According to our Hedera Hashgraph price prediction, HBAR is expected to reach a price of $0.064110 on October 24, 2024. This would indicate a price increase of 21.55% for HBAR in the next 5 days.

This week started with continued volatility.

Sellers tried to drag HBAR below $0.050, but buyers fought back, pushing the price up by 3.84% to $0.052, just above the 50-day SMA. On Tuesday, the bullish momentum increased as HBAR surged 6.43% past the 20-day SMA to end at $0.056.

Buyers tried to push the price to $0.060, but the momentum stalled at a high of $0.058. The current session saw HBAR down by 3%, with sellers aiming to push it back below the key support level.

The Layer 1 war is still going on—who will be the next $ETH killer? Any of these could be the best.

Hedera Hashgraph ($HBAR ) is a decentralized public network known for its speed, efficiency, and security. Unlike traditional blockchains, it uses a technology called Directed Acyclic Graph (DAG), which allows for faster transactions and lower fees. HBAR serves two main purposes: supporting decentralized applications (dApps) on the network and securing it through staking. The Hedera network is also governed by a board of major global organizations, including Google, IBM, and Boeing.

The platform uses a unique consensus algorithm called hashgraph, which allows it to process transactions at speeds of over 10,000 per second, with an average transaction fee of just $0.0001 USD and settlement in less than five seconds $HBAR

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Key Features:

  1. *Hashgraph Consensus Algorithm*: enables fast and secure transaction processing

  2. *Smart Contracts*: supports Solidity smart contracts for decentralized applications

  3. *Token Service*: enables easy token creation and management

  4. *Consensus Service*: provides a secure and verifiable record of events

HBAR is the native cryptocurrency of the Hedera Hashgraph platform and is used to pay for network services, transaction fees, and to incentivize network nodes ¹. The total supply of HBAR is capped at 50 billion, with approximately 37.65 billion currently in circulation.

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