The Hedera blockchain network is a decentralized, open-source public ledger that is revolutionizing the blockchain industry. It utilizes the hashgraph consensus algorithm to solve key issues facing blockchain users, such as speedy transactions and low fees. Hedera is capable of processing up to 10,000 Transactions Per Second (TPS) and has seen adoption rise, with more than 3.6 million mainnet accounts created since inception.The HBAR token has been gaining a lot of support from cryptocurrency community members, particularly altcoin proponents. Conversations surrounding the HBAR asset have skyrocketed over the week, and social volume for HBAR has seen a decent upsurge. This further strengthens the bullish sentiment for the asset, as it indicates that adoption is rising.On the technical chart, HBAR seems to have remained stuck in the red zone, as bears remain in control. The altcoin has lost more than 3% of its daily gains, resulting in a mild drop from its recent high of $0.05848. Market cap and trading volume has both dropped by 3.50% and 23.16% respectively. HBAR now trades at a press time price of $0.05595. Prices could either continue to decline if selling pressure heightens. Investors can buy Hedera (HBAR) quickly and securely with PayPal, credit card or bank transfer at eToro. Additionally, they can invest in Hedera and 70+ cryptocurrencies and 3,000 other assets with 0% commission on stocks at a regulated financial authority.
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Information |
Details |
Geography |
Global |
Countries |
|
Sentiment |
neutral |
Relevance Score |
8 |
People |
Ethereum, The Hedera blockchain network, The HBAR token, Bitcoin, None |
Companies |
eToro, FAC, FINRA, None, Hedera |
Currencies |
Ethereum, Harmony, Bitcoin, Hedera Hashgraph, US Dollar |
Securities |
None |