Cryptocurrencies will soon become mainstream and there is almost no doubt about it. The network has hundreds of projects aimed at different areas of human activity.
What is Hedera Hashgraph
The Hedera Hashgraph public network is designed as a superior alternative to early blockchains. It is positioned as the trust layer of the Internet and is designed to create decentralized applications (DApps). The network was designed to address the typical shortcomings of early blockchains, such as instability and low throughput.
The network launched in 2019. Hedera Hashgraph offers a revolutionary new distributed ledger technology known as Hashgraph. This technology improves the functioning of the blockchain in several ways. Its use increases scalability, the platform is capable of processing up to 10,000 transactions per second. At the same time, the average transaction fee is about 0.0001 USD.
The platform offers several services. First of all, it is a set of smart contract tools that are used to develop decentralized applications. Based on the network, users can issue and configure their own tokens, including non-fungible ones.
Decentralized file storage services are available on the web with controlled variability, temporary file retention, and proof of deletion functionality.
HBAR, the native token of the Hedera Hashgraph network serves as a means of payment on the network. HBAR holders can take a direct part in securing the network by staking their tokens.
HBAR price history
About a year and a half since the launch, the coin did not show any special achievements. HBAR traded in a range of $0.01 – $0.05. At the beginning of 2021, the price began to rise and in mid-March slightly exceeded $0.4. In March-April, the coin was trading in the range of 0.3-0.4 dollars, and then a correction began. The correction period coincided with the general market downturn. The annual price low was recorded at the end of July, when HBAR was worth $0.15.
In mid-September 2021, the price reached an all-time high at just over $0.50. Since then, the price has gone down and at the time of writing, HBAR is worth $0.2565 per coin.
Hedera Hashgraph price prediction
HBAR is a very young asset. The array of historical data is too small for far-reaching conclusions. Therefore, long-term HBAR price prediction is not very different from guessing on coffee grounds. The forecast is based solely on general market trends and is provided for informational purposes only.
HBAR price prediction for 2022
The coming year is seen as potentially good for HBAR. According to expert forecasts, the most probable annual maximum is $0.58, the closing of the year is about $0.51.
HBAR price prediction for 2023
The price of the token strongly depends on the competent promotion of the project, the development of partnerships and the attraction of new users. If the project receives investor support, the price of the coin will continue to rise. The possible average price of the token by the end of the year is $0.80.
HBAR price prediction for 2024
In 2024, long-term investors will influence price formation. During this period, many of them will begin to take profits and this may push the asset up to $1.32 or slightly higher. The expected average price is around $1.15.
HBAR price prediction for 2025-27
If the project continues to build partnerships with financial institutions, a gradual move to $1.65 and then to $2.77 is possible.
It is worth taking into account that by this time the adoption of cryptocurrencies will rapidly increase and some of the controversial issues regarding their status will be settled in one way or another. By 2027, the price of the token may reach $4.18.
HBAR price prediction for 2028-31
Hedera Hashgraph is quite competitive in the Dapps space. According to analysts’ forecasts, during this period, the price of the coin will most likely exceed the five-dollar barrier and at the beginning of the next decade may reach $15-18.
The prospects for HBAR price changes in the period up to 2040 are rather vague. The cryptocurrency market is very dynamic and is influenced by many factors that are not always obvious. It is also worth considering the fact that the persistence of the general upward trend does not exclude periods of recession and stagnation.