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HBAR Crypto News: Despite a broad market downturn for the vast majority of cryptocurrencies, Hedera (HBAR) is making headway with considerable gains. The performance of the company distinguishes it from the rest of the crypto market and has attracted the attention of investors, who are interested in knowing whether or not the company can sustain The post Will This Recent Development Take Hedera (HBAR) Price Past $1?

After witnessing a massive crypto crash in 2022, the present year is something all crypto investors have been waiting for. From meme coins like Shiba Inu and BONE to AI-based crypto coins like SingularityNET, many altcoins saw an impressive bounce back.

On February 11th, the Hedera coin price escaped from a three-week-long consolidation phase with a breakout of $0.077 and $0.083 horizontal resistance. This breakout offers coin buyers some new support levels to bolster further growth.

Hedera [HBAR] has been one of the most bullish cryptocurrencies so far in February 2023, during which it built on its January gains. This was unlike most top digital coins, which saw significant weakness and profit-taking.

$HBAR, the native crypto asset of the Hedera Hashgraph distributed ledger technology (DLT) project has posted a 29% price surge.

Hedera's native token, HBAR, is currently in the green, while its counterparts in the crypto market are flat or recording losses on high timeframes. On-chain data shows the coin has been witnessing impressive performance this year.

The hedera hashgraph price has jumped by 6.5% in the past 24 hours, reaching $0.086379 following the news that the Hedera blockchain has processed over four billion transactions to date. This level represents a 27% gain in a week and a 61% surge in the last 30 days, with this rally also caused in part by Dell's joining of the Hedera Governing Council.

Despite a general market decline for the majority of cryptocurrencies, Hedera (HBAR) is making strides with notable gains. Its performance sets it apart from the rest of the market and has garnered the attention of investors with a focus on whether it can hold the gains.

BTC price could remain range-bound in the near term, but MATIC, HBAR, LDO and BIT could continue higher.

Hedera faced a 93.8% drawdown from its peak at $0.576 in November 2021 to its lows at $0.0356 in December 2022. Since reaching this low, the price has found steady demand.

Hedera's [HBAR] impressive performance could slow down. The asset has been posting double-digit rallies for the last 30 days.

HBAR Crypto News: The price of Hedera (HBAR) has been highlighted as one of the top cryptocurrencies this week due to witnessing a significant price increase while avoiding the crypto market's gloomy downturn. If the current market conditions hold, the HBAR price may continue its upward trajectory towards more desirable levels of liquidity.

After a rather explosive start to 2023, the crypto market seems to be undergoing a general price correction, with several assets recording losses over the last week. During this period, the total crypto market cap has decreased by 7.17%, falling off the $1 trillion mark.

The crypto market has responded to the SEC's latest push against crypto staking by lending favor to the bears. Most of the top cryptocurrencies were discounted in the last 24 hours.

The Hedera coin price is one of the few cryptocurrencies witnessing strong gains today. While the majority of the coins go south, the HBAR's daily chart shows the buyers are making an escape from the last three-week consolidation through a $0.075 resistance breakout.

The Hedera Governing Council announced Dell Technologies is the latest company to join the Council “to help organizations explore distributed ledger technology (DLT).

Computer manufacturer Dell has become a member of the Hedera Governing Council to develop decentralized applications to help its customers with their blockchain and Web3-related ventures. Hedera's HBAR token spiked higher on the news.

On 7 February, Hedera [HBAR] confirmed that it secured tech giant Dell as its newest addition to its governing council. The latter already contains other industry heavyweights such as FIS and Google, among others.

The tech giant Dell Technologies Inc. will be joining the governing council of the distributed ledger company Hedera Hashgraph LLC.  Dell Exploring DLT According to the team at Hedera, tech giant Dell is going to step into the company's governing council in order to gain access to distributed ledger and Web3 technologies.

Dell Technologies has become the latest member of the Hedera Hashgraph (HBAR) governing council to enable the former to explore distributed ledger technology (DLT) use cases and more.

Amid the recent uncertainty in the crypto market, the Hedera coin experienced a brief period of consolidation where it revealed the formation of a double bottom pattern. This pattern is one of the famous bullish reversal patterns where double bounced back from the same level indicating the strong accumulation of buyers.

Key Points: Dell will join Google, FIS, and Abrdn on the board of directors of the corporate network Hedera, a distributed ledger system that leverages a hashgraph consensus method. Dell will run a consensus node as part of the governing council, which will determine transaction sequencing.

New data on 7 February revealed a decline of 53% in transactions on the Hedera [HBAR] network. However, this did not hamper the network's growing activity.

HBAR Crypto News: The Hedera Governing Council consists of up to 39 highly diversified organizations governing the Hedera network, which runs on its proprietary hashgraph technology. Hedera welcomed its newest member on February 7, with the multinational technology company Dell becoming the 28th member to join the council.