For some time now, the crypto market has been a constant attraction to investors all across the globe. Some cryptocurrencies have managed to gain value against the dollar, while the price of others has plummeted significantly in the market. Ravaging through the internet, you are more likely to come across the progress of several cryptocurrencies and the speculation about their prices in the future. That is why we have prepared a unique HBAR price prediction for you.
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If you are an investor with aims for either the long term or the short term, crypto markets are worth investing in. However, it should be understood that several risks are associated with these markets, mainly volatility. In this HBAR price prediction review, we will look at the expected future trends of the Hedera Hashgraph cryptocurrency based on the directions it exhibited at the end of last year all through this year.
HBAR Price Prediction | Introduction
Hedera Hashgraph came into existence in 2018, launched by Baird and Harmon, who were its founders. A year later, the Hedera coin started its positive trend even though the growth slowed down in the latter part of the year. Hedera has an incredibly diverse consortium of at least 39 organizations that manage its dApps ecosystem.
To take advantage of its security, users need to use HBAR, which is its native token. They will, in turn, make payments to other users within the network. To help users understand the HBAR price prediction better, we need to look at its market info. As of this writing, Hedera has a market cap of $2.8B with a circulating supply of 20,741,406,793HBAR. Its current 24h volume stands at $77.3M with a total collection of 50,000,000,000 HBAR. Its fully diluted valuation stands at $6.7B, according to CoinStats.
HBAR Price Prediction: Technical Analysis
The price of HBAR has been shaky ever since the beginning of 2022. With a bearish market in place, it is expected that there will be a continuous downward trend in its price. According to Yahoo Finance, as of last year, December 2021, the price of HBAR was at $0.297956.
As 2022 began, the price drop went on. By mid-January, the price of HBAR has dropped to $0.28125. As of today, the price has reduced further, showing just how unstable this crypto is. In a single month, the price of Hedera has managed to drop by a significant -8.114%. Such a drop percentage indicates that the coin is nose-diving.
By looking at how unstable the market is, it is clear that the future of Hedera is not guaranteed. There are several expectations that the coin price will stabilize and increase in the future, but this is not a guarantee for short-term investors.
Considering different decentralized investors that have backed up the Hedera coin, there is hope that the coin price will grow to attract more investors in the future. It is important to note that the prices of cryptocurrencies are highly volatile, and it is almost impossible to predict their future prices. Therefore, there can be a significant switch in the trend based on market changes.
HBAR Price Prediction: Market Opinions
According to Wallet Investor’s HBAR price prediction 2030, it is very unlikely that its price will rise in the coming months. HBAR’s market has been bearish this year, seeing its price drop gradually. Based on its current value and trend, it is expected that the value of HBAR at the end of May will record a change of -73.984% ending up with an average value of $0.0367.
There won’t be any significant changes in June as the anticipated average stands at $0.0860, with its lowest price being $0.0420 and its highest at $0.129. Wallet Investor expects the drop to continue throughout the year, with the anticipated average price in December being at $0.0184, with an expected low of $0.00918, and a high of $0.0275.
The recent developments of HBAR, as predicted by Trading Beasts, indicate that the current downward trend will not end anytime soon, even though there are possibilities that there will be a slight gain in the coming months. From its value at the end of April, the price of Hedera has been predicted to rise to $0.2058509 by the end of May.
Its max price will be $0.2573136, and its minimum price will be $0.2058509. By the end of June, the average price will have dropped slightly to $0.2056814, with drops being experienced in both its maximum and minimum price. There will be a gradual drop in price for the rest of the year, with December recording an average of $0.1977859.
Gov.Capital is basing its HBAR price predictions on its trend over the past year. According to them, Hedera has been on a downward trend for the better part of the past year, and the reason for this was the unpopularity of similar market segments during that period.
Gov.Capital estimates that the worth of Hedera in the future will be $0. At the start of June, the average price of HBAR will be $0.134, with an expected decrease in price to $0.0947 at the beginning of July.
According to Price Prediction, HBAR is having a hard time competing against other crypto assets in the market. Unfortunately, this means that its price is less likely to increase shortly.
As it has been evaluated, the market is extremely bearish and is not profitable in the short term. However, according to this site, HBAR’s price prediction for 2030 is optimistic and is expected to hit the $1 mark by 2026 and almost the $10 mark by 2030.
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Both theories draw on the consolidated patterns of the month of May, 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 HBAR
Sometimes back, Hedera’s governing council announced the decision to expand and allow for broader market participation. To make this happen, Harmon and Baird left their positions as CEO and Chief Scientist of the company to take on their new roles as the CEOs of Swirlds Labs.
Swirlds Labs is a newly formed entity that aims to speed up the future, and it is built on the Hedera foundation. Both the development and management teams that were in Hedera have also made their transition to Swirlds Labs. In addition, the Governing Council has entered an agreement to outsource most of the services that were being performed previously by Hedera Hashgraph to be used on Swirlds to promote its existing agenda.
Here are some of the best exchanges where you can trade HBAR:
HBAR Price Prediction: Verdict
Considering the behavior of the Hedera coin currently and recently, we can conclude that Hedera Hashgraph is not a suitable investment in the short term. However, when it comes to investing in the long-term, it can be assumed that the price of Hedera will continue plummeting until it loses its value.
However, it cannot be assumed that there is no real hope for the future of the Hedera coin, and long-term investors should give the coin some time to see whether there will be some improvement, which might inform another Hedera price prediction in the future.
The crypto market has been highly unfavorable; the prices are volatile, and an expectation of growth is almost close to impossible. Investors should understand that there is an extremely high risk attached to trading, leading to massive losses. Therefore, extreme care should be taken, and advice should be sought from financial advisors.
Note: This post was originally published on 25 January 2022 and has been totally updated for the completeness and veracity of the content on 7 May 2022.