Hedera Price Surges 15% On New Launches – Crypto News – Crypto News
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Hedera Price Surges 15% On New Launches – Crypto News

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3 years ago

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HBAR Crypto News: The price of Hedera (HBAR) has become one of the top cryptocurrencies this week to witness a significant price increase while avoiding the crypto market’s To install gloomy fall. If the current market conditions hold, the HBAR price may continue its upward trajectory toward more desirable levels of liquidity.

Hedera’s Growing Ecosystem

Hadera, which is powered by its own proprietary Hashgraph technology, continues to gain the interest of investors as the smart contract platform sees a growing number of projects building on top of the network. This development has also led to an increase in its overall TVLwhich currently boasts around $137 million, according to DefiLlama.

Read More: Check Out The Top 10 DeFi Lending Platforms Of 2023

Hedera’s multiple announcements this week, have have been Received with a favorable reply from the token’s recently prices action. Notable events include the launch of a new metaverse fund worth $1 million through the AfroFuture Dao and the release of a new NFT campaign called “Ashfall.”

The metaverse The fund’s primary objective is to target the African market, thus bolstering the development of projects that would be added to the Hedera network. At the time of writing, it has already launched its first initiatives, which according to reports, would make it possible for high-profile musicians to benefit from HBAR NFTs. Additionally, the new Ashfall NFT, developed by critically acclaimed “Days Gone” director John Garvin, has met with much appreciation from the Hedera community.

Hedera (HBAR) Price Action

It should also be mentioned that on February 7, the DAG-based platform’s governing council welcomed the technology giant dell as its 28th new member. The governing board already has representation from a variety of illustrious corporations, such as Boeing, IBM, Google, LG, Ubisoft, and others. Within just two hours of the publication of this piece of HBAR crypto news, the value of the crypto token increased by approximately 14%. Over the course of the last thirty days, the leading cryptocurrency has experienced a meteoric increase of over 85%.

Additionally, it should be noted that HBAR’s technical analysis (TA) indicators at CoinGape’s crypto market tracker recommend a strong buying opportunity as summarized by the moving averages; suggesting a “buy” at 15 and “neutral” at a level 9. Reacting to the recent HBAR crypto news, the price of Hedera is currently trading at $0.087 which represents an increase of 15% over the past 24 hours, in contrast to a jump of 17% over the last seven days.

Also Read: Rich Dad Poor Dad Author Predicts “Valentine Day Massacre”, Another Crypto Crash?

Pratik has been a crypto evangelist since 2016 & been through almost all that crypto has to offer. Be it the ICO boom, bear markets of 2018, Bitcoin halving to till now – he has seen it all.

The content presented may include the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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