Hedera (HBAR) Price Prediction

The price of HBAR today is $0.12, changing within the past 24 hours for -1.59% and -6.11% over the week. HBAR’s price action is characterized by the Bearish sentiment.

The current volatility index for HBAR is measured at 5.27%. HBAR’s circulating supply is 42.79B. In the big picture, the highest price HBAR has reached is $0.567 and its lowest observed price was $0.0099.

HBAR Sentiment

Which way the market swings today? Overall, technical indicators show that currently, the sentiment in the HBAR markets is Bearish. The Fear and Greed Index for HBAR today is in the 29 (Fear) zone.

What is HBAR and Hedera Hashgraph?

The Hedera network is an enterprise-grade layer-one public ledger. It is one of the few crypto networks that does not use blockchain. Instead, it relies on an asynchronous consensus algorithm and employs a hashgraph. The platform is also known as Hedera Hashgraph.

Hashgraph does not bundle transactions in blocks or has miners validate them. Instead, nodes check the state of the network and share it with signatures as gossip. In computer networks, a gossip protocol is a way of sharing information between peers to disseminate data to all participants. In other words, in the Hedera hashgraph, every node participates in consensus.

In beta, Hedera operates on a permissioned basis, meaning that only the members of the Hedera Governing Council can operate a full node. Nevertheless, the network is in the process of rolling out staking and already offers several ways to run a node or proxy stake.

Hedera finds multiple enterprise use cases across a wide variety of industries. Acoer uses it for healthcare data, datahash utilizes it for supply chains, and LG built the Art Lab NFT marketplace on it.

For even more information about this blockchain project, we highly recommend getting to know it better with our Beginner’s Guide to Hedera (HBAR) Crypto.

What Does HBAR Future Price Depend On?

Governing Council

Hedera currently operates as a public-permissioned network. The full nodes are run by large enterprises across the world such as IBM, LG, Boeing, Deutsche Telekom, and Dell Technologies. They also decide the implementation of improvement proposals, at least for now. In the present, decentralization is achieved by having members of the council from different industries and regions.

Adding members to the Governing Council certainly creates an impression of adoption and boosts the HBAR value. However, the members’ actions can also cause it to change by association.

For example, the rumor that Hedera board member Brian Brooks might be a candidate to succeed the U.S. SEC Chair Gary Gensler in the Donald J. Trump administration caused HBAR to jump 29% in a day. The information was not confirmed but the price action happened nonetheless.

HBAR Token Release Schedule

Hedera’s hbars are subject to gradual release from the treasury governed by the Council. They are allocated to fund ecosystem development in grants, as rewards to node operators, and in purchase agreements, among other things. The HBAR token unlock schedule is irregular but is reported quarterly on the official website.

There is about 25% in the unreleased supply according to the HBAR release schedule. With the current price of HBAR, the fully diluted value of the asset would be $13.39 billion. However, supply dilution caused by token unlocks usually introduces inflationary pressure and causes the price to decline long-term.

HBAR Coin News

In the recent news, Hedera and Chainlink announced a strategic partnership with Chainlink Data Feeds and Proof of Reserves now integrated and available to devs on Hedera.

Another story is the continuing rally of HBAR, this time, on the coattails of technical indicators. A golden cross chart pattern caused HBAR’s graph to fly 40% on December, 12. The HBAR RSI (relative strength index) is still neutral across most time frames, highlighting some uncertainty about further price movement.