Hedera Hashgraph (HBAR) is currently priced at $0.16074, with a 24-hour trading volume of $5.03 million. The token has recorded a 24-hour price increase of 3.39% and a weekly gain of 11.81%. With a circulating supply of 42.39 billion HBAR, Hedera holds a market capitalization of $6.78 billion, ranking #17 among global cryptocurrencies.
Understanding Hedera Hashgraph (HBAR)
Hedera Hashgraph is a decentralized public network designed to offer a faster, more secure, and energy-efficient alternative to traditional blockchain platforms. Its native cryptocurrency, HBAR, fuels network operations, including transactions, smart contracts, and file storage.
Key Features of Hedera Hashgraph
Hedera stands out due to its unique technological advantages and governance model:
- High Performance: The network processes over 10,000 transactions per second, significantly outperforming earlier blockchain systems like Bitcoin and Ethereum.
- Low Transaction Fees: Hedera maintains extremely low costs, averaging about $0.0001 per transaction.
- Fast Finality: Transactions achieve finality within 3–5 seconds, ensuring quick settlement.
- Energy Efficiency: Utilizing a proof-of-stake consensus mechanism, Hedera consumes substantially less energy than proof-of-work networks.
- Governance: The Hedera Governing Council, composed of leading global organizations like Google, IBM, and Boeing, provides oversight and ensures network stability.
Current HBAR Market Performance
Here’s a breakdown of HBAR’s recent price movements:
| Time Period | Price Change | Percentage Change |
|---|---|---|
| 24 Hours | +$0.00527 | +3.39% |
| 7 Days | +$0.01598 | +11.17% |
| 30 Days | -$0.01377 | -7.96% |
| 3 Months | -$0.02759 | -14.78% |
HBAR Exchange Rates
HBAR can be traded against various global currencies. Key exchange rates include:
- 1 HBAR = $0.16074 (USD)
- 1 HBAR = €0.13663 (EUR)
- 1 HBAR = ¥23.25 (JPY)
- 1 HBAR = £0.11767 (GBP)
Is Hedera Hashgraph (HBAR) a Good Investment?
Evaluating HBAR as a potential investment requires understanding its value proposition. The network's high throughput, low costs, and enterprise-grade governance make it a competitive player in the distributed ledger space. These features position HBAR as a potentially attractive asset within the evolving digital economy.
However, like all cryptocurrencies, HBAR is subject to market volatility, regulatory changes, and broader economic factors. Investors should conduct thorough research and consider their risk tolerance. 👉 Explore more investment strategies
Factors Influencing HBAR Price Prediction
Several variables can impact future HBAR valuations:
- Market Demand and Supply: Increased adoption of the Hedera network drives demand for HBAR. Its fixed total supply of 50 billion tokens introduces scarcity dynamics as more tokens enter circulation.
- Technical Developments: Network upgrades that enhance speed, security, or scalability can positively influence investor sentiment.
- Strategic Partnerships: Collaborations with well-established organizations boost credibility and can lead to increased usage and demand.
- Market Sentiment: Positive news and social media trends often drive buying interest, while negative events can trigger sell-offs.
- Macroeconomic Conditions: Broader trends like inflation rates and global financial stability significantly impact the entire cryptocurrency market.
How to Stake HBAR on Hedera
Staking HBAR supports network security and allows holders to earn rewards. Follow these steps to get started:
- Set Up a Wallet: Use a compatible wallet like HashPack or a Ledger hardware device.
- Fund Your Wallet: Transfer HBAR to your chosen wallet.
- Choose a Node: Navigate to the staking section in your wallet and select a consensus node.
- Confirm Staking: Confirm the transaction to begin staking your tokens.
- Manage Rewards: Rewards accumulate automatically and are distributed when certain actions, like transferring HBAR, are performed.
Important Staking Notes
- Rewards are set by the Hedera Governing Council and are subject to change.
- Rewards can accumulate for up to 365 days without requiring a claim trigger.
- After 365 days, you can only collect rewards earned within the most recent 365-day period.
Frequently Asked Questions
What is the all-time high for HBAR?
Hedera Hashgraph reached its all-time high price of $0.57014. The current price is down approximately 71.81% from this peak.
What is the all-time low for HBAR?
The token's lowest recorded price was $0.01001. The current price represents an increase of over 1,505% from that point.
What is the circulating supply of HBAR?
As of the latest data, the circulating supply is 42.39 billion HBAR. The maximum supply is capped at 50 billion tokens.
How is HBAR's market cap calculated?
Market capitalization is calculated by multiplying the current circulating supply by the latest market price of HBAR.
Is HBAR an ERC-20 token?
No, HBAR is the native cryptocurrency of the Hedera Hashgraph network. However, it can be wrapped into an ERC-20 token (wHBAR) to enable interoperability with Ethereum-based dApps and DeFi platforms.
How do I store my HBAR securely?
You can store HBAR in a variety of wallets. Options include exchange-based custodial wallets, self-custody software wallets (web, mobile, desktop), hardware wallets, and even paper wallets for cold storage.
How can I convert my HBAR to cash?
To convert HBAR to fiat currency, you typically need to use a cryptocurrency exchange that supports HBAR trading pairs with your local currency. After selling your HBAR on the exchange, you can withdraw the funds to your linked bank account.