Hedera price up 41% in 2 weeks: more than just a mere market recovery

Hedera price up 41% in 2 weeks: more than just a mere market recovery
фото показано с : invezz.com

2023-1-19 13:07

The native token of Hedera Hashgraph, one of the strong contenders in the decentralized finance (DeFi) space, has come out as one of the largest gainers amidst the current crypto market recovery. Hedera price has risen by 21.2% in seven days and 41.8% in two weeks according to data from Coingecko.

While this may be easily associated with the current crypto market recovery, the sharp price surge is by far more than just a normal price recovery. Invezz has dived deep into the forces behind the Hedera (HBAR) price surge and here are the findings.

Why Hedera price is rising

Being one of the main contenders within the DeFi industry, Hedera boasts of some of the best metrics in the industry. According to a recent analysis by NCOfficial, the Hedera ecosystem boasts more than 5,500 transactions per second (TPS), way more than what Ethereum can currently handle even after migrating from Proof-of-work (PoW) to Proof-of-stake (PoS) consensus mechanism.

The high Hedera TPS has attracted a lot of investors, especially within the DeFi space to Hedera thus increasing HBAR utility and thus contributing to the Hedera price rise.

Another driving factor is the expanding realm of NFT within the Hedera Hashgraph ecosystem. A major breakthrough in this field was a partnership between Hedera Hashgraph and LG last year for an Art Lab, as LG ventured into the metaverse.

On January 10 this year, the LG Art Lab was honoured as a recipient of the Innovation Awards at the 2023 Consumer Electronics Show (CES) marking a major breakthrough and driving the usage of the Hedera ecosystem in the long term.

The post Hedera price up 41% in 2 weeks: more than just a mere market recovery appeared first on Invezz.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Recovery Right Tokens (RRT) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 RRT

market recovery hedera one finance defi space

Источник: invezz.com

market recovery → Результатов: 126


Фото:

Crypto Market Sees 3% Pullback After A Short-Term Recovery

As Tuesday rolled around, many traders thought that the worst was yet to come for the market, with critics expecting Bitcoin to chip away at the $5,800 support as the week continued. For those who are unaware, the $5,800 level has been continually cited as a strong line of support, with analysts highlighting previous bounces […] The post Crypto Market Sees 3% Pullback After A Short-Term Recovery appeared first on Ethereum World News.

2018-8-19 22:50


Фото:

Top 10 Cryptocurrencies See Green After a Tumultuous Week

Bitcoin (BTC)–After one of the hardest hitting weeks to the crypto markets in an otherwise bearish year, the top ten currencies by market capitalization appear to be in recovery. On Monday, the total market capilization of cryptocurrency dipped below $200 billion for the first time since last year, signaling a relative low from January 2018’s […] The post Top 10 Cryptocurrencies See Green After a Tumultuous Week appeared first on Ethereum World News.

2018-8-18 18:28


Фото:

Five Benefits to a Bear Market

We’ve been in a slump for a while now, and by the looks of it will remain in one for a good while longer. How long, how low, and how slow the recovery is anyone’s guess. If you’re reading these words, you’re still here, and thus it’s safe to assume you’re in this for the […] The post Five Benefits to a Bear Market appeared first on Bitcoin News.

2018-8-16 05:05


Фото:

Market Update – BTC And ETH Crashing, XRP Finding Balance

Last weeks optimism has well and truly vanished. We start August on a very negative note. The markets are down, values are falling and overall, everything is a little bit disappointing. After almost two weeks of positive movements, we finally saw, for the first time in a number of months, various cryptocurrencies moving back up towards their April highs, back on the road to recovery.

2018-8-1 12:30


Фото:

Bitcoin Price Analysis: How Many Days Can We Trade Sideways?

Decisions by the U.S. Securities and Exchange Commission (SEC) appear to have put a temporary damper on the current Bitcoin rally. Does the quick recovery to $8,250 mean the bull reversal is still intact? Market Overview BTC dipped to $7,900 on the recent denial of the Winklevoss brothers Bitcoin ETF application, and the postponement of Direxion BTC ETF decision by the SEC, but it’s clear that current events were not the sole factor for this Read More The post Bitcoin Price Analysis: How Many Days Can We Trade Sideways? appeared first on Bitcoinist.com.

2018-7-29 14:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

HBAR price prediction as Hedera Hashgraph coin jumps

Hedera Hashgraph (HBAR) price jumped on Sunday as Bitcoin and other major cryptocurrencies continued consolidating. It rose to a high of $0. 064, the highest point since April 20th. In all, the coin has risen by over 8.