CandleFocus Hedera (HBAR) Eyes $14 Billion Market Cap Comeback After Brief Decline
2024-12-24
Author: Content Editor
The market cap of Hedera's cryptocurrency, HBAR, is expected to rebound towards its all-time high of $14 billion. Despite a recent decline in price, indicators suggest that HBAR could recover and regain investor confidence. The altcoin's market cap was at its highest in December but has since fallen, although most of the decline is linked to the decrease in price rather than circulation supply. The recent surge in HBAR's price and the rise in its social dominance indicate growing interest and attention in the asset. Technical analysis also points to the formation of a bull flag pattern, suggesting a potential upward price trend. However, the altcoin's value could also drop if selling pressure increases.
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