HBAR Price Prediction 2022-2031: Hedera Hashgraph Soon to Retest its ATH?
Around $129 billion of value was wiped off the cryptocurrency market in a 24-hour period as of 4:03 am ET, on 5 May 2022 according to data from CoinMarketCap. The selling of cryptocurrency was sparked by a painful day on Wall Street where the Dow Jones Industrial Average lost more than 1,000 points last Thursday, marking its worst single-day drop since 2020.
So if you are looking to buy and hold, then it’s always good to start scaling in carefully when there’s proverbial blood in the streets, advised Chris Brookins, co-founder, and CEO of RociFi. Other aspects of the crypto market are still active, like NFTs and various DeFi protocols, and the market might regain its foothold after panic-selling.
Hedera Hashgraph (HBAR) cryptocurrency is one of the altcoins that enjoyed a bullish trend from the beginning of 2021 to the end of March 2022. As a result, many crypto traders have taken an interest in the digital coin since its blockchain technology shows many prospects of becoming a force to reckon with within the blockchain industry.
The question in every crypto investor’s mind is this: When will HBAR’s price rise again? Despite the overall bear market and what happened with LUNA, everyone can see clearly that HBAR Coin has strong buying potential. Now many indicators are indicating a bullish trend. So, can we see this scenario happening soon: Is the HBAR Coin due for a retest of its all-time high?
Also Read:
• How To Buy HBAR?
• Best Place To Stake HBAR?
Today’s Hedera price is $0.061561 with a 24-hour trading volume of $26,603,353 USD. Hedera is down 3.90% in the last 24 hours. The current CoinMarketCap ranking is #40, with a live market cap of $1,298,009,238. It has a circulating supply of 21,084,776,584 HBAR coins and a max. supply of 50,000,000,000 HBAR coins.
We shall look at what HBAR token is, how the blockchain operates functions, its price action, and its price prediction for the remaining part of 2021 and 2022 to help traders evaluate whether the cryptocurrency project is a profitable investment or not.
What is an Hedera Hashgraph (HBAR) token?
The Hedera Hashgraph token, commonly denoted as HBAR, is the native cryptocurrency of the Hedera Hashgraph blockchain network. Its current price is $0.1696.
The Hedera Hashgraph cryptocurrency has two roles in the Hedera Hashgraph blockchain. The first role is fueling services like transactions, file storage, and execution of smart contracts, and the second is securing the blockchain network through staking. HBAR holders stake their HBR tokens to help maintain the integrity of the blockchain platform.
There is a maximum total supply of 50 billion HBAR tokens, and out of these, only 18% (8.95 billion HBARS) are currently in circulation supply, which represents an increase of about 28% since the start of 2021 when the coins in circulation supply were about 14% of the total coin supply.
The Hedera Hashgraph network releases the HBAR tokens in cycles, ensuring that the total coins in supply during the first few years of the blockchain remain below the two-thirds required to hold consensus. Every month, Hedera releases a month detailing how it shall distribute the next wave of HBAR tokens through public reports published on its official website in the HBAR Economics sections (under the HBAR tab) in the ‘What is Hedera’s circulating supply of HBAR?’ question.
According to Hedera’s whitepaper, about 17.03 billion HBAR tokens, about 34% of the total maximum coin supply, will be in the circulation supply by 2025.
What is the Hedera Hashgraph blockchain?
Hedera Hashgraph blockchain is a distributed ledger technology that provides individuals and businesses with a platform to create decentralized applications (DApps). It is portrayed as the ‘trust layer of the internet.
Hedera’s founders and the rest of the development team designed it to offer solutions to some of the challenges (e.g., instability and slow performance) of most older blockchains like Blockchain and Ethereum.
The blockchain started through an ICO in 2018 and introduced its mainnet a year later in 2019.
HBAR uses a consensus mechanism known as Hashgraph consensus. It involves a rotating governing council of 39 diversified organizations from different industries. This council is the one that is involved with managing and updating Hedera Hashgraph codebase, voting on decisions about the platform, and operating the blockchain’s initial nodes.
Besides the consensus mechanism, the blockchain also uses a proof-of-stake (PoS) consensus mechanism in ensuring that the integrity of the network is maintained and thus ensuring that it is secure. The PoS allows HBAR holders to stake their tokens for this purpose.
The overall security setup of Hedera Hashgraph enables it to achieve an asynchronous Byzantine fault tolerance (ABFT) that guarantees transactions are completed within the stipulated time regardless of whether some data is available or not.
Byzantine fault tolerance (ABFT)
The overall security setup of Hedera Hashgraph enables it to achieve an asynchronous Byzantine fault tolerance (ABFT) that guarantees transactions are completed within the stipulated time regardless of whether some data is available or not. Hedera is the first and only public DLT to use this consensus algorithm, which we believe will be both faster and more secure than other existing public networks.
In a distributed system such as cryptographic ledgers, Byzantine Fault Tolerance (BFT) is a plan’s ability to tolerate that an arbitrary number of faulty components fail, inducing the distributed system to commit abnormal behaviors. The Byzantine failure model is a stringent assumption where any false or malicious part can decide or perform any operation, including halting execution, controlling other users’ access to shared resources, delaying messages, replaying old messages, dropping data packets.
What makes Hedera Hashgraph blockchain unique?
The hashgraph consensus mechanism used by Hedera Hashgraph is entirely different from the consensus mechanisms used by most blockchains, and it enables Hedera Hashgraph to offer better services in terms of scalability, speed, and cost of transactions.
Hedera Hashgraph can handle over 10,000 transactions per second, which is way far more than what the likes of Bitcoin and Ethereum blockchains can process per second. And while it takes between 10 to 60 minutes for transactions to be confirmed in blockchains like Bitcoin and Ethereum, it only takes 3-5 seconds for a transaction to be established in Hedera Hashgraph.
Regarding the cost of transactions, Hedera Hashgraph is way cheaper than most blockchain networks. Its average transaction fee is $0.0001 per transaction in Hedera Hashgraph, while it costs $22.57 per transaction in the Bitcoin blockchain.
Figure 1. Comparing HBAR blockchain to Bitcoin and Ethereum (Source)
Hedera Hashgraph also has several features that make it an excellent blockchain for its users, and these include:
- Smart contract functionality that allows DApps developers to develop powerful DApps.
- Enabling users to mint both fungible and non-fungible tokens (NFTs) for the DApps that they develop on Hedera Hashgraph.
- An additional PoS consensus algorithm ensures that the network is secure while offering HBAR users a means of earning a passive income by staking the tokens.
- A decentralized file storage system that includes features like controlled mutability, time-based file expiry, and proof-of-deletion.
Hedera Hashgraph Price History
When the HBAR coin was first sold to the public through an ICO, the coin price was $0.12 and although the token has gone through had its ups and downs in the market, it still has a positive ROI, which currently stands at 40.2% against the US dollar.
HBAR crypto started trading in September 2019, a year after its ICO was conducted, and it started trading a price that was about half of what it was sold for during the ICO. And as if things were not bad yet, the digital coin value dropped further to trade below $0.03 until the start of 2020, when it made a slight bullish attempt that saw it go above $0.06 though it didn’t hit $0.07.
HBAR maintained a price above $0.03 for the whole of 2020. Then, at the beginning of 2021, the cryptocurrency price started skyrocketing, and the bullish trend continued until mid-March when it hit its all-time high of $0.4495. The coin tried to get past the all-time high price in April to no avail before taking on a bearish trend that has continued till today, as seen in the HBAR chart below.
Figure 2. Hedera Hashgraph price history chart (source)
Although the HBAR price is currently bearish, the digital asset value is still well above the price sold during its ICO. Experts believe that the coin will turntables (as we shall see in the price analysis section and Hedera Hashgraph price prediction sections below) since the current bearish trend is being witnessed across all cryptocurrencies prices popular coins like Ethereum price, Ripple price, and Bitcoin price.
New developments in the Hedera Hashgraph blockchain network
The Hedera Hashgraph platform has involved itself in the NFT space, and recently, it partnered with HashAxis, a global non-fungible token (NFT) marketplace built on Hedera. The launch of Hash Axis on the Hedera Network supports the company’s mission to bring distributed ledger technology to the masses.
Again, atma.io, a global materials science company specializing in designing and manufacturing a wide range of labeling and functional materials, partnered with Hedera to account for the carbon emissions of billions of unique items.
HBAR’s banner was seen at the Consensus 2022 event recently. It is essential to know that the Consensus Festival, presented by Coindesk, is one of the most sought-after events in the crypto-industry.
HBAR’s Metaverse Fund recently committed $250 million to bring customers into the Hedera ecosystem at scale and accelerate the development of applications in high-growth target areas such as gaming and virtual worlds, social platforms & fan engagement, etc.
The #Metaverse Fund has committed $250 million to bring consumers into the @Hedera ecosystem at scale and accelerate the development of applications in high-growth target areas
— The HBAR Foundation (Accelerating Hedera) (@HBAR_foundation) June 3, 2022https://t.co/QKvHkOZ2DV
HBAR Technical Analysis
The crypto bear market has impacted Hbar’s performance this year. Crypto analysts agree it’s challenging to predict when the market will bottom out.
Hbar has been trading sideways for the last two months, as shown by the William Alligator trend lines. The MACD histogram is in negative territory, suggesting little price momentum on the downside. The 14-day RSI shows no sign of a price reversal.
HBAR Price Predictions by Authority Sites
Walletinvestor
Wallet investor ranks Hbar’s historical data performance ‘C.’ They suggest the Hbar coin is a ‘bad’ long-term investment.
The Hbar prices will range from an average trading price of $0.0581 to $0.0654 in the coming two weeks. Traders should expect the Hbar coin’s average trading value to reach $0.065 in one year after dropping 89.07%. Hbar’s average trading price will continue to drop until 2027. Hbar’s return on investment (ROI) in 2024 will be -79.92%, 2025 will be -37.14%, 2026 will be -55.49%, and 2027 will be -88.66%.
TradingBeasts
Trading beasts analyzed the Hedera Hashgraph coin past price data using linear and polynomial regressions to provide the Hbar price forecast. Hedera Hashgraph token will be bearish in the second half of 2022. It will trade at $0.0680909 in September and fall to $0.0880909 in December. The value of the Hbar tokens will continue dropping from 2023 until April. The Hbar price value will then rise from $0.0858208 in May to $0.1029894 in December. Hedera Hashgraph’s forecast price will be bullish in 2024. It will trade at $0.1066152 in January and $0.1358872 in December. The rising Hbar token trend will continue into 2025; the Hedera Hashgraph currency will trade at $0.1194221 in January and $0.1391670 in December on crypto exchanges.
Digitalcoin Price
Hbar tokens have been on a downward trend since April. Hbar will trade at an average price of $0.096 in October.
The forecast will range between $0.086 and $0.096 for the rest of the year. Hedera Hashgraph tokens will be bearish for the period between 2023 and 2031.
Hedera Hashgraph tokens will trade at an average price of $0.13 in 2025. It will reach a minimum price of $0.11 and a maximum price of $0.14. Hbar coins will trade at an average price of $0.29 in 2030, reaching a minimum price of $0.29 and a maximum price of $0.30.
Cryptopolitan
Hbar Price Prediction 2022
The Hbar price prediction for 2022 is $0.094. Hbar will sell between $0.09 and $0.1 for the rest of the year.
The bear market has dramatically affected Hbar, which has dropped 80% this year. In recent news, the ledger hardware wallet supports Hbar. Users can now store their tokens offline. Revival of the bulls’ crypto market will increase Hbar prices;
Hbar Price Prediction 2023
The Hbar price prediction for 2023 is $0.13.The coin will mark a maximum price value of $0.16 and a minimum price value of $0.13.
Hedera is making strides in the gaming industry through partnerships. Blockchain gaming changes the gaming scene by introducing collectible assets that players can trade in the inbuilt marketplace. The economics also allows players to earn crypto and collectibles while playing.
Hbar Price Prediction 2024
The Hedera price prediction for 2024 is $0.2. HBAR offers more use cases than Ethereum- the second largest crypto by market capitalization. With fair, predictable transaction fees, Hedera is 10 times faster than its competitors.
The expected Hbar maximum price is $0.22, and the minimum price is $0.19.
Hbar Price Prediction 2025
The Hedera coin price prediction for 2025 is $0.29. Hbar will reach a high price of $0.33 and a low price of $0.28.
Hedera is a carbon-negative blockchain aiming to become Carbon positive in the future. The blockchain tech is revolutionary, noting the friction caused by bitcoin and Ethereum due to their high energy consumption and unsustainability. Hedera utilizes about 0.00017JKWH per transaction, which is low compared to Ethereum, which uses 102 KWH.
Hbar Price Prediction 2026
The Hedera price prediction for 2026 is $0.4. Hedera is a fast blockchain; it processes about 10,000 transactions per second with an average fee of $0.0001. These features make the Hedera native token ideal for cross-border payments. Hbar will reach its highest price at $0.48 and lowest price at $0.39.
Hbar Price Prediction 2027
The Hedera price prediction for 2027 is $0.62. The Hedera Foundation provides developers with plugins to easily transition into the blockchain, and the Hedera library consists of integrations, a learning center, and SDKs. Hbar trades will reach a high price of $0.68 and a low price of $0.6.
Hbar Price Prediction 2028
The Hedera Hbar price prediction for 2028 is $0.89. The Hbar utility token will reach a high price of $1.04 and a low price of $0.87.
The Hbar foundation provides developers with funding to boost their projects. These include the Hshgraph association for startups, the Hbar foundation- for bringing ideas to the market, Launchpad Luna for NFT projects, and HEadstarter for curating early-stage projects.
Hedera hashgraph Price Prediction 2029
The Hedera Hbar price prediction for 2029 is $1.29. The Hbar trading volume will rise, marking a high price of $1.51 and a low price of $1.25.
The Hedera Foundation prides itself on a top-ranking governing council. The council is democratically elected and consists of leading global organizations. These organizations include UCL, LG, DBS, Boeing, EDF, Ubisoft, Dentons, and Zain.
Hedera hashgraph Price Prediction 2030
The Hedera Hbar price prediction for 2030 is $1.91. Hbar’s bullish trend will see it reach a high price of $2.18 and a low price of $1.84.
We are at the doorstep of WEB 3, and Hedera is doing all the heavy lifting. By the decade’s end, we expect the high adoption of blockchain systems, and Hedera will reap big from its early investments.
Hbar Price Prediction 2031
The Hbar price prediction for 2031 is $2.82. The coin will reach a high of $3.28 and a low of $2.73.
During this year, Hedera’s market will grow 10-fold. Innovations will be critical to its continuous growth since more efficient blockchains are coming up yearly. Failure to evolve, Hedera will fall behind its counterparts.
HBAR Price Predictions by Industry Influencers
Michelle Jongbloets, a crypto enthusiast, analyzes Hbar performance using RSI and MACD indicators to determine the support and resistance levels. She comments that we are in a bear market, and Hbar will drop lower to the $0.0631 mark.
Crypto vault Youtube channel provides Hbar technical analysis and price prediction.
The HBAR token is a utility token, as it continues to secure billions of dollars in major sectors such as NFTs and the metaverse space. With that in mind, @hbar_to_moon suggests that metrics show HBAR will become the world’s only good #DLT network. According to him, the HBAR price is not the right metric to look at yet, because all crypto is still moving with Bitcoin, but that will change too.
Famous crypto influencer, Jack Gordon, predicts that HBAR can reach $100 in the long–term, making it a good investment. They also expect HBAR to achieve a 2 Trillion market cap around that time.
Conclusion
The crypto market is forecasted to grow in the coming years, with HBAR’s price expected to rise along with it. Nevertheless, several factors could lead to the rise and fall of prices in the crypto market. These include advances in technology, actions of government, and regulatory bodies.
Some crypto analysts believe that the Hedera coin can be an excellent investment in the future. But we say that the coin can experience a price rise if only it comes up with more use cases. If you’re a long-term investor in the Hedera Hashgraph project, it can be undoubtedly beneficial. The project has the backing of some technology giants, and their support makes Hedera stable.
Hedera is a third-generation blockchain offering high throughput at minimal cost while remaining sustainable. The blockchain is governed by global brands that use its enterprise-grade capabilities.
Hbar has genuine utility and will begin to recover in 2023 once the 2022 bear run ends.
Hence, anyone who wants to invest in HBAR should do so with caution – but only after doing their research. Overall, we predict a brighter future for HBAR.
from Price Prediction – Cryptopolitan https://ift.tt/PgtJk7C
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