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HBAR Price Prediction, Is The $1 Milestone Achievable In 2021?

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The post HBAR Price Prediction, Is The $1 Milestone Achievable In 2021? appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

Arguements among many critics tell that the emissions that cryptocurrency production involves can harm the earth. It thereby increases the Earth’s warmth. Undoubtedly mining involves using complicated computer software that consumes a great amount of power. Amidst these hassles, the market saw the advent of the Hedera Network. HBAR is the native cryptocurrency of this …

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Arguements among many critics tell that the emissions that cryptocurrency production involves can harm the earth. It thereby increases the Earth’s warmth. Undoubtedly mining involves using complicated computer software that consumes a great amount of power. Amidst these hassles, the market saw the advent of the Hedera Network.

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HBAR is the native cryptocurrency of this network. Promising to bypass the conventional cons of most cryptos in the market, Hedera Network can yield substantial cryptos without affecting the Earth, with its low bandwidth consumption. That is why it’s of great interest to most investors who are nature conscious.

Did you know that HBAR is called the green Crypto because it uses up less energy, and takes a step towards sustainability?

The Hedera Network, deemed as an eco-friendly alternative, offers other superior benefits as well. With this network and crypto, making network transactions and microtransactions is just a click away, with it’s a highly secure system.

Want to invest in an altcoin that can yield profit and sustainability? But wondering if it could be the right move now? To make your journey to the decision easy, here is a deep analysis, trends and predictions of HBAR.

Table of contents

Overview

Cryptocurrency Hedera Hashgraph
Token HBAR
Price(At Press Time) $ 0.229
Market cap $1,965,352,946
Circulating Supply 8.58 billion HBAR
Trading Volume $195,016,374
All time high $ 0.4495  March 15, 2021
All time low $0.01001 January 02, 2020

What is Hedera Hashgraph (HBAR) ?

  • The Hashgraph network was developed in mid-2010 co-founded by Leemon Bird.
  • However, the initial release happened seven years later, by July 2017.
  • The project happened for several years and was found by a company called Hedera Hashgraph, in Texas.
  • It is known for the higher transaction speeds, and statistics say that, around 10,000 transactions are possible per second.
  • And that is why Hashgraph is often referred to as a blockchain superior because all payments can happen rapidly, fairly and securely. 
  • By granting SAFT, which is a simple agreement for future tokens, the network has turned over $124 million in just three years.
  • There are more than ten crypto exchanges where HBAR can be bought, sold or exchanged.
  • Some famous exchanges include Binance, Bittrex, Paybito and OKEx.

Also Read: Polygon Price Prediction: Will MATIC Price Hit $5 By 2021?

HBAR Price Prediction 2021

The HBAR price started this year at $0.03 and stayed the same negligible for the first few days. But the price started smashing and escalated up to $0.1 the following months. Currently, it is seen sailing near $0.2. However, the bulls are expected to rally for the currency and may reach a maximum price of $1 by the end of 2021. The average price may be near $0.6. On the lower end, it may reach a price near $0.3.

HBAR Price prediction 2022

The following year is expected to see a further rise in the price figures. Predictions say that the average price at which HBAR will trade by the end of 2022 will be $1.2. It is expected that the price trends will reach a high near $1.5. If the trends get reversed the price may reach a low of $0.9

Price Prediction For The Next Five Years

The next five year predictions believe that the price movements move up the graph. From an average value of $1.2 by the end of 2022, the price is expected to move beyond $2 and reach $2.29 by the next five years. However, the lowest price the coin could see may be near $2. Also, the coin is expected to smash a new ATH of $4 in the coming years

Our Price Prediction

The HBAR price is expected to move up and reach new ATH in the coming years. We predict that by the end of 2021, HBAR may reach a price figure near $0.8. However, the $1 milestone is expected to come true by 2022. By the end of five years, the highest value may be around $4.5 and lowest price may be near $1.5. The average price would sail around a decent figure of $2.

 HBAR Market Price Predictions

Let’s now see how different platforms have predicted the price trends of HBAR.

Walletinvestor

According to their predictions the HBAR price is expected to climb the graph steadily. They believe that the coin will reach a price of $0.6 by the end of this year. After five years, the price is expected to sail near $3.2. And they strongly believe that $1 may not be easy this year.

Digitalcoinprice

They have predicted the Hedera Hashgraph price to move up the curve and reach $0.349 by the next year which is twice its current price. The highest price expected in the near future is around $1.4.

Govcapital.com

The HBAR price predictions by Govcapital say that the price is expected to reach around $0.7 by the end of this year. The price is believed to escalate and reach a new milestone of $5 in the next five years.

Also Read: Enjin Coin Price Prediction: Will ENJ Price Reach $10 By The End Of 2021?

Hedera Hashgraph Historic price sentiments

2019

The year started with a negligible price figure of HBAR and remained the same for a few months. However, by September, the closing price was seen moving between $0.03 and $0.05. The price trends were highly wavering and by the end of 2019, the price dripped and was at $0.01.

2020

The year commenced with a price of $0.01 and remained the same for the first month. However by February, the price surged and was sailing high, swinging between $0.02 and $0.07. By mid of 2020, the price was steadily moving at $0.04. But by the end of 2020, the price again dropped to $0.03.

FAQ

Is HBAR investment a profitable one?

Yes, according to trusted predictions the HBAR price is expected to rise with the coming years. The long term earning potential is around 267%.

Will HBAR price hit $1 by the end of 2021?

HBAR is expected to reach a $1 price figure by the year of 2022. But if the trends favour the coin, the $1 milestone may be achieved by the end of 2021.

Will HBAR price crash in the future?

No. HBAR price is only expected to move upwards and will not possibly crash in the future.

Is HBAR a good investment?

Hedera Hashgraph (HBAR) is considered a terrific long-term investment opportunity and probably one of the few cryptocurrencies that could generate profit in the face of a bear market or adverse economic conditions. Hedera is a good investment because its technology is superior to all other cryptocurrency.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://coinpedia.org/price-prediction/hedera-hashgraph-hbar-price-prediction/

Blockchain

How Many Bitcoin U-Turns? Goldman Sachs Now Says Bitcoin Is Not a Viable Investment

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The US multinational investment bank Goldman Sachs continues with its 180-turns on the cryptocurrency industry. After its recent interest that included filing for a Bitcoin ETF and exploring crypto as an asset class, the institutions’ latest report said virtual currencies are not a “viable investment.”

Crypto Is Not a Viable Investment: Goldman

It’s safe to say that Goldman Sachs has displayed a controversial approach to the cryptocurrency space. The latest report coming from the Wall Street giant takes it back a notch by going to its hostile policy from previous years.

Titled “Digital Assets: Beauty Is Not in the Eye of the Beholder,” it touched upon some of the most recent concerns, including high energy consumption required in the process of mining. This topic was raised in May by Tesla’s Elon Musk, who criticized BTC for using too much coal fuel.

Despite numerous reports claiming otherwise, Tesla disabled bitcoin payments citing environmental issues.

The paper also touched upon cryptocurrencies’ usage in ransomware attacks after numerous hacks transpired on US soil in recent months. After each, the perpetrators indeed requested the payments to be sent in bitcoin.


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Furthermore, the document named impending regulations as the “biggest risk to the speculative aspects of this ecosystem.” Keeping in mind all of these concerns, the bank concluded:

“After analyzing various valuation methodologies and applying our multi-factor strategic asset allocation model, we have concluded that cryptocurrencies are no a viable investment for our clients’ diversified portfolios.”

How Many U-Turns?

The mentioned-above word ‘controversial’ might not be strong enough to describe Goldman’s ever-changing views on the industry.

The institution was among the first regulated entity to launch a crypto trading desk all the way back in 2017. Yet, that came amid the parabolic price increases, and when the year-long bear market followed, Goldman halted the initiative.

In the meantime, Goldman held a conference call in which it said bitcoin is not an asset class. Bank executives repeatedly questioned BTC’s ability to serve as a reliable store of value and blasted its volatility.

Yet again, Goldman restarted the trading desk this year when, once again, prices were skyrocketing to new highs. It also filed for a Bitcoin ETF with the SEC, explored launching custody services, added BTC to its year-to-date returns report, participated in investment rounds in crypto projects, and enabled clients to trade bitcoin derivatives.

With all of that in mind, it’s not such a surprise that Alex Kruger and other crypto community members viewed Goldman’s latest U-turn as nothing out of the ordinary.

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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/how-many-bitcoin-u-turns-goldman-sachs-now-says-bitcoin-is-not-a-viable-investment/

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Blockchain

The Difference Between a Cryptocurrency Broker and an Exchange

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The post The Difference Between a Cryptocurrency Broker and an Exchange appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

There are two main ways of cryptocurrency trading: the use of a crypto exchange or the service of a cryptocurrency broker. Both methods have advantages and disadvantages. To make the right choice, it is necessary to explore the peculiarities of each of them and determine your own requirements and expectations from trading.   Although the cryptocurrency …

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There are two main ways of cryptocurrency trading: the use of a crypto exchange or the service of a cryptocurrency broker. Both methods have advantages and disadvantages. To make the right choice, it is necessary to explore the peculiarities of each of them and determine your own requirements and expectations from trading.  

Although the cryptocurrency market is not a novelty for the world, there are still a lot of traders, including both newbies and experienced ones, who do not understand the difference between a cryptocurrency broker and an exchange. 

First, it is necessary to determine a significant difference in the very essence and purposes of both methods. 

Thus, it should be mentioned that cryptocurrency exchanges are very similar to regular exchange platforms. So, this way of cryptocurrency trading would be simple for those traders who have already worked with the exchange market. All quality cryptocurrency exchanges, such as Emirex, offer users two methods of purchasing the digital currency: to buy  a cryptocurrency for fiat and to exchange one currency for another (for example, BTC for ETH). 

So, cryptocurrency exchanges function as intermediaries. They arrange the deal and charge a fee for the service.

Meanwhile, a cryptocurrency broker is an intermediary between investors and the market. When you cooperate with a broker, you deposit funds in an intermediary’s account, and then, he/she decides what to do with your finances to bring you profits. 

Therefore, if you choose the service of a broker, you do not need to study the cryptocurrency market on your own and follow all changes. Your cryptocurrency broker will propose the best deals for you.

There are several main characteristics that differentiate the service of a cryptocurrency exchange from the support of a broker:

  • Registration and identification system
  • Account replenishment and withdrawal
  • Trading procedure
  • Security system 
  • Earnings 

Registration and Identification System 

The majority of exchanges provide quite a simple registration procedure. Traders just need to put in their email and create a password. Those platforms that work with fiat require a verification process as well. Exchanges ask for your picture with your ID, video call, pass KYC, etc. 

Brokers offer easy registration as well, but almost all of them need you to pass an identification procedure. It is important for them because their activity is regulated by authorized bodies.  

Account Replenishment and Withdrawal 

A lot of exchanges do not accept fiat for cryptocurrency trading, and those that use it, usually, charge a large commission. The commission is necessary regardless of the payment method.

Meanwhile, brokers offer you more options for replenishment and withdrawal (credit and debit cards, bank account, payment systems, etc.), and, generally, commissions are not charged at all.   

Trading Procedure 

Exchanges are great platforms for small volume trading. Moreover, exchanges are often used by holders who are interested in long-term and medium-term deals.

Broker maintenance is appropriate for large volume trading. It is quite popular among speculative traders who prefer to get profits in a short time. 

Security System 

Of course, the risk of a hacker attack is present in both trading methods. However, a broker activity is more reliable today than an exchange service because brokers are regulated by authorities.

In case of hacking and theft of funds, traders who work with brokers can expect to be compensated.

Earnings 

Exchanges engage traders with the diversity of digital currency pairs. However, such access to every proposition on the market requires traders to pay large commissions. 

From their side, brokers provide lower commissions, but they trade large sums; so, in case of an unsuccessful deal, there is a risk of losing too much. 

All in all, both methods are beneficial. It is just necessary to determine your individual interests on the cryptocurrency market. 

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://coinpedia.org/guest-post/difference-between-cryptocurrency-broker-and-exchange/

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Are Solana, KAVA, Maker, Polkadot good bets in this timeframe?

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One of the market’s top institutional investors, Grayscale, has updated its list of investments in cryptocurrencies, adding 13 new altcoins to its portfolio. From Solana [SOL] to Polygon [MATIC] and KAVA, Grayscale’s new investments have introduced an inflow to several altcoins that have rallied since the beginning of 2021. Though their addition to Grayscale’s portfolio has turned the market sentiment bullish, there are other factors driving their price rally too.

In the case of SOL, the rapidly growing ecosystem of projects makes traders bullish in the long term. SOL’s price has risen as high as $38 while trade volume dropped by nearly 40% in 24 hours. A drop in trade volume could be interpreted as an accumulation and the beginning of a price rally.

To get started with DeFi and NFT ecosystems and projects, more traders are signing up for SOL and there has been a consistent increase in the number of active traders. Additionally, several oracle networks like Switchboard are bringing feeds to the Solana Mainnet. This has increased the popularity of Solana, making it mainstream and increasing the demand across exchanges.

Source: CoinMarketCap

Similarly, in the case of KAVA, MKR, and DOT, the social volume seems to be signaling an upcoming price rally. KAVA’s top features make it rewarding for traders to accumulate since the network fees are optional and rewards are relatively high, with the same recently hitting an ATH too.

What’s more, KAVA has emerged as one of the most rewarding DeFi projects since the beginning of 2021, with the same seeing a hike in trade volume and market capitalization. The said hike is also indicative of increasing demand across spot exchanges.

Grayscale is known for exploring new potential products and this may have driven them to consider the trending altcoins of 2021. However, considering these altcoins, in particular, signals the potential for relatively high short-term ROIs. Since the beginning of 2021, the market capitalization of these altcoins has increased consistently.

In the past week itself, the market capitalization has increased by over 20% for altcoins like DOT, MKR, and KAVA. MKR has emerged as a top volume gainer several times over the past two weeks and this makes it further lucrative for altcoin traders to buy MKR for relatively high short-term ROIs. MKR, KAVA, DOT, and SOL are likely to rally based on these metrics.


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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://ambcrypto.com/are-solana-kava-maker-polkadot-good-bets-in-this-timeframe

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