The advancement of blockchain technology is one reason contributing to the crypto space’s growth. Hedera Hashgraph, a new type of blockchain, has been developed to address these issues and enable the establishment of private blockchain solutions.
Hashgraph, like blockchain, is a public and decentralized distributed ledger. However, it varies from blockchain in various ways and has many significant improvements. It is a public distributed ledger and a platform that may be used to build and operate decentralized applications and microservices. Anyone from a sole proprietorship, a startup, a small business, or an enterprise organization may build and run Hedera-powered applications.
The Hedera Hashgraph is genuine because no leader, node, or worker has privileged access to the consensus timestamp. Rather, the consensus timestamps for transactions are determined using an automated voting procedure in which the nodes reach a democratic and collective consensus. It’s easiest to think of Hedera Hashgraph as a graph if the speed of validating transactions increases as more transactions are added to the network.
Hedera also does not necessitate the use of energy-intensive Proof-of-Work tools. For diversification and resilience, it is controlled and supported by a council of 39 term-limited companies and blue-chip firms from 18 industries worldwide, including Australia, Japan, Europe, South America, and India.
Continue reading if you’re interested in Hedera and want to learn more about it. We’ve discussed Hedera in detail. Who invented it? How does it function? What is the use case for its token HBAR? Is it worthwhile to buy in 2023? How much will it cost us in the long run?
On this Page:
How to Buy Hedera
- Look for an exchange or a trading platform that offers Hedera (HBAR) – we recommend eToro as it’s FCA, ASIC, and CySEC regulated.
- Sign up for and verify your eToro trading account.
- You can fund your account with a bank transfer, a credit card, PayPal, or another method.
- Type ‘HBAR’ into the drop-down menu to open charts and trades.
- Click ‘Trade,’ then enter the amount of HBAR you want to buy.
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How to Sign Up at eToro
Opening a free eToro account is simple because it is very user-friendly, especially for beginners.
Step 1: Open an Account
Please follow the steps outlined below to open a new trading account.
- On the eToro website, click the “Join Now” or “Trade Now” button.
- You’ll find an electronic form on this page where you can enter all your personal information required to open a new trading account.
- Please complete this form with all the required information.
- eToro allows users to log in using Facebook or Gmail.
- While submitting your information, please read eToro’s Terms & Conditions and privacy policy.
- After reviewing the terms, please confirm your agreement by checking the appropriate box.
- Click the “sign-up” button to submit your information.
eToro website homepage
If you want to use the mobile app for iOS and Android, check out the guide to the eToro app. It has screenshots of how the app looks and works.
Update – As of 2024, the only cryptocurrencies eToro users in the United States will be able to trade on the platform will be Bitcoin, Bitcoin Cash and Ethereum.
Your capital is at risk.
Step 2: Upload ID
In this setup, you must upload basic information, such as your name, email address, and phone number. In addition, eToro will require you to upload your ID to verify your identity. Your national ID card, driver’s license, or passport can all be proof of identification.
Step 3: Make a Deposit
Once your proof of identity has been verified, you can fund your account and begin trading. The minimum deposit for opening an account is only $10. Debit cards, credit cards, bank transfers, Skrill, PayPal, and Neteller are all accepted forms of payment.
eToro does not charge a fee for making a deposit. After selecting a payment method, click the ‘Deposit’ button to complete the transaction.
Deposit methods on eToro
Back on February 15, 2022, eToro listed the Hedera (HBAR) coin.
Step 4: Buy Hedera (HBAR)
Initiate typing ‘Hedera’ into the search bar at the top of the screen. When you see the cryptocurrency asset, click the ‘Trade’ button.
Searching HBAR on eToro
Step 5: Review Hedera (HBAR) Price
Once you click on Hedera, the website will lead you to the next page, where you can see the HBAR price cart, candlesticks, feeds, stats, and news. You must enter the quantity of HBAR coins you wish to buy on this page.
Following that, click Open Trade’ to add the HBAR to your portfolio. Apart from the trading platform, we support storing your digital assets in a third-party wallet. One viable option is to utilize the eToro Crypto Wallet, which now supports over 120 cryptocurrencies and HBAR.
HBAR Price Chart on eToro
The good thing is, there’s no maker/taker fee on eToro as they solely charge buy/sell spread.
Step 6: Buy Hedera
You can tell eToro how much money you want to invest in HBAR by entering it into the ‘Amount’ box, which starts at $10. To complete your purchase, click the ‘Open Trade’ button.
Buy HBAR on eToro
Read more about how to buy cryptocurrency in 2024 here.
Your capital is at risk.
Where to Buy Hedera (HBAR) Best Platforms
Hedera is the most widely used, long-lasting, enterprise-grade public network for the decentralized economy, enabling individuals and businesses to build powerful decentralized applications (DApps).
It is intended to be a more equitable and efficient system that eliminates some of the limitations of older blockchain-based platforms, such as slow performance and instability. At the same time, our update includes reviews of the best places to buy Hedera.
Our list of HBAR buying sites in 2024 includes their characteristics, fees, and reasons for their uniqueness. eToro has established itself as the leading platform for purchasing HBAR cryptocurrency. The platform is safe, reasonably priced, and simple to use.
Best Brokers to Buy Hedera (HBAR)
1- eToro
eToro is an online trading and investment company that offers social trading and investment platform. Founded in 2006, this company is headquartered in Tel Aviv, Israel. eToro provides retail investors and traders various services, including trade execution through its proprietary web platform. Additionally, the company offers social trading and copy-trading capabilities.
The site and company provide a platform available in over 25 languages and approved by the Cyprus Financial Markets Authority. Additionally, the site features an advanced analytics tool that enables users to identify trading opportunities, monitor performance, analyze their investment strategy, and identify areas for improvement.
Additionally, you can now earn rewards for purchasing and buying Ethereum, Cardano, and Tron in your wallet.
Read more about how to stake crypto.
eToro is governed by some of the world’s most reputable regulatory authorities, including the Financial Conduct Authority of the United Kingdom (FCA). The Australian Securities and Investment Commission, the Cyprus Securities and Exchange Commission, and the Financial Industry Regulatory Authority (FINRA) are also responsible (FINRA). User funds are kept separate from the platform’s operating capital in compliance with CySEC regulations for all CySEC-registered brokers. This is the way the platform operates.
eToro charges a nominal trading fee like other companies, including 0.75 percent for purchasing or selling bitcoin. On eToro, the cost of converting bitcoins is only 0.1 percent on top of the existing margins. As a result, eToro has established itself as a market leader in cryptocurrency trading, with a strong preference for crypto-assets and CFDs in 2022.
eToro charges its consumers a reasonable fee structure. eToro does not charge a fee for making a deposit. Deposits can be made using bank wire transfer, credit or debit card, PayPal, Skrill, Sofort, and Netteller, among others. The minimum deposit amount varies by user region. For example, individuals in the United Kingdom and the rest of Europe must make a minimum deposit of $200 before trading. In the United States, users must make a $10 deposit.
eToro accepts Bitcoin, the leading cryptocurrency, and major altcoins such as Ethereum, Aave, XRP, Graph, and other popular cryptocurrencies.
Buying and selling on eToro can be done online and on handheld devices through their mobile app. The opening process of an eToro account is straightforward and takes about a few minutes.
Pros & Cons of the eToro platform:
- Copy-trading – Ability to copy the trade of successful traders.
- Regulated by ASIC, FCA, and CySEC
- User-friendly interface
- Trusted by 20 million registered users
- Most payment methods supported
- Staking of ETH, ADA or TRX
- Less technical analysis (TA) tools and indicators than Binance
- Service is only available in 44 US states.
- Buy/sell spread large on altcoins
Your capital is at risk.
2 – Bitstamp
Bitstamp is a Luxembourg-based cryptocurrency exchange founded in 2011 by Nejc Kodri and Damijan Merlak. This well-established cryptocurrency exchange offers a low-fee cryptocurrency marketplace for professional investors and large financial institutions.
Bitstamp was one of the first Bitcoin exchanges in the cryptocurrency market, having been founded less than two years after the invention of Bitcoin.
Bitsamp best suits seasoned investors searching for a top-notch cryptocurrency trading platform. However, it is an excellent platform for users looking to make a single purchase of digital assets and store them on Bitsamp’s web-based cold storage wallet.
Payment Fees: Compared to most digital asset exchanges, Bitstamp charges relatively low transaction fees. The UK offers two deposit options. The first option is an international wire transfer, which charges only 0.05 percent of the amount transferred (very low compared to other crypto platforms). The second option is to make use of the complimentary Faster Payments service.
The withdrawal fee is also lower than the industry average – 0.1 percent for international wire transfers and 2 GBP for Faster Payment. Bitstamp’s only shortcoming is the high fee on credit card cryptocurrency purchases – 5% on any amount.
Unlike most online trading platforms, Bitstamp does not have a minimum deposit requirement. However, similar to Bittrex, it requires a minimum order of 50 USD/EUR/GBP, whereas some other exchanges may require a much higher minimum order.
Trading fees on Bitstamp: Bitstamp is widely regarded as a low-fee exchange, especially for highly active investors. The maximum trading fee is 0.5 percent if your daily volume is less than $10,000. (above the average in the industry, which is around o.25 percent ). However, as the investor’s total volume of transactions increases, the fees decrease significantly. As a result, if your volume exceeds $20,000,000, you may pay as little as 0% in fees. Individual investors should anticipate paying a fee of approximately 0.1 percent at Bitstamp.
Security: All investors performing critical account functions must now use two-factor authentication. Bitstamp claims to keep 98 percent of its digital assets offline in cold storage, with all assets insured. However, according to crypto exchange security evaluator CER, it ranked near the bottom of our review of crypto exchanges in terms of security, indicating that it may still have room to grow into a category leader.
Customer Service: Customer service is available 24 hours a day, seven days a week, and includes an emergency phone support line.
Coinbase HBAR Listing: September 29, 2019
Pros & Cons of the Bitstamp platform:
- Allows purchasing cryptocurrency with fiat currency using a bank account, debit card, or credit card.
- Provides dedicated phone customer service 24/7.
- Available in over 100 countries.
- No margin trading.
3 – Huobi
Leon Li founded Huobi Global in 2013 and was initially based in China. Following China’s crackdown on cryptocurrency exchanges in 2017, Huobi Global’s headquarters were relocated to Singapore and then to the Republic of Seychelles. Huobi Global is available in most countries worldwide, but it does not support a few, including the United States and Japan (though users in Japan can use Huobi Japan instead).
Huobi Global provides crypto-to-crypto trading with a wide range of supported assets and reasonable trading fees. Limit, stop, and trigger orders, as well as margin and futures trading, are available on the platform, which is intended for active traders and institutional investors. OTC trade desks, derivatives, and custom trading tools are available to institutional traders.
For margin trading, the platform offers up to 5% leverage. Huobi Global’s fee structure is very reasonable and low in comparison.
Deposit: The minimum deposit fee is $100 USD, and other fees, such as deposit fees, transaction fees, and withdrawal fees, differ depending on the currency.
Fee: Those who want to buy cryptocurrency with a credit or debit card must pay a higher fee to Houbi. Both the maker and the taker fees are set at 0.2 percent. Depending on the scale volume, it can be as low as 0.1 percent.
Huobi Global offers customer service via email, phone, online chat, ticket system, and social media platforms. It offers a variety of security features, such as 2-factor authentication, cold storage, account freezes, and Bitcoin reserves.
Huobi listed HBAR on November 11, 2021. The trading pair available for trading include – HBAR/USDT, HBAR/BTC, and HBAR/ETH.
Pros & Cons of the Huobi platform:
- 24/7 customer support.
- Excellent trading platform
- More than 350 cryptocurrencies.
- High-quality cyber security
- Strong customer support
- Low trading fees
- Professional trading tools.
- Mobile app
- Not available in the US.
- No fiat deposits or withdrawals
- The complex account registration process
4 – Crypto.com
In 2016, Crypto.com, a global cryptocurrency exchange, was founded. It is headquartered in Hong Kong and currently serves over 10 million traders in more than 90 countries and enables you to buy and sell over 250 cryptocurrencies with low trading fees.
The unique selling point of the Crypto.com platform is that it allows users to stake their cryptocurrency.
By staking or holding them in a crypto.com wallet, users can earn up to 14.5 percent p.a. interest. Aside from trading, the exchange provides several other services, including staking rewards, Visa card benefits, NFT trading, DeFi products, and more.
Security: Crypto.com employs various security measures, including MFA (multi-factor authentication). It also uses whitelisting to safeguard customer accounts. The platform employs compliance monitoring, and stores customer deposits offline in cold storage to prevent hacks and losses.
Deposit: The minimum account balance on this platform is $1. Maker/Taker fees range from 0.04 to 0.40 percent. During the first 30 days after opening an account, credit/debit card purchases are charged at 0% or no fee. Users can also earn up to $2000 for each friend they refer.
Crypto.com HBAR Listing: September 14, 2021
Pros & Cons of the Crypto.com platform:
- More than 20 fiat currencies are supported.
- A separate NFT platform
- There are no fees for sending cryptocurrency to other users via the mobile app.
- It offers up to 8% cashback on its own Visa card.
- Price alerts
- Up to 14.5% p.a. interest earnings
- Competitive fee
- Pay more for lower balances.
- Residents of New York are not eligible.
- Services for the US platform are limited.
- No customer service via phone.
5 – Bybit
Bybit is a cryptocurrency trading platform offering spot, derivatives, and margin trading with up to 100x leverage on BTC/USD and ETH/USD trading pairs.
Bybit was founded in March 2018 in Singapore by professionals from investment banks, technology firms, the forex industry, and early blockchain adopters. It is a British Virgin Islands-registered trading exchange with over 2 million users.
Bybit is a cryptocurrency-to-cryptocurrency exchange that does not require customers to go through onerous KYC verification and currently has a daily trading volume of up to $1 billion.
Bybit HBAR Listing: Ocotber 27, 2021
Pros & Cons of the Bybit platform:
- Up to 100x leverage on crypto
- Advanced tools supported by great technology
- Risk-free test environment to learn and experiment
- Educational resources
- Not available in the US
- Not suited to spot trading
6 – Binance
Binance is one of the most active cryptocurrency exchanges in daily transaction volume, with more than $20 billion transacted daily. It provides access to hundreds of assets and a welcoming trading environment, simplifying profiting.
Minimal fees, a robust charting interface, and support for hundreds of coins are among Binance’s most distinguishing features. Binance, in contrast to eToro, is a cryptocurrency-focused exchange that does not provide copy trading, FX, commodities, or other financial services.
Binance uses two-factor authentication (2FA) and FDIC-insured deposits in US dollars (USD). Binance also uses device management in the United States, address whitelisting, and cold storage to protect its customers.
Fees range from 0.015 to 0.10 percent for buying and trading, 3.5 percent or $10 for debit card purchases, whichever is greater, and $15 for US wire transfers.
The HBAR token was listed on Binance on September 29, 2019, and is now available for trading. Furthermore, Binance has launched trading pairs for HBAR/BTC, HBAR/BNB, and HBAR/USDT.
Pros & Cons of the Binance platform:
- Over 500 cryptocurrencies for trade
- A wider range of altcoins
- More staking options – Binance Earn feature
- Professional traders have access to all the chart indicators they need
- Margin trading – long or short on leverage
- Massive selection of transaction types
- US customers can’t use the Binance platform, and the Binance.US exchange is very limited
- High fees for credit card deposits
- No copy trading
7 – Coinbase
When people ask how to get started investing in cryptocurrency, Coinbase is frequently mentioned as a good place to start. Coinbase was founded in 2012, just three years after Bitcoin was created, and has grown to become the largest cryptocurrency exchange in the United States by trading volume, with over 73 million verified users in over 100 countries.
While the company provides various valuable products for retail and institutional investors, businesses, and developers, the ability to buy, sell, and trade more than 100 different cryptocurrencies and crypto tokens is its defining feature. After going public through a direct listing on the Nasdaq exchange in April 2021, its quarterly trading volume is currently $327 billion, with $255 billion in assets on the platform.
While Coinbase’s transaction and trading fees are higher than some competitors, it remains one of the most popular cryptocurrency investing apps.
Limit and market orders for HBAR can be placed on the Coinbase Pro exchange. The maker/taker fee is 0.5 percent for the first $10,000 in volume traded in 30 days, after which it drops to 0.35 percent. You can trade cryptocurrency for free without paying a maker fee if your 30-day volume exceeds $300 million.
Pros & Cons of the Coinbase platform:
- Trade against the US Dollar, GBP, or EUR rather than USDT
- Well-known and trusted by US regulators
- Instant deposits and withdrawals to/from a bank account
- Remember to use Coinbase Pro for lower fees
- Higher maker/taker fee than Binance unless your trading volume is very high
- The Coinbase Pro website is slow and lacks chart indicators
- Less customer support
8 – KuCoin
KuCoin, founded in 2017, is a global cryptocurrency exchange that provides various trading options to its eight million customers. Spot, futures, margin, peer-to-peer (P2P), and staking and lending are all available.
Johnny Lyu is the Co-Founder and CEO of KuCoin, one of the world’s most well-known cryptocurrency exchanges. KuCoin has grown to become one of the most well-known cryptocurrency exchanges. It has over 8 million registered users from 207 countries and territories worldwide.
Deposit and Withdrawal: KuCoin does allow for the purchase of Bitcoin with fiat currency, but only through a third-party application. Payments can be made with a credit or debit card, Apple Pay, or Google Pay, but not by bank transfer. However, the fees could be exorbitant.
KuCoin Transaction Fees: Kucoin’s trading fee structure is straightforward. The platform charges 0.1 percent for both makers and takers, making it one of the most affordable Bitcoin exchanges online. If you own the platform’s native Kucoin tokens, you can further reduce your fees.
Hedera (HBAR) was listed on KuCoin on September 14, 2021, and supported HBAR/USDT and HBAR/BTC trading pairs.
Pros & Cons of the KuCoin platform:
- User-friendly exchange
- Low trading and withdrawal fees
- Vast selection of altcoins
- Ability to buy crypto with fiat
- 24/7 customer support
- No forced Know Your Customer (KYC) checks
- Ability to stake and earn crypto yields
- Complicated interface for newbies
- No bank deposits
- No fiat trading pairs
9 – Bitfinex
Bitfinex is a well-known cryptocurrency exchange that allows users to buy, sell, and trade a wide range of digital coins. In 2012, the Hong Kong-based portal was established. Because Bitfinex’s trading area includes a robust set of chart analysis tools, intermediate and professional traders are likelier to use it.
Aside from cryptocurrency, the only way to deposit and withdraw funds is via wire transfer. Bitfinex, like Coinbase, is one of the few platforms that allows you to short cryptocurrencies and use leveraged trading strategies.
Founders – Bitfinex was founded in December 2012 as a peer-to-peer Bitcoin exchange offering digital asset trading services to customers worldwide.
Bitfinex Securities Ltd., a blockchain-based investment product provider, has established a regulated investment exchange (Bitfinex Securities) in the AIFC to improve members’ access to a diverse range of financial products. Bitfinex, as a result, is completely unregulated. While the corporation’s headquarters are in Hong Kong, it is registered in the British Virgin Islands.
Fees and deposit limits: Bitfinex charges a 0.1 percent fee for bank transfer deposits. If you deposit $10,000, for example, you will be charged a fee of $10.
Withdrawal fees: Bitfinex charges a 0.1 percent fee for bank transfer withdrawals. You can pay a 1% expedited fee if you need funds within 24 hours.
Pros & Cons of the Bitfinex platform:
- Established in 2012.
-
Suitable for experienced traders.
-
Over 100 coins are supported.
-
Bank wire deposits and withdrawals are accepted.
- US citizens are not accepted.
-
Expensive trading fees
- Support team only available via email
What is Hedera (HBAR)?
2016 Dr. Leemon Baird created the Hashgraph as an open and accessible review consensus algorithm. Hedera HBAR was marketed and sold to investors via an ICO in August 2018. By September 2019, the Hedera main net had been launched, bringing cryptocurrency to the market. Hedera is a decentralized public network and governing council owned and managed by a worldwide council.
This council includes Baird’s firm, Swirlds Corporation, and corporations like Boeing, Deutsche Telekom, Google, IBM, Tata Communications, and LG. And when we combine all of them together, it makes the Hedera Hashgraph the world’s first publicly distributed ledger that employs the unique Hashgraph algorithm and has its own native token, which is known as HBAR. HBAR tokens are used to run decentralized applications, issue payments, and ensure the Hedera Proof-of-Stake network.
Hedera Hashgraph’s brilliant idea was to look at one of the fastest and most reliable modes of human communication—gossip. Dr. Baird developed the gossip-about-gossip protocol for the hashgraph method.
In contrast to the blockchain, which uses miners to process data blocks regularly in a Proof-of-Work protocol, Hashgraph employs a completely new network design or data structure known as Directed Acyclic Graph, or DAG. The DAG of Hashgraph is composed of these spherical objects known as “events” that are gossiped about among the network’s nodes, like notes in a harmonic series. For example, let’s say there are some nodes in a network.
Each and every node in this method exchange its data with every other node present in that system. As a result, every node has its own data and data from all other blockchain nodes. So that each node has access to the data of the other nodes, with this protocol, one node exchanges its data with another random node, and the process continues until they each get every chunk of data or information.
Hashgraph technology, developed by Dr. Leemon Baird, is a strong alternative to blockchain. Hashgraph resolves all of the same challenges and problems as blockchain but completely differently. Let’s compare the speed, transaction fees, and security of Hedera and blockchain to clarify.
- Speed: Bitcoin can process around seven transactions per second. Ethereum, the world’s second-biggest blockchain, can process around 15 transactions per second. Hashgraph can attain a blistering speed of 10,000 transactions per second at its best levels.
- Fees for transactions: Depending on how busy the network is, the typical transaction cost for Bitcoin and Ethereum might range from several cents to $10 or even more. In comparison, because there are no miners to compensate for their efforts, Hedera Hashgraph may limit its transaction cost to a bare minimum of $0.0001 in USD, paid in HBARs. Network demand or traffic does not affect this charge, making it secure and suitable for business use and growth.
- Security: Hedera Hashgraph has attained the greatest security conceivable for a consensus algorithm: asynchronous Byzantine Fault Tolerance (aBFT). Hashgraph’s aBFT network may establish consensus with 100 percent permanence by assuming that messages between fair nodes would be postponed or never reach their targeted receivers, such as in the case of a cyber-attack.
Hedera Hashgraph, just like blockchain, has a large number of potential uses. This scratches the surface from micropayments to music and proprietary information, procurement, decentralized advertising, autonomous identity, decentralized banking, and the Internet of Things.
There are currently over 300 decentralized applications being developed on the Hashgraph platform, including the medical technology platform Safe Health Systems, Inc., which is used by over 150,000 users at Delta, Arizona State University, and The Coupon Bureau, an industry-managed platform whose advisory committee includes Target, General Mills, GS1 and many others.
Is it worth Buying Hedera (HBAR) in 2024
From its beginning until early 2021, the value of HBAR, Hedera network’s native cryptocurrency, remained within a restricted range fluctuating between $0.01 and $0.08. However, as the year progressed, a noticeable shift in this pattern became apparent.
In the beginning of the year, HBAR started trading at $0.03181, which marked the start of a significant rally. The price surged to its peak of $0.4495 on March 15th, coinciding with a broader uplift in the cryptocurrency markets. However, following this high point, HBAR gradually declined in April along with a market-wide downturn. Ultimately, on July 21st, 2021, the coin hit its lowest point at $0.1559.
Partly, August saw a resurgence in the market due to the growing interest in non-fungible tokens (NFTs). During this period, HBAR experienced a recovery, reaching the $0.30 milestone early in September. Notably, the excitement surrounding HBAR’s listing on Coinbase (COIN) exchange triggered a surge in price, peaking at $0.07393 on September 12th.
However, an unexpected delay in HBAR’s Coinbase listing led to a subsequent price correction, diminishing its value to $0.05597 on the 3rd of October. Upon the eventual listing on the 13th of October, HBAR was exchanged at $0.06677.
During the subsequent period, HBAR maintained a relatively stable value around $0.06 until a catastrophic event unfolded – the collapse of the FTX (FTT) exchange – triggering a market-wide crash. As a result, by December 31, 2021, HBAR concluded at $0.03643, indicating a significant annual loss of more than 87%.
The start of the new year brought signs of recovery for HBAR and the broader cryptocurrency landscape. On February 12th, HBAR reached its highest price since May, trading at $0.09839. However, it faced a setback when its value dropped to $0.05458 due to the tumultuous events surrounding Silvergate Bank’s collapse. Despite this setback, a relatively optimistic market climate maintained HBAR’s value hovering around $0.0646 on March 30th, 2023.
According to the latest available data, Hedera’s HBAR is currently priced at $0.062297 with a 24-hour trading volume of $ 213.24M. In the past 24 hours, HBAR has experienced an increase of 5.45%. As per CoinMarketCap rankings, HBAR holds the #30 spot and has a live market capitalization of $1 billion. The circulating supply for HBAR coins stands at 14.83B while the maximum supply is capped at 50.00B.
Will the Price of Hedera (HBAR) Go Up in 2024?
Hedera Hashgraph (HBAR) experienced significant developments in 2023. Specifically, the second quarter shed light on crucial insights regarding the project’s growth trajectory.In the second quarter of 2023, a significant milestone was reached when COFRA, a prominent entity, became part of the Hedera Governing Council.
The organizations that make up the Hedera Governing Council are dedicated to driving the progress and growth of the Hedera network. The participation of COFRA in operating the network’s validator nodes highlights their commitment to supporting Hedera’s expansion.
The Hedera Network Services have experienced consistent growth and adoption in various domains. One notable achievement is the rapid rise of the Hedera Consensus Service, establishing itself as the network’s fastest-growing service.
The surge in Hedera network usage during this timeframe is primarily driven by the thriving Non-Fungible Token (NFT) sector. This represents a notable shift from previous quarters, where Decentralized Finance (DeFi) applications held the dominant position as the primary driving force.
A significant announcement resounded throughout the Hedera ecosystem when the project revealed its Ethereum Virtual Machine (EVM) equivalence strategy. This endeavor, driven by contributions from Swirlds Labs and with Hashio at the helm, ushers in the integration of Solidity and Vyper smart contracts on the Hedera network. Consequently, this strategic move holds the potential to enhance the network’s capabilities and entice more developers to join its ranks.
The ecosystem has further flourished through collaborations with established organizations and significant revelations within DeFi, NFTs, and gaming. These partnerships have infused momentum into developer activities and fortified the network’s position in various sectors.
Despite its current growth, the Hedera Governing Council remains unwavering in its commitment to maintaining a balanced governance approach and ensuring network stability. The upcoming Phase 4 of staking is expected to further fuel the expansion of the network’s thriving ecosystem. Despite facing various challenges, Hedera’s core services have consistently grown and flourished, showcasing a promising outlook for its future trajectory.
Market analysts and experts argue that this form of growth has the potential to adversely affect Hedera’s price. As 2023 progresses, the ongoing upward trends in growth are expected to exert even greater pressure on the price, sparking speculation about the future value of the token throughout the year.
Hedera (HBAR) Price Prediction: Where does Hedera (HBAR) go from here?
In the Proof-of-Stake Coins sector, Hedera Hashgraph currently holds the 11th position in terms of market cap. Moreover, within the Layer 1 sector, it ranks at number 25. However, there is a prevailing sentiment of pessimism regarding Hedera Hashgraph’s price prediction. This sentiment coincides with a Fear & Greed Index standing at 54, indicating a neutral outlook.
Hedera Price Prediction 2023
Technical indicators are showing a strong buy signal due to the number of people who have started talking about this platform. Indicators show that the current sentiment around this token is bullish. And when it comes to making short-term predictions in the coming months, if HBAR can sustain its support at 0.236 fibs, it can climb up to test $0.1, which will get it closer to its all-time high. Experts report that this token can reach $0.17 by the end of 2023.
Hedera Price Prediction 2024
We believe the entire market will come out of the crypto winter phase by the beginning of 2024, which puts a lot of attention on cryptos like HBAR. Increased attention will increase the development pace. More brands like Dell would partner with HBAR by then.
The increased attention and relative interest in the crypto space will likely pump HBAR’s price to $0.20 by the end of 2024.
Hedera Price Prediction 2025
More value-added services could arrive on the Hedera network, which will work in its favor and allow it to attain another bull rally. Also, 2025 may be the year when most of the cryptocurrency space will become more regulated. That will deal with the uncertain nature of the crypto market to a degree, which will moderately push HBAR’s price. Experts say that HBAR will be worth $0.30. by the end of 2025.
Hedera Price Prediction 2026 and Beyond
Experts believe HBAR’s fundamentals will start to shine by 2026 – and people will become more knowledgeable about the blockchain space. Hedera has been working with many educational institutions, such as IIT Madras, to get the word out about the alternatives to the standard blockchain. As more people become aware, more buyers will arrive. The resultant influx might push the value of this asset all the way to $0.44 by the end of 2026 – which is beyond its all-time high.
To reach that $1 mark, Hedera will need to wait a bit longer since increased competition is on the way.
Summary
Hedera Hashgraph is a market leader in the cryptocurrency space due to its rapid growth rate, and many crypto enthusiasts and analysts believe that HBAR has enormous growth potential. However, before investing, investors should always conduct their own research. Our analysts believe now is an excellent time to purchase HBAR; however, the market is always volatile.
Hedera Hashgraph is a good investment, according to Hedera Hashgraph price predictions. It is a leading player in the cryptocurrency space, which has grown rapidly; as a result, many crypto market enthusiasts are bullish on the future price of the Hedera coin. Before investing in tokens, investors should conduct their own research.
As previously stated, the coin has the potential to grow at an exponential rate. As a result, if you want to buy it, our recommended regulated broker, eToro, can assist you. Of course, the platform is licensed and regulated by the FCA and has one of the best reputations in the industry. Furthermore, eToro offers many educational resources to assist those new to the market in learning the ropes.
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FAQs
Any risk in buying HBAR now?
Hedera is a leading player in the crypto space due to its fastest growth rate, and many crypto enthusiasts, along with analysts, believe that HBAR has massive growth potential. However, investors are always advised to conduct their own research before investing. According to our analysts, it is a great time to buy HBAR. However, the market is always prone to risk.
Is it safe to buy HBAR?
The network maintains the security of each app through its Proof-of-Stake (PoS) backed by the Hashgraph consensus mechanism. The safety of buying any token is associated with the platform where we purchase it. Buying an HBAR token at a trusted and regulated broker like eToro can be safer than buying it on any unregulated broker platform. However, do your own research to decide which broker or exchange is most suitable for you to buy HBAR tokens.
How much will HBAR be worth in 2030?
Given its potential, popularity, support from Musk, and use cases, our analysts anticipate that Hedera’s native token HBAR will be able to achieve the $1 milestone by the end of 2030.
Wil HBAR ever hit $500?
Given its price history and potential right now, it seems highly unlikely. However, there is nothing for sure in the cryptocurrency world. If the network manages to achieve its goal of becoming the most prominent and leading payment service method in the future, then there are chances that HBAR tokens will reach this level of price.
