Hedera Price Surges 32% Over Past Week

The value of Hedera native cryptocurrency, HBAR surged by 32% in the past week with a 9 dollar increase in the last 24 hours alone.

Over the past week, the value of HBAR, the native cryptocurrency of the enterprise-grade blockchain network Hedera, has increased by 32 percent.

The price of Hedera (HBAR) has increased by another 9 dollars over the previous 24 hours, raising over $0.11, while trade volumes have increased by 26%, surpassing $300 million.

Following the findings of cryptocurrency analyst Crypto Troll, the price of Hedera is exhibiting bullish indicators on several technical metrics.

The analyst observed that the trading volumes for HBAR have increased by an astounding 1,000 percent over the past three days, indicative of the robust demand from investors.

The Crypto Troll (NOT!) also brought attention to several technical indications that indicated that HBAR was experiencing bullish momentum.

In his tweet, he underlined his optimism by adding, “I believe there is a high probability that $HBAR will surge to $0.30 within the next two to three weeks.”

MACD, Stochastic Relative Strength Index, Relative Strength Index, Williams Percent Change, and Awesome Oscillator all point to an upward trend.

As we move forward into 2024, analysts’ sentiment on Hedera is fairly bullish as we move forward into the year 2024. Some analysts also believe that HBAR’s price will surpass its previous all-time highs and hit $1 this academic year.

The projected strategic alliances are expected to play a significant role in determining the future course of action for HBAR by the year 2025. These collaborations have the potential to broaden the scope of HBAR’s ecosystem and boost its applicability across a variety of industries.

These agreements are predicted to not only broaden the reach of HBAR but also strengthen the organization’s standing as a trailblazer in the cryptocurrency industry.

Hedera’s governance style and commitment to environmental sustainability are two more factors that contribute to HBAR’s popularity.

By addressing some of the most significant difficulties that blockchain technology faces, such as energy consumption and efficiency, Hedera proves its leadership and forward-thinking orientation.

There is a widespread belief among crypto enthusiasts that HBAR has significant potential for growth over the long run compared to other networks.

Several essential factors differentiate HBAR from its competitors, including SOL, FLUX, MINA, QUANT, and ALGO. These critical factors are speed, security, and scalability.