The crypto market has gained steam lately, and Hedera (HBAR) is riding the wave. Recent market activity shows strong bullish momentum, pushing HBAR to new yearly highs. 

At the same time, major developments in tokenization could boost its long-term potential. Analysts are eyeing critical resistance levels, while market sentiment remains optimistic.

Crypto ZX, a YouTube analyst, highlighted HBAR’s recent price action. The cryptocurrency reached $0.336—its highest level since late December, he said. HBAR’s performance against Bitcoin saw the token climb 6.2% as altcoins continue their upward trend. 

Trading volume has hit the $1 billion mark, marking a major jump from last week’s $500 million. The analyst points to growing investor confidence behind this surge.

With its market cap now at $12.6 billion, HBAR stands among this cycle’s strongest performers. Bitcoin’s dominance falling below 58% has created room for altcoins to shine. Crypto ZX noted that when BTC’s dominance declines, it often signals altcoin rallies. At press time, HBAR trades at $0.3794, up 22.21% in 24 hours and 37.42% over the week.

In addition to price changes, Hedera is advancing in practical adoption. Recently, Walltech and the World Gemological Institute collaborated to tokenize $3 billion worth of luxury assets. These include diamonds, jewels, watches, and jewelry. 

Crypto ZX described this move as “massive,” emphasizing that tokenization could transform traditional industries. He explained that bringing physical assets onto the blockchain enhances transparency and efficiency. He also noted that this aligns with Hedera’s broader mission of driving blockchain adoption beyond speculation.

Read also: Why is Kaspa (KAS) Price Pumping?

HBAR’s strong rally faces critical resistance at $0.337. Crypto ZX pointed out that breaking above this level could trigger a push toward $0.38. If momentum continues, HBAR might even test the $0.44 mark, signaling the start of a broader rally.

“If we close above this resistance, HBAR could push toward all-time highs,” he predicted. However, he cautioned that market conditions remain volatile, and traders should monitor key levels.

HBAR’s performance in early 2025 has been strong, with new highs already set. Crypto ZX believes this could be the beginning of an even larger breakout year for Hedera. He pointed out that projects with real-world use cases tend to sustain long-term growth.

“This is just the start,” he said, urging the community to stay engaged. He encouraged viewers to share their price predictions and thoughts on Hedera’s future developments. As Bitcoin consolidates near $100,000, the altcoin market appears primed for further gains.

Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.

The post Hedera (HBAR) Price Hits Yearly High as Tokenization Efforts Gain Momentum appeared first on CaptainAltcoin.

197 +