Can HBAR Reach $100, $1000?
Latest HBAR Price
- HBAR Defi
- TVL: HBAR: $32.5M , Ethereum: $21.2B
- HBAR Rank: 38th; Ethereum Rank: 1st
- Last 7 days change: HBAR: +7.3%, Ethereum: +7.4%
- Last 1 Month Change: HBAR: -17.2%, Ethereum: -9.0%
- Envision Blockchain is excited to launch the ServiceNow ESG Regenerative Finance app, supported by Hedera’s Managed Guardian Service. This partnership allows ServiceNow users to easily track climate assets using Hedera’s reliable DLT.
- A highlight of this integration is the focus on Renewable Energy Credits, ensuring efficient tracking of sustainable energy efforts. ServiceNow ReFi’s features include simplified profiles, synchronized policies, clear integration settings, efficient issuance of RECs, and more
- As per the latest update, during the V39 mainnet release on July 11th, there was a mistake in how fees were distributed on the Hedera network. Normally, 90% of the fees go to operations, and 10% go to staking rewards. However, from July 11th to September 15th, all fees went to operations.
- Hedera recognized this issue and fixed it on September 15th. Now, 10% of transaction fees are correctly going to staking rewards. During this time, about 1.5 million HBARs were wrongly given to the operations account.
HBAR: Buy or Sell, Crowd Poll
- September 15th: +84.4%
- September 18th: +79.2%
- September 20th: +75.4%
Can HBAR Reach $100, $1000? About HBAR
Hedera is a popular and eco-friendly network that businesses and individuals use to make decentralized apps. Unlike older systems, Hedera is faster and more stable.
Hedera’s cryptocurrency is called HBAR and is part of the Hedera Hashgraph system, which is faster and safer than traditional blockchain methods. While older systems use methods like proof-of-work, Hedera uses a method called proof-of-stake which is believed to be more efficient and secure.
HBAR is vital for Hedera. It powers its services and helps keep the system safe. People using HBAR can even contribute to protecting the network by staking their tokens.
Hedera is a type of distributed ledger technology. It’s different from other blockchains because it uses a new method called hashgraph to process transactions quickly and efficiently. This new approach aims to improve speed, reduce costs, and handle more transactions at once.
Hedera has a system similar to the EVM that uses the Solidity language for smart contracts. It also has built-in checks for customer details and anti-money laundering.
Technically, Hedera is a type of distributed ledger, but it’s not a traditional blockchain. Its unique feature is that all transaction paths are used, not discarded, to decide on the order of transactions.
Hedera has initiated several fintech projects: a banking pilot involving Shinhan Bank, SCB TechX, and Taiwan’s primary bank using stablecoins and smart contracts; droppcc, a micropayment platform using USDC comparable to Stripe; DiamondStandard’s tokenization of a $1.2 trillion illiquid asset; tokenization of a £15 billion money market fund with abrdn_plc and ArchaxEx; and real estate tokenization advancements in collaboration with RedSwanCRE and Arkadia_Global.
Can HBAR reach $100?
To reach $100, HBAR must rise 1449 times. This is not unusual, numerous cryptocurrencies have achieved this over the last 10 years. However, at 1449 times, HBAR’s Market Cap will be $2.5 Trillion. Here is why we think these numbers are not practical.
- At $ 2.5 Trillion, HBAR’s Market Cap would be the same as Apple’s market cap today. Apple went from $1 Billion to 2 trillion in about 40 years. Trying to predict something 40 years from now is almost crazy.
- Many Cryptocurrencies rose 1449 times due to the Liquidity pump of COVID-19. Events like COVID-19 (or Spanish Flu) are once-in-century events. So it is unlikely HBAR will rise 1449 times
- Third, looking at the performance of Use Cases (B2C), Hedera is not very competitive. This is one reason why we classified it as a moderate case for investment.
- Even if we were to assume a 40% CAGR, it would take 22 years to reach $100. Again, this fairly long-term forecast tends to be highly unreliable.
Overall, looking at the performance of use cases and the growth needed, it is unlikely HBAR will reach $100.
Will HBAR reach $1000?
In order for HBAR to reach $1000, it would need to increase by a factor of 17,079. At $1000, Hedera’s Market Cap will be $32.5 Trillion. If HBAR were to grow at a rate of 25% each year, it would take about 44 years to reach $1000. Let us evaluate this data
- Quality of Investment- Good
- Growth required to reach $1000- Not feasible
- Market Cap at $1000- Not Feasible
- Time required to reach $1000 if it were to rise at 25% per annum- Not Feasible
There is no evidence that HBAR will reach $1000. It is currently heavily focused on businesses and it is unlikely that will drive massive token usage.
Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.