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Hbar Price Prediction
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HBAR price predictions reveal an obvious path to threaten decades-long dominance in the crypto market. Even if blockchain somewhat meets its bullish targets over the next decade, the future belongs to Hashgraph. 

Hedera Hashgraph can be credited for the ongoing transformation of the crypto landscape into a playground for big business. At the time of writing this piece, HBAR enjoyed a 24-hour trading volume of more than $84 million. 

According to trading data on CoinMarketCap, the HBAR price is now around $0.23, ranking #54, and a fully diluted market cap of about $12 billion. The circulating supply is just over nine billion out of the total supply of 50 billion. 

Let’s delve into how Hedera Hashgraph (HBAR) is able to beat analyst predictions, whether that can continue in the future, and if the cryptocurrency is currently a solid buy. 

HBAR Price Prediction: Technical Analysis

HBAR prices have been trading reasonably well. From June to late July and now August, HBAR has been stuck with an upward trend. Busting through its 200-day moving average, the token has been able to find some support, and from there, consolidate an effort to reach new highs. From downtrend to uptrend, Hedera Hashgraph price prediction puts its capital to work.

With that said, it hit some resistance as it looked to burst through the next significant resistance level at $0.40 to $0.46. What is sustaining the upward trend continues to play a role in the price action today; for that reason, traders should keep an eye on both pivotal resistance levels at $0.249 and $0.257. 

hbar price prediction
Image source: TradingView

In the chart above, the positive DMI is clearly dominant. The false crossover of the average DMI at the start of 2021 is encouraging; the uptrend resulting is unlike any other in its history. The consolidated phase since May, which can also be called the ‘calm before the storm’ shows HBAR price predictions could be heading for a breakout soon. 

The price is choppy around this time, flanked by the weak DMI leading up to mid-July, but the positive DMI rises sharply towards August, and the uptrend follows. After that, the trading pay falls slightly, indicating bearish pressure in strong, forming lower highs, and in the absence of stronger bullish sentiments, the average DMI continues the downtrend. 

hbar price prediction
Image source: TradingView

The distribution mode since May with successive lower momentum on each rally over the last three to four months is worrying. The influence of Bitcoin price prediction is evident. The DMI is currently tightening around HBAR’s recent movements. Perhaps Hedera Hashgraph (HBAR) could be signaling a large move in price. 

The long-term and short-term price action trends are both positive: this looks good. Compared to the 2020 – 2021 performance of all cryptos, notice that HBAR is outperforming more than two-thirds of the market. What’s more, the gains produced by HBAR are well-spread over this period. Hedera Hashgraph Price predictions signal a willingness to cede bitcoin’s influence. 

Hedera Hashgraph Price Prediction: Market Opinions

WalletInvestor

Back in March, HBAR price prediction lowered expectations based on the terrain at the time. Today, WalletInvestor provides a bullish perspective for HBAR. Looking at the future of HBAR, a glimpse of bullishness is clearly building upon the price charts. The technical analysis justifies a price project of $0.44 from $0.23 in one year or less. 

Many crypto traders already have this HBAR price prediction on their list of cryptos to buy this August. If the forecast is anything to go by, investors look set to ride a wave of wealth creation to 2022 and beyond. Should HBAR close August at a solid $0.277 forecast; the potential to make a pivotal push to $0.44 will be clear. It can bust through strong price levels and hold support with an upward-facing average DMI. 

TradingBeast

The same sentiments are echoed by TradingBeast, which offers a flattering price target for HBAR, forecast $0.296 by the end of August on the same technology. One distinguishing initiative here is that Hedera Hashgraph Price Predictions target a close just above $0.5 by the end of 2021. 

Most analysts seem to agree that HBAR price prediction offers all the hallmarks of a solid investment. In the long run, a price target of $0.78 as championed by Gov.Capital is possible on the current set-up building up a monumental breakout. But first, a sustained support level of $0.24 over the next two to three months must be achieved. 

Digital Coin

Both theories draw on the consolidated patterns of the month of July, but DigitalCoin‘s analysis signals skepticism on Hedera Hashgraph (HBAR) part of sustaining a solid market push. The forecast projects a price target of $0.9 in the next five years.

Latest News and Happenings Concerning Hedera Hashgraph (HBAR)

The fundamentals seem to support the bullish sentiments on the long-term time frame. With institutional backing by legacy corporations such as Boeing and Tata, it is possible to see how Hedera Hashgraph could attract deep-pocketed clientele as it seeks to dethrone Satoshi’s blockchain. 

In May, Hedera Hashgraph announced a partnership with Hong Kong-based Helix Accelerator to launch the first NFT-based football game. Beyond the confines of decentralized gaming, this news will have major impacts on HBAR price predictions, given that football is the most popular game in the world. It seems the goal is to target what matters to the masses right now rather than in the future. 

When Liechtenstein Blockchain Innovator LCX was looking to expand its protocol for digital security, Hedera Hashgraph was the partner they choose for infrastructural support. The level of confidence in the security token standard is a signal of great returns in the future. 

Looking to expand the adoption of its ecosystem even further, VCCESS launched on Hedera Hashgraph this July to help non-crypto natives to navigate a marketplace for digital assets. As NFT’s minted from the Ethereum network and other Proof-of-Work networks fall under intense scrutiny for energy consumption, Hedera Hashgraph presents a unique opportunity. The HBAR price prediction shows that.

Going carbon negative on a Proof-of-Work powered enterprise is almost impossible. So it makes even greater significance that Hedera Hashgraph underlying technology is energy efficient. In an environmentally conscious world, enterprise-level users look for services that benefit from long-term sustainability. 

Even with the years of growing adoption of blockchain technology, investing in energy efficient systems has seemed out-of-reach. One cannot fault the excitement around a carbon negative distributed ledger technology. Consider that as companies look to reduce their carbon footprint, blockchain becomes less viable due to its energy demands. 

As the world of business moves closer to a profound and seemingly long-lasting shift to sustainability, HBAR Price Prediction is all on a green path. The reign of industrial sized mining might be coming to an end to give way to the energy efficient distributed vehicles that will power the future economy.  Looking to expand the adoption of its ecosystem even further, VCCESS launched on Hedera Hashgraph this July to help non-crypto natives to navigate a marketplace for digital assets. As NFT’s minted from the Ethereum network and other Proof-of-Work networks fall under intense scrutiny for energy consumption, HBAR price presents a unique opportunity. The best crypto predictions sites also agree with this.

HBAR Price Prediction: Verdict

The consensus forecast rating for HBAR price predictions is a strong buy. Keep in mind that demand for a truly energy-efficient distributed ledger technology is significantly high, and Hedera Hashgraph price predictions seem confident in the startup’s ability to meet demands with sustainable infrastructure. 

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