Cryptocurrency Hedera Hashgraph (HBAR) has become one of the record holders for growth in the bull market of 2021. Later investors faced a deep correction. What is this project and does it have any prospects in 2023?
What is Hedera Hashgraph? Key Highlights
Main peculiarities of the network:
- Customizability: the ability to adjust transaction codes to create new functionality; in laity’s terms, changes in the code expand the range of use of the platform.
- Scalability of transactions: an asynchronous consensus algorithm allows for a significant increase in the speed of transactions and make this speed unwavering.
- Predictably low price of transfers: transaction fee is minimal and does not depend on the number of transactions, which makes it profitable to run a business based on microtransactions in the network.
The public network was launched in August 2018, it uses the native token for all transactions inside the platform. The coin also serves as a network protector against some types of cyberattacks.
Thanks to Proof-of-Stake (PoS) consensus algorithm, there is an attracting feature in HBAR: users can earn hbars by assigning their tokens (making a “stake”) to the node. This is easily implementable via special function embed in the wallet. Not all hosters can afford the maintenance of the main node, principally due to price fence. Hedera developers make the network more uniform in terms of potential earning via staking and holding a node.
The project’s team includes:
- Dr. Leemon Baird, Cofounder and Chief Scientist, author of video explainers for Hedera
- Mance Harmon, Cofounder and CEO
- Natalie Grunfeld Furman, General Counsel
- Christian Hasker, Chief Marketing Officer
- Lionel Chocron, Chief Product Officer and others
HBAR Technical Price Prediction 2022-2023
The spring of 2022 was critical for hbar crypto. However, the coin found strong support at $0.055. Everything suggests that we are in for a squeeze movement that will collect liquidity below the $0.052 level. This could be the start of new growth.
A large loss in price attracts a lot of newcomers who could make Hedera a massive speculative product. A move towards the strong $0.11 resistance level looks preferable.
The reaction to this level will give an answer if the cryptocurrency has the strength to test $0.135 or even make a squeeze move above $0.156. Higher marks should not be considered in a restrained forecast. This is not a hype product like Shib or Doge, so you need to be quite restrained and follow the risk management. This coin only brings profit to those who trade with a cool head.
HBAR Сrypto: Fundamental Price Prediction 2025, 2030, 2040
Unfortunately, the situation around the coin and the project as a whole depends on a tough demoralizing dump on the crypto market. So we don’t expect a sharp rise in prices, because the unfavorable market situation has every chance to prevent this.
According to the info on Hbarprice website, a reputable futurist who predicted Google dominance on the internet market in 90s, also gave a positive forecast for Hedera Hashgraph.
The 15-year coin distribution plan, to ensure maximum decentralization and powerful intervention in various markets, has attracted attention. Far-reaching plans always distinguish serious projects from smalltimers.
HBAR trading volumes were observed on the Upbit exchange (Korea) even before the listing on Binance. Integration with the top exchange platform was able to significantly revive the turnover of the coin. But now the project has no such trump card.
The project team quickly created a convenient and multi-functional wallet, available on the desktop and on mobile devices (Android and IOs). This is a highly important factor in the distribution of the product.
Temporary market confusion is rather a catbird seat for this crypto product. Without sharp jumps and crashes, it is easier for a newcomer to attract regular users interested in the platform’s functionality, rather than in short-term asset speculation.
Long-term prospects for 2025, 2030 and 2040 depend on the overall market situation. We see that Hedera may have a second wind. Do not wait for a quick update of the highs. This is the goal for the above dates. It is 2025 that may be marked by the completion of the last bullish cycle for the coin.
Disclaimer. Crypto investing isn’t for the faint of heart. Always conduct a multidimensional analysis of a blockchain project before investing in its coins or tokens. Never invest money that you can’t afford to lose.
