Will HBAR Hit $1 by the End of 2021?
HBAR just broke a two-year structure and has gained a hike of 10% in a single day. It has maintained a bullish trend for over ten days, resulting in the opening of 75,000 new accounts and one million transactions on the network. With this current growth, there is speculation about HBAR hitting $1 by the end of this year. Let’s explore further.
HBAR Market Performance Milestones
Hedera (HBAR) is the token for Hedera Hashgraph, an alternative to traditional blockchains. It serves as fuel for transactions, Smart Contracts, and file storage on the network.
Hedera recently partnered with Mondelēz International, the parent company of Oreo and Cadbury. This collaboration has not only created opportunities for the company but has also led to a rise in the price of HBAR.
According to CoinmarketCap, HBAR has experienced a 22.5% increase in value in recent days and is currently trading at $0.09425. The trading volume has also seen a significant surge, reaching $141,120,608. Despite its massive maximum supply of 50,000,000,000 tokens, HBAR’s price remains relatively low. In September 2021, HBAR reached its peak value of $0.4769, sparking expectations of reaching $1 one day.
What Happens if Hedera (HBAR) Hits $1?
If HBAR reaches $1 from its current price of around $0.1:
- You would make ten times your investment if you bought at today’s price.
- Your portfolio would likely see overall profits, as a bullish market would drive up the prices of other cryptocurrencies.
- Diversifying your portfolio is crucial to mitigate losses during market downturns.
HBAR Price Prediction: Will Hedera (HBAR) Hit $1 in 2024?
Although HBAR has not yet reached $1, there are high expectations within the community. The recent growth and positive sentiment have led many to predict HBAR reaching $1 by the end of 2024. However, these predictions are never certain.
Technical indicators suggest a bullish market sentiment, with a greed index of around 76 contributing to the HBAR price hike. If this trend continues, HBAR may break records by the end of the year. However, current analysis only suggests a potential price of $0.360208 by 2026. It is hoped that HBAR will touch the $1 mark by 2030.
Conclusion
The recent surge in HBAR prices has sparked hope among investors for reaching the $1 mark by the end of this year. The crypto market is currently in a greed zone, and Hedera’s partnership with Mondelēz International has contributed to its price increase. While $1 may not be imminent, it is expected to happen by 2030. Investors should monitor the market closely and make informed investment decisions accordingly.
Hot Take: HBAR’s Impressive Growth and Future Potential 🚀
HBAR has demonstrated remarkable growth recently, breaking through long-standing barriers and maintaining a bullish trend. With over 75,000 new accounts opened and one million transactions completed on the network during this period, it is evident that HBAR has gained significant traction.
The partnership between Hedera and Mondelēz International has further fueled HBAR’s rise, showcasing its potential for further growth. While reaching $1 by the end of this year may be ambitious, the positive market sentiment and technical indicators suggest a promising future for HBAR. As an investor, keeping a close eye on HBAR’s performance and market trends can help you make informed decisions about its potential as an investment.
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