β Hedera Rally: Swift Adoption, Robust Fundamentals & Nasdaq's Interest Drive Price Upwards
Neuron goes live on Hedera aiming to prevent aerial disasters. Grayscale plans to pursue its sixth Altcoin ETF as Nasdaq seeks Hedera Fundβs...
The Hedera (HBAR) token has shown relatively robust performance, even in times of fluctuation in the wider cryptocurrency market. It experienced a 4.4% jump, contributing to an overall increase of the CoinDesk 20 index. Notably, the US Securities and Exchange Commission (SEC) has acknowledged the filing for a Hedera HBAR Exchange-Traded Fund (ETF) by Nasdaq and Grayscale. This signifies a potential surge in interest in Hedera, particularly if the ETF gains approval.
On another front, Crypto.com has added support for USDC on Hedera. However, some analyses suggest downside risks for the HBAR price. Grayscale's filing for a spot Hedera ETF could potentially alter this situation, as it implies rising institutional interest in this altcoin.
Several price predictions point towards a potential uptrend for Hedera's price, while industry experts suggest a possible migration of whales towards new Proof of Stake (PoS) chains, such as Coldware and Hedera. HBAR's price reached a yearly low, even with the Canary Capital ETF announcement, which indicates that external factors can still affect the coin's value significantly.
Other promising news concerns Hedera's strategic investment in IvoryPay, a stablecoin payments company, and the integration of certain cryptos into global banking systems via SWIFT's testing of Hedera. Experts predict a bullish sentiment in response to Nasdaq's filing of Form 19b-4 for a Spot HBAR ETF and indicate it could surge Hedera to a $10 billion market cap.
Hedera Coin News Analytics from Tue, 24 Sep 2024 07:00:00 GMT to Wed, 12 Mar 2025 13:12:00 GMT - Rating 6 - Innovation 7 - Information 8 - Rumor 5
