Hedera hashgraph is a cryptocurrency network that allows you to create a marketplace for people to offer their goods and services. The Hedera coin, therefore, facilitates the transfer of digital currency for goods and services.
The Hedera Hashgraph platform is a proof-of-stake public distributed ledger with a neutral consensus mechanism that aims to harness the full potential of distributed technology. The project strives to apply a combination of a “path to permissionless” (network nodes) and a “path to widespread coin distribution” (HBAR cryptocurrency) to keep the network secure while working toward full decentralization.
Hedera is a leading player in the crypto space with a strong base of community members. The Hedera coin has grown so fast that many crypto market enthusiasts believe it can hit $15.28 with an average price of $11.92, while others say bearishness may bring the minimum price to $8.09.
- The price of Hedera Hashgraph has dropped by 90% since its all-time highs.
- A downtrend is accompanied by several bullish divergences, accompanied by low volume.
- The Crypto community could see a whole new sector catalyzed by the release of Hedera Guardian by HBAR.
There is a possibility that the Hedera Hashgraph price is near its bottom. A number of key levels have been identified.
The HBAR price may be near its lows
The Hedera Hashgraph (HBAR) is a digital asset investor that should watch closely. The market value of the smart contract token has increased by 90% since September. There have been very few pullbacks for the bears during their steep decline. However, recent technical indicators suggest that the bears are loosening their grip. If market conditions persist, a sharp countertrend rally or true bull run could occur.
A $0.05 auction price is currently being offered for HBAR. It appears that the downtrend may weaken as the volume profile indicator shows a persistent tapering effect. In addition, the Relative Strength Index has moved above supportive territory again. A stair-step-like ascension has been observed on the RSI before sharp crypto rallies. There is a divergence between recent and higher lows made in July and August.
HBAR USDT Chart: 1-Day
Hedera has made significant progress against it in the carbon emissions sphere as a result of the signals. Earlier this month, the White House issued an executive order with concerns about cryptocurrency mining and its impact on carbon emissions. As a solution for energy consumption, Hedera proposes Renewable Energy Credits (RECs).
In Hedera’s opinion
“In some cases, REC’s can be treated as carbon offsets, although the two concepts are separate. REC’s are tradable, non-tangible assets that represent one megawatt-hour of green energy.”
One Planet is Hedera’s carbon-neutral ledger that will make transactions public on the blockchain.
With Hedera Hashgraph, you will be able to differentiate yourself from all other cryptocurrencies. Their innovative work in climate protection may lead to an entirely new sector in the crypto market. HBAR is not a lock for a bull run at the moment, but investors should keep an eye out for a bull run if all these factors come together.
HBAR price action is analyzed in the following video by one of our analysts, analyzing key levels of interest in the market.
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