The post Surges Past $0.30 with 800% Monthly Gain appeared on BitcoinEthereumNews.com.

TLDR HBAR has surged over 800% in the past 30 days, reaching $0.3173 despite recent 10% daily dip Hedera is launching a new privacy layer enabling private network instances connected to public ledger Platform upgrade planned to increase transaction speed to 500,000 TPS Partnership with Ripple and integration with FedNow system through Dropp Trading open interest increased 28% to $187 million, showing growing investor confidence The cryptocurrency HBAR, the native token of the Hedera network, has recorded an extraordinary price increase of over 800% during the past 30 days. The token, which traded at $0.3173 at press time, has broken free from a bearish pattern that lasted more than 1,000 days. Despite experiencing a 10% decline in the last 24 hours, HBAR’s monthly performance has caught the attention of cryptocurrency traders and investors. The token’s market capitalization now stands at $12.1 billion, marking a substantial increase from its previous valuation. Hedera’s development team has announced plans to implement a new privacy layer, allowing users to create private network instances while maintaining connection to the public ledger. This technological advancement aims to enhance the platform’s utility across various sectors, including finance, healthcare, and supply chain management. Dr. Leemon Baird, who co-founded Hedera, has emphasized the transformative potential of this privacy layer. The upgrade addresses common challenges faced by organizations seeking to implement blockchain technology while maintaining data privacy requirements. The platform’s integration with the Federal Reserve’s FedNow system through Dropp has strengthened its position in the traditional financial sector. This partnership enables rapid and secure transaction processing, demonstrating Hedera’s practical applications in mainstream financial services. A notable development in Hedera’s ecosystem is its collaboration with Ripple. The partnership focuses on USD transaction processing capabilities, with the anticipated certification of the RLUSD stablecoin by Ripple in December potentially expanding HBAR’s role in…

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Filed under: News - @ December 5, 2024 1:26 pm