Hedera is one of the coins funded through the initial coin offering(ICO) in August 2018. Eventually, it was launched in September 2019 as open access to its mainnet. Investors were now able to buy the original token (HBAR) at an affordable price.
HBAR has greatly enabled participation in smart contracts, carrying out many transactions within a short time. Additionally, making networks more secure by using the stake method. Investors, however, are able to stake their tokens thus increasing the security of the platform.
The founders of the Hedera platform were Dr. Leemon Baird and Mance Harmon. The two worked for hand in hand whereby Dr. Leemon was the investor of the Hedera Hashgraph while Mance Harmon acted as the CEO.
Hedera marked high volatility as the bands were widening on the 5-day chart starting on 15th April. According to the MACD indicator on the 24-hour chart, the moving averages are still lollygagging along and haven’t yet crossed the signal line. Indicating a bearish trend and uncertainty of whether to buy or sell.
In the last 24 hours, Hedera has had a high of $0.2036 and a low of $0.1969.The current price of the coin is $0.2016.The technical analysis summary indicates that 3 out of the 26 indicate buy while 13 out of 26 indicate sell. In the moving average, it indicates that 2 out of 26 indicate buy from which it has a strong sell-off of 12 out of 26. The Oscilirators summary indicates a buy of 1 out of 26 and a sell of 1 out of 26.
According to YouTube Mr. Key Crypto channel. He believes that by the end of 2025 we will see a rise in the value of HBAR. Additionally, it will increase its value by a higher five dollars. In the forthcoming years, it is predicted that HBAR will make a lot of money. He estimates that by the end of the year 2025, the price of HBAR could reach and exceed 15 USD. This is a good deal to the HBAR token owners as we see by the year 2025 there will be an increase in value in the crypto market. However, it will depend on what happens at that time and how will the cryptocurrency market will perform overall.
The Hedera coin is having significant growth in the cryptocurrency world. Moreover, it is among the 50 cryptocurrencies on earth based on market value. The Hedera coin may be a worthy investment for those looking to make money in the crypto market.
Ultimately, it is good to recall that the crypto world is highly volatile and the price of the coins can either go up or down, and whether or not you should, in the Hedera coin counts on your personal goals and whether you are investing for the long run or short run. Nonetheless, the above reasons make it a persuasive choice for those aiming to invest in the coin.