Rising Star Hedera (HBAR) And Its 11% Climb – A Closer Look

2023-8-10 19:05

Hedera (HBAR), currently ranked as the 31st cryptocurrency asset in terms of market capitalization, has recently witnessed a remarkable surge in its price, captivating the attention of investors and enthusiasts alike. 

A surge in an asset’s social engagement often serves as a precursor to a rally in its price. In the case of HBAR, this correlation seems to be playing out vividly.

As the cryptocurrency landscape continues to evolve, HBAR’s notable growth over the past few weeks has raised eyebrows and prompted discussions about its potential.

Surge In Social Activity Sparks Price Rally Speculation

In the ever-dynamic world of cryptocurrencies, there exists a symbiotic relationship between social activity and price movements. 

With its current price listed at $0.058907 according to CoinGecko, the cryptocurrency experienced a slight 5.5% decline over a 24-hour period.

However, what has truly caught the attention of market observers is its impressive seven-day surge of 11.8%. These figures, though significant, only hint at the larger story unfolding around HBAR.

Keep a close eye on @hedera‘s social engagement. Here’s what we are noticing…#Hedera‘s social activity has been soaring with 30.68M engagements (+243.9%) over the past week.

The social engagement metric measures community participation in social posts, measured by likes,… pic.twitter.com/FJFNFOkgz8

— LunarCrush (@LunarCrush) August 8, 2023

Lunar Crush, a platform that monitors social media activity surrounding cryptocurrencies, reported a staggering increase of over 200% in Hedera’s social engagement metric within the last week. This surge in online discussions, mentions, and interactions reflects a heightened level of interest and curiosity surrounding HBAR. 

As the cryptocurrency community buzzes with conversations about HBAR’s potential, it becomes evident that this surge in social engagement has played a pivotal role in driving its recent price rally.

Hedera: Technical Indicators Paint A Complex Picture

Peering into the technical aspects of HBAR’s recent price surge, key momentum indicators reveal interesting insights.

According to a recent price analysis, these indicators have maintained a position above their neutral center lines since the start of August, underscoring the ongoing bullish sentiment. 

However, caution flags are raised by the Relative Strength Index (RSI), which presently hovers above the 70-mark. This could suggest that HBAR is venturing into overbought territory, possibly indicating a need for a corrective pullback.

Similarly, the Money Flow Index (MFI) stands at 72.63, drawing closer to the overbought region. These indicators collectively invite a nuanced interpretation of HBAR’s current price trajectory.

In a market that thrives on speculation and anticipation, HBAR’s recent price surge and the corresponding surge in social activity have ignited intriguing conversations. As HBAR continues to make its presence felt among cryptocurrency enthusiasts and investors, its journey forward remains one to watch closely. 

(This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).

Featured image from NPR

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Hedera Hashgraph (HBAR) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.0591939
Капитализация $0 Rank 99999
Цена в час новости $ 0.0580285 (-100%)

hbar hedera remarkable witnessed capitalization captivating enthusiasts

hbar hedera → Результатов: 126


Цена токена Hedera поднялась на 96% из-за путаницы

За последние сутки цена токена Hedera (HBAR) выросла на 60,2%, а в моменте поднималась на 96%. Причиной для ралли стали неверно истолкованные заявления HBAR Foundation. Некоммерческая организация, стоящая за разработкой блокчейна Hedera, ввела инвесторов в заблуждение и запампила HBAR.

2024-4-24 13:44


Hedera’s (HBAR) Bullish Trajectory: Experts Highlight These Key Price Levels But There’s a Catch

The cryptocurrency Hbar, the native token of the Hedera Hashgraph network, is exhibiting signs of bullish momentum according to technical analysis from crypto analysts. Analyst Egrag pointed out on X that his prediction of a pullback for Hbar on March 14th was accurate, demonstrating his ability to identify patterns and potential price movements.

2024-3-19 21:30


Консорциум Centre запустил стейблкоин USDC на блокчейне Hedera Hashgraph

Стоящий за USD Coin (USDC) консорциум Centre запустил стейблкоин на блокчейне Hedera Hashgraph. Об этом сообщила занимающаяся развитием сети некоммерческая организация HBAR Foundation. “With the $USDC launch on the @hedera network, the HBAR Foundation is taking an important step toward fulfilling its mission to ease the development and launch of #DeFi applications on the network.

2021-10-18 17:06


Hex Trust to provide custody for native crypto-asset and protocols of Hedera

Hex Trust, an Asia-based crypto-asset custodian, today announced its partnership with Hedera Hashgraph, the enterprise-grade public ledger. Specifically, Hex Trust has integrated the Hedera network and the Hedera Token Service (HTS) standard into Hex Safe, its bank-grade custody platform, enabling support for HBAR, the Hedera network’s native cryptocurrency, and all HTS issuances on the protocol.

2021-10-12 06:56


Фото:

Проект Hedera Hashgraph выделит $3,85 млрд на развитие экосистемы

Управляющий совет Hedera Hashgraph утвердил план по выделению 10,7 млрд токенов HBAR (~$3,85 млрд) на стимулирование проектов по развитию экосистемы сети. Согласно пресс-релизу, средства представляют собой более 20% от общего предложения монеты.

2021-9-20 13:39


Hedera Hashgraph’s HBAR Nearly Triples in Value Following the Real World Usage of Blockchain

The National Health Services (NHS) facilities in England use blockchain technology to keep tabs on the supply and storage of temperature-sensitive COVID-19 vaccines. The system will “allow us to demonstrate our commitment to providing safe patient care,” said Steve Clarke, electro-biomedical engineering manager at South Warwickshire NHS, in a statement.

2021-1-21 16:59


AML/CFT compliance solutions now available for HBAR and any assets issued on Hedera

Hedera Hashgraph, the enterprise-grade distributed ledger, and TRM, the cryptocurrency compliance and risk management platform, today announced that TRM has successfully integrated with the Hedera public ledger, and customers can leverage the integration to comply with Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) regulatory requirements HBAR, Hedera’s native cryptocurrency, is now supported across all TRM […] CryptoNinjas » AML/CFT compliance solutions now available for HBAR and any assets issued on Hedera

2020-12-24 20:31