HBAR clocks all-time high. What is Hedera crypto’s price prediction?

3 min read | September 14, 2021 11:58 AM EDT | By Raza Naqvi

HBAR clocks all-time high. What is Hedera crypto’s price prediction? — Image source: Thanakorn.P,Shutterstock

What is Hedera Hashgraph?

According to the project's website, Hedera is the only public distributed ledger based on the hashgraph consensus mechanism. It enables users to create decentralized applications on the platform and it is designed to be more efficient than blockchain-based platforms.

Funded via an initial coin offering (ICO) in August 2018, Hedera is considered to be unique as it achieves the same result as mainstream blockchains but in a way that is faster and fairer. The project’s mainnet was launched in September 2019.

HBAR, the native utility token of the Hedera Hashgraph network, can be used for various purposes like powering the network's services such as transactions, smart contracts and files stored. HBAR is also used to secure the network as users can stake their tokens to maintain the integrity of the platform.

According to CoinMarketCap, Hedera Hashgraph can handle more than 10,000 transactions per second and has an average transaction fee of just US$ 0.0001.

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HBAR crypto is gaining momentum as it has clocked an all-time high.

Bottom line

HBAR token’s price has surged by 1178 per cent in the last twelve months and catapulted by 51.6 per cent in the last seven days, according to CoinGecko data. It has a circulating supply of 9,633,179,177 and the total supply is 50,000,000,000 HBAR tokens.

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The bullish momentum is expected to continue for the remainder of this year and the coin could reach US$ 0.7 per token by the end of 2021.

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