Hedera (HBAR) is a prominent cryptocurrency in the market, based on the “Hashgraph” technology that aims to provide a more efficient and secure alternative to traditional blockchain technologies. This technology features high processing speed and low transaction costs, making it attractive for the development of decentralized applications.
In terms of price, HBAR is currently trading at around $0.236, with a daily range of $0.2187 to $0.2374. The coin has seen significant volatility in the recent period, falling by 30% in 8 days after forming a negative “head and shoulders” pattern, indicating a downward trend.
Looking at the fundamental analysis, HBAR’s market cap is around $8.91 billion, with a circulating supply of 38.27 billion coins. Future price predictions depend on factors such as technology adoption, supply and demand dynamics, and project developments.
It is worth noting that HBAR is used to pay for network usage costs, such as sending transactions and storing files, and is considered a unit of value to incentivize responsible use and platform management.
Due to market volatility, investors are advised to monitor technical developments and updates related to the Hedera Hashgraph project before making investment decisions.