Hedera Price

What is Hedera (HBAR)?

Hedera Hashgraph is a public distributed ledger technology (DLT) that allows companies to create secure and decentralized applications. The platform was developed by Dr. Leemon Baird and Mance Harmon in 2018. It uses a unique consensus algorithm called hashgraph to achieve a high level of scalability and security.

Hedera Hashgraph’s native cryptocurrency, HBAR, is used to power the network and pay transaction fees.

HBAR price and market cap

HBAR is the original cryptocurrency of Hedera Hashgraph platform. It is used to pay transaction fees and create incentives for network participants.
The current price of HBAR is $0.0482228 with a market capitalization of $1,780,738,075 as of September 7, 2024.

Hedera Hashgraph price history

Hedera Hashgraph was launched in 2018, and the price has been on a roller coaster since then. The price started in September 2018 at around $0.03 and reached an all-time high of $0.569229 on September 15, 2021. The price then fell to a low of $0.0098611 on January 2, 2020 before returning to its current price of $0.0482228.

Factors affecting the HBAR price

Several factors can influence the price of HBAR. The most crucial factor is the demand for cryptocurrency. As more and more people use the Hedera Hashgraph platform, the need for HBAR is increasing, which can increase the price.

Another factor that can affect the price of HBAR is the supply of the cryptocurrency. Hedera Hashgraph has a solid collection of 50 billion HBAR tokens, and inflation is low, which can help preserve the value of the cryptocurrency.

Where to buy HBAR

HBAR can be purchased on various cryptocurrency exchanges, including Binance, Coinbase and Kraken. To buy HBAR, you must create an account on one of these exchanges and complete the necessary verification steps.

HBAR price predictions

Predicting the future price of HBAR is a challenge due to the cryptocurrency market’s volatility. However, the price of HBAR may rise if more companies adopt the Hedera Hashgraph platform.

Hedera Hashgraph vs. other cryptocurrencies

Hedera Hashgraph is often compared to other cryptocurrencies such as bitcoin and ethereum. However, the platform is designed to solve some of the scalability and security issues these cryptocurrencies face.

Conclusion

Hedera Hashgraph is a distributed ledger technology that provides fast and secure transactions. The platform’s native cryptocurrency, HBAR, powers the network and pays transaction fees. While the price of HBAR has been volatile, some analysts believe that the cryptocurrency has strong growth potential in the future.