Amid this massive price decline, Hedera's native token, HBAR, has reached a crucial support level, creating a make-or-break situation for the asset. In the past two weeks, the token has witnessed a notable price drop of over 25% and has reached a level where it has historically experienced price reversals.
Hedera's native cryptocurrency, HBAR, recently experienced its first major spot inflows in over ten days. The $2.46 million influx into the market has managed to boost the price of HBAR by 2% in the last 24 hours, aligning with broader positive trends across the crypto market.
Ethereum price has been a major laggard in the crypto market this year as it remains in a technical bear market. While ETH typically rebounds in February, investing in quality Ethereum rivals may be a good option to generate strong returns and diversify a portfolio.
HBAR remains in a corrective phase. If the correction completes, Wave 5 could extend above $0.45.
More than 75% of ALGO's active addresses are at the money, denoting $0.38 as a key support or resistance level depending on where the price is.
Hedera (HBAR) price rose alongside other top cryptocurrencies as Bitcoin reclaimed the $102K level. The bounce in HBAR price reflected the broader optimism in the crypto markets following the DeepSeek AI driven sell-off. However, the gains for Hedera also came amid news of a fresh partnership between The Hashgraph Group and KPMG in India.
Cryptocurrencies created in the USA could be exempt from profit taxes. This means good news and possible ATH for Ripple, Hedera (HBAR), and the new altcoin DTX Exchange.
The crypto market is expected to see major movement, with several undervalued coins set to join the $1 club. Rexas Finance (RXS),
Story Highlights The current price of Algorand is . The Algorand price could reach a maximum of $0.89 in 2025. This altcoin may reach a high of $5.68 by 2030. The Algorand price has surged >250% in valuation in Q4 2024.
Hedera's HBAR has recorded its first significant spot inflows in the past ten days, with $2.46 million entering its markets on Tuesday. This has driven the altcoin's price up by 2% over the past 24 hours, riding the wave of a broader market recovery.
Cryptocurrencies traded in the red today as China's DeepSeek dumbfounded the US tech industry. The altcoin space suffered the most, with AI tokens leading the downside. However, HBAR attracted attention as it slipped back into a prolonged consolidation range. Hedera plunged from a daily high of $0.34 to the $0.29 low.
Solana price crashed on Monday, mirroring the performance of other cryptocurrencies. The drop is also because of the stock market sell-off after the DeepSeek success and the potential for a hawkish Fed.
HBAR's price action has left investors cautious after the altcoin failed to break out of a two-month-long consolidation phase. This resulted in HBAR falling back into its prior range, disappointing hopes of a sustained rally.
Bitcoin (BTC) witnessed a sudden slump late on Sunday as the price plummeted from around $105,000 to an intraday low of $100,905. The flagship cryptocurrency is struggling to recover and is trading around $101,400, having dropped over 3% over the past 24 hours.
Hedera's blockchain network experienced a dramatic increase in transaction volume, with figures rising by an astounding 10 times. This growth, which has caught the attention of investors and analysts alike, can be attributed to several key factors, including the rising global demand for stablecoins and a strategic partnership that could propel Hedera into a central role in the future of digital finance.
A look at why Hedera HBAR's prospects continue to improve as the global stablecoin market cap balloons.
HBAR has remained in a prolonged period of consolidation, with limited growth over the last two months. Its repeated attempts to break out of the $0.40 resistance level have failed, dampening trader sentiment.
Algorand has unveiled the most inclusive staking reward program, offering payment to validators in real time.
Hedera (HBAR) price is up 11% in the last 24 hours, with its market cap reclaiming the $13 billion threshold and trading volume surging by 78% to $745 million. Technical indicators suggest that HBAR is in the early stages of a potential uptrend, as its ADX has risen to 13.97, signaling improving momentum.
Algorand, a prominent blockchain platform, has reached a significant milestone by expanding its validator node network to 3,702. This represents a remarkable 74% growth since mid-December 2024, positioning Algorand as the second-largest Layer 1 blockchain in terms of validator nodes.
Solana (SOL) joined Hedera (HBAR) as a top performer, gaining 4.8% from Thursday.
Hedera (HBAR) has emerged as a standout performer in the current market cycle, demonstrating resilience and strength even amid uncertainty and volatility. After reaching a multi-year high last Friday, HBAR experienced a sharp correction, dropping over 22%.
Algorand (ALGO) announced that the staking rewards program went live on the blockchain post a major consensus upgrade this week and the ALGO token soared by almost 5% in 24 hours.
Algorand, a proof-of-stake blockchain network, has introduced a new staking rewards program to incentivize validators. This development follows the network's recent upgrade to its consensus mechanism, adding new capabilities for participants.
Algorand (ALGO), the Layer 1 blockchain that has gained attention for its scalability and efficient consensus mechanism, has seen impressive growth in its Total Value Locked (TVL) over recent months. The TVL more than doubled from $70 million in October 2024 to $164 million, signaling an uptick in decentralized finance (DeFi) activity on the network.
Proof-of-stake blockchain network Algorand has announced that staking rewards are now live, offering real-time block reward payouts to validators.
Algorand's price moved sideways this week, mirroring the performance of most altcoins following Donald Trump's inauguration. Algorand (ALGO), a top layer-2 network, was trading at $0.4165, about 16% below its highest level last week.
The revolution of sustainable energy in Italy
The crypto market has registered a substantial decline, with nearly all cryptocurrencies trading in the red. Bitcoin (BTC) is down almost 4% over the past 24 hours and has dipped below $105,000 to trade around $102,550.
Hedera Hashgraph price formed a double-top chart pattern, pointing to an eventual pullback as the recent rally lost momentum. The HBAR token retreated to $0.3200 on Thursday morning, down by about 20% from its highest level this year.
Data from Coinalyze underlined the downtrend of both the Open Interest and the spot CVD over the past 24 hours.
Bitcoin (BTC) has gained nearly 3% over the past 24 hours, approaching its all-time high at one point as the Trump administration completed its first day in office. Markets were choppy but stabilized after the United States Securities and Exchange Commission unveiled plans to overhaul rules and regulations for the sector.
Hedera (HBAR) is in the spotlight as it shows promising signs of a potential 22% price rally, possibly reaching its all-time high of $0.465. Despite recent bullish momentum, there are key factors, including bearish sentiment among traders, that may impede HBAR's progress.
Italian green energy company Enel Group has entered the tokenization market to launch fractional ownership of solar panels on the Algorand blockchain. The tokenised product was developed as a part of a collaboration between Enel Group and cryptocurrency wallet provider Conio, a January 21 post from the Algorand Foundation said.
This new initiative gives Italians the opportunity to own a portion of solar farms. They can use this ownership to offset their energy bills.
Recent exchange outflows of $13.9 million in HBAR tokens and technical indicators suggest potential price appreciation
Enel and wallet provider Conio's tokenization initiative lets Italians offset energy bills via partial ownership of solar farms on Algorand.
HBAR could soon rally by 22% and reach its all-time high of $0.465, but roadblocks remain.
CoinGecko has launched a new category of cryptocurrencies dubbed “Made in USA” ahead of the US Inauguration Day. The announcement, made on January 20 via a post on X, is seemingly its latest initiative to spotlight US-affiliated crypto projects as Donald Trump begins his second term as US President.
Hedera's native token, HBAR, is poised to continue its upward momentum as it has formed a bullish price action pattern on the daily time frame. Today, January 20, 2024, the overall cryptocurrency market appears to be confusing, with some assets witnessing massive upward rallies while others struggle to gain momentum.
TL;DR The partnership aims to integrate HBAR and the Hedera Token Service (HTS) into Taurus' platform, expanding its global reach. The collaboration will offer secure custody, staking, and asset tokenization solutions for financial institutions in key sectors.
The partnership of the Hashgraph Association with Taurus comes at a time when digital assets are booming in Europe, Asia, and the Middle East, and Africa.
BNB and HBAR both present intriguing Elliott Wave structures, with Fibonacci retracements and RSI indicators highlighting exciting potential reversals. This analysis explores critical levels, trend confirmations, and anticipated market outcomes.
Bitcoin (BTC) surged to a new all-time high earlier today, surpassing $105,000 to reach $109,350 as the US readies for Donald Trump's inauguration. BTC has risen nearly 4% over the past 24 hours as optimism in the markets builds ahead of the inauguration.
The Hashgraph Association has partnered with Taurus to advance secure custody, staking and tokenizing Hedera's HBAR cryptocurrency globally.
Algorand price rose more than 20% as the overall crypto-bullish sentiment seeped into the layer-1 blockchain's ecosystem. The ALGO token traded to highs of $0.47, the highest price level since Dec.10, 2024, when bears pushed bulls over the edge. After trading to lows of $0.32 in early January, Algorand price retested the crucial $0.
Hedera (HBAR) has seen a notable price increase, climbing 5% over the past 24 hours and an impressive 37% in the last week. This surge is coupled with robust trading volume, surpassing $2 billion in the last 24 hours, highlighting the growing market interest and strong upward momentum behind HBAR.
The value of Hedera's HBAR has surged 27% over the past week. This rally comes after the altcoin broke out of a consolidation range it had traded within for several weeks.