Pondering an Investment in HBAR? Three Key Points to Ponder First!
Hedera, the ultimate enterprise-grade public network, is an open-source cryptocurrency network that allows both users and developers to transact and build decentralized apps. Founders Leeman Baird and Mance Harmon launched Hedera in 2019, presenting a groundbreaking distributed ledger technology called a "hashgraph." The native token, HBAR, touched an all-time high of $0.46 in 2021.
Before diving into Hedera/HBAR investments, it's essential to ponder some critical factors.
Embracing Eco-Conscious Crypto
Hedera Hashgraph is making waves in the crypto realm, boasting exceptional stability. A notable achievement was briefly surpassing Ethereum in daily transaction volumes in 2020, reinforcing its standing.
Hedera has championed environmental sustainability, pledging to run its network on a carbon-negative basis. Every three months, an independent third-party evaluation service, Terrapass, is hired to compensate for carbon emissions, placing the environment at the heart of the company's principles.
Hedera's Journey Through Highs and Lows
HBAR was distributed through an Initial Coin Offering (ICO) in 2018, following its mainnet launch in September 2019. Trading began at $0.12, but it soon dropped to below $0.04 and maintained a downward trend throughout 2019.
The first quarter of 2020 saw relatively stable prices, but a sharp increase to over $0.08 in late February was short-lived, plunging 46% in a single day in March. Prices then crept up, reaching $0.06 in August 2020, before falling back to $0.03 by year's end. Another hype in early 2021 pushed HBAR above the $0.12 threshold, only to retreat again.
Prospective Price Predictions
Various market analysts offer predictions for HBAR's future price movements. Optimistic forecasts suggest HBAR could peak at $0.130787 in 2023, averaging around $0.116774, while pessimistic scenarios predict a bear market could drive its price as low as $0.102761 in 2023.
By 2024, potential growth is expected to catapult HBAR's price to $0.177496, with an average of $0.163483. In the grim scenario, the lowest possible cost could be $0.14947.
Further expansion is predicted for 2025, with a maximum of $0.224205, mean of $0.210193, and a minimum of $0.19618 required for a bear market.
By 2026 and 2027, the highest possible prices are expected to be $0.270915 and $0.317624, respectively, while the lowest could drop to $0.242889 and $0.289599.
As market conditions change, it's crucial to consider financial strategies, such as those offered by licensed money lenders, to effectively navigate market fluctuations.
Technology plays a significant role in Hedera Hashgraph's operations, with its groundbreaking distributed ledger technology, known as a "hashgraph," setting it apart in the crypto realm.
Investors seeking environmentally sustainable investment opportunities may find Hedera worth considering, as the company is committed to running its network on a carbon-negative basis and regularly compensates for carbon emissions.
