What’s the hype around Hedera Hashgraph?
What is Hedera Hashgraph (HBAR)?
HBAR News and Updates
The Price Growth of Hedera Hashgraph (HBAR)
Reasons for Hedera Hashgraph’s Price Increasement
Hedera Hashgraph (HBAR) Price Prediction According to Experts
Is It Too Late to Buy HBAR in 2022?
How to Buy Hedera Hashgraph (HBAR) on Zipmex
The popularity of Hedera Hashgraph has started to increase after Elon Musk uploaded a tweet from his Twitter account in February 2022. The tweet was allegedly a form of support for Hedera Hashgraph. If you are interested in investing with Hedera Hashgraph, find out the Hedera Hashgraph (HBAR) price prediction in 2022 in this article.
What’s the hype around Hedera Hashgraph?
After dominating headlines and social media posts earlier in 2022, Hedera Hashgraph transitioned from a novelty asset to simply being a part of the crypto-verse’ status quo.
That is, until recently. Here’s why you’re starting to hear about “HBAR” in just about any conversation about crypto.
- Launch of a new NFT marketplace
On May 6 2022, Hedera Hashgraph debuted their Non Fungible Token (NFT) trading platform, Hash Axis, that operates entirely in HBAR.
This means that unlike most NFT exchanges that operate in Blockchain, Hash Axis relies on hashgraph-based transactions. - Hedera Hashgraph CEO & Chief Scientist become co-CEOs at Swirlds Labs
Hedera Hashgraph announced the departure of CEO, Mance Harmon, and Chief Scientist, Dr. Leemon Baird, from their roles from May 1 2022. The two will become co-CEOs of Hedera development platform, Swirlds Labs.
The creation and expansion of Swirlds Lab, a platform specifically built to support Hedera-based apps, signals further growth of the Hedera network. - $377.52 million worth of HBAR traded between May 4-5
Within a 24-hour period that ceased on May 5 at 7AM, $377.52 million worth of HBAR was traded.
For context, HBAR’s market cap is $5.28 billion. The amount traded during that short time frame is approximately 7.1% of the total market cap.
What is Hedera Hashgraph (HBAR)?
Hedera Hashgraph (HBAR) is a public network that uses Proof-of-Stake consensus, supported by hashgraph consensus.
As a result, HBAR can perform fast transaction speeds with low bandwidth consumption. Because of that advantage, HBAR became one of the most popular and leading crypto assets in the crypto asset trading market.
In August 2018, the platform received funding through an initial coin offering (ICO). As part of the ICO, investors can purchase HBAR platform native utility tokens at a low price. More than a year later, in September 2019, the Hedera platform first launched open access to its mainnet.
HBAR News and Updates
- After LG launched Hedera-based crypto wallet, the firm is planning to expand Web3 to support blockchain and NFTs.
- HBAR current price is US$ 0.047832 as of 11 November. The price went up by 0.20% in the last 24 hours, with a market cap of US$1,098,602,358.
The Price Growth of Hedera Hashgraph (HBAR)
When the HBAR coin was first publicly sold through an ICO, the token’s first selling price was 0.12 USD. Despite the token’s ups and downs in the market, this crypto asset still has a positive ROI, currently standing at 40.2 percent against the US dollar.
HBAR began trading publicly in September 2019, a year after its ICO. The price of HBAR that was marketed was around half of the price that was sold during the ICO.
As if things weren’t too bad, the value of this crypto asset had dropped to below 0.03 USD. Even though it had fallen until early 2020, there was a bullish attempt that made the HBAR price at that time surpass 0.06 USD.
HBAR maintained its value at around 0.03 USD throughout 2020. Then, in early 2021, amid a volatile market, the price of HBAR began to skyrocket, and the bullish trend continued until mid-March 2021 when it reached an all-time high at the price of 0.4495 USD. HBAR broke the latest ATH record on September 16, 2021, with 0.5701 USD.
As of March 2022, the price of HBAR reached 0.21 USD.
Reasons for Hedera Hashgraph’s Price Increasement
- HBAR is Environmentally Friendly
Hedera Hashgraph is becoming one of the most solid projects in the crypto asset market. Last year, this token briefly surpassed the number of Ethereum transactions, further strengthening its position.
Hedera Hashgraph has also been considered one of the most environmentally friendly crypto assets. Hedera Hashgraph has adopted environmental sustainability as its core value and is officially committed to carbon-negative network operations by purchasing carbon offsets every three months, with an amount determined by a third-party assessment provider, Terrapass.
- Elon Musk’s Tweet
Hedera Hashgraph (HBAR) is on a bullish trajectory, with HBAR prices having risen by 8 percent over the last twenty-four hours since Elon Musk tweeted.
One of the reasons why the HBAR token is soaring is a recent tweet from Tesla CEO and billionaire investor Elon Musk. Musk wrote italic “h,” which is also the official logo of Hedera.
After uploading the article, many Twitter users flocked to respond to Musk’s tweet. His tweet has caused a Twitter frenzy with speculation that the billionaire investor will soon turn to HBAR after Dogecoin and Shiba Inu.
Hedera Hashgraph (HBAR) Price Prediction According to Experts
Based on CoinQuora‘s analysis, the price of HBAR is showing a bullish trend. If this trend continues, the HBAR price prediction may continue to rise, surpassing the resistance level of 0.58 USD and climbing even higher.
On the other hand, if investors turn against it, bearish conditions may take over and push HBAR from its uptrend position. In simpler terms, the HBAR price may drop to almost touch the 0.13 USD mark, which is considered a bearish signal.
Meanwhile, the long-term HBAR price prediction for 2022 is bullish. The price of HBAR in 2022 has a high probability of surpassing the current all-time high (ATH), around 0.57 USD this year. However, this condition will only occur if the price manages to break many of the previous psychological resistances.
Contrary to the Hedera Hashgraph (HBAR) price prediction based on CoinQuora, the EconomyWatch predicts that if Hedera Hashgraph can close past the all-time high and retest, it will ‘confirm’ that the price will surge much higher. Thus, they estimate that the token could reach 0.70 USD by the beginning of 2022.
Quoted from UpToBrain, the price of Hedera could reach around 2.4 USD by the end of 2022. Meanwhile, the prediction of Hedera coin price could also reach higher by the end of the year.
Is It Too Late to Buy HBAR in 2022?
Of course, it’s still not too late to buy Hedera Hashgraph (HBAR).
According to experts, based on HBAR price predictions, in general, Hedera Hashgraph is one of the solid crypto projects in the crypto asset trading market.
The network can process over 100,000 transactions in just one second, and with the scalability issues facing the broader crypto market, Hedera’s abilities are certainly invaluable.
If HBAR can turn its theoretical potential into practice, the network will become more prominent than leading traditional payment systems like Visa.
While many blockchains allow users to create smart contracts, HBAR can stand out more because of its unique consensus.
However, it should be noted if you need to do more research before investing funds in Hedera.
How to Buy Hedera Hashgraph (HBAR) on Zipmex
After reading the explanation of the Hedera Hashgraph (HBAR) price prediction for 2022, do you becoming more and more interested in buying and investing in HBAR?
If you live in Thailand or Indonesia, Zipmex can be the right platform for you to invest in HBAR.
You can get the easiest and most practical way to buy HBAR at Zipmex. You can do this through the official website or Zipmex application. Below is the complete way to buy Hedera Hashgraph (HBAR) on the Zipmex app.
- Register and verify your account through KYC process on Zipmex. Then deposit some funds to the Trade Wallet to be able to make transactions.
- Select the Trade menu. Then select “Buy Assets” to buy Hedera Hashgraph.
- Choose the trading pair you want, for instance, HBAR/USDT or the local currencies like HBAR/THB or HBAR/IDR
- Then, you can also choose the transaction method you want, such as “Market Order”, for purchases at real-time prices, or “Limit Orders”, for purchases at prices that you set yourself.
- Enter the nominal price or the amount of HBAR that you will buy. Don’t forget to check whether all the information, such as the nominal and the transaction method, is correct.
- Finally, click “Confirm”.
- Zipmex will process hedera Hashgraph (HBAR) purchase transactions immediately. Transaction results will be automatically saved in your Trade Wallet.
Disclaimer: The information provided in this article is not intended to provide investment or financial advice. Investment decisions should be based on the individual’s financial needs, objectives, and risk profile. We encourage readers to understand the assets and risks before making any investment entirely.
