After years, Hedera has finally made it onto the list of top performers, making waves in the cryptocurrency industry. With a reversal in bullish trends and developments in Saudi Arabia, the HBAR price has once again reached the $0.10 mark.
Thanks to its commitment to being carbon-negative, the efficiency of Hedera’s hashgraph consensus has made it the most sustainable public network, consuming an average energy of just 0.000003 kWh per transaction.
Curious if the growing bullish sentiment will soon push this token past the $1 mark? Look no further, as we break down the reasonable price predictions for HBAR in 2024 and beyond.
HBAR Price Prediction for 2024
If there are any global regulations or governmental changes, the price of Hedera (HBAR) could face a challenging period, potentially dropping to a low of $0.06.
However, if the protocol emerges as a leader in deploying dApps and other advancements, the asset could reach a peak price of $0.145 by the end of 2024. Under normal circumstances, the regular price might stabilize around $0.102, constrained by linear momentum.
HBAR Price Prediction for 2025
By 2025, key features like faster speeds, carbon negativity, and predictable gas fees could significantly influence HBAR’s price prediction. By the end of the next five years, the price could surge to a maximum of $0.210.
On the other hand, the emergence of competitors and potential declines in visibility might bring the price down to $0.09. Considering both bullish and bearish targets, the normal price is expected to stabilize around $0.150.
Hedera Price Prediction for 2026
Looking ahead to 2026, price forecasts and technical analysis predict that Hedera’s price could reach a minimum of $0.12.
On the higher end, the price might rise to $0.355, with the average trading price hovering around $0.237.
The History of Hedera
Hedera is the only public distributed ledger technology that operates using the fast, fair, and secure hashgraph consensus mechanism to run dApps. The network was developed in the mid-2010s and co-founded by Leemon Baird. However, the native token HBAR was first launched in July 2017, seven years after its development began.
The platform has two founders: Dr. Leemon Baird and Mance Harmon. Dr. Baird, who invented the network’s distributed consensus algorithm, currently serves as Hedera’s Chief Scientist.
Before founding Hedera, Baird held various positions in computer science and security and accumulated over a year of experience at the Center for Cyberspace Research.
The other co-founder, Mance Harmon, is currently the CEO of the Hedera network. Harmon has over two decades of experience, having held executive positions at prominent tech companies.
Along with the founders, the Hedera team includes a large number of dedicated individuals.
Fundamental Analysis
Hedera Hashgraph was launched with the goal of building a trusted, secure, and empowering digital future for everyone. The network is governed by more than 39 highly diversified global organizations and institutions with limited terms, including Boeing, Chainlink Labs, IBM Ix, Swirlds, Tata Communications, UEFA, and more.
The Initial Coin Offering (ICO) was completed in August 2018, and a year later, in September 2019, the company launched open access to the mainnet. Hedera is known for its higher transaction speeds, with statistics showing it can handle around 10,000 transactions per second. This is why it is often referred to as a superior blockchain, as all payments are fast, fair, and secure.
The native token HBAR serves two primary functions in the Hedera public network. Firstly, HBAR acts as fuel, powering routine transactions, smart contracts, file storage, and other Hedera services. Secondly, the token is used to enhance network security.
Hedera’s Proof-of-Stake (PoS) public network is supported by the Hashgraph consensus mechanism, ensuring the highest levels of security, fast and secure transactions, and low bandwidth consumption.
-
-
-
-
-
-
-
-
