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The leading US-based cryptocurrency exchange Coinbase has added Hedera (HBAR), an Ethereum rival, to its list of supported digital assets. According to Coinbase, the most popular enterprise-grade public network for decentralized applications has a currency already operational on its platforms.
Top US-based crypto exchange Coinbase is adding Ethereum challenger Hedera (HBAR) to its roster of supported digital assets. Coinbase says that the token of the most widely-used enterprise grade public network for decentralized applications is already live on its platforms. “Hedera (HBAR) is now live on Coinbase.com and in the Coinbase iOS and Android apps.
Coinbase, one of the world's leading cryptocurrency exchanges, recently announced that it will re-enable withdrawals and deposits for HBAR. HBAR, the cryptocurrency for the Hedera network could benefit from this development in the short term.
What is Hedera, and why are investors singling this token out today?
A bullish reversal from the $0.056 support hints at the formation of a double-bottom pattern. Moreover, this bullish pattern is quite well known at the market bottom and bolsters a strong bullish rally upon the breakout of its neckline resistance.
Quant continued to trade close to an eight-month high on Wednesday, as prices of the token rose for a second straight day. Hedera was another notable mover in today's session, as it rose by as much as 11% earlier in the day. Overall, crypto markets are marginally down as of writing.
Hedera (HBAR) is a leading cryptocurrency project focused on creating an energy-efficient layer-1 blockchain fit for enterprise purposes. Now, the price of HBAR has risen by an impressive 8% in a single day. Could this be the momentum needed to push HBAR to $1?
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
The top cryptocurrency by Twitter followers is, ETC, NEAR, QNT, TUSD, and HBAR. Near Protocol has more than 6K Twitter
Hedera [HBAR] was subject to a 8% price rise from $0.055 to $0.608 in the past week, thanks to a social push from its community. According to LunarCrush, HBAR had over 200 million social engagements, with 44,346 mentions and 418 active contributors.
The bull cycle within the descending triangle pattern encourages buyers to hit the $0.0622 resistance. Until the price action remains trapped in this pattern, the altcoin will continue to walk sideways.
HBAR's price shows the market a glimpse of bullish hope as the price broke out of its long-range movement with strong volume. HBAR trades above key resistance as price breaks out of range holding above 8 and 20-day EMA.
Hedera shows lots of potential, despite some major hiccups lately. Investors will be better equipped if they examine some key data before acquiring HBAR.
Legacy investment management firm, Abrdn has joined the Hedera Governing Council as it looks to deepen its foothold in the digital currency and blockchain ecosystem
abrdn plc, a global investment company based in Scotland that reports £508 billion in assets and 5000 employees, has joined the Hedera Governing Council. According to Hedera, abrdn will move to make Hedera the technology of choice for investment fund tokenization.
U.K. investment company Abrdn has joined the Hedera Governing Council to improve fund management using Hedera Hashgraph's technology. The post UK Investment Firm Abrdn Continues Crypto Push With Hedera (HBAR) appeared first on BeInCrypto.
UK investment firm Abrdn is taking another major leap into digital assets space by joining the Hedera Governing Council. The post Abrdn takes another step into digital assets with Hedera partnership appeared first on The Block.
The Edinburgh, Scotland-based company becomes the 27th member of the council that runs the Hedera blockchain-like public ledger.
Hedera's [HBAR] development activity witnessed consistent growth since November 2018 as per recent data from Santiment. The network ranked third and stood behind Polkadot [DOT] and Cardano [ADA].
This year many cryptocurrencies have taken big hits because of the bear market triggered by the terrible world economics. Tokens like Hedera (HBAR) and Tron (TRX) have been struggling to survive in the current market conditions, but it's been getting increasingly difficult to do so as the bloody chart continues to persist.
HBAR price has come under intense pressure in the past few months as concerns about its ecosystem remains. Hedera Hashgraph was trading at $0.056 on Wednesday morning, which was about 90% below its highest level this year.
Hedera Hashgraph, the sleeping giant of the cryptocurrency market was assumed to surge by a large margin with the market turning bullish. HBAR price has climbed by 1.05% over the last day to reach $0.058256. It is one of those coins that includes strong long-term technicals, prominent participants, and investors.
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
Hedera Hashgraph's price is looking poised to continue with its recent downside push in today's trading session.
