The platform’s 2nd anniversary is on the cards and the HBAR price is showcasing extreme bullish momentum
Enthusiasts anticipate vital announcements on account of anniversary celebrations that could propel the asset’s value to the next levels
Hedera Hashgraph (HBAR) is a decentralized public network upon which developers can build applications with real-time consensus. The platform is built on the Proof-of-Stake model, it allows individuals and businesses to create powerful DApps. HBAR relates itself as the trust layer of the internet.
HBAR price is $0.4903, its 24-hours trading volumes stood at $913,121,236. The coin hit it all-time high of $0.5676 on the 15th of September. The return on investment of HBAR is about 304.73%, the mentioned statistics are from press time. The ALT coin has surged significantly over the past week, with the price surging from $0.30 to $0.49 at press time.
After smashing the highest levels, the HBAR price dropped a little, yet the technicals suggest the anniversary announcement could blow up the price. The most talked-about offering from the platform is Calaxy, which is the world’s first social media application designed by creators for creators. Calaxy is powered by Hedera Hashgraph. This has gained considerable interest amongst netizens on the web.
What Announcements To Expect From The Makers?
With the anniversary of the network’s open access scheduled today that is on the 16th of September, a lot of anticipation is prevailing in the industry, some of which we have listed below
- The announcement of rebranding to “Hedera” from Hedera Hashgraph, might be the centre of attraction.
- A new logo launch along with rebranding.
- Start of staking.
- Further updates regarding the Calaxy.
Summing up, the coin is hovering around its resistance levels, with expected announcements on the scheduled event we can expect the price of the coin to surpass its resistances. For the short term, we can expect the price to hit the range of $0.60 to $0.65. Collectively we can be optimistic for the coin to hit the $1 mark in the long term.