HBAR is the native cryptocurrency of the Hedera Hashgraph platform. It has a fixed supply of 50 billion coins and is currently trading at $0.0561 as of 24 September 2024. HBAR has a very high chance of experiencing financial distress in the next few years of operation and has generated negative returns for investors over the last 90 days. However, it has been predicted that the value of HBAR may increase by 5% and reach $0.076162 by 2030. So, is HBAR crypto a good investment?
What You'll Learn
HBAR's price predictions for 2024-2033
HBAR is the native, energy-efficient cryptocurrency of the public Hedera network. HBARs are used to pay application transaction fees and protect the network from attack through proof-of-stake. Developers use HBARs to pay for network services, such as transferring HBARs, minting fungible and non-fungible tokens, calling smart contracts, and logging data.
The Hedera network achieves 10,000 HBAR cryptocurrency transactions per second, in a single shard and on-ledger, without compromising on network security or stability. Hashgraph consensus is incredibly lightweight, allowing for the cost per HBAR transaction to be very small, around $0.0001 USD.
HBAR Price Predictions for 2024
According to the technical analysis of Hedera prices expected in 2024, the minimum cost of Hedera will be $0.0590. The maximum level that the HBAR price can reach is $0.0668. The average trading price is expected to be around $0.0617.
HBAR Price Predictions for 2025
After the analysis of the prices of Hedera in previous years, it is assumed that in 2025, the minimum price of Hedera will be around $0.0846. The maximum expected HBAR price may be around $0.1031. On average, the trading price might be $0.0871 in 2025.
HBAR Price Predictions for 2026
Based on the technical analysis by cryptocurrency experts regarding the prices of Hedera, in 2026, HBAR is expected to have the following minimum and maximum prices: about $0.1243 and $0.1442, respectively. The average expected trading cost is $0.1277.
HBAR Price Predictions for 2027
The experts in the field of cryptocurrency have analyzed the prices of Hedera and their fluctuations during the previous years. It is assumed that in 2027, the minimum HBAR price might drop to $0.1700, while its maximum can reach $0.2111. On average, the trading cost will be around $0.1751.
HBAR Price Predictions for 2028
Based on the analysis of the costs of Hedera by crypto experts, the following maximum and minimum HBAR prices are expected in 2028: $0.2887 and $0.2408. On average, it will be traded at $0.2495.
HBAR Price Predictions for 2029
Crypto experts are constantly analyzing the fluctuations of Hedera. Based on their predictions, the estimated average HBAR price will be around $0.3556. It might drop to a minimum of $0.3431, but it still might reach $0.4271 throughout 2029.
HBAR Price Predictions for 2030
Every year, cryptocurrency experts prepare forecasts for the price of Hedera. It is estimated that HBAR will be traded between $0.4827 and $0.6077 in 2030. Its average cost is expected at around $0.4970 during the year.
HBAR Price Predictions for 2031
Cryptocurrency analysts are ready to announce their estimations of the Hedera’s price. The year 2031 will be determined by the maximum HBAR price of $0.8459. However, its rate might drop to around $0.7091. So, the expected average trading price is $0.7289.
HBAR Price Predictions for 2032
After years of analysis of the Hedera price, crypto experts are ready to provide their HBAR cost estimation for 2032. It will be traded for at least $1.05, with the possible maximum peaks at $1.22. Therefore, on average, you can expect the HBAR price to be around $1.08 in 2032.
HBAR Price Predictions for 2033
Cryptocurrency analysts are ready to announce their estimations of the Hedera’s price. The year 2033 will be determined by the maximum HBAR price of $1.83. However, its rate might drop to around $1.52. So, the expected average trading price is $1.57.
HBAR Price Predictions for 2040
Cryptocurrency analysts are ready to announce their estimations of the Hedera’s price. The year 2040 will be determined by the maximum HBAR price of $36.08. However, its rate might drop to around $29.91. So, the expected average trading price is $31.82.
HBAR Price Predictions for 2050
Cryptocurrency analysts are ready to announce their estimations of the Hedera’s price. The year 2050 will be determined by the maximum HBAR price of $51.85. However, its rate might drop to around $45.60. So, the expected average trading price is $47.22.
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HBAR's pros and cons as an investment
HBAR is the native cryptocurrency of the Hedera Hashgraph platform, which is a distributed ledger technology that has been touted as the successor to blockchain technology. As with any investment, there are pros and cons to investing in HBAR.
Pros of Investing in HBAR
Scalability and Speed
Hedera Hashgraph's underlying technology offers scalability and speed that surpasses traditional blockchain networks. It can handle thousands of transactions per second, making it attractive for applications requiring high transaction volumes.
Consensus Mechanism
Hedera Hashgraph employs a unique consensus mechanism called "Gossip About Gossip," which enables fast and secure consensus among nodes in the network. This mechanism also results in lower energy consumption and a reduced environmental impact compared to proof-of-work cryptocurrencies.
Governance and Stability
Hedera Hashgraph operates under a robust governance model that includes a council of leading global organizations across various industries. This council ensures the platform's stability and reduces the risk of centralization often associated with other cryptocurrencies.
Use Case Diversification
HBAR has potential use cases in a wide range of industries, including decentralized finance (DeFi), supply chain management, tokenized assets, and identity verification. This diversification increases the potential adoption of HBAR and its underlying technology.
Cons of Investing in HBAR
Market Volatility
Like most cryptocurrencies, HBAR is subject to market volatility and rapid price fluctuations driven by various factors such as market sentiment, regulatory changes, and technological advancements.
Competition and Adoption
Hedera Hashgraph faces competition from other blockchain platforms and cryptocurrencies. The success of HBAR depends on its ability to gain widespread adoption and establish itself as a preferred platform for decentralized applications (dApps) and enterprises.
Regulatory Environment
The regulatory landscape surrounding cryptocurrencies is constantly evolving, and changes in regulations, government policies, or legal frameworks could impact the usage and market acceptance of HBAR.
Technological Risks
As with any technological innovation, there are inherent risks associated with Hedera Hashgraph's technology. While the platform boasts impressive scalability and security features, there is always the possibility of unforeseen vulnerabilities or technological limitations.
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Hedera Hashgraph's market volatility
Firstly, historical volatility measures Hedera Hashgraph's price fluctuations based on previous trends. It predicts future behaviour but cannot conclusively determine the direction of the crypto coin. Secondly, implied volatility provides a positive outlook on future price fluctuations, suggesting the crypto will return to its initially predicted market price. This is derived from derivative instruments written on Hedera Hashgraph.
Hedera Hashgraph's beta coefficient is 2.77, indicating a large volatility of returns over the selected time horizon. The beta coefficient measures the volatility of Hedera Hashgraph compared to the systematic risk of the overall market. A beta of 2.77 suggests that Hedera Hashgraph is a risky asset that could potentially add significant risk to an existing portfolio.
The standard deviation of Hedera Hashgraph's daily returns is 12.69, indicating a high level of uncertainty or risk. The mean deviation is 5.96, and the coefficient of variation is 2069.05. These measures indicate that Hedera Hashgraph is a highly volatile asset compared to the market (NYSE Composite), with a much higher level of risk.
Hedera Hashgraph's efficiency (Sharpe) ratio is 0.0483, indicating a 0.0483% return per unit of risk over three months. This suggests that Hedera Hashgraph is abnormally risky over a three-month investment horizon.
The high volatility of Hedera Hashgraph can present both opportunities and risks for investors. Downward market volatility can benefit long-term investors who can buy additional Hedera Hashgraph tokens at lower prices, improving their portfolio's performance when the markets normalise. Conversely, high volatility can also lead to significant losses if the price moves against the investor's position.
Overall, Hedera Hashgraph's market volatility is a critical factor for investors to consider when evaluating the potential risks and rewards of investing in HBAR. While volatility can provide opportunities for investors to enter the market at favourable prices, it also carries the risk of significant price movements that can impact an investor's portfolio.
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Hedera Hashgraph's risk profile
Hedera Hashgraph (HBAR) is a peer-to-peer digital currency powered by blockchain technology. It is a native, energy-efficient cryptocurrency of the public Hedera network. HBAR is used to pay transaction fees, make payments and micropayments, and protect the network through its proof-of-stake consensus.
Volatility and Market Risk
Like most cryptocurrencies, HBAR is subject to market volatility and is currently trading at $0.0561 as of 24 September 2024, a 6.05% increase since the beginning of the trading day. Cryptocurrencies are high-risk and susceptible to errors and hacking, and investors must understand these risks before investing. Hedera Hashgraph has a very high chance of experiencing financial distress in the next few years of operation and has generated negative returns for investors over the last 90 days.
Competition and Adoption
Hedera Hashgraph offers unique features and benefits but faces competition from other blockchain platforms and cryptocurrencies. The success of HBAR depends on its ability to gain widespread adoption and establish itself as a preferred platform for decentralized applications (dApps) and enterprises. Failure to attract significant adoption may impact the long-term value and potential returns of HBAR investments.
Regulatory Environment
The regulatory landscape for cryptocurrencies is constantly evolving, and changes in government policies or legal frameworks could impact the usage and market acceptance of HBAR. Investors should stay informed about regulatory developments and consider the potential risks associated with changing regulatory environments.
Technological Risks
As with any technological innovation, there are inherent risks associated with Hedera Hashgraph’s technology. While the platform offers impressive scalability and security features, there is always the possibility of unforeseen vulnerabilities or technological limitations. Investors should assess the technical risks and consider the platform’s ongoing development and security measures.
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Hedera Hashgraph's investment highlights
Hedera Hashgraph's native token, HBAR, has several investment highlights that make it an appealing option. Here are some key highlights:
- Scalability and Speed: Hedera Hashgraph's technology provides exceptional scalability and speed. Unlike traditional blockchain networks, it can handle thousands of transactions per second, making it attractive for high-volume applications.
- Consensus Mechanism: Hedera Hashgraph employs a unique "Gossip About Gossip" consensus mechanism, leveraging a Directed Acyclic Graph (DAG) structure. This enables fast and secure consensus without resource-intensive mining, resulting in lower energy consumption and a reduced environmental impact.
- Governance and Stability: Hedera Hashgraph operates under a robust governance model that includes a council of leading global organizations. This ensures stability and reduces the risk of centralization often associated with other cryptocurrencies, fostering confidence in the platform's long-term viability.
- Use Case Diversification: HBAR has a wide range of potential use cases across industries, including decentralized finance (DeFi), supply chain management, tokenized assets, and identity verification. This diversification increases the potential adoption of HBAR and its technology.
- Security and Stability: Hedera Hashgraph's proof-of-stake consensus mechanism provides strong security and stability. Weighted voting makes it difficult and costly for malicious actors to affect consensus. Additionally, the network achieves impressive transaction speeds and low bandwidth consumption, further enhancing its stability.
- Developer and Enterprise Appeal: Hedera Hashgraph provides a versatile platform for developers and enterprises. Its decentralized nature, fast transaction speeds, and support for various payment methods make it ideal for building global decentralized applications.
While these highlights make a strong case for investing in HBAR, it's important to remember that the cryptocurrency market is highly volatile, and there are also certain risks associated with investing in HBAR, including market volatility, competition, regulatory environment, and technological risks.
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Frequently asked questions
HBAR's underlying technology offers scalability and speed, a unique consensus mechanism, governance and stability, and use case diversification.
Like most cryptocurrencies, HBAR is subject to market volatility, competition and adoption risks, a changing regulatory environment, and technological risks.
As of 24 September 2024, HBAR is trading at $0.0561, with a market cap of $38.06M.
According to technical analysis, HBAR is expected to increase by 5% in the next 30 days, reaching $0.057061. By 2030, it may increase by 5% to reach $0.076162.
The Hedera network can process 10,000 transactions per second, with a transaction confirmation time of 3-5 seconds, and a transaction fee of around $0.0001.