Hedera's Q3 defies crypto market downturn
Hedera takes significant strides in Q3, with notable growths recorded across the network's ecosystem.
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Hedera takes significant strides in Q3, with notable growths recorded across the network's ecosystem.
According to a recent report by the online database platform Messari, the Hedera (HBAR) Network, an open-source, public blockchain governed by the Hedera Governing Council, has showcased significant growth in the face of a challenging crypto market during Q3 2023. Hedera Network Hits New Record With 99 Million Daily Transactions Per the report, Hedera Network's transaction volume continued its upward trajectory, achieving a new record of 99 million daily average transactions in Q3 2023.
HBAR hits an ideal level for a long position, but bearish pressure looms large.
While making a triangle pattern in the daily chart, the HBAR price remains indecisive below the 50-day EMA. Moreover, the constant support from the $0.045 zone proves crucial to sustaining the triangle pattern. With the altcoins finding strong footing, the chances of a bullish comeback for HBAR are stronger this Uptober.
Ripple (XRP) goes beyond just being a cryptocurrency. It's a digital payment system with a mission to transform global financial transactions.
The latest virtual asset index has been unveiled by the Hong Kong Virtual Assets Consortium, a rating agency specializing in evaluating the reliability of cryptocurrency assets and exchanges.
Hong Kong's rating agency HKVAC announced on Monday that it has added Hedera (HBAR), Maker (MKR), and Quant (QNT) to its key indexes. Moreover, XRP has replaced Circle's USD Coin (USDC) stablecoin in the top crypto indexes.
HBAR faced overhead obstacles at $0.0480 and $0.0520. Price rejections at these hurdles could present shorting gains.
The Hashgraph Association reported partnership with Dar Blockchain, a WEB3 company based in Africa. Despite the news, HBAR's TVL saw a dip with HBAR trying to stay afloat.
Ethereum (ETH), Flare (FLR), Optimism (OP), Hedera (HBAR), and Radiant (RXD) are all altcoins that have interesting developments lined up in October, which could have an effect on their price.
The spot CVD saw a hopeful upward move, suggesting that buyers are regaining strength in the spot markets, but other indicators outline HBAR's bearishness.
HBAR's possible range-bound extension could present another shorting opportunity. Where will HBAR go next?
In the ever-evolving world of cryptocurrencies, Bitcoin (BTC) finds itself locked in a battle for a major breakthrough, trading well below its historic highs of 2021. While this might seem like a subdued phase for crypto enthusiasts, astute investors recognize it as a unique window of opportunity to acquire promising coins at discounted rates.
HBAR's performance revealed that the bullish momentum wasn't in full swing. While short-term profits could still be focused upon the prevailing level of demand was also something traders must consider.
Cryptos that are compliant with ISO 20022 standards have a great chance to win long term and deserve your attention.
Hedera, a blockchain network steadily gaining traction, recently made a groundbreaking announcement that could set the stage for remarkable growth in the coming year.
The Hedera network made a huge announcement considering the growth trajectory of the network. How this will impact HBAR remains to be seen.
$HBAR bounces back 9% on Hedera Hashgraph's stablecoin studio rollout with integrated proof-of-reserve functionality.
Bitcoin (CRYPTO: BTC) traded higher, with the cryptocurrency prices trading above the $26,400 level on Thursday. Ethereum (CRYPTO: ETH), also moved higher, trading above the key $1,600 mark this morning.
The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 14, 2023. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.
With the SDK, Hedera wants to bring more stablecoin applications, sparing developers from blockchain hurdles. Hedera, an open-source, leaderless proof-of-stake network, is set to compete with blockchain giants like Ethereum (ETH) in deploying stablecoins with a new toolkit.
Following the sharp recovery from $0.040, the HBAR coin price resulted in a rising channel pattern. Reaching the height of $0.075, the overhead supply pressure led to a sharp negative turn within the channel, leading to a bearish breakout. The breakdown rally falls to the $0.045 mark while making multiple bearish candles.
Hedera Hashgraph (HBAR) has unveiled a new product aimed at financial services companies. In a statement, the developers launched Stablecoin Studio, a suit of products that will help these firms launch and scale their stablecoins. Stablecoin Studio has all the features that financial firms and other enterprise customers need to build these coins.
Hedera, a decentralized, open-source, proof-of-stake public ledger, on Wednesday announced the launch of open-source stablecoin issuance and management toolkit “Stablecoin Studio.” It will provide an all-in-one stablecoin tool for Web3 platforms, institutional issuers, enterprises, and payment providers to utilize Hedera Network services to quickly configure, issue, and manage exclusive stablecoins on the Hedera network.