Hedera (HBAR) Emerges as One of the Top-Performing Altcoins in the Crypto Market 🚀

Hedera (HBAR), a decentralized public network, has established itself as one of the leading alternative coins in the cryptocurrency market.

Hedera (HBAR) surges 50% to hit a new 20-month high, driving bullish price predictions.

Hedera (HBAR), a decentralized public network known for its near real-time consensus and developer-friendly environment, has taken the cryptocurrency market by storm. With impressive growth and positioning itself as one of the leaders among the top 100 cryptocurrencies by market capitalization, HBAR has become a force to be reckoned with. 🌟

Trading Volume For HBAR Spikes 200% 💥

Over the past fourteen days, HBAR has recorded substantial gains, surging nearly 50%. This upward momentum extends to the thirty-day and year-to-date time frames, with gains of 36.8% and 15%, respectively. 📈

In the past seven and twenty-four hours alone, HBAR’s price has continued its bullish trajectory, skyrocketing by 33.5% and 17%, respectively. These remarkable price movements have propelled HBAR to reach a new 20-month high of $0.1060, surpassing its previous 19-month high of $0.1015. 🚀

📊 CoinGecko data shows that trading volume for HBAR has spiked by a staggering 204.90% in the last 24 hours, reaching $218,438,657. This surge in trading volume reflects the increased market activity surrounding HBAR.

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Despite HBAR’s impressive performance, reclaiming its all-time high (ATH) of $0.5759, achieved in September 2021, poses a formidable challenge. With an almost two-year downtrend structure, HBAR would require a staggering 443% uptrend to reach its previous milestone. 📉

In the near term, HBAR faces a crucial hurdle at the $0.110 level, which must be defended to prevent further gains. If this level is breached, HBAR could potentially test the $0.1148 and $0.1285 resistance walls. 😬

Should bullish momentum persist, attention will then shift to the resistance levels at $0.1506, $0.1690, and $0.1822. These represent the final obstacles before potentially reaching the elusive $0.2000 mark, a threshold not surpassed since April 2022. 🌈

On the downside, the $0.0855 level is expected to act as a strong support, preventing HBAR from establishing a lower low within the current market uptrend structure. 🛡️

Hedera Network Welcomes Mondelēz International 🤝

As the adoption of cryptocurrencies gains momentum among major companies worldwide, Mondelēz International (Nasdaq: MDLZ), a prominent multinational food company known for its global brands, including Oreo, Ritz, LU, Clif Bar, Cadbury Dairy Milk, Milka, and Toblerone, has joined the prestigious Hedera Council. 🍫

The Hedera Council, responsible for overseeing the Hedera public network, has recently announced this significant partnership. With its mission to empower people to “snack right,” Mondelēz International aims to leverage distributed ledger technology (DLT)-based solutions on the Hedera network. 🌐

The collaboration’s initial focus will revolve around digital transformation initiatives, supply chain management, and enhancing core business processes to deliver elevated customer experiences. By embracing digital transformation, Mondelēz International seeks to streamline processes, enhance transparency, and optimize supply chain management using the Hedera infrastructure. 🚀

Future Outlook and Investment Recommendations 💡

All signs indicate that the Hedera protocol and its native token, HBAR, are primed for substantial growth and development. Market capitalization, trading volume, and partnerships have all experienced significant growth, reflecting increasing investor interest. The positive environment surrounding Hedera sets the stage for future success. 📈

However, caution should be exercised as market corrections are not uncommon after significant gains. It remains to be seen whether HBAR can sustain investor attention and continue to achieve price growth. Despite this, HBAR is well-positioned to become one of the top-performing altcoins in the current bull run. 🤩

Q&A

Q: What sets Hedera (HBAR) apart from other cryptocurrencies?

A: Hedera (HBAR) is known for its near real-time consensus and developer-friendly environment. Its decentralized public network offers a unique combination of speed, security, and ease of use, making it a standout in the crypto space.

Q: How does HBAR’s trading volume reflect its market activity?

A: HBAR’s surging trading volume, which has increased by 204.90% in the last 24 hours, demonstrates the heightened interest and market activity surrounding the token. This increased trading volume indicates a growing demand for HBAR and suggests a positive sentiment among investors.

Q: What are the major hurdles HBAR faces in reaching its all-time high?

A: Reclaiming its all-time high (ATH) of $0.5759 presents a significant challenge for HBAR. With an almost two-year downtrend structure, HBAR would need to see an astonishing 443% uptrend to reach its previous milestone. Overcoming this hurdle will require strong bullish momentum and continued investor support.

Q: How does Mondelēz International’s partnership with Hedera benefit both parties?

A: The collaboration between Mondelēz International and Hedera enables the multinational food company to explore the benefits of distributed ledger technology (DLT) on the Hedera network. By leveraging Hedera’s infrastructure, Mondelēz International aims to enhance supply chain management, streamline processes, and deliver exceptional customer experiences.

Conclusion

Hedera (HBAR) has emerged as one of the top-performing altcoins in the cryptocurrency market, with impressive growth, partnerships, and market capitalization. While challenges lie ahead, the positive environment surrounding HBAR suggests future success. As investors continue to show interest in the protocol, HBAR remains well-positioned for further growth. So keep an eye on this rising star and watch as it continues to shine in the crypto universe! ✨

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🔗 Relevant Links:

• Hedera Website
• CoinGecko – HBAR Trading Volume
• Hedera Council Announces Partnership with Mondelēz International
• Hedera’s HBARUSD on TradingView
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