HBAR Price Prediction 2022-2031: Hedera Hashgraph Soon to Retest its ATH?

HBAR Price Prediction 2022-2031

• HBAR Price Prediction 2022 up to $0.067
• HBAR Price Prediction 2025 up to $0.22
• HBAR Price Prediction 2028 up to $0.66
• HBAR Price Prediction 2031 up to $2.02

The debacle of 5 May 2020 should be taken as a lesson to fortify but not as a hindrance against a possible better future. 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. So, let’s lay down some groundwork with this HBAR price prediction guide.

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?

Today’s Hedera price today is $0.061845 with a 24-hour trading volume of $72,570,750. Hedera is up 2.50% in the last 24 hours. The current CoinMarketCap ranking is #39, with a live market cap of $1,420,476,136. It has a circulating supply of 22,968,168,351 HBAR coins and a max. supply of 50,000,000,000 HBAR coins.

We shall look at what the 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.

Also Read:
• How To Buy HBAR?
• Best Place To Stake HBAR?

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. HBAR is used to pay transaction fees, make payments and micropayments, and protect the network through its proof-of-stake consensus. Developers and retail users can purchase HBAR from an exchange or OTC. HBAR holders can pay for application transaction fees and stake them to Hedera network nodes.

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 ensures 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 an arbitrary number of faulty component failures, 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, and 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 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 at 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.

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 be 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 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. 

HBAR Technical Analysis

According to our technical indicators, the current sentiment is Neutral while the Fear & Greed Index is showing 30 (Fear). Hedera Hashgraph recorded 15/30 (50%) green days with 2.53% price volatility over the last 30 days. HBAR technical oscillators point to the neutral zone.

HBAR Price Prediction by Cryptopolitan

HBAR Price Prediction 2022

Our HBAR price prediction for 2022 is a maximum of $0.67. We expect the minimum price of the coin to be around $0.063, while the average price is expected to be $0.065.

HBAR Price Prediction 2023

Our HBAR price prediction for 2023 could be a maximum of $0.11. The minimum price is $0.091, and the average trading price of the coin is predicted to be $0.094. As Hedera Hashgraph builds its smart contract ecosystem, we expect more adoption, leading to a price increase.

HBAR Price Prediction 2024

Our HBAR price prediction for 2024 is a maximum of $0.16. We expect the coin to have a minimum and average price of $0.13 and $0.14, respectively.

HBAR Price Prediction 2025

Our Hedera price prediction for 2025 is a maximum of $0.22. The coin’s lowest price is expected to be $0.19, and the average trading price of the coin is $0.20. The influx of manageability features through the DAO, along with other powerful ad campaigns, can boost the price of HBAR by 2025.

HBAR Price Prediction 2026

Our HBAR price prediction for 2026 is a maximum of $0.34. Again, the minimum price the coin will have by the end of 2026 will be $0.27, while its average trading price is expected to be $0.28. If there are more developments and partnerships in HBAR’s ecosystem, we expect a boost in its price.

HBAR Price Prediction 2027

Our HBAR price prediction for 2027 is a maximum of $0.47. We also predict a minimum price of $0.39, with an average trading price of $0.40.

HBAR Price Prediction 2028

Our HBAR price prediction for 2028 is a maximum of $0.66. The minimum price of the coin by 2028 is expected to be $0.57; the average trading price of the coin is forecasted to be $0.59.

HBAR Price Prediction 2029

our HBAR price prediction for 2029 is a maximum of $0.98. We also expect the coin to have an average trading price of $0.85, while its lowest price is predicted to be $0.82.

HBAR Price Prediction 2030

Our HBAR price prediction for 2030 is a maximum of $1.41. The lowest price of the coin is $1.17; the average trading price of the coin is expected to be $1.21. Also, the value of the cryptocurrency market as a whole could go up a lot by 2030.

HBAR Price Prediction 2031

Our HBAR price prediction for 2031 is a maximum price of $2.02. Again, the coin is expected to have an average trading price of $1.80. The minimum price of the coin is forecasted to be $1.75.

HBAR Price Prediction By Wallet Investor

Wallet Investor predicts that HBAR is a bad long-term investment. They predict that the coin will be worth $0.00526 in one year. Wallet Investor also expects the coin to devalue by 95.46% by 2025. By 2027, the coin is expected to regain its momentum but will still be down by 93.43%.

HBAR Price Prediction by Trading Beasts

According to Trading Beasts, HBAR is expected to have a maximum price of $0.1046 by December 2022. By that time, the coin is also expected to be worth an average trading price and minimum price of $0.0711 and $0.0837, respectively.

By 2023, Trading Beasts expects HBAR to have a maximum price of $0.1070385. The minimum price of the coin is expected to be $0.0727, and the average price is expected to be $0.0856.

Trading Beasts expects HBAR to have a maximum price of $0.1325 and an average trading price of $0.1059 by 2024. The minimum price of the coin is expected to be $0.0900.

By 2025, Trading Beasts predicts that HBAR will have a maximum price of $0.1614 and an average trading price of $0.129. The lowest price of the coin by then is expected to be $0.1098.

HBAR Price Prediction by Digital Coin Price

Digital Coin Price expects HBAR to have a maximum price of $0.0769 and a minimum price of $0.0534. The average trading price of the coin is expected to be $0.0673.

By 2023, Digital Coin Price expects HBAR to increase in price. However, they expect the coin to have a maximum price of $0.11, while its average trading price is predicted to be $0.10.

By 2025, HBAR is expected to have a maximum price of $0.18, with a minimum price of $0.15. The coin is also expected to have an average trading price of $0.17.

By 2031, HBAR is expected to have a maximum price of $0.44, with a minimum price of $0.41. The average trading price of the coin is expected to be $0.43.

HBAR Price Prediction by Industry Experts

According to popular industry expert @FXStreet, Hedera Hashgraph has space to fall, but will likely survive the crypto winter. They suggest that HBAR will remain bullish in the long term.

Conclusion

Hedera Hashgraph (HBAR) is a distributed ledger that is seen as a successor to many blockchain technologies. Even though it has lots of benefits, such as high transaction speeds, it doesn’t seem like the blockchain network will overthrow most blockchain networks in the crypto space. In addition, Hedera Hashgraph still hasn’t found popularity despite the fact that it was released far back in 2017

We are bullish on this cryptocurrency, and we expect the coin to increase in the future due to the futuristic project behind it. But we advise you do your own research before investing in this cryptocurrency.

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