Several reports have been making rounds, concerning the advancement of Hedera Coin (HBAR), a cryptocurrency that operates on the Hedera Hashgraph platform. It has been a period of dramatic price movement for Hedera, following rumors of a partnership with BlackRock which ultimately turned out false, leading to a significant price drop. The coin had initially seen a massive spike of approximately 96% in reaction to the false news before declining by 35% upon clarification.
Nevertheless, there seems to be significant investor interest as many analysts and investors predict its potential to break into the crpyto top 10 and possibly reaching a price tag of $1 by 2024. Notwithstanding, there has been negative price prediction and heightened volatility. Meanwhile, MoonBag, another digital token, is seen as a better bet compared to Hedera due to its strategic approach.
In terms of partnerships, a significant announcement came from a collaboration with Deloitte aiming to revolutionize ESG verifications. Another interesting development is the Hedera’s plan to allocate nearly 5 billion HBAR for ecosystem development. The announcement of a scammer phishing Hedera users also made news recently. These events encapsulate a period of sort of tug-of-war for Hedera between moments of investor optimism and episodes of price pressure.
Hedera Coin News Analytics from Tue, 02 Jan 2024 08:00:00 GMT to Wed, 24 Jul 2024 08:00:00 GMT - Rating 3 - Innovation 1 - Information 3 - Rumor -3
