Hedera Hashgraph, a distributed ledger technology platform, has seen notable mixed outcomes recently. Reports indicate a partnership with Deloitte to innovate ESG verification and progress towards enhancing the legitimacy and utility of Spot Ether ETF, according to the president of the Hedera Council.
HBAR, Hedera’s native token, however, underwent a dramatic round trip – surging 96% on a misplaced assumption of a partnership with BlackRock, then falling 25%.
In a roller coaster ride for HBAR, prices took a turn for the worse only for the BlackRock link to later be dismissed as a misinterpretation, resulting in a price drop. Experts from Mudrex offered insights into Hedera, predicting a promising future for the blockchain platform despite market uncertainties.
Indeed, Hedera continues to strive for growth through novel initiatives, such as joining hands with
Algorand to develop a decentralized wallet recovery system and engaging with CoinGecko for a Learn-to-Earn campaign. There are setbacks though, with Archax's CEO clarifying BlackRock's role in Hedera tokenization and fake BlackRock tokenization hype affecting HBAR prices.
Into 2024, speculation on price projections for HBAR is varied. The outlook remains bullish, with suggestions Hedera may even break into the top 10 of the cryptocurrency market. Despite the volatility, Hedera has announced plans to allocate billions of HBAR towards bolstering ecosystem growth, aiming to secure their foothold within the digital asset space.
Hedera Coin News Analytics from Tue, 02 Jan 2024 08:00:00 GMT to Fri, 12 Jul 2024 09:00:00 GMT -
Rating -1
- Innovation 9
- Information 7
- Rumor 4
