Hey there, my friend! Everything good, everything alright? Let's get started, HBAR, the token of the Hedera network. Out of nowhere, it surged over 50% in a week. Yes, just as you heard!
The token climbed to $0.243, wiped the floor with Avalanche and Bitcoin Cash, and entered the top 15 by market capitalization. A hit! Even Charles Hoskinson from Cardano, who is not just anyone, came out to congratulate Hedera and Stellar. That already tells you that this is serious.
The movement is coming from several sides. First, daddy Bitcoin broke its ATH and went to $123,200. You know, when the king moves, the altcoins follow suit. But it's not all due to the BTC effect. The rumor, which is getting louder, is that the SEC could give the green light to an HBAR ETF before the end of the year. If that happens, my friend, Wall Street money will flood in, and the price could explode.
Moreover, the people at Hedera aren't sleeping. They jumped on RAISE 2025 and were chosen as the accounting base for a new Artificial Intelligence infrastructure. With the support of heavyweights like NVIDIA, Accenture, and SCAN UK, this is no longer just a simple coin; it’s a project with real weight that is making waves in the tech world.
On the TradingView board, the token is moving between $0.257 and $0.281, but if the buying strength holds, the next stop could be $0.300. We need to keep an eye on the support at $0.214, as if it breaks, there could be a significant correction. For now, the RSI is at 50, so the battle is balanced.
Open interest in futures skyrocketed, which means that big speculators are putting in money. And the supply of USDC in its network increased by 20%, showing that there is more money circulating in the ecosystem. The TVL (total value locked) also doubled in less than a month, which is a clear sign that people are using the network and trusting it.
So, watch out for HBAR! We could be seeing a player that suddenly became a contender. We'll have to see if it can withstand the push or if this rise is just a warm-up.
