Hedera Hashgraph is abbreviated as HBAR. HBAR is Hedera’s native energy-efficient coin that supports the decentralized economy. The platform enables the creation of safe, efficient, and powerful dApps. HBAR’s success is due to the fact that it is backed by some of the world’s most prestigious corporations. LG, Google, Standard Bank, Boeing, TATA, and IBM are all major players in the Hedera System’s governance.
It was founded in 2018 through an initial coin offering (ICO) and debuted its mainnet in 2019. HBAR serves two purposes: it provides security to the entire HEDERA network via staking and it also powers other HEDERA services such as file storage, contracts, and transactions.
Comparison Between BTC, ETH, HBAR
- BTC transactions: 3+, Eth transactions: 12+, HBAR transactions: 10,000+
- Average Fees: $22.57 for Bitcoin, $19.55 for Ethereum, and $0.0001 for HBAR
- Confirmation of transactions: 10-60 minutes for Bitcoin, 10-20 seconds for Ethereum, and 3-5 seconds for HBAR (with finality).
- Transaction Energy: 885+kwh for Btc, 102+kwh for Eth, and 0.00017kwh for HBAR.
HEDERA’s Features
- On-system minting of fungible and non-fungible tokens (NFT).
- Security consensus for the entire Hedera system.
- Smart Contracts, which allow developers to create a variety of dApps for the general audience.
- A decentralized file storage system based on proof-of-deletion.
Price Movement – Hedera
Before the crash in July, the coin had created its All-Time High in March 2021 and reached a price of almost $0.455 before falling down to a price of $0.1382 in June 2021. It soon recovered and created a new ATH in September and reached $0.5760. At the time of writing this article Hedera (HBAR) is being traded at a price of $0.2639. The price has almost decreased by 8% today. On the monthly time frame, we have seen a decrease of almost 25%.
The Total volume at the moment is $88,010,539 with an increase of 18.70% in the past 24 hours. The coin is listed on coinmarketcap on the 37th spot and has a market dominance of about 0.21%.
Long Term Price Prediction – Hedera (HBAR)
Digital Coin Price thinks that HBAR is a highly bullish coin and it would continue to rise in value. According to their prediction, in one year it will reach a value of $0.47. In a five-year plan, the price is expected to reach a value of $1. Traders think that it would soon reach the expected values in much less time.
