Hedera Hashgraph (HBAR) Price Prediction

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Contributor, Benzinga
February 7, 2023

Hedera Hashgraph (HBAR) is on the rise to start 2023. Its price has nearly doubled in the past month. The blockchain is marketed as an innovative Layer 1 network that facilitates enterprise use. Some speculators disagree and believe it is just a worse version of Ethereum. However, both could be true; as the ecosystem adapts, a sharp focus has been placed on a multichain future. If interoperability between chains continues to develop, maybe Hedera Hashgraph and Ethereum can both thrive.

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What is Hedera Hashgraph (HBAR)?

Hedera Hashgraph is a Layer 1 blockchain with smart contract functionality. Its native cryptocurrency, HBAR, is used to secure and govern the network. The Hedera Hashgraph blockchain has a number of open-source protocols actively being built on top of it. Notable ecosystem applications include:

  • SaucerSwap – A decentralized exchange (DEX) offering a full suite of decentralized finance (DeFi) solutions
  • Hashport – Interoperability of digital assets between networks
  • Zuse Market – NFT marketplace and launchpad
  • HeliSwap – DEX

Hedera Hashgraph (HBAR) Market Position

After reaching an all-time high of $0.47, HBAR’s price crashed along with the rest of the crypto market in 2022. Today, it trades just north of $0.07. Still, HBAR is a popular cryptocurrency. Its market capitalization is about $1.8 billion, making HBAR one of the top 50 cryptocurrencies. About half of the total HBAR supply is in circulation, with roughly 25 billion in circulation and a max supply of 50 billion.

InvestorsObserver Bullish Hedera Hashgraph (HBAR) Price Prediction

In an article on HBAR price by InvestorsObservor, the author asserts that investor sentiment and price movement show positive signs for the coin. In a volatile market like crypto, much of the trading is based on speculation, especially in the short term. With prices on the climb and positive sentiment, the article explains that the HBAR price is bullish in the short term.

AMB Crypto’s Bearish Hedera Hashgraph (HBAR) Price Prediction

A few different writers on AMB crypto cite the difficult macro conditions in the crypto market. These conditions stretch further than just this sector and are ever-changing as geopolitical tensions, record levels of inflation and a Fed tightening cycle bring risk to the markets. Crypto assets like HBAR are volatile, with many investors playing it close to the vest when macro conditions are so unpredictable. This behavior could drive capital away from HBAR, as well as from crypto in general.

2023 Hedera Hashgraph (HBAR) Price Prediction

Telegaon uses technical analysis to make price predictions on cryptocurrencies. Its outlook is short-term bearish but long-term bullish for Hedera Hashgraph. In 2023, Telegaon is calling for an average price of $0.058 per coin, roughly a 15% drawback from where it trades in February 2023. It is important to note that none of these predictions are guarantees and tend to lean bullish.

2024 Hedera Hashgraph (HBAR) Price Prediction

The Telegaon analysis changes its tune for HBAR in 2024, with an average price prediction of $0.14. For this prediction to be relatively accurate, the crypto market would likely need to be in full recovery. While the market has seen some upward price movement in 2023, many believe that it is just a bear trap with more pain to come in the near term. A $0.14 price for HBAR means that the crypto sector is in a bull market.

2025 Hedera Hashgraph (HBAR) Price Prediction

For 2025, Telegaon predicts an average price of $0.59, a new all-time high for HBAR. This prediction relies on the macro conditions, as it would be nearly impossible to reach this price level in a bear market. Telegaon goes as far as to say the price could reach $0.78 in 2025. 

2026 Hedera Hashgraph (HBAR) Price Prediction

Another price forecast platform that uses technical analysis for cryptocurrency outlooks is Changelly. This site is bullish on HBAR but is a bit more conservative in the predictions. For 2026, Changelly has HBAR at an average price of $0.30. The prediction also calls for a down year in 2026 across the market.

2027 Hedera Hashgraph (HBAR) Price Prediction

In 2027, Changelly expects that the average price of HBAR will be $0.47, assuming that the market conditions are good. By this point, Hedera Hashgraph will need to have shown a good amount of adoption. The market capitalization for a lot of cryptocurrencies and blockchains is wildly overpriced in comparison to their actual amount of users. By 2027, the field will likely be narrower. Hedera Hashgraph will need to have improved its development community and overall ecosystem for these predictions to be accurate.

2030 Hedera Hashgraph (HBAR) Price Prediction

Finally, in 2023, Changelly has HBAR trading at just under $1.39 on average for the year, which would require a ton of work from the Hedera Hashgraph community. This prediction calls for more than a 2x increase in Hedera Hashgraph’s all-time high. It raises the question if HBAR is trading this high, what would the blue chip cryptocurrencies be? 

Where to Buy Hedera Hashgraph (HBAR) 

If you are looking to buy Hedera Hashgraph, it is easily purchasable on a few of the best exchanges including OKX, Binance (or Binance.US for U.S. investors) and Crypto.com. All you need to do to start trading HBAR is to sign up to one of these exchanges, verify your identity with the exchange per regulations and deposit funds. You could also use one of the decentralized exchanges (DEXs) that trade the coin but this is generally much more difficult.

How Long Will It Take for Hedera Hashgraph (HBAR) to Reach 10 Cents?

For Hedera Hashgraph to reach 10 cents, a broader crypto run will likely need to take place. While this would be a huge run-up in the price for many asset classes, crypto is different. The crypto market goes through volatile swings, and as long as HBAR is able to remain relevant and avoid collapse, it could reach 10 cents again during any sort of relief in the crypto market or in the next bull run.

Where to Store Hedera Hashgraph (HBAR) Safely

Software and hardware wallets are becoming increasingly popular following the FTX collapse. When users hold their own keys, they are not at risk of centralized failure. Below are some wallets that are popular among crypto users.

Best Hardware Wallet: Ledger Nano S Plus

If someone says they have a crypto wallet, it is likely a Leder Nano S or Nano S Plus. These hardware wallets are similar looking to a flash drive. They help to keep your private keys away from phishing scams online. Ledger is also about to launch an exciting new wallet called The Stax which looks more like a smartphone than a flash drive. All Ledger wallets support pretty much all of the major cryptocurrencies including Bitcoin, Ethereum, Dogecoin, HBAR and all ERC-20 tokens.

Best Software Wallet: MetaMask

The most popular software wallet is MetaMask, a Google Chrome extension that lets users connect to different applications. While you are able to explore many cool decentralized sites, a software wallet comes with security risks. It is advisable to pair your software wallet with a hardware wallet.

Current Crypto Prices

After a brutal year in 2022, crypto prices have seen some relief to start 2023, with Bitcoin leading the charge and altcoins following its price action. HBAR is traded as a risky tech investment that trades like a leveraged Nasdaq investment. When markets are down, technology tends to get crushed first and hardest. When market conditions are favorable, technology tends to move first and higher in terms of relative price action.

So, is Hedera Hashgraph (HBAR) a Good Investment?

Hedera Hashgraph has a small number of users relative to its price, so to many, it will not look like a great investment. This sentiment varies from user to user based on the level of conviction they hold about the technology. In terms of Layer 1 blockchains with smart contract capability, the comparison is typical of Ethereum. For Hedera Hashgraph that is no different. For long-term success, developers will need to make differentiated advantages over Ethereum and create a dedicated community of developers to continue updating and building on the network.

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