Hedera (HBAR) has experienced a significant rally, reaching a three-year high of $0.369 and gaining over 120% in the past seven days. This surge has led to a market cap of over $12.78 billion and monthly gains of almost 600%, making it a top performer among the 100 largest cryptocurrencies. The rally has been attributed to a partnership with SpaceX to integrate Hedera's blockchain technology into space missions, as well as its role in the Federal Reserve's FedNow payment network. The potential for a Hedera-focused exchange-traded fund and increased interest from whales and retail investors have also contributed to the price momentum. Technical indicators suggest that the bullish trend will continue, with a potential target of $0.40 and even $0.576 according to one analyst.
- Content Editor ( crypto.news )
- 2024-12-07
? Hedera hits 3-year high, monthly gains near 600%