Will HBAR Reach $5, $10, $20?
|Current Market Cap||$1.7 B||Higher|
|Trading Volume||$14.6 M||Steady|
|Metric||Last 24 Hours||Trend|
|Net Social Media Sentiment||21.2%||Lower|
Latest HBAR News
- 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.
Hedera’s Updates – Q3 2023
- Integration into the Federal Reserve’s FedNow app, which added Dropp, a Hedera-based micropayments platform, in August.
- Kia and Hyundai introduced a CO2 emissions monitoring system using Hedera’s infrastructure in early August.
- Andrew Aitken was appointed as Chief Open Source Officer, bringing valuable experience from Microsoft and the US White House.
- Shinhan Bank, SCB TechX in Thailand, and Taiwan’s largest financial institution successfully tested a stablecoin remittance platform on Hedera’s infrastructure, potentially positioning Hedera as a competitor in the payment network industry.
HBAR: Buy or Sell, Crowd Poll (New)
- September 15th: +84.4%
- September 16th: +84.1%
- September 20th: +75.4%
Will HBAR reach $10, $20? Introduction to Hedera and HBAR
Hedera Network, built on Hashgraph, offers an alternative to traditional blockchains by addressing speed and security concerns. Hedera stands out with its capability to process 10,000 transactions per second. This graph-like network ensures stability, sustainability, and heightened security. The design emphasizes interoperability, making it harmonious with other systems. Moreover, Hedera’s use of an energy-efficient Proof-of-Stake consensus mechanism positions it as environmentally sustainable.
This blockchain powers an array of applications on Hedera, from payments to decentralized apps and smart contracts. Hedera charges a mere $0.0001 fee compared to the high costs of earlier blockchain generations and consumes only 0.00017 kWh of energy, drastically less than Bitcoin. Transactions on Hedera are processed within 3-5 seconds, a stark contrast to BTC’s and ETH’s longer times. HBAR’s governance model promotes transparent decision-making. The global oversight of Hedera is ensured by a council comprising 19 multinational corporations.
Hedera Case Studies (New)
- Pilot with Financial Institutions: Hedera ran a pilot involving Shinhan Bank in Korea, SCB TechX in Thailand, and Taiwan’s largest bank. This pilot leveraged Hedera’s native stablecoins and smart contracts.
- Micropayment Platform: droppcc is a Hedera-based platform designed for small-value purchases, using USDC. It offers an SDK, likened in user-friendliness to platforms like Stripe.
- Asset Tokenization: DiamondStandard has tokenized a traditionally illiquid asset, representing a market value of $1.2 trillion on Hedera.
- Money Market Fund Tokenization: A segment of a £15 billion money market fund was tokenized in collaboration between abrdn_plc and ArchaxEx.
- Real Estate Tokenization: Collaborations with RedSwanCRE and Arkadia_Global were highlighted, pointing to advances in real estate tokenization and the potential for tokenizing other asset types on Hedera.
HBAR is the primary cryptocurrency of the Hedera Hashgraph network, with a fixed supply of 50 billion tokens. It serves as a utility token with a diverse range of applications.
- Employed to remit transaction fees ensuring smooth network operations.
- Staking to bolster network security
- Instrumental in network decision-making as holders can stake their tokens for security, earn rewards, and partake in voting
Can HBAR Reach $5?
In order for HBAR to reach $5, it would need to increase by a factor of 85. At $5, Hedera’s Market Cap will be $162 Billion. If HBAR were to grow at a rate of 25% each year, it would take about 19 years to reach $5. Let us evaluate this data
- Quality of Investment- Good
- Growth required to reach $5- Feasible (Example: Bitcoin was priced at $0.1 in October 2010. 12 years later, It is 22000 times higher)
- Market Cap at $5- Partially Feasible
- Time required to reach $5 if it were to rise at 25% per annum- Partially Feasible
Considering the criteria Quality of Investment, growth required, and time required, HBAR has a low to moderate chance of reaching $5.
Will HBAR Reach $10?
- All-time high: $0.5701
- All-time low: $0.01001
- Currently, HBAR is over 90% below its ATH and around 390% above its ATL.
- Overall HBAR is yet to break above $1.
For HBAR to reach $10, the current HBAR price will need to increase around 208 times. This is highly feasible as since 2010, Bitcoin is up around 22,000 times.
The market cap of HBAR at $10 will be around $327 Billion. At $10 the market cap of HBAR will be greater than current Ethereum’s market cap which is trading above $1800. This is moderately feasible for HBAR.
At the current price, if HBAR gains 25% annually, it will take around 23 years for it to reach $10.
- Quality of Investment- Good
- Growth required to reach $10- Feasible
- Market Cap at $10- Moderately Feasible
- Time required to reach $10 if HBAR were to rise at 25% per annum- Not Feasible
Will HBAR Reach $10? Conclusion
Considering the current momentum, it is unlikely for HBAR to reach $10. However, the surge in the crypto market has been highly unpredictable with asset prices rising a couple of 1000 times within some years.
In the case of HBAR, the utility of its blockchain is highly valuable and there is an increasing rate of blockchain adoption. HBAR could reach $10 in the future.
Will HBAR Reach $20?
In order for HBAR to reach $20, it would need to increase by a factor of 342. At $20, Hedera’s Market Cap will be $651 Billion. If HBAR were to grow at a rate of 25% each year, it would take about 27 years to reach $20. Let us evaluate this data
- Quality of Investment- Good
- Growth required to reach $20- Feasible (Example: Bitcoin was priced at $0.1 in October 2010. 12 years later, it is 22000 times higher)
- Market Cap at $20- Not Feasible
- Time required to reach $20 if it were to rise at 25% per annum- Not Feasible
Considering the criteria Quality of Investment, growth required, and time required, HBAR has a low chance of reaching $20 in the near future.
Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in Stocks or Cryptocurrencies. Please consult a registered investment advisor to guide you on your financial decisions.