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$HBAR price dips, but numerous catalysts point to Hedera rebound

Hedera Hashgraph price continued its downward trend on Monday, May 19, as demand for Bitcoin and other altcoins eased.

Hedera Hashgraph $HBAR dropped to $0.1870, down by almost 20% from its highest level this month and 54% from its highest in November last year.

The ongoing HBAR price retreat happened as the crypto market lost momentum. Bitcoin (BTC) retreated to $102,000, a day after it hit $107,000 for the first time since January.

Third-party data shows that Hedera’s network fundamentals remain strong, with the total value locked in its decentralized finance ecosystem rising by 15% over the last 30 days to $186 million. The top-performing platforms are Stader and Bonzo Finance.