Hedera Hashgraph is a public distributed ledger technology (DLT) that allows users to interact and transact online in a more efficient and secure way without the need for third-party companies. Like all the other DLT networks, Hedera Hashgraph also needs a cryptocurrency to function. Hbar is the native cryptocurrency of the Hedera network.
Hedera Hashgraph was launched in July 2017, and since then, the prices have achieved numerous milestones love the years. For example, the prices hit an all-time high of $0.57 in September of 2021 and an all-time low of $0.01 on January 2, 2020. Below is a table highlighting some of the crypto’s price history and milestones.
| Date | Milestone | Price |
|---|---|---|
| Sep 16, 2021 | All-Time High | $0.5701 |
| Jan 02, 2020 | All Time Low | $0.01001 |
| 52 Week Low | 52 Week Low | $0.1046 |
| 52 Week High | 52 Week High | 52 Week High |
| Hedera ROI | Hedera ROI | 80.74% |
| Market Cap | Market Cap | $4,243,497,841.55 |
Hedera Hashgraph project has found support from big tech companies such as Google, IBM, Chainlink Labs Boeing, LG and Deutsche Telekom. Today, there are over 17 companies involved in the Hedera Governing Council, a body that is charged with overseeing the governance of the platform. This support from large companies has ensured that the project is well adopted by other projects in the cryptocurrency space. Hedera Hashgraph is currently used in projects that deal with Token services, Consensus services and smart contract services.
My Hedera Hashgraph price prediction shows that the cryptocurrency will hit the $0.34 resistance level. This is based on the prices’ current and historical price action as seen in the Hedera Hashgraph daily price chart below. Today, the cryptocurrency opened the markets trading at $0.210 and is currently trading at $0.216, a 3.25 percent increase. The prices have also been trading within the long-term support and resistance levels of $0.18 and $0.34. The prices hit the support levels recently and showed signs of aggressive upward move before the trend slowed down.
However, looking at the RSI indicator, a small upward divergence shows that the prices are still looking bullish, and the current bearish move may be coming to an end. Therefore, i expect the prices to trade at $0.34 in the coming days. However, if the prices reverse and start approaching the support level, then my trade analysis will be invalidated. It will also mean the prices will continue to drop.
Based on recent price gains and the technology underlying the project, my expert opinion is Hedera is a great investment. Also, my price prediction indicates that I expect the cryptocurrency price to hit $0.34 which is a 56% return on investment.
This post was last modified on Feb 28, 2022, 12:44 GMT 12:44