HBAR Price Prediction 2022-2031
The debacle of 5 May 2020 should be taken as a lesson to fortify but not as a hindrance against a possible better future. If you are looking to buy and hold, then it’s always good to start scaling in carefully when there’s proverbial blood in the streets, advised Chris Brookins, co-founder, and CEO of RociFi. Other aspects of the crypto market are still active, like NFTs and various DeFi protocols, and the market might regain its foothold after panic-selling. So, let’s lay down some ground work with this HBAR price prediction guide.
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. So, can we see this scenario happening soon: Is the HBAR Coin due for a retest of its all-time high?
Also Read:
• How To Buy HBAR?
• Best Place To Stake HBAR?
Today’s Hedera price is $0.061561 with a 24-hour trading volume of $26,603,353 USD. Hedera is down 3.90% in the last 24 hours. The current CoinMarketCap ranking is #40, with a live market cap of $1,298,009,238. It has a circulating supply of 21,084,776,584 HBAR coins and a max. supply of 50,000,000,000 HBAR coins.
We shall look at what HBAR token is, how the blockchain operates functions, its price action, and its price prediction for the remaining part of 2021 and 2022 to help traders evaluate whether the cryptocurrency project is a profitable investment or not.
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.
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 ensuring 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 that an arbitrary number of faulty components fail, 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, 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.
Hedera Hashgraph Price History
When the HBAR coin was first sold to the public through an ICO, the coin price was $0.12 and although the token has gone through had its ups and downs in the market, it still has a positive ROI, which currently stands at 40.2% against the US dollar.
HBAR crypto started trading in September 2019, a year after its ICO was conducted, and it started trading a price that was about half of what it was sold for during the ICO. And as if things were not bad yet, the digital coin value dropped further to trade below $0.03 until the start of 2020, when it made a slight bullish attempt that saw it go above $0.06 though it didn’t hit $0.07.
HBAR maintained a price above $0.03 for the whole of 2020. Then, at the beginning of 2021, the cryptocurrency price started skyrocketing, and the bullish trend continued until mid-March when it hit its all-time high of $0.4495. The coin tried to get past the all-time high price in April to no avail before taking on a bearish trend that has continued till today, as seen in the HBAR chart below.
Although the HBAR price is currently bearish, the digital asset value is still well above the price sold during its ICO. Experts believe that the coin will turntables (as we shall see in the price analysis section and Hedera Hashgraph price prediction sections below) since the current bearish trend is being witnessed across all cryptocurrencies prices popular coins like Ethereum price, Ripple price, and Bitcoin price.
New developments in the Hedera Hashgraph blockchain network
The Hedera Hashgraph platform has involved itself in the NFT space, and recently, it partnered with HashAxis, a global non-fungible token (NFT) marketplace built on Hedera. The launch of Hash Axis on the Hedera Network supports the company’s mission to bring distributed ledger technology to the masses.
Again, atma.io, a global materials science company specializing in designing and manufacturing a wide range of labeling and functional materials, partnered with Hedera to account for the carbon emissions of billions of unique items.
HBAR’s Metaverse Fund recently committed $250 million to bring customers into the Hedera ecosystem at scale and accelerate the development of applications in high-growth target areas such as gaming and virtual worlds, social platforms & fan engagement, etc.
HBAR Technical Analysis
The Hedera token price has been trading south for the last 6 months straight, losing over 60% of its value from the year’s high. The MACD histogram indicates increasing Hbar price momentum to the upside; the MACD line is breaking above the signal line, suggesting bullish momentum in the short term. The William alligator trend lines suggest the Hedera value will continue south. The 14-day reactive strength index shows Hbar is neither in the overbought nor oversold territory- there is no sign of a price reversal and plenty of room for upward price movement.
Hbar Price Predictions by Cryptopolitan
HBAR Price Prediction 2022
HBAR coin’s price prediction for 2022 is a maximum price of $0.065 with a minimum price of $0.061. The average token price is predicted to be $0.063 by 2022.
Hedera hashgraph market share of the smart contract ecosystem is rapidly growing owing to its predictable low fees, speed, and Negative carbon footprint.
HBAR Price Prediction 2023
Our HBAR price prediction for 2023 could be a maximum price of $0.11. The minimum price is $0.087, and the average trading price of the coin is predicted to be $0.09.
Hedera is the most used enterprise-grade public network; it is an open-source cryptocurrency network where users and developers alike can complete transactions and deploy decentralized applications.
HBAR Price Prediction 2024
Our HBAR price prediction for 2024 is a maximum price of $0.15. Hbar’s minimum price is predicted to be $0.13, and an average price of $0.13.
HBAR Price Prediction 2025
Our Hedera price prediction for 2025 is a maximum price of $0.22. The coin’s lowest price is expected to be $0.18, and the average trading price of the coin is $0.18. The influx of manageability features through the DAO with other powerful ad campaigns can boost Hbar.
HBAR Price Prediction 2026
Our HBAR price prediction for 2026 is a maximum of $0.30. The minimum price the coin will have by the end of 2026 will be $0.26, while its average trading price is expected to be $0.27. The growth will be enabled by the continuous growth of the Hedera tokens, Hbar network, and ecosystem.
HBAR Price Prediction 2027
Our HBAR price prediction for 2027 is a maximum price of $0.45, with a minimum price of $0.39. We also expect that the average trading price of the coin by that time is expected to be $0.40.
HBAR Price Prediction 2028
Our HBAR price prediction for 2028 is a maximum price of $0.68. The minimum price of the coin by 2028 is expected to be $0.55; the average trading price of the coin is forecasted to be $0.57.
HBAR Price Prediction 2029
Our HBAR price prediction for 2029 is a maximum price of $0.96 with an average trading price of $0.86. The coin is expected to have the lowest price at $0.83.
HBAR Price Prediction 2030
Our HBAR price prediction for 2030 is that the highest price could reach $1.46. The lowest price of the coin is $1.22. The average trading price of the coin is expected to be $1.25. 2030 could bring a considerable general price hike in the crypto market’s value.
HBAR Price Prediction 2031
HBAR’s price prediction for 2031 is a maximum trading price of $2.05, with an average trading price of $1.79. The minimum price of the coin is expected to be $1.74.
HBAR Price Prediction by Wallet Investor
Wallet Investor uses Artificial intelligence (AI) and machine learning to provide Hbar price forecasts. The AI indicates HBAR’s past performance index rating as B+. It adds that HBAR would make a bad one-year investment; it will sell at $0.0050038 in one year. HBAR’s value will drop from the current price to $0.0053 in two weeks. HBAR’s return on investment (ROI) will be -91.42% in 2023. In 2024 the ROI will be -92.09%; in 2025, it will be -95.52%; in 2026, it will be -98.48%. According to the analysis, the Hedera bullish trend continues over the entire period.
HBAR Price Prediction by TradingBeasts
The site uses linear and polynomial regressions on past data to provide a Hedera Hashgraph price forecast. HBAR’s price will rise to $0.0831607 in November. It will then be bearish for the rest of the year.
In December, HBAR will be selling at $0.0824603. In 2023, Hbar will trade at an average price of $0.0816877 in January and $0.0700815 in December; in 2024, HBAR will trade at an average price of $0.0686907 in January and $0.0717784 in December. In 2025, HBAR will trade at an average price of $0.0724029 in January and $0.0727094 in December.
HBAR Price Prediction by Digital coin price
HBAR cryptocurrency performed well in April and August but dipped in subsequent months. HBAR’s price will go up to $0.0722 in November. It will continue trading sideways, reaching $0.0711 in December. HBAR will be on a bullish trend from 2022 to 2030. In 2023 it will trade at a mean price of $0.13. It will reach a maximum price of $0.14 and a minimum of $0.12. In 2025 it will trade at a mean price of $0.24. It will reach a maximum price of $0.26 and a minimum of $0.22. In 2030 it will trade at a mean price of $0.81. It will reach a maximum price of $0.82 and a minimum of $0.80.
Hbar Price Predictions by Industry Influencers
Ayman Mufleh Youtube channel’s latest update on HBAR suggests that the coin has potential despite dropping sharply from its all-time high. Mufleh predicts a 161 times ROI in five years; at that price, HBAR will have a similar market capitalization with Ethereum. He further highlights Kelvin Olear’s bullish sentiment on HBAR and its major brand partners.
Mufleh also mentions HBAR’s upcoming updates and support for CBDS which will be a significant milestone for the Hedera ecosystem. In response to the bullish sentiment, Mufleh bought 10,000 HBAR.
Michelle Jongbloets, a crypto enthusiast, analyzes Hbar performance using RSI and MACD indicators to determine the support and resistance levels. She comments that we are in a bear market, and Hbar will drop lower to the $0.0631 mark.
Crypto vault Youtube channel provides Hbar technical analysis and price prediction.
The HBAR token is a utility token, as it continues to secure billions of dollars in major sectors such as NFTs and the metaverse space. With that in mind, @hbar_to_moon suggests that metrics show HBAR will become the world’s only good #DLT network. According to him, the HBAR price is not the right metric to look at yet, because all crypto is still moving with Bitcoin, but that will change too.
Famous crypto influencer, Jack Gordon, predicts that HBAR can reach $100 in the long–term, making it a good investment. They also expect HBAR to achieve a 2 Trillion market cap around that time.
Conclusion
As big institutions increasingly threaten incoming blockchain tech, only truly decentralized cryptocurrencies will survive in the long run. However, this might not be so for the Hedera blockchain. The network is governed by major brands like Google, Stanbic Bank, IBM, Unisoft, and others giving HBAR substantial leverage in big enterprises. The coin also enjoys listing on top-tier crypto exchanges like Binance, Huobi global, Gate.io, and Bitstamp.
Some crypto analysts believe that the Hedera coin can be an excellent investment in the future. But we say that the coin can experience a price rise if only it comes up with more use cases. If you’re a long-term investor in the Hedera Hashgraph project, it can be undoubtedly beneficial. The project has the backing of some technology giants, and their support makes Hedera stable.
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Hedera is a third-generation blockchain offering high throughput at minimal cost while remaining sustainable. The blockchain is governed by global brands that use its enterprise-grade capabilities. HBAR has genuine utility and will begin to recover in 2023 once the 2022 bear run ends. Our forecast shows that it will hit an all-time high (ATH) in 2028. Negative news and market crashes could, however, derail HBAR’s performance in the cryptocurrency market.
Hence, anyone who wants to invest in HBAR should do so with caution – but only after doing their research. Overall, we predict a brighter future for HBAR.
