Hedera (HBAR) price has been exhibiting a potential short-term bullish breakout, fueled by notable institutional adoption. The HBAR Foundation has expanded Chainlink, improving the perks of Hedera. Cryptocurrency analysts are showing interest in a new altcoin offering an 18% APY for staking over Hedera and PancakeSwap. Amid these developments, the world's first Hedera ETP was launched, triggering a 7% surge in HBAR value.
There has been a release of Mainnet v0.54, integrating LayerZero into Hedera. This was followed by the launch of a new toolkit called Asset Tokenization Studio, though HBAR performance was underwhelming. Hedera joined as a Premier member of the LF Decentralized Trust, a potential bullish signal for HBAR. They also contributed their entire codebase to the Linux Foundation and received a $50M capital commitment for music streaming project Tune.FM.
There have been rumors and speculation surrounding a Hedera ETF following the launch of the first US HBAR trust. Meanwhile, the BlackRock announcement turned out to be misinterpreted, causing a surge in HBAR followed by a dip. Moving forward, there has been talk about MiCA Crypto Alliance potentially driving HBAR to $1, with Hedera's expanded institutional reach signaling a possible rebound. However, HBAR price is expected to face short-term risk before any bullish reversal.
Looking at partnerships, Cardano and Hedera have united in the DeRec Alliance as founding members. Hedera and Copper have partnered to enhance HBAR access and DeFi capabilities. More cryptocurrencies including HBAR have been named as top ones to buy now, indicating growing interest globally.
Hedera Coin News Analytics from Thu, 11 Jan 2024 08:00:00 GMT to Wed, 30 Oct 2024 19:30:00 GMT - Rating 6 - Innovation 5 - Information 8 - Rumor 4
