Hedera Hashgraph (HBAR), a high-performance and secure cryptocurrency has been making waves in the crypto realm. The altcoin captured attention with an impressive rally of 50% recently as rumors circulate about
Brian Brooks potentially heading the US Securities and Exchange Commission (SEC). A SpaceX announcement also sparked speculation of bullish moves for Hedera, making it a standout performer among altcoins. Its momentous ride didn't end there.
Hedera's price exceeded expectations by 120%, causing some to wonder if it was overextending.
World Economic Forum hinted at the possibility of a partnership between XRP and Hedera, further fueling the bullish narrative.
Hedera's next big milestone came when
Canary Capital appeared to be setting up the inaugural HBAR Trust, hinting at the approval of a HBAR exchange-traded fund (ETF). Institutional interests in Hedera were further intensified, with news of the Kenyan Securities Exchange joining the Hedera network to bolster its tokenization ambitions. Meanwhile, the company's expansion into the music streaming space with its blockchain-based project, Tune.FM, gained considerable traction.
Despite the rapid gains, HBAR faced a slight setback over a misinterpreted partnership with BlackRock. The clarification that no commercial relationship existed saw HBAR's price dip 32%. Nevertheless, prospects remain bright for Hedera, with the suggestion of a Hedera ETF potentially following the HBAR Trust launch.
Hedera Coin News Analytics from Wed, 14 Feb 2024 08:00:00 GMT to Wed, 20 Nov 2024 18:37:43 GMT -
Rating 8
- Innovation 7
- Information 9
- Rumor 2
