BlackRocks Tokenized Fund News Sends Hedera (HBAR) Soaring 100%, The Reason May Surprise You

In a surprising turn of events, the native token of the decentralized ledger platform Hedera, HBAR, experienced a significant price surge of over 100% during the early hours of Tuesday. Starting from a low of $0.0875, HBAR skyrocketed to reach the $0.1821 mark by Wednesday.  The sudden surge was triggered by the news of BlackRocks [...]

The post BlackRocks Tokenized Fund News Sends Hedera (HBAR) Soaring 100%, The Reason May Surprise You appeared first on Crypto Breaking News.

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HBAR Prices Crashes 35% As BlackRock Denies Any Ties To Hedera

HBAR, Hederas native token, saw a sharp correction following clarification that the worlds largest asset manager, BlackRock, was not directly involved in the tokenization of its ICS Treasury Fund on the Hedera network.  HBAR Token Crashes By Almost 35% Data from CoinGecko shows that the HBAR token has declined by almost 35% since its price rose by over 100% on the back of the announcement, which many misinterpreted to mean that BlackRock tokenized its fund on the Hedera network. On April 24, the Hedera Foundation shared that Blockchain trading firm Archax and Infrastructure firm Ownera had collaborated to tokenize BlackRocks ICS US Treasury money market fund (MMF) on Hedera. Related Reading: XRP Price Ready For 70% Breakout As Long-Term Consolidation Nears Its End Members of the crypto community, including influencers like CrediBULL Crypto and Mason Versluis, misconstrued this as meaning that BlackRock had tokenized its fund on Hedera. This assumption immediately created a bullish narrative for the ecosystem, leading to HBARs price rallying by over 100% and peaking at $0.176.   However, the crypto token has since been on a downtrend, with BlackRock denying any involvement with Hedera. Specifically, a BlackRock spokesperson told Cointelegraph that the worlds largest asset manager has no commercial relationship with Hedera nor has BlackRock selected Hedera to tokenize any BlackRock funds. Meanwhile, Archaxs co-founder had also clarified on his X (formerly Twitter) platform that BlackRock wasnt directly involved in the whole move. He claimed that tokenization of the fund can usually be done without the permission of the asset manager. However, he revealed that BlackRock knew they were tokenizing on the network. Why The News Is Still Bullish For The Hedera Ecosystem Despite BlackRock not being directly involved in this development, crypto analyst CrediBULL Crypto offered some perspective on why this news is still bullish for Hedera and its HBAR token. He revealed that BlackRock is the fourth largest shareholder of ABRDN, a firm that is a primary investor in Archax. Related Reading: Brace For Impact: Worldcoin Team Plans To Sell 1.5 Million WLD Tokens Every Week For 6 Months Therefore, the crypto analyst believes that BlackRock must have signed off on this move, something he considers a de-facto endorsement of the product. Meanwhile, he also alluded to an interview that revealed that BlackRock chose Hedera, although ABRDN introduced them to the network.  CrediBULL Crypto noted that even if BlackRock wasnt building on the network, it is clear that major enterprises are using Hedera. They are actively involved with building on the network and are constantly pushing to move it forward behind the scenes, he added. He suggested that this puts Hedera above 99% of networks that cant boast of such achievements.  HBAR price crashes 35% from highs | Source: HBARUSDT on Tradingview.com Featured image from Vecteezy, chart from Tradingview.com

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HBAR Breaks Above Massive Falling Wedge Expert Sets $0.38 Target

Hedera Hashgraph (HBAR) is showing strong signs of recovery, surging over 20% in the past week as bullish momentum sweeps across the broader crypto market. Despite continued macroeconomic uncertainty and global financial instability, Bitcoin’s recent price jumps have reignited optimism, lifting the entire market with it. HBAR is now trading near a critical resistance level, and traders are watching closely for confirmation of a sustained uptrend. Related Reading: XRP Network Activity Jumps 67% In 24 Hours Big Move Ahead? Top analyst Carl Runefelt shared insights on X, noting that HBAR has officially broken out of a massive falling wedge patternan important bullish technical signal. Falling wedge breakouts often precede sharp upside moves, especially when backed by strong volume and broader market support. As HBAR rides this momentum wave, investors are eyeing higher targets if key resistance levels are flipped into support. With renewed risk appetite across crypto and leading assets like Bitcoin paving the way, HBAR could be positioning itself for a significant continuation rally. However, market conditions remain volatile, and any pullback from broader sentiment shifts could test HBARs strength. For now, bulls appear to be in controland if the breakout holds, HBAR may soon target fresh local highs. HBAR Eyes Continuation Amid Renewed Crypto Momentum Hedera Hashgraph (HBAR) is trading at a crucial turning point as bulls continue to apply pressure following a sharp breakout from a long-standing downtrend. The asset remains over 50% down from its local highs earlier this year, but recent developments suggest that HBAR could be gearing up for a strong reversal, especially as broader market sentiment begins to improve. Global tensions and ongoing trade war fears between the US and China continue to rattle equities and traditional markets. However, crypto assets are beginning to diverge from this trend, with Bitcoin leading a notable move higher that has started to lift altcoins like HBAR. This decoupling could mark the beginning of a fresh rotation into digital assets as investors seek growth outside of conventional markets. Runefelt insights highlight that HBAR has broken out of a massive falling wedge pattern, typically a bullish reversal signal. This breakout confirms the potential for upward momentum, especially if HBAR can continue to push through current supply zones. The next key target sits around the $0.38 level, but for that to materialize, bulls must maintain pressure and sustain higher lows in the coming sessions. If momentum holds and macro fears ease even slightly, HBAR could be poised to surprise the market with a sharp rally. Related Reading: Ethereum Holds Above MVRV Band Low A Final Dip Before Recovery? Price Tests Key Resistance Amid Bullish Momentum HBAR is currently trading at $0.185 as it tests a critical resistance zone around the 200-day Exponential Moving Average (EMA). Bulls are now aiming to reclaim the $0.20 level, which also aligns closely with the 200-day Simple Moving Average (SMA). A clean breakout above this range would confirm the bullish momentum and potentially open the door for a rally toward higher levels, including the $0.25 mark. After surging more than 20% in the past week, HBARs price action is showing early signs of strength, but confirmation is needed. Holding above $0.185 and pushing through the $0.20 barrier would validate the recent breakout from a falling wedge pattern and suggest that bulls are in control. However, the rally remains fragile. If HBAR fails to hold above the $0.175 level, it could face a deeper retracement and return to previous support zones near $0.15. That would invalidate the current breakout structure and increase bearish pressure. Related Reading: Solana Short-Term Indicator Signals Potential Risk Reversal Or Pause? Traders are now watching closely as HBAR battles with long-term moving averageslevels that often serve as a dividing line between bear and bull phases. The next few sessions will likely determine whether HBAR confirms its uptrend or returns to consolidation. Featured image from Dall-E, chart from TradingView

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Hedera Price Prediction for Today, March 1 HBAR Technical Analysis

Hedera (HBAR) is gaining momentum, climbing to $0.23 as investors take notice of its growing adoption and strong market performance. With SWIFT integrating Hedera’s technology [...]

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Hedera Hashgraph Price Prediction for Today, February 12: HBAR/USD Stays Strong as Price Hits $0.090

The Hedera Hashgraph price prediction shows that HBAR is moving with an uptrend, and traders could expect an early arrival of a price rally. Hedera [...]

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Hedera Hashgraph Price Prediction for Today, January 18: HBAR/USD Could Stay Above $0.060 Level

The Hedera Hashgraph price prediction shows that HBAR is likely to cross above the upper boundary of the channel as the coin shoots to the [...]

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Hedera Price Prediction for Today, October 12: HBAR/USD Holds Strong at $0.065 as Price Breaks Higher

The Hedera price prediction is moving with an uptrend, and the traders could expect an early arrival of a price rally. Hedera Prediction Statistics Data: [...]

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HBAR Trades With 5.97% Gains; 10000X Returns Coming on TAMA

As the coin grows to the upside, the Hedera Hasgraph (HBAR) price prediction is likely to move consistently within the channel. Hedera Hasgraph Prediction Statistics [...]

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Hedera (HBAR) Soars 50% To Mark New 20-Month High, Fuels Bullish Price Targets

Hedera (HBAR), a decentralized public network known for its near real-time consensus and developer-friendly environment, has emerged as one of the top-performing altcoins in the cryptocurrency market.  As the overall market experiences a resurgence of bullish sentiment, HBAR has demonstrated impressive growth, positioning itself as one of the leaders among the top 100 cryptocurrencies by market capitalization. Trading Volume For HBAR Spikes 200% Over the past fourteen days, HBAR has recorded substantial gains, surging by 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 price movements have propelled HBAR beyond its previous 19-month high of $0.1015, reaching a new 20-month high of $0.1060.  Related Reading: Bitcoin On Steroids: Key Technical Factors Fueling The Rally To $70,000 The surge in trading volume, which currently stands at $218,438,657 in the last 24 hours, reflects the increased market activity surrounding HBAR, representing a 204.90% increase from one day ago, according to CoinGecko data.  Despite HBAR’s impressive performance, the road to its all-time high (ATH) of $0.5759, achieved in September 2021, presents a formidable challenge. Currently facing an almost two-year downtrend structure, HBAR would require a staggering 443% uptrend to reclaim 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. A breach of this level would open the door for testing the $0.1148 and $0.1285 resistance walls.  Should bullish momentum persist, attention will then shift to the resistance at $0.1506, followed by $0.1690 and $0.1822. These levels represent the final obstacles before potentially reaching the $0.2000 mark, a threshold not surpassed since April 2022.  On the downside, the $0.0855 level is expected to act as a support, preventing HBAR from establishing a lower low within the current market uptrend structure. Hedera Network Welcomes Mondelez International As the adoption of cryptocurrencies gains momentum among major companies worldwide, the Hedera Council, responsible for overseeing the Hedera public network, has recently announced a series of significant partnerships.  One notable addition to the Council is Mondelez International (Nasdaq: MDLZ), a prominent multinational food company renowned for its global brands, including Oreo, Ritz, LU, Clif Bar, Cadbury Dairy Milk, Milka, and Toblerone. On February 14, the Hedera Council revealed that Mondelez International had joined its ranks. This collaboration marks a significant milestone as Mondelez International, with its mission to empower people to snack right, sets its sights on leveraging distributed ledger technology (DLT)-based solutions on the Hedera network.  Per the announcement, the initial focus of the partnership will revolve around digital transformation initiatives, supply chain management, and enhancing core business processes to deliver elevated customer experiences. With an emphasis on digital transformation, Mondelez International seeks to streamline processes, enhance transparency, and optimize supply chain management using the Hedera infrastructure. Related Reading: Bitcoin Spot ETFs: Issuers Set New Record As Weekly Inflows Cross $2.2 Billion All around, the Hedera protocol and its native token HBAR have experienced substantial growth in market capitalization, trading volume, and partnerships, reflecting the increasing interest from investors in the protocol’s offerings. This positive environment sets the stage for future growth and development of the protocol. However, it remains to be seen whether HBAR can sustain investor attention and continue to achieve price gains, considering the possibility of market corrections following the significant gains recorded in the past 30 days. Nonetheless, HBAR appears well-positioned to emerge as one of the top-performing altcoins in the current bull run. Featured image from Shutterstock, chart from TradingView.com

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Hedera Price Prediction for Today, February 12 HBAR Technical Analysis

The Hedera price prediction shows that HBAR faces significant downward pressure as the coin moves near the channel’s lower boundary. Hedera Prediction Data: Hedera price [...]

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Hedera Price Prediction for Today, July 19: HBAR/USD Rises as Price Touches $0.055 Resistance

The Hedera price prediction reveals that HBAR could stay above the 9-day and 21-day moving averages for it to create more additional uptrends. Hedera Prediction [...]

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Hedera Price Prediction for Today, December 29 HBAR Technical Analysis

The Hedera price prediction shows that HBAR is likely to cross above the 9-day and 21-day moving averages once the buyers resume to the market. [...]

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Hedera Price Prediction for Today, December 2 HBAR Technical Analysis

The Hedera price prediction shows that HBAR demonstrates a bullish trend. It faces a critical resistance zone at $0.27, and a breakout depends on increased [...]

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Hedera Price Prediction for Today, December 18 HBAR Technical Analysis

Hedera  (HBAR) has shown impressive growth, climbing 130% in the past month to reach $0.30. Its enterprise-grade blockchain and partnerships with giants like Google and [...]

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Hedera Price Prediction for Today, November 19 HBAR Technical Analysis

Hedera (HBAR) has seen a recent price surge, partly fueled by growing support for board member Brian Brooks—who was nominated as a candidate for U.S. [...]

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Future Outlook For HBAR: Insights From Hedera Q3 Surge And Price Projections

Decentralized ledger platform Hedera has posted a solid set of third quarter (Q3) results, in line with broader market trends as the digital asset landscape enters a potentially transformative fourth quarter, providing insights into the future of its native token, HBAR. Hedera Achieves Record Revenue In Q3 Despite Price Corrections Delving into the data, Hedera’s circulating market capitalization fell 21% quarter-over-quarter (QoQ) to $2.2 billion in Q3. This decline followed notable performances earlier in the year, dropping HBAR’s market rank from 30th to 46th among all cryptocurrencies.  The circulating supply of HBAR also saw a slight increase of 5%, totaling 37.6 billion HBAR. The HBAR price dipped by 20%, decreasing from $0.08 to $0.06, reflecting market volatility and challenges the broader crypto sector faced during the period. Related Reading: Dogecoin Unleashes 157% Weekly Boom As Musk-Trump Buzz Builds Despite the price corrections, Hedera achieved substantial revenue milestones. Revenue generated from network transaction fees reached an all-time high of 27.0 million HBAR in Q3, marking an 85% increase from the previous quarter and surpassing the prior record set in Q4 2023.  The dollar-denominated revenue also rose by 10% QoQ to $1.6 million, making the third quarter of 2024 the second-highest quarter for revenue in USD, just shy of its all-time high. Hedera’s Consensus Service was a significant contributor, with revenue increasing by 94% QoQ, accounting for 89% of the networks total revenue. Total Value Locked In HBAR Rises 9% Staking activity also remained robust, with 22.3 billion HBAR staked, representing 59% of the circulating supply. This high staking percentage is attributed to entities like Hashgraph that actively participate in network consensus while forgoing staking rewards.  However, both daily average new accounts and active accounts saw declines of 22% and 23%, respectively, indicating a potential slowdown in user acquisition. On the operational front, daily average contracts increased by 24%, driven by spikes throughout September. In the decentralized finance (DeFi) space, while total value locked (TVL) in USD dropped 18% QoQ, the TVL in HBAR rose 9%, suggesting that the decline in USD value was primarily due to HBAR’s price depreciation rather than capital outflows. As the network prepares for Q4, Messari forecasts an increase in circulating supply by approximately 287 million HBAR, primarily aimed at fostering ecosystem development and supporting open-source projects. HBAR Price Outlook HBAR, currently trading at $0.069, has shown relatively flat price action as it enters the fourth quarter, especially when compared to major digital assets like Bitcoin (BTC) and Ethereum (ETH).  Over the past week, Bitcoin has gained 24%, while Ethereum has surged by 31%. In contrast, HBAR has seen a more modest increase of 17%. Despite this recent uptick, HBAR remains 90% below its all-time high of $0.5692 reached in September 2021. This stark contrast becomes more pronounced as Bitcoin achieves new all-time highs for four consecutive days and Ethereum approaches its peak. Related Reading: Ethereum Could Be Set To Explore New Highs As On-Chain Metrics Light Up Looking forward, HBAR faces three critical resistance levels that could hinder its upward momentum as the broader market appears ready to push higher.  Having recently broken out of a consolidation phase between $0.047 and $0.062, HBAR’s first major resistance is at $0.078, a level that has acted as a barrier for the past four months. Should the Hedera token overcome this initial hurdle, it will then encounter additional resistance at $0.092 and $0.118, corresponding to the six-month and eight-month resistance levels, respectively.  If HBAR can maintain its upward trajectory and break through these key resistance points, it may inch closer to its previous all-time highs, especially if the gains seen in key metrics in Q3 continue and translate into further price action. Featured image from DALL-E, chart from TradingView.com

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Hedera Analyst Thinks HBAR Will Easily 30X After Sinking 70% In 6 Months

Hedera, a proof-of-stake platform, wasn’t spared from aggressive bears in early October. After HBAR, its native token, floated higher in September, the rejection of bulls in early October resulted in a double top. Overall, there is optimism that bulls will resume and push prices to new Q4 2024 highs. The pace of this growth will depend on how the market performs and whether fundamental factors around the project will prop up buyers. Will HBAR Rise By At Least 30X? While there are cracks in the HBAR price action, considering the dump from April highs of around $0.18, one analyst on X thinks the token is set for major gains. From his assessment, Hedera can easily score 30X in the coming sessions, mirroring the gains posted by Cardano in the last cycle. Then, ADA soared by over 170X. If HBAR is to follow the same path, the token can easily soar to $6, over 60X from its 2024 highs. Related Reading: Bitcoins Non-Realized Profits Hit Negative LevelsWhat Does This Mean for Investors? Presently, technical candlestick arrangements favor sellers. After the rally to $0.18 in April 2024, HBAR has been falling. To put the numbers into perspective, the token is down 70% but is stable after finding support in August and September. The local resistance is the double top at around September highs. If prices break above this liquidation zone, HBAR bulls could embark on the journey to drive the coin to $0.18. In effect, this will resume the uptrend set in motion in Q1 2024 and early Q2 2024. Hedera Fundamentals Key To Driving Growth There are fundamental factors to consider that may propel HBAR, helping the token shake off weaknesses. Early this month, Canary Capital released the first United States HBAR Trust.   Like Grayscale products, including the ETHE and GBTC, the HBAR Trust allows institutional investors to gain exposure to HBAR. Accordingly, this could drive demand, lifting prices. Related Reading: ETHs Fate Hinges On $2,300: Will Ethereum Soar To $6,000 Or Dive To $1,600? In September, Hedera launched the Asset Tokenization studio. Through this solution, the network would be at the forefront of driving the tokenization of real-world assets (RWAs) while adhering to existing laws. Already, BlackRock, one of the world’s largest asset managers, believes tokenization will rapidly grow in the coming years, managing trillions. According to rwa.xyz, over $12.7 billion worth of RWAs has been tokenized. Additionally, there is interest. In the last month alone, the number of RWA holders rose to 68,929, a 4% increase. Most of these assets are tokenized on Ethereum and Stellar. Feature image from DALLE, chart from TradingView

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Hedera Hashgraph Price Prediction for Today, April 10: HBAR May Consolidate Above $0.070 Level

The Hedera Hashgraph price prediction is getting ready to trade above the resistance level of $0.070 as the market moves sideways. Hedera Hashgraph Prediction Statistics [...]

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Hedera Successfully Retests Key Demand Level Expert Says The Next Stop Could Be $0.52

Hedera (HBAR) has emerged as a standout performer in the current market cycle, demonstrating resilience and strength even amid uncertainty and volatility. After reaching a multi-year high last Friday, HBAR experienced a sharp correction, dropping over 22%. Despite this pullback, the price action suggests that Hedera is gearing up for its next major move, keeping investors optimistic about its bullish potential. Related Reading: Chainlink Is In The Middle Of A Bullish Breakout Analyst Sets $50 Target Renowned analyst Carl Runefelt has shared a detailed technical analysis on X, shedding light on HBARs current position. According to Runefelt, Hedera has successfully tested a key demand level following its recent drop, indicating that the cryptocurrency is preparing for a significant upward move. This successful retest of support is seen as a bullish signal, especially in a market marked by heightened volatility. As Hedera continues to consolidate its position among market leaders, its ability to hold critical levels and rebound with strength is a testament to its growing adoption and investor confidence. With market conditions still uncertain, HBARs performance in the coming days will be pivotal in determining whether it can sustain its bullish momentum and lead the way in the altcoin market. All eyes are on Hedera as it prepares for what could be another explosive rally. Hedera Prepares For A Breakout Hedera has been navigating the volatile crypto market with remarkable resilience, positioning itself as a strong contender to lead this bullish cycle. As the broader market enters a bullish phase, HBARs price action reflects its potential, having been in a sideways consolidation since early December. This prolonged phase of accumulation suggests that Hedera may be primed for a breakout. Market analysts have been increasingly optimistic about HBARs performance, with many pointing to its strong fundamentals and growing adoption as reasons for its bullish outlook. Notably, Carl Runefelt recently shared a technical analysis on X, highlighting key developments in HBARs price action. According to Runefelt, HBAR has successfully retested a critical demand zone that previously acted as resistance. This successful retest is a bullish signal, indicating that the price is building a solid foundation for its next upward move. Runefelt further emphasized that if HBAR continues to hold this key level, the next logical step would be to set new yearly highs. He has set an ambitious price target of $4.20, which he believes is achievable once HBAR breaks above Fridays price peak. Related Reading: Solana Compresses Near Previous ATH Gearing Up For The Next Leg Higher? With the market sentiment turning positive and Hederas strong technical setup, the coming weeks could be pivotal for HBAR. A breakout above its current consolidation range could catapult it into new territory, reaffirming its position as a market leader in this cycle. Investors are closely watching for signs of this anticipated rally as Hedera continues to demonstrate its potential to outperform in the evolving crypto landscape. HBAR Price Action: Key Levels To Hold   Hedera is currently trading at $0.33, following a sharp decline since last Fridays highs. Despite the pullback, the price remains within a critical range, and bulls must act decisively to reclaim momentum and re-establish a bullish outlook. Holding above the $0.315 support level is essential to prevent further downside and maintain a stable foundation for recovery. The immediate target for bulls is to push the price above the $0.35 resistance level, which has acted as a barrier in recent sessions. A successful reclaim of this level would signal renewed strength and spark optimism among investors. Breaking through $0.35 could set the stage for a broader rally, with the next key milestone at the $0.40 mark. A move above $0.40 would reinforce confidence in HBARs bullish potential, likely attracting fresh buying interest and solidifying its position in the ongoing market recovery. However, failure to hold above $0.315 could result in further consolidation or even a deeper correction, challenging the positive sentiment around HBAR. Related Reading: Ethereum Is Ready For The Next Big Move Analyst Shares Bullish Target As the market awaits HBARs next move, investors are closely monitoring its ability to hold critical levels and break through resistance. The coming days will be pivotal in determining whether HBAR can regain its upward trajectory. Featured image from Dall-E, chart from TradingView

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Hedera Price Prediction for Today, January 16 HBAR Technical Analysis

Hedera (HBAR) is poised for a significant breakthrough, fueled by its groundbreaking collaboration with SpaceX to integrate blockchain technology in space. As Donald Trump’s inauguration [...]

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