Hedera Hashgraph Price Prediction

Investing in cryptocurrencies is an innovative way to protect your finances. After the success of Bitcoin, competing projects began to appear on the market, creating the next generation of digital currency. This is how the Hedera Hashgraph project appeared.

HBAR coin overview

Hedera Hashgraph is a third-generation cryptocurrency and a public ledger that follows in the footsteps of its predecessors, i.e. Bitcoin and Ethereum.

Essentially, Hedera Hashgraph is a platform that is considered faster and more secure than the conventional blockchains used by most other cryptocurrencies. It is a decentralized public network that can be used to make transactions in a trusted and secure environment. The hashgraph algorithm was developed and patented in 2016 by American mathematician Leemon Baird. The rights to use the algorithm belong to Swirlds company, where Baird holds the position of co-founder and a development director. Then all rights were transferred to the Hedera network to make it a publicly available distributed ledger, which would be freely used by developers, users, testers, and node owners. 

The project also offers network services (a set of APIs) for generating custom tokens, creating accounts, implementing smart contracts, and other features. These are divided into consensus and tokenization services. A fee is charged for any transaction. A specially designed SDK can be used to simplify access to the API. This can be done using popular programming languages: Java, JavaScript, Go.

Hedera uses the concept of a distributed ledger technology (DLT) and by design follows a certain sequence called directed acyclic graph (DAG). DLT is a digital system that is used to record asset transactions and stored in multiple locations simultaneously.

The term DAG is used in mathematical graph theory, where data flow has no directional cycles and does not form a closed cycle. Using this concept, Hedera’s developers have been able to achieve the highest level of security while making transactions easier to conduct.

HBAR is the platform’s own cryptocurrency and it has two roles in the Hedera Hashgraph blockchain. The first role is to fuel services such as transactions, file storage, and execution of smart contracts, and the second one is to secure the blockchain network through stacking. HBAR holders put their HBR tokens to maintain the integrity of the blockchain platform.

HBAR Price Analysis

When the HBAR was initially sold to the public through the ICO, the coin cost $0.12. HBAR began trading in September 2019, one year after the ICO at a half price of the one it was sold at the time of the ICO. But the value of the digital coin dropped below $0.03 until early 2020 when a small bullish attempt was made to get it above $0.06, although it did not reach $0.07.

HBAR maintained a price above $0.03 throughout 2020. Then, in early 2021, the cryptocurrency’s price began to surge, and the bullish trend continued until mid-March 2021 when it reached its all-time high of $0.4495. The coin unsuccessfully attempted to break its record high price in April 2021 before taking a bearish trend, which continues until today. Hedera is priced at $0.109988 USD with 24 hours trading volume of $69,381,686 USD as of May 9. The Hedera hashgraph price has declined by 14.92% in the last 24 hours. The current CoinMarketCap rating is #38, with a market cap of $2,281,307,987.00 USD. The circulating supply is 20,741,406,793 HBAR coins and the maximum supply is 50,000,000,000 HBAR coins.

HBAR Price Prediction 2023

HBAR Price Prediction’s forecast for 2023 highlights a peak of $0.49 with an average rate of $0.42.

Technewsleader anticipates that for HBAR, 2023 could end with a value of $0.77.

Changelly assumes that in 2023, the largest expected HBAR price may be around $0.49. 

Digital Coin`s HBAR crypto price prediction considers the coin price to be traded at around $0.32 by the end of 2023. 

Wallet Investor`s analysts are not so optimistic and see the HBAR price height at $0.02 by the end of 2023.

HBAR Price Prediction 2025

Pursuant to Price Prediction’s Hedera price forecast, HBAR will cross the average price level of $0.89 in 2025, aiming for a supreme price level of $1.04.

Technewsleader says HBAR could approach $1.57 in 2025.

Changelly crypto experts have analyzed the Hedera coin prices and assumed that in 2025, the ceiling can reach $1.04. 

Digital Coin analysts think that, by the end of 2025, the HBAR fee may skyrocket to $0.43.

As per Wallet Investor`s HBAR coin price prediction in the upcoming 2-3 years the coin will remain in the same range of $0.0246. 

HBAR Price Prediction 2030

Price Prediction expects that HBAR will amount to $6.46 in 2030.

Technewsleader`s HBAR price prediction 2030 states the existing probability that 2030 for HBAR may end with a topmost price of $10.94.

Changelly`s Hedera hashgraph price prediction estimates HBAR cost possible greatest peaks at $6.46. 

Where to store your HBAR coin?

Hedera Hashgraph has partnered with third-party wallet providers and exchanges that allow account holders to buy, sell and manage HBAR cryptocurrency.

The developers have listed 22 wallets on the website that accept the service coin. Among the popular options are the following:

• Abra mobile app for buying, storing, selling. Supported in around 150 countries.
• Atomic Wallet, a decentralized multi-currency wallet with built-in atomic swaps.
• D’CENT for cold storage.
• Desktop and mobile version of Exodus.
• Infinity Wallet for your browser.

If you search for the fastest and the most convenient way to create an account and purchase coins, Hedera HBAR is available for purchasing on some crypto exchanges. We highly recommend Godex, Changelly and Binance.

Hedera Hashgraph also has its own Hedera Wallet app, available on iOS and Android. 

FAQ

What will HBAR be worth in 10 years?

Technewsleader says it is likely that the price of Hedera Hashgraph will rise to $15.87 over the next 8-10 years.

For example, Changelly`s analysts are announcing their estimates that 2031 will be defined by a top HBAR price of $9.73. 

But most crypto-experts believe HBAR will easily climb to $10 per token, as Hedera’s proof-of-stake public network was designed to support many applications and was the world’s first massively adopted public distributed ledger.

Is HBAR a good investment?

It is hard to say whether Hedera Hashgraph will really become a third-generation distributed network as there are quite a few other cryptocurrencies claiming that title. However, the idea of creating the fastest, safest, and most functional network is always a hot topic for developers of decentralized applications. In terms of the number of transactions per second, the speed of Hedera is quite capable of solving the scalability problem. A large number of network nodes the system tolerates quite well too. It remains to be seen how Hedera will be implemented in real projects.

Hedera Hashgraph has fantastic long-term investment potential. It is one of the few cryptocurrencies that can generate returns even in a bear market or tough economic conditions.

Hedera is a solid investment because its technology is superior. Because of its minimal bandwidth usage, Hedera Hashgraph is positioning itself as a faster, more secure, and environmentally friendly alternative to blockchain. The prospects for Hedera Hashgraph seem enticing, but so far the system has not been explored and its applications have only been just launched. In 10 years, even the blockchain has never found mass application.

The faith in Hedera Hashgraph by large companies suggests that it should be taken as seriously as possible, and it is not another scam. But businesses have been investing in blockchain projects for several years, and we hear about new partnerships and investments all the time, but most such projects are not implemented and their tokens don’t grow in value.

In any case, the potential benefits of Hedera Hashgraph make it a very interesting project to keep a close eye on. After all, if Hedera Hashgraph is the future, it would be a shame to miss it.

Will HBAR reach 100$?

The cryptocurrency market is too volatile and the industry too unpredictable to make any particular predictions.

While anything is possible in this world, Changelly is not inclined to believe that the price of Hedera Hashgraph has a chance of reaching $100 in the near future. However, this cryptocurrency still has good long-term prospects. Its previous price action shows that the HBAR coin is likely to experience slow but consistent growth over the next few years and could even rise to $3 at least if the most optimistic Hedera Hashgraph forecast is to be believed.

Hedera Hashgraph is a superior technology distributed ledger, which has been described as the third generation successor to the conventional blockchain. The Hedera hashgraph technology is patented and the only existing ledger is Hedera Hashgraph.

The Hedera network can support a huge number of enterprise and small business applications and could become the world’s first massively adopted public DLT. Hedera’s strengths consist of performance, security, management, stability,  and compliance.

No other public distributed technology has the potential to compete with Hedera. By 2030, Hedera will be used by almost every enterprise in the world, so HBAR will easily reach $100 per token, according to some expert opinions.

Disclaimer: Please keep in mind that the content of this article is not financial or investing advice. The information provided is the author’s opinion only and should not be considered as direct recommendations for trading or investment. Any article reader or website visitor should consider multiple viewpoints and become familiar with all local regulations before cryptocurrency investment. We do not make any warranties about reliability and accuracy of this information.