HBAR, the cryptocurrency of the Hedera Hashgraph network, has surged by 41% in the past 24 hours, reaching $0.24 and surpassing the $0.20 barrier. This increase in price has led to a rise in open interest in its derivatives market, which is now at an all-time high. The surge is likely linked to rumors of a collaboration between Ripple and Hedera on a global settlement standard. Furthermore, a proposal has been submitted to the SEC for the first Hedera HBAR spot ETF. The surge in open interest indicates strong market participation and confidence. The positive funding rate and the Super Trend indicator also support a bullish outlook, potentially reaching $0.30. However, a decline in momentum could result in a drop to $0.15.



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