚀
🙋 What Happened?
Hedera Hashgraph ( #HBAR ) experienced a meteoric 75% rise to a two-year high this Tuesday. The spike came after a buzz around asset manager Blackrock's involvement in a fund tokenization project on the Hedera blockchain—though it turned out, Blackrock wasn't directly involved. Despite this, the price saw a significant upswing before stabilizing after the clarification.
Current Outlook:
📈 Future Forecast: We're eyeing an optimistic rise in $HBAR 's price. Predictions suggest a 32.46% increase, targeting a price of $0.171908 by May 24, 2024.
🔍 Market Sentiment: The vibe is Bullish! With the Fear & Greed Index at 72, indicating 'Greed', the market mood is charged for gains.
📊 Recent Performance: Hedera Hashgraph marked 15 out of 30 green days with a volatility of 13.34% in the last month.
❗️ Investor's Note:
Given the bullish sentiment and favorable market conditions, now might be a strategic moment to consider adding $HBAR to your portfolio.
💡 Follow me for more updates and insights on Hedera Hashgraph as we track its journey in this dynamic market!
#HBAR #HederaHashgraph #BinanceLaunchpool #BullorBear
🙋 What Happened?
Hedera Hashgraph ( #HBAR ) experienced a meteoric 75% rise to a two-year high this Tuesday. The spike came after a buzz around asset manager Blackrock's involvement in a fund tokenization project on the Hedera blockchain—though it turned out, Blackrock wasn't directly involved. Despite this, the price saw a significant upswing before stabilizing after the clarification.
Current Outlook:
📈 Future Forecast: We're eyeing an optimistic rise in $HBAR 's price. Predictions suggest a 32.46% increase, targeting a price of $0.171908 by May 24, 2024.
🔍 Market Sentiment: The vibe is Bullish! With the Fear & Greed Index at 72, indicating 'Greed', the market mood is charged for gains.
📊 Recent Performance: Hedera Hashgraph marked 15 out of 30 green days with a volatility of 13.34% in the last month.
❗️ Investor's Note:
Given the bullish sentiment and favorable market conditions, now might be a strategic moment to consider adding $HBAR to your portfolio.
💡 Follow me for more updates and insights on Hedera Hashgraph as we track its journey in this dynamic market!
#HBAR #HederaHashgraph #BinanceLaunchpool #BullorBear
Hedera (HBAR) Sees Surge in New Account Creation
Hedera (HBAR) is on the rise following a notable increase in new account creations. While the overall market recovery has played a part, the uptick in HBAR also reflects the natural growth of the Hedera project.
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The Hedera network is growing, with more transactions and active users, mainly due to long-term DeFi projects. Recently, there’s been a quick rise in new addresses, as observed by Hedera users. This surge in active wallets is mostly linked to DeFi initiatives, with some input from NFT owners in the last six months. Enterprises can create up to 100 wallets at once using BitGo for Hedera’s new address setup.
Hedera’s Rise in DeFi: Expanding Horizons
In recent months, other platforms and blockchains have seen big gains from DeFi’s comeback. Hedera stands out for hosting various decentralized markets and lending programs, including ones like Pangolin DEX that have expanded to different chains.
Get Instant 100,000 CHIKA Tokens Airdrop Worth Of $100 USD Free On www.ChikaMoji.lol
While Hedera currently doesn’t have a lot of value locked in DeFi, it saw significant growth about six months ago. Decentralized trading and liquidity mining played big roles in bringing attention to the project, shifting focus from its long-term goals in global finance.
Hedera recently announced a partnership with similar projects aiming to shake up the finance sector. Working with Algorand, Ripple, XRPL Labs, Constellation, and Casper, Hedera is forming the Decentralized Recovery Alliance (DeRec), focusing on new ideas in finance.
Get Instant 100,000 CHIKA Tokens Airdrop Worth Of $100 USD Free On www.ChikaMoji.lol
Hedera’s Diverse Growth Strategy
Undoubtedly, Hedera has reaped rewards from the resurgence of DeFi and the 2024 bull market. Yet, the project remains focused on its long-term objectives, striving to aggressively expand its range of use cases.
Also Read: Will MATIC Drop to $0.61 in May Despite Holding Key Level?
Introducing a new Beta program for app developers, Hedera aims to empower them with its technology. Recently, Hedera approved a fresh batch of projects, including Vayana Official, Inveniam, and FreshSupply, all geared towards advancing blockchain-based finance. These selected projects operate at the intersection of traditional payments and tokenization, contributing to Hedera’s growing ecosystem.
Get Instant 100,000 CHIKA Tokens Airdrop Worth Of $100 USD Free On www.ChikaMoji.lol
Beta Program Update: Due to the huge number of applications, we have spoken with the manufacturer and have secured another delivery of sensors!This has allowed us to double the number of successful beta program participants to 60 people, split between 2 delivery batches (3…— Neuron (@Neuron_World) May 15, 2024
While IoT projects in the crypto space have often been met with skepticism, Hedera is making strides in this arena. With its capacity to handle high volumes of microtransactions and a design akin to IOTA and other graph-based networks, Hedera is well-equipped for IoT applications. The Neuron World Beta program, allowing developers to create and test sensors for everyday objects, is a testament to Hedera’s commitment to IoT development.
With 32 known nodes currently, the Hedera network boasts a global presence. These nodes, which stake 22 billion HBAR tokens during predetermined periods, are distributed worldwide, with several, including those operated by BitGo and Chainlink, based in the USA.
Get Instant 100,000 CHIKA Tokens Airdrop Worth Of $100 USD Free On www.ChikaMoji.lol
Hedera’s Community Focus and Market Positioning
Hedera has consistently prioritized community engagement and visibility efforts. The rise of DeFi activity on the network has played a crucial role in lifting HBAR from its bear market lows.
Market Performance and Volatility: HBAR recently traded at $0.11, rebounding from its lows of $0.09 but still below the monthly peak of $0.17. Known for its volatility, HBAR may revisit the lower end of the monthly range, although traders anticipate the next breakout.
Get Instant 100,000 CHIKA Tokens Airdrop Worth Of $100 USD Free On www.ChikaMoji.lol
Technical Analysis and Trading Volumes: Despite trading below its 200-day moving average, some traders believe HBAR may have reached its short-term bottom. Daily trading volumes remain relatively low at just under $100 million, but during active trading periods, activity has surged to $3.5 billion.
Market Expectations and Upside Potential: Expectations are high that Hedera will join the ranks of blue-chip projects in this market cycle. HBAR has gained visibility, securing a spot among the top 30 coins and tokens, with the potential to climb higher in the rankings. Signs of accumulation in recent weeks suggest that HBAR could experience significant upside, with the possibility of achieving 10x growth in the event of a new altcoin bull rally.
Get Instant 100,000 CHIKA Tokens Airdrop Worth Of $100 USD Free On www.ChikaMoji.lol
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#Bitcoin #Ethereum #HBAR #HederaHashgraph #Hedera $HBAR $BTC $ETH
Get Instant 100,000 CHIKA Tokens Airdrop Worth Of $100 USD Free On www.ChikaMoji.lol
The Hedera network is growing, with more transactions and active users, mainly due to long-term DeFi projects. Recently, there’s been a quick rise in new addresses, as observed by Hedera users. This surge in active wallets is mostly linked to DeFi initiatives, with some input from NFT owners in the last six months. Enterprises can create up to 100 wallets at once using BitGo for Hedera’s new address setup.
Hedera’s Rise in DeFi: Expanding Horizons
In recent months, other platforms and blockchains have seen big gains from DeFi’s comeback. Hedera stands out for hosting various decentralized markets and lending programs, including ones like Pangolin DEX that have expanded to different chains.
Get Instant 100,000 CHIKA Tokens Airdrop Worth Of $100 USD Free On www.ChikaMoji.lol
While Hedera currently doesn’t have a lot of value locked in DeFi, it saw significant growth about six months ago. Decentralized trading and liquidity mining played big roles in bringing attention to the project, shifting focus from its long-term goals in global finance.
Hedera recently announced a partnership with similar projects aiming to shake up the finance sector. Working with Algorand, Ripple, XRPL Labs, Constellation, and Casper, Hedera is forming the Decentralized Recovery Alliance (DeRec), focusing on new ideas in finance.
Get Instant 100,000 CHIKA Tokens Airdrop Worth Of $100 USD Free On www.ChikaMoji.lol
Hedera’s Diverse Growth Strategy
Undoubtedly, Hedera has reaped rewards from the resurgence of DeFi and the 2024 bull market. Yet, the project remains focused on its long-term objectives, striving to aggressively expand its range of use cases.
Also Read: Will MATIC Drop to $0.61 in May Despite Holding Key Level?
Introducing a new Beta program for app developers, Hedera aims to empower them with its technology. Recently, Hedera approved a fresh batch of projects, including Vayana Official, Inveniam, and FreshSupply, all geared towards advancing blockchain-based finance. These selected projects operate at the intersection of traditional payments and tokenization, contributing to Hedera’s growing ecosystem.
Get Instant 100,000 CHIKA Tokens Airdrop Worth Of $100 USD Free On www.ChikaMoji.lol
Beta Program Update: Due to the huge number of applications, we have spoken with the manufacturer and have secured another delivery of sensors!This has allowed us to double the number of successful beta program participants to 60 people, split between 2 delivery batches (3…— Neuron (@Neuron_World) May 15, 2024
While IoT projects in the crypto space have often been met with skepticism, Hedera is making strides in this arena. With its capacity to handle high volumes of microtransactions and a design akin to IOTA and other graph-based networks, Hedera is well-equipped for IoT applications. The Neuron World Beta program, allowing developers to create and test sensors for everyday objects, is a testament to Hedera’s commitment to IoT development.
With 32 known nodes currently, the Hedera network boasts a global presence. These nodes, which stake 22 billion HBAR tokens during predetermined periods, are distributed worldwide, with several, including those operated by BitGo and Chainlink, based in the USA.
Get Instant 100,000 CHIKA Tokens Airdrop Worth Of $100 USD Free On www.ChikaMoji.lol
Hedera’s Community Focus and Market Positioning
Hedera has consistently prioritized community engagement and visibility efforts. The rise of DeFi activity on the network has played a crucial role in lifting HBAR from its bear market lows.
Market Performance and Volatility: HBAR recently traded at $0.11, rebounding from its lows of $0.09 but still below the monthly peak of $0.17. Known for its volatility, HBAR may revisit the lower end of the monthly range, although traders anticipate the next breakout.
Get Instant 100,000 CHIKA Tokens Airdrop Worth Of $100 USD Free On www.ChikaMoji.lol
Technical Analysis and Trading Volumes: Despite trading below its 200-day moving average, some traders believe HBAR may have reached its short-term bottom. Daily trading volumes remain relatively low at just under $100 million, but during active trading periods, activity has surged to $3.5 billion.
Market Expectations and Upside Potential: Expectations are high that Hedera will join the ranks of blue-chip projects in this market cycle. HBAR has gained visibility, securing a spot among the top 30 coins and tokens, with the potential to climb higher in the rankings. Signs of accumulation in recent weeks suggest that HBAR could experience significant upside, with the possibility of achieving 10x growth in the event of a new altcoin bull rally.
Get Instant 100,000 CHIKA Tokens Airdrop Worth Of $100 USD Free On www.ChikaMoji.lol
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#Bitcoin #Ethereum #HBAR #HederaHashgraph #Hedera $HBAR $BTC $ETH
