Hedera Hashgraph (HBAR): The Latest Information You Must Know

Bittime -  Hedera Hashgraph (HBAR) is increasingly attracting the attention of many people, both among investors and cryptocurrency fans. With backing from major companies like Google, IBM, and Boeing, HBAR has the potential to change the world of decentralized finance. So, can the price of HBAR reach $100? 

In this article, we will review HBAR's growth potential, existing challenges, and potentially very favorable price prospects.

HBAR Experienced a Drastic Increase

In the last month, HBAR has experienced an extraordinary price spike. The token soared by 430%, reaching a new high of $0.392. This price increase also increased HBAR's market capitalization to nearly $13 billion. 

This achievement has certainly attracted the attention of many investors, although there are some who doubt whether HBAR can maintain its positive momentum in the long term.

However, analysts believe that while $100 may seem ambitious, it is still achievable, provided there is significant growth in market capitalization and real-world adoption. With Hedera's potential to penetrate important sectors such as tokenized assets and supply chain management, this figure may not be impossible.

Read also: Top 10 Hedera Hashgraph Projects that Make You Feel at Home as a $HBAR Token Holder

HBAR Growth Potential

Analysts explain that to reach $100, Hedera Hashgraph's market capitalization would need to reach around $5 trillion. While this is a very high number, several factors make the potential even more realistic. 

HBAR has a great opportunity to penetrate the huge global capital marketar, including the $110 trillion global stock market and the even larger derivatives market.

With the ability to implement decentralized applications (dApps), supply chain management, and decentralized finance (DeFi) at scale, and backed by large companies, HBAR has a great opportunity to compete in the global blockchain market.

Read also: Kapan HBAR All Time High (ATH)?

Interesting On-Chain Metrics

The latest on-chain metrics show both opportunities and challenges for Hedera. On December 3, 2024, HBAR recorded its highest on-chain transaction volume reaching $68 million, indicating increased user activity. 

However, even though transaction volume increased, Total Value Locked (TVL) on the network actually decreased, from $211 million to $196 million. This decline indicates that although many users are active, there is a possibility of decreasing interest in DeFi applications on Hedera or investors shifting their funds to other platforms.

Strong Institutional Support

One of the biggest advantages of Hedera Hashgraph is its involvement with various large companies that sit on its management board, such as Google, IBM, and Boeing. The backing of these companies gives HBAR more credibility than many other cryptocurrencies. If Hedera can attract more industrial sectors related to these companies, demand for HBAR could experience a significant spike.

However, to reach the $100 price target, Hedera needs to continue developing its ecosystem and attract more developers and companies to join their platform. Scalability is one of the main factors to achieve this goal. 

Hedera is capable of processing up to 10,000 transactions per second with very low transaction fees, making it a very attractive option for global adoption.

The Future of HBAR

Although the $100 price tag seems very ambitious, Hedera Hashgraph's potential backed by advanced technology and large companies makes it a project worth paying attention to. 

If the market increasingly adopts decentralized finance and the tokenized economy, HBAR has the potential to experience significant growth in the next few years.

With a strong foundation and support from large companies, HBAR has the opportunity to become one of the leading blockchains in the world. For investors and cryptocurrency enthusiasts, HBAR offers great potential. 

As technology develops and more sectors adopt the Hedera platform, the price of HBAR could soar, even reaching very profitable figures in the future.

FAQ Ivy (HBAR)

What is Hedera Hashgraph (HBAR)?

Hedera Hashgraph is a decentralized platform that uses Hashgraph technology for fast, secure and cheap transactions, different from blockchain. It enables the development of decentralized applications (DApps), cryptocurrency payments, and identity management with high efficiency.

Who is the founder of Hedera Hashgraph?

Hedera was founded by Dr. Leemon Baird, founder of Hashgraph, Mance Harmon, CEO of Hedera, and Paul Madsen, CTO. They are experienced in cybersecurity and technology, and have a strong background in software development.

How is Hedera different from blockchain?

Hashgraph on Hedera offers higher transaction speeds, lower fees, and is more secure than blockchain. By using a directed graph (DAG) structure rather than blocks, Hedera ensures transactions are more efficient without sacrificing decentralization and security.

 

Reference

Binance, HBAR To Hit $100? Analyst Points To Utility And Market Cap Potential, accessed December 11, 2024.

Trading View, HBAR To Hit $100? Analyst Points To Utility And Market Cap Potential, accessed December 11, 2024.

Author: MF