Binance had run aground this Monday afternoon after suddenly pausing Bitcoin withdrawals. Of course, this caused agitation among investors which CZ was quick to pacify. Binance users were instructed to withdraw from another network. As eyebrows shot up after the Celsius fiasco – and blood pressures with them – the crypto community takes a breather with good ole altcoins like $HBAR.
Let’s look at why Hedera and $HBAR are set to explode in 2022, changing the entire crypto landscape as they do:
- Mainnet leaving Beta
- #Hashgraph open-source
- Smart Contracts 2.0
- Staking & community nodes
- @HBAR_foundation & its unprecedented ecosystem fund
But the main thing that’s exciting for HBAR is that Hashgraph is flaunted as superior to #blockchain, according to the Hashgraph community. Could we witness a mass exodus from blockchain to Hashgraph – $HBAR forever known as the first mover?
How about staking HBAR, Hedera’s native token? When users choose to stake HBAR, they are given a minimum balance that they must meet to be eligible for staking. HBAR will be placed into the network as a stake once this balance is reached.
The network then agrees to the payment and updates all participating nodes. Accounts that fulfilled their participation criteria are awarded, and funds are subsequently placed into the user’s wallet after the cycle has concluded after 24 hours.
HBAR’s current CoinMarketCap ranking is #33, with a live market cap of $4,036,865,424. It has a circulating supply of 19,565,356,901 HBAR coins and a max. supply of 50,000,000,000 HBAR coins.
If you’re feeling blue and gloomy, why don’t you take a quick look at our Story on Best Places to Stake HBAR?