HBAR Price Prediction 2023-2032: Hedera Hashgraph Soon to Retest its ATH?

HBAR Price Prediction 2023-2032

Hedera Hashgraph is a trending cryptocurrency focused on providing a sustainable, enterprise-grade blockchain.  The asset has been performing extremely well recently, prompting investors everywhere to search for a Hedera Hashgraph price prediction. So that is a heads-up in crypto winter despite the doom which tends to pull everyone else connected to scandals involving cryptocurrency.

What’s the latest on the Hedera network? Hashgraph is a distributed ledger technology that has been described as an alternative to blockchains. HBAR cannot manipulate the ordering of transactions because its function is to provide fair and secure transaction ordering in a leaderless fashion. It utilizes the aBFT #hashgraph consensus algorithm.

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Hedera Hashgraph has 18 investors, including Boeing HorizonX Ventures and Tata Communications. Hedera Hashgraph has raised $125.5M.  Betsabe Botaitis, an internationally accomplished strategist and fintech executive championing financial inclusion, has been named as a top honoree with the DealMakeHers Latina Disruptors, celebrated at a Nasdaq event in San Francisco.

Has anyone stopped to think with a lucid mind about the matter with these crypto exchanges that fell off the grid? There’s a takeaway lesson for everyone: Monitoring the flow of money moving in and out of crypto exchanges can produce valuable market insights. Particularly what “smart money” is doing. When analyzing exchanges, the most appropriate on-chain metrics provide trading signals and insights using crypto transaction data – or, “who is sending what, where, and to whom.”

Hedera Hashgraph (HBAR) cryptocurrency is one of the altcoins that enjoyed a bullish trend from the beginning of 2021 to the end of March 2022. As a result, many crypto traders have taken an interest in the digital coin since its blockchain technology shows many prospects of becoming a force to reckon with within the blockchain industry. 

The question in every crypto investor’s mind is this: When will HBAR’s price rise again? Despite the overall bear market and what happened with LUNA, everyone can see clearly that HBAR Coin has strong buying potential. Now many indicators are indicating a bullish trend. With the positive perception of HBAR, we might see this scenario happening sooner than predicted: Retest of its all-time high.

How much is HBAR worth?

Today’s Hedera price is $0.089, with a 24-hour trading volume of $217K. Hedera has decreased by 3.64% in the last 24 hours. The current CoinMarketCap ranking is #34, with a live market cap of $1,686,377,773. It has a circulating supply of 32,399,966,653 HBAR coins and a max.

We shall look at what the HBAR token is, how the blockchain operates functions, its price action, and its price prediction for 2023 onwards to help traders evaluate whether the cryptocurrency project is a profitable investment or not.

Also Read:
• How To Buy HBAR?
• Best Place To Stake HBAR?

HBAR price analysis: HBAR trades at $0.089

TL;DR Breakdown

  • HBAR price analysis shows a slightly bearish momentum.
  • HBAR trades in a range of $0.085 to $0.089

HBAR price analysis 1-day chart: HBAR sees bearish momentum near $0.089

Analyzing the daily price chart of Hederah Hashgraph, HBAR bulls have been unable to keep a strong grip on the market above $0.08, driving the price slightly below.  The trend was supported by strong selling pressure. However, the 24-hour volume has increased to $21.82 million, showing high trading activity in the last 24 hours. HBAR’s price is trading at $0.089, increasing by nearly 3.64% in the last 24 hours.

The Relative Strength Index (RSI)-14 trend line has reversed from its previous level and currently hovers around the 67 level, showing that the bulls are taking over. The SMA-14 level suggests volatility in the next few hours.

HBAR/USD 4-hour price chart: HBAR battles the bears near $0.089

The 4-hour chart shows that HBAR/USD contends the bears as $0.089.Again, the MACD trend has formed bearish candles below the signal line, and the indicator now attempts to make a bearish reversal, strengthening sellers’ positions.

The Balance of Power has reversed and is currently in the negative region at -0.58.

What to expect from HBAR price analysis next?

The price analysis for HBAR shows that HBAR aims to recover price and surpass $0.89. Again, the bulls are gathering momentum to take control of the market and are likely to push the price upward to $0.09

If the bulls fail to maintain their momentum, HBAR may go down to its support line at $0.062, resulting in a correction to $0.050.

Recent news on HBAR Coin

The team behind HBAR recently announced the availability of smart contract verification on its ecosystem in order to offer increased trust and transparency through the enablement of smart contract evaluation.

HBAR Price Prediction 2023-2032

Hedera HBAR Price Prediction by Cryptopolitan

YearMinimum PriceAverage PriceMaximum Price
2023$0.0878$0.0970$0.0998
2024$0.1361$0.1410$0.1666
2025$0.1844$0.1914$0.2319
2026$0.2712$0.2808$0.3225
2027$0.3940$0.4080$0.4845
2028$0.5899$0.6103$0.6940
2029$0.8825$0.9130$1.02
2030$1.31$1.35$1.54
2031$1.90$1.97$2.22
2032$2.61$2.69$3.28

HBAR Price Prediction 2023

According to our forecast for 2023, we expect the HBAR coin to reach a maximum price of $0.0998. It is anticipated that cryptocurrency will attain a minimum price of $0.0878 and an average trading price of $0.0970. Considering ongoing partnerships and developments in the Hedera ecosystem, a slight increase in the coin’s price is projected for 2023.

HBAR Price Prediction 2024

For the year 2024, our Hedera Hashgraph price forecast indicates that the cryptocurrency will achieve a maximum price of $0.1666. The coin is likely to hit an average price of $0.1410, with the minimum expected to be $0.1361. The Hedera ecosystem’s growing partnerships could be a contributing factor to this upward trend.

HBAR Price Prediction 2025

In 2025, we forecast that the HBAR coin will attain a maximum price of $0.2319. Additionally, both the average and minimum forecast prices are set at $0.1914. The consistent values for average and minimum prices might stabilize the coin’s value during this period.

HBAR Price Prediction 2026

According to our HBAR coin price prediction for 2026, we anticipate that the HBAR coin will reach a maximum price of $0.3225. The coin’s minimum and average prices are expected to be $0.2712. Given the maturation of developments and partnerships in the Hedera ecosystem by this year, the coin is poised to be a noteworthy investment.

HBAR Price Prediction 2027

Our forecast for 2027 suggests that the HBAR cryptocurrency might hit a maximum price of $0.4845. The average and minimum trading values are both expected to be $0.3940. This could reflect a relatively stable pricing environment for HBAR during this year.

HBAR Price Prediction 2028

For 2028, our prediction indicates that HBAR will achieve a maximum price of $0.6940. The coin’s average and minimum prices are projected to be $0.6103 and $0.5899, respectively. This suggests a continuation of the upward trend, potentially driven by further developments in the Hedera ecosystem.

HBAR Price Prediction 2029

According to our analysis for 2029, the HBAR coin is likely to reach a maximum price of $1.02. The average and minimum trading prices are forecast to be $0.9130 and $0.8825, respectively.

HBAR Price Prediction 2030

In 2030, we anticipate that the HBAR coin will hit a maximum price of $1.54. The average trading value of the coin is predicted to be $1.35, while the minimum is expected to be $1.31.

HBAR Price Prediction 2031

Our HBAR price prediction for 2031 suggests that the coin may reach a maximum price of $2.22. The average and minimum values are forecast to be $1.97 and $1.90, respectively.

HBAR Price Prediction 2032

For 2032, the forecast is bullish for the HBAR coin. We predict a maximum price of $3.28, with an average trading value of $2.69 and a minimum of $2.61.

HBAR Price Prediction by Wallet Investor

According to Wallet Investor, HBAR is a good long-term investment. They predict that the coin will be worth $0.0975. In five years, they expect the coin to be worth $0.116.

HBAR Price Prediction by CryptoPredictions

CryptoPredictions predicts that HBAR will reach a maximum price of $0.149, with an average price of $0.119 by 2023. The coin’s lowest price is expected to be $0.101 by 2023. By 2024, CryptoPredictions predict that HBAR will have a maximum price of $0.192, with an average trading price of $0.153 by 2024. The lowest price of the coin is expected to be $0.130.

Furthermore, CryptoPredictions predict that HBAR will reach a maximum trading price of $0.253, with an average price of $0.202 by 2026. The coin’s lowest price is expected to be $0.172 by then.

CryptoPredictions expect the HBAR coin to reach a maximum of $0.289, with an average trading price of $0.231 by 2027. By then, the lowest price of HBAR by that time is expected to be $0.197.

HBAR Price Prediction by DigitalCoinPrice

DigitalCoinPrice predicts that HBAR will reach a maximum price of $0.19 with an average trading price of $0.18 by the end of 2023. They expect the lowest price for HBAR to be $0.0779.

By 2026, Digital Coin Price expects HBAR to have a maximum price of $0.40. The token’s lowest and average trading price is expected to be $0.24 and $0.28, respectively.

HBAR is expected to reach a maximum of $0.48 by 2029. The average and minimum price of the token by then is expected to be $0.38 and $0.33, respectively.

By 2032, DigitalCoinPrice predicts that HBAR will have a maximum of $1.69. The coin’s lowest and average forecast price by then is expected to be $1.63 and $1.67.

HBAR Price Prediction by Coincodex

According to Coincodex Hedera coin price prediction, HBAR will reach $0.19 by then of 2023. Furthermore, Coincodex expects HBAR to have a yearly high of $0.099 and a yearly low of $0.076 by 2027.

By 2030, Coincodex expects HBAR to have yearly highs and lows of $0.37 and $0.05, respectively.

 HBAR Price Prediction by Crypto Influencers

Overview of HBAR Coin

Popularity #30Price Change 24h -3.91%
Price Change 7d: +0.34Market cap $3 B
All-time low $ 0.01001Trading Volume $ 16,403,271
All-time high $ 0.57014All time low $ 0.01001

More on HBAR Coin

What is an Hedera Hashgraph (HBAR) token?

The Hedera Hashgraph token, commonly denoted as HBAR, is the native cryptocurrency of the Hedera Hashgraph blockchain network. Its current price is $0.1696.

The Hedera Hashgraph cryptocurrency has two roles in the Hedera Hashgraph blockchain. The first role is fueling services like transactions, file storage, and execution of smart contracts, and the second is securing the blockchain network through staking. HBAR holders stake their HBR tokens to help maintain the integrity of the blockchain platform.

There is a maximum total supply of 50 billion HBAR tokens, and out of these, only 18% (8.95 billion HBARS) are currently in circulation supply, which represents an increase of about 28% since the start of 2021 when the coins in circulation supply were about 14% of the total coin supply.

The Hedera Hashgraph network releases the HBAR tokens in cycles, ensuring that the total coins in supply during the first few years of the blockchain remain below the two-thirds required to hold consensus. Every month, Hedera releases a month detailing how it shall distribute the next wave of HBAR tokens through public reports published on its official website in the HBAR Economics sections (under the HBAR tab) in the ‘What is Hedera’s circulating supply of HBAR?’ question.

According to Hedera’s whitepaper, about 17.03 billion HBAR tokens, about 34% of the total maximum coin supply, will be in the circulation supply by 2025. HBAR is used to pay transaction fees, make payments and micropayments, and protect the network through its proof-of-stake consensus. Developers and retail users can purchase HBAR from an exchange or OTC. HBAR holders can pay for application transaction fees and stake them to Hedera network nodes.

What is the Hedera Hashgraph blockchain?

Hedera Hashgraph blockchain is a distributed ledger technology that provides individuals and businesses with a platform to create decentralized applications (DApps). It is portrayed as the ‘trust layer of the internet. 

Hedera’s founders and the rest of the development team designed it to offer solutions to some of the challenges (e.g., instability and slow performance) of most older blockchains like Blockchain and Ethereum.

The blockchain started through an ICO in 2018 and introduced its mainnet a year later in 2019.

HBAR uses a consensus mechanism known as Hashgraph consensus. It involves a rotating governing council of 39 diversified organizations from different industries. This council is the one that is involved with managing and updating Hedera Hashgraph codebase, voting on decisions about the platform, and operating the blockchain’s initial nodes.

Besides the consensus mechanism, the blockchain also uses a Proof-of-Stake (PoS) consensus mechanism in ensuring that the integrity of the network is maintained and thus ensures that it is secure. The PoS allows HBAR holders to stake their tokens for this purpose.

The overall security setup of Hedera Hashgraph enables it to achieve an asynchronous Byzantine fault tolerance (ABFT) that guarantees transactions are completed within the stipulated time regardless of whether some data is available or not.

Byzantine fault tolerance (ABFT)

The overall security setup of Hedera Hashgraph enables it to achieve an asynchronous Byzantine fault tolerance (ABFT) that guarantees transactions are completed within the stipulated time regardless of whether some data is available or not. Hedera is the first and only public DLT to use this consensus algorithm, which we believe will be both faster and more secure than other existing public networks.

In a distributed system such as cryptographic ledgers, Byzantine Fault Tolerance (BFT) is a plan’s ability to tolerate an arbitrary number of faulty component failures, inducing the distributed system to commit abnormal behaviors. The Byzantine failure model is a stringent assumption where any false or malicious part can decide or perform any operation, including halting execution, controlling other users’ access to shared resources, delaying messages, replaying old messages, and dropping data packets.

What makes Hedera Hashgraph blockchain unique?

The Hashgraph consensus mechanism used by Hedera Hashgraph is entirely different from the consensus mechanisms used by most blockchains, and it enables Hedera Hashgraph to offer better services in terms of scalability, speed, and cost of transactions.

Hedera Hashgraph can handle over 10,000 transactions per second, which is way far more than what the likes of Bitcoin and Ethereum blockchains can process per second. And while it takes between 10 to 60 minutes for transactions to be confirmed in blockchains like Bitcoin and Ethereum, it only takes 3-5 seconds for a transaction to be established in Hedera Hashgraph.

Regarding the cost of transactions, Hedera Hashgraph is way cheaper than most blockchain networks. Its average transaction fee is $0.0001 per transaction in Hedera Hashgraph, while it costs $22.57 per transaction in the Bitcoin blockchain.

Figure 1. Comparing HBAR blockchain to Bitcoin and Ethereum (Source)

Hedera Hashgraph also has several features that make it an excellent blockchain for its users, and these include: 

  • Smart contract functionality that allows DApps developers to develop powerful DApps.
  • Enabling users to mint both fungible and non-fungible tokens (NFTs) for the DApps that they develop on Hedera Hashgraph.
  • An additional PoS consensus algorithm ensures that the network is secure while offering HBAR users a means of earning a passive income by staking the tokens.
  • A decentralized file storage system that includes features like controlled mutability, time-based file expiry, and proof-of-deletion.

Conclusion 

Hedera Hashgraph has made significant strides in its ecosystem in recent weeks. However, based on recent developments happening in the network, it is likely that the coin will soar. According to our Hedera price prediction, the coin will increase. Our long-term prediction for the coin is $3.28. Even though we are bullish on this cryptocurrency, we advise you to do proper research before making any financial decision. Hedera is undoubtedly a great crypto asset with promising technology, but all cryptocurrencies are volatile, and their prices perform like a roller coaster.

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