Altcoins

Is Hedera’s HBAR The Best Altcoin To Bag In December, Ahead Of The Alt-Season?

Written by: Mustafa Mulla

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Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

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Dec 16, 2021

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Highlights

    The Hedera makers will be initiating marketing of its platform to stand at par against contenders.

    HBAR foundation and MetaVRse announce a partnership to build Metaverse solutions on the Hedera network.

The folks from the crypto street have been more than welcoming for newer projects and altcoins ingressing the industry. The space has been witnessing a spur in newer projects excelling at myriad fronts. Wherefore, shoppers from the crypto town have set their radars to probe capable digital investments.

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Meanwhile, a proponent from the business believes December to be the best period to buy altcoins. This is historically justifiable, as the twelfth month of the year has given potential entry zones for purchases. The Hedera has been making abuzz with its foray into the metaverse, and makers announcing marketing of the platform. 

A Surprise For HBAR Holders?

The Executive Director and CEO of the HBAR foundation. An interview cites that the team will be hiring a marketing team and initiating a full strategy for marketing. Which is soon to be submitted to the council for approval. The team will be focussing on all the channels the consumers are used to. With the primary aim of increasing awareness as well as increasing the number of developers.

With the establishment of the foundation, the voice for marketing is growing louder. These sections are assuming to be in the interest of regulatory compliance. The protocol has come a long way with little marketing, which in most cases has been B2B marketing. The CEO of the foundation further cites an announcement coming with a big name next week.

The Foray Into Metaverse!

The HBAR foundation and MetaVRse, which is web-based low-code 3D creation platform. The duo has made announcements of an alliance to build metaverse solutions on the Hedera network. MetaVRse aims to be the leading game engine on the web. With the strategy to create value and build a global community of creators, designers, and developers. 

The HBAR foundation fuels the growth whilst assisting with grants and organizational support. In building the infrastructure of metaverse on the Hedera network. The HBAR foundation has set aside an initial budget of 5.35 million HBAR tokens ($2.5 billion). To empower applications from DeFi, NFTs, CBDCs, gaming, amongst others. 

In addition. TOKO and Hex trust has successfully completed one of Asia’s first tokenization of private debt. On the Hedera enterprise-grade public ledger, the debt was issued by Calcite limited.

Hedera (HBAR) Price  

HBAR Price at press time is trading at $0.2738, while scripting gains of 12.7%. The market cap of the digital asset is currently hovering at about $5,004,065,610. Whilst the volume of trades for 24-hours is at $100,893,467. HBAR price is trading in the price bandwidth from $0.2290 to $0.2739 since the previous day. The digital asset is up about 690.8% since the previous year.

Collectively, the Hedera network has been rising at an appreciable rate. With the network’s foray into the emerging metaverse sector. We can expect a moonish rise in the network’s metric in the near future. The network has seen growing impetus following its second anniversary of open access in the recent past. Hopefully, HBAR turns out to be a potential contender for a bullish move this alt season.

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Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

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