Cryptocurrency Price Prediction

Hedera Price Prediction: Will HBAR Price Rise To $1 This 2022?

Written by: Elena R

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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Apr 20, 2022

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The crypto space has gained huge popularity for its potential to handle transactions in a decentralized and distributed ledger. The first cryptocurrency Bitcoin was launched in the year 2009. Though Bitcoin operates with transparency, it takes an hour’s time to complete one transaction. The blockchain also has certain limitations when it comes to data accessibility.

Hedera was launched in order to resolve these issues. Hedera’s objective is to offer the features of blockchain as a distributed ledger technology without limitations. Wondering if the increased bullish sentiments, will propel the coin to surpass the $1 milestone in 2022? Look no further, as we decode the feasible price prediction of HBAR for 2022 and beyond. 

Overview

CryptocurrencyHedera
TokenHBAR
Price$
Market cap$ 0.0000
Circulating Supply0.0000
Trading Volume $ 0.0000
All time high$ 0.0000 Jan 1, 1970
All time low$ 0.0000 Jan 1, 1970

Hedera (HBAR) Price Prediction For 2022 

Potential LowAverage PricePotential High
$0.488$0.6972$0.8863

Hedera’s HBAR had initiated the year 2022, with its price at $0.2910. While a short-term leg-up pushed the price to $0.3414, by the 5th of January. An immediate fall took the price to $0.2552, continuity in the downtrend escorted the price to $0.1869, by 24th January. HBAR’s price was seen posting an uptrend that brushed the $0.266 mark, by the 7th of February.

However, turmoil in the business pushed the price back to $0.2243. While a spike in volumes did push the price back to $0.2633, by the 16th of February. Losing out on steam led to a downswing to its support levels at $0.2016. An uptrend starting from the mid of March helped the price close the quarter at $0.2650

Hedera’s (HBAR) Price Prediction For Q2

HBAR’s price has fallen prey to the bears since the start of the quarter and is presently changing hands at $0.1983. Gathering volumes from the levels, the digital asset could surge to its potential high of $0.3268. While regular trade pressures could settle the price at $0.2633. On the contrary, prolonged bearish trends could land the price at $0.2113

HBAR Forecast For Q3

The third quarter of the year could turn imperative for the digital coin. If the scheduled updates of the previous quarter, such as smart contracts, decentralization, and scalability, amongst others, yield the desired results. This could push the price to its maximum of $0.6130

In contrast, the protocol not adhering to its expectations could result in negative criticism. That could bring the price down to $0.3397. Collectively, an equilibrium in buying and selling pressures could land the price at $0.4604

HBAR Prediction For Q4

With developmental initiatives such as scheduled transaction merging, smart contracts traceability, additional NFTs and entity, being in the pipeline for H2. Fruitful repercussions could drive the price to its potential high of $0.8863

Conversely, a market dump and massive liquidations could drag the price down to $0.488. Factoring in the bullish and bearish targets, the average price could settle at $0.6972.

Hedera’s Price Forecast For 2023

 If any regulations or changes in governments across the globe occurs, Hedera’s (HBAR) price may undergo a tough time. That could result in a potential low of $0.9487. If the protocol emerges as a top player in terms of deploying dApps and other improvements. Then the asset would clinch a maximum of $1.67 by the end of 2023.

Price Prediction For The Next 5 Years 

Over the next five years, the fundamental traits such as faster speeds, carbon negativity, and predictable gas fees. Could impart impetus to the price projection of HBAR. Which could surge to a maximum of $5.023, by the end of the next five years. In contrast, emerging rivals and ebbing prominence could bring the price down to $2.691.

YearPotential LowPotential High
2023$0.9487$1.67
Next 5 Years$2.691$5.023

What Does The Market Say?

Let’s now see how different platforms have predicted the price trends of HBAR.

Digital Coin Price:

According to Digital Coin Price,  HBAR’s price could trade at a maximum of $0.28 by the end of 2022. Carrying forward, the price may trade around $0.32 by the end of 2023. That said, by the end of 2025, the price may hit highs at $0.43.

Wallet Investor:

As per Wallet Investor, by the end of 2022, HBAR could trade at a maximum price of $0.0546. While the average price could settle at $0.0364, On the contrary, the price may plummet to $0.0169 by 2022. The analysts from the firm expect the price to surge to a maximum of $0.0506 by the end of 2023. And $0.0246 by the end of 2025. 

Price Prediction: 

According to Price Prediction, by the end of 2022, HBAR price could trade around with an average price of $0.30. And with an accelerated rally, the price may also shoot up to $0.32 by 2022. The forecast expects the altcoin to close the trade for 2023 and 2025 at its potential highs around $0.49 and $1.04. 

Click here to read our price prediction of IoTeX (IOTX)!

What is Hedera (HBAR)?

Hedera is the only public distributed ledger technology. That makes use of the fast, fair, and secure hashgraph consensus mechanism to run Decentralised applications(dApps). The network was developed in mid-2010 and co-founded by Leemon Bird. However, the initial release of the native token HBARhappened seven years later, in July 2017.

The platform has two founders: Dr Leemon Baird and Mance Harmon. Dr Leemo Baird has previously worked as the investor of the network’s distributed consensus algorithm and presently works as Hedera’s chief scientist.  Before founding Hedera, Baird worked in various computer science and security roles. And accumulated more than a year of experience at the Academy Center by Cyberspace Research. 

Another co-founder, Mance Harmon is presently the CEO of the Hedera network. Harmon gained over 2 years of experience holding executive roles at reputed tech firms. Including these founding members, team Hedera also comprises a large number of dedicated individuals.

Fundamental Analysis

 Hedera Hashgraph was launched with the aim to build a trustworthy, safe, and empowered digital future for all individuals. The network is governed by over 39 term-limited and highly diversified global organizations and institutions. Including Boeing, Chainlink Labs, IBM, Swirlds, Tata Communications, UCL, and more.

The initial coin offering (ICO) was done in August 2018. And then a year later in September 2019, the firm launched open access to its mainnet. Hedera is known for its higher transaction speeds, and statistics say that around 10,000 transactions are possible per second. And that is why it is often referred to as a superior blockchain as all payments are rapid, fair, and secure.

The native token HBAR mainly serves two purposes within the Hedera public network. Firstly, HBAR acts as the fuel that actuates Hedera services including regular transactions, smart contracts, and file storage. Secondly, the token is also used to enhance the network’s security.

Its Proof-of-stake (PoS) public network, is backed by a Hashgraph consensus mechanism. Attains the highest level of security possible, with electrifying fast and secure transactions and low bandwidth consumption.

Our Price Prediction

HBAR is one of the fundamentally strong altcoin projects that thrives to deploy more advanced dApps in the future. If it succeeds in achieving the same, then HBAR price would continue to prosper in the future.

According to Coinpedia’s formulated Hedera (HBAR) price prediction. The altcoin price is expected to move up and reach a new ATH in the coming years. We expect HBAR price to reach a maximum price figure of $0.88, by the end of 2022. By the end of five years, the highest value could hit around $5, while the lowest price could settle at $2.7

Historical Market Sentiments

2019

The year started with a negligible price figure and remained the same for a few months. However, by September, the closing price was seen moving between $0.03 and $0.05. The price trends were highly wavering and by the end of 2019, the price dropped and was at $0.01.

2020

The year commenced with a price of $0.01 and remained the same for the first month. However, by February, the price surged and was sailing high, swinging between $0.02 and $0.07. By mid of 2020, the price was steadily moving at $0.04. But by the end of 2020, the price dropped to $0.03.

2021

The HBAR price started the year at $0.03 and stayed the same negligible for the first few days. Hedera’s price rallied to $0.1 from $0.03 by February’s first week. This was a result of the network’s continuous efforts during early January.

The team had announced the Hedera21 Hackathon, and AVC Global selected HBAR as the DLT platform. And the network launched cold chain monitoring of the Covid-19 vaccine for NHS facilities in January. When the Hedera network announced that Google will be joining its governing council in the month of February. HBAR saw a massive bull rally hitting an All-time high of $0.5059 rising by 300%.

Bears began to predominate the space as it reached its zenith with a gigantic rally. However, HBAR price found support near $0.3211 before climbing up to $0.4374. Owing to the speculations of a crypto ban and tapering of interest by the US Fed plummeted the price to the bottom of $0.224 by the year’s end.

Click here to read our price prediction of Quant (QNT)!

FAQ

Q. Is HBAR investment a profitable one?

A: Yes, according to trusted predictions the HBAR price is expected to rise in the coming years. The long-term earning potential is around 267%.

Q. Will HBAR price hit $1 by the end of 2021?

A: HBAR is expected to reach $0.8863 by the end of 2022. But if the trends favour the coin, the $1 milestone may also be achieved.

Q. How high can HBAR price rise by the end of the next five years?

A: The digital asset could possibly surge as high as $5.023, by the end of the next five years.

Q: Where can I trade HBAR?

A: HBAR is available for trade across leading cryptocurrency exchange platforms such as Binance, Coinbase, Zebpay, etc…

Q: How many transactions can Hedera process in one second?

A: The network can process over 10,000 transactions in one second.

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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