Hedera (HBAR) Emerges as Top-Performing Altcoin
Hedera (HBAR), a decentralized public network known for its near real-time consensus and developer-friendly environment, has become one of the leading altcoins in the crypto market. With bullish sentiment returning to the overall market, HBAR has demonstrated impressive growth and positioned itself among the top 100 cryptocurrencies by market capitalization.
Trading Volume for HBAR Soars by 200%
HBAR has experienced significant gains over the past fourteen days, surging nearly 50%. This upward momentum extends to the thirty-day and year-to-date time frames, with gains of 36.8% and 15% respectively. In just the past seven and twenty-four hours, HBAR’s price has continued to rise, skyrocketing by 33.5% and 17% respectively. These price movements have pushed HBAR to a new 20-month high of $0.1060.
The surge in trading volume reflects increased market activity surrounding HBAR, with a 204.90% increase from one day ago according to CoinGecko data.
Hedera Network Welcomes Mondelēz International
The Hedera Council, responsible for overseeing the Hedera public network, has recently announced significant partnerships as cryptocurrency adoption gains momentum among major companies. One notable addition to the Council is Mondelēz International, a multinational food company known for its global brands such as Oreo and Cadbury Dairy Milk.
The partnership between Hedera and Mondelēz International will focus on digital transformation initiatives, supply chain management, and enhancing core business processes using distributed ledger technology on the Hedera network.
Hot Take: Hedera (HBAR) Poised for Future Growth
Hedera’s protocol and native token HBAR have experienced substantial growth in market capitalization, trading volume, and partnerships. This reflects the increasing interest from investors in the protocol’s offerings. While market corrections are possible following recent gains, HBAR appears well-positioned to continue its upward trajectory as one of the top-performing altcoins in the current bull run.
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