The price of Hedera Hashgraph has surged to its highest level since May 21st and is poised for further gains, as it forms a golden cross pattern on the charts. Hedera Hashgraph is a layer-2 network aiming to become a major player in the blockchain industry, with faster transaction speeds and lower costs than Ethereum. The network has gained popularity among corporates, with companies like Tata and Boeing being part of its governance council. The recent price surge is attributed to the Hello Future hackathon and an application for a Hedera Hashgraph Exchange-Traded Fund (ETF) with the SEC. However, there are concerns about the network's success in the industry, as it has a smaller total value locked and lower trading volumes compared to other players. Additionally, Hedera Hashgraph has not attracted meme coin creators like Solana has. Despite these concerns, the token price is bullish and is expected to reach $0.18, a 60% increase from its current level.



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