Will HBAR reach $100, $1000?HBAR Price Prediction Today
Will HBAR Reach $100: Read on to know why HBAR Can or Cannot reach $100
HBAR Price Prediction Today is between $0.067 and $0.073. HBAR Price Prediction This Week is between $0.055 and $0.084
Latest HBAR Price
Performance of HBAR in the last 12 Months
- Last 30 Days: +54.3% (Ethereum: 31.8%)
- 3 Months: +11.3% (Ethereum: 8.9%)
- 12 Months: -68.4% (Ethereum: -34.9%)
Technical Analysis (Daily)
- RSI: Buy
- Stoch RSI: Oversold
- Moving Averages: Buy
- Overall: Buy
Hedera Performance Statistics
- NFT Marketplaces: Total Traders: 315, Benchmark: Opensea, Number of Traders: 33,700
- DeFi TVL: $38.7 Million, Rank: 41
Can HBAR reach $100?
In order 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?
There is no evidence HBAR will reach $1000. It is currently heavily focused on businesses and it is unlikely that will drive massive token usage. Not just that, at $1000, HBAR’s market cap would be $25 Trillion, an unrealistic figure.
HBAR Price Prediction Today
|Overall Outlook||Partially Negative|
|1. Market's Wisdom||Partially Negative|
|1a. Market Data||Neutral|
|1b. Technical Recommendation||Sell|
|2. Crowd's Wisdom||Neutral|
|2a. Social Media Buzz||Steady|
|2b. Social Media Sentiment||Neutral|
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.