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In the ever-changing world of financial communication, ISO 20022 stands out as a crucial standard that creates a common financial language and structure. Including cryptocurrencies in this standardized system is a big step towards making them globally accepted and compatible with traditional financial systems.
Indicators Show Growing Interest in HBAR Amid Bullish Trend. Hedera Gains from the Recent Market Rally, with Bitcoin Surpassing $35K.
Hedera Hashgraph (HBAR) records solid recovery, overcoming the resistance mark at $0.52 following a more than 10% price increase within the past seven days. Notably, indicators display increasing demand for HBAR amidst the bullish stance. Hedera benefited from the latest broad market rally, which saw Bitcoin climbing past $35K.
Hedera traders had every reason to celebrate as HBAR posted some significant gains. However, will sellers force the altcoin to retest a new support before the bulls can continue on their bullish journey?
Hedera's latest development has the potential to push the network ahead of its competition as well as pave the way for other high profile tokenization opportunities. But where does HBAR lie amid this development?
As Bitcoin retreats from $35K, the buyers hold the uptrend above $34K and tease to prolong the uptrend with a new breakout. In a ripple effect, altcoins like the Hedera (HBAR) coin price take a bullish route to sharp recovery.
These cryptos to buy have the potential to become the next Bitcoin based on their ability to integrate with the evolution of fintech.
Top Analysts Predict More Gains in the Coming WeeksAmid Bitcoin's recent revisit to the $30k mark; the altcoin market is surging with bullish momentum. The fear that gripped most crypto traders has subsided significantly, thanks to the Uptober crypto narrative and increased demand from institutional investors.
Ripple, led by its cryptocurrency XRP, is at the forefront of blockchain innovation, with a mission to reshape the global financial transaction landscape. Unlike traditional blockchains, Ripple uses the Ripple Protocol Consensus Algorithm (RPCA), a unique way to make fast and efficient transactions among trusted nodes, avoiding energy-intensive mining.
In a remarkable turn of events, the Hedera Network has surged forward to set a new standard in the blockchain industry, marking an impressive milestone in the third quarter of 2023. With an astonishing 99 million daily transactions, the network has showcased a substantial and consistent growth in transaction activity, making it a standout in the evolving landscape of blockchain technology.
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.
