CandleFocus AI predicts Hedera (HBAR) price for year-end
2024-12-02
Author: Content Editor
The wider cryptocurrency market experienced a strong bull run in November, with traders hoping for Bitcoin to cross the $100,000 mark. Altcoin season has also begun, with investors flocking to smaller market cap cryptocurrencies. Hedera (HBAR), the 19th largest cryptocurrency, has seen an impressive rally with significant gains in price. However, there are questions about whether this momentum can be sustained. An AI model has identified several factors that could affect HBAR's performance, including its consensus mechanism, scalability, partnerships, collaborations, and the potential for an HBAR ETF. On the bearish side, regulatory uncertainty, an increase in circulating supply, decline in new account creation, and competition from other networks were mentioned. The AI model set two price targets, with HBAR potentially reaching $0.35 in a bullish scenario and crashing to $0.15 in a bearish scenario.
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