Why is Hedera (HBAR) Price up?
The post Why is Hedera (HBAR) Price up? appeared on BitcoinEthereumNews.com.
Hedera (HBAR) is catching everyone’s attention as it shows strong signs of growth, climbing closer to the $0.12 mark. This sudden surge has sparked excitement among investors and crypto enthusiasts, making many wonder: What’s driving this momentum? In this article, we’ll break down the key factors behind HBAR price rise and explore what this could mean for its future! How has the Hedera (HBAR) Price Moved Recently? HBAR/USD Daily chart- TradingView Hedera Hashgraph (HBAR) is currently priced at $0.115975, with a 24-hour trading volume of $2.20 billion. It holds a market cap of $4.15 billion and a market dominance of 0.13%. Over the past 24 hours, the price of HBAR has surged by an impressive 35%. HBAR price reached its peak on September 15, 2021, hitting an all-time high of $0.567001. On the other hand, its lowest price was recorded on January 2, 2020, at just $0.00988. Since its peak, the lowest point has been $0.035755 (cycle low), while the highest recovery price since that low was $0.179297 (cycle high). The current market sentiment for HBAR remains bullish, with the Fear & Greed Index indicating a state of “Extreme Greed” at 83. Hedera Hashgraph has a circulating supply of 35.75 billion HBAR out of a maximum supply of 50 billion. Over the last year, the supply increased significantly by 141.02%, with 20.92 billion new HBAR tokens created. Why is Hedera (HBAR) Price up? The recent surge in Hedera price can be attributed to heightened market optimism surrounding the announcement of an HBAR ETF by Canary Capital Group. The filing of an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) on November 12 indicates plans to launch an exchange-traded fund that directly tracks the value of HBAR, the native cryptocurrency of the Hedera network. This development has…
Filed under: News - @ November 18, 2024 10:16 am