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HBAR Price Prediction 2024-2033: Hedera Hashgraph Soon to Retest its ATH?

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HBAR Price Prediction 2024-2033

Hedera Hashgraph (HBAR) cryptocurrency is one of the altcoins that enjoyed a bullish trend from the beginning of 2021 to the end of March 2022. As a result, many crypto traders have taken an interest in the digital coin since its blockchain technology shows many prospects of becoming a force to reckon with within the blockchain industry. 

The question in every crypto investor’s mind is this: When will HBAR’s price rise again? Despite the overall bear market and what happened with LUNA, everyone can see clearly that HBAR Coin has strong buying potential. Now, many indicators are indicating a bullish trend. With the positive perception of HBAR, we might see this scenario happening sooner than predicted: Retest of its all-time high.

How much is HBAR worth?

Today’s Hedera price is $0.1215, with a 24-hour trading volume of $423k. Hedera has increased 7.49% in the last 24 hours. The current CoinMarketCap ranking is #86, with a live market cap of $2,701,002,773. It has a circulating supply of 32,399,966,653 HBAR coins and a max.

We shall look at what the HBAR token is, how the blockchain operates functions, its price action, and its price prediction for 2024 onwards to help traders evaluate whether the cryptocurrency project is a profitable investment or not.

HBAR price analysis: HBAR price surge

TL;DR Breakdown

  • HBAR price analysis shows a shows a bullish momentum.
  • HBAR trades in a range of $0.09 to $0.128

HBAR price analysis 1-day chart: Bulls gain momentum

According to the 1-day chart for Hedera Hashgraph (HBAR) against the US Dollar (USD), the price appears to be in a bullish trend, having recently experienced a notable increase. The price has moved above both the 20-day Simple Moving Average (SMA) and the Bollinger Bands, indicating strong buying pressure.

The Bollinger Bands are widening, which often suggests increased market volatility and may lead to potential price fluctuations. Support levels are seen at approximately $0.0686 and $0.0621, while the resistance levels are established around $0.0984, with the recent high at $0.1282.

The Relative Strength Index (RSI) is above 70, which typically indicates overbought conditions and could signal a potential pullback or consolidation in the near term. However, the strong momentum indicated by the RSI also confirms the current bullish sentiment.

It’s important to note that while the RSI suggests the market is overbought, this does not automatically mean a reversal is imminent, as strong trends can persist in overbought or oversold conditions for extended periods.

HBAR/USD 4-hour price chart: HBRA price moves steadily above 20-day SMA

The 4-hour chart for Hedera Hashgraph (HBAR) against the US Dollar (USD) showcases a bullish trend, with the price moving steadily above the 20-period Simple Moving Average (SMA), which acts as a dynamic support in the short term.

The Bollinger Bands are moderately expanded, suggesting a stable volatility in the market. The upper Bollinger Band has been breached by recent price action, indicating strong buying pressure. The Moving Average Convergence Divergence (MACD) shows a bullish crossover, with the MACD line (blue) crossing above the signal line (orange), reinforcing the bullish momentum.

The price has surpassed a previous resistance level around $0.1037, which may now serve as support. The immediate resistance is at the recent high of $0.1214. The chart suggests a positive outlook for HBAR in the short term, but traders should be cautious of potential retracements, especially if the MACD starts to turn or the price approaches the overbought territory.

What to expect from HBAR price analysis next?

The Bollinger Bands show a moderate level of volatility, as the bands are neither excessively tight nor wide. The price is currently at the upper band, which often acts as a resistance level. If the price is consistently touching or breaking through the upper band, it can be a sign of a strong upward trend, suggesting that the market may be in a bullish state in the short term.

The MACD, a momentum oscillator, can help identify the direction and strength of the trend. In the provided chart, the MACD line (blue) has crossed above the signal line (orange), which is typically a bullish signal. Furthermore, the histogram, which measures the distance between the MACD line and the signal line, is showing increasing positive momentum as it grows taller, reinforcing the bullish sentiment.

In terms of expectations, if the bullish signals persist, we could anticipate a continued upward movement in price. However, if the price fails to break through the upper Bollinger Band with conviction, or if the MACD starts to turn downwards, it could indicate a potential reversal or a consolidation phase.

Is HBAR a good investment?

Hedera Hashgraph distinguishes itself with its hashgraph consensus algorithm, which promises higher speed, security, and scalability than traditional blockchain technologies. This positions HBAR as a potentially innovative player in distributed ledger technology, catering to various applications, including smart contracts and decentralized applications (dApps).

Our price prediction will show if this coin will gain value in the next few years.

Recent news on HBAR Coin

4.86 billion HBARS allocated to HBAR’s ecosystem development: The Hedera Council announced that they have approved the allocation of an extra 4.86 billion HBARs to develop the Hedera network further and enable its decentralized governance. The Hedera Board will use most of this allocation, which amounts to 4.248 billion HBARs, for ecosystem development among existing initiatives, such as the HBAR Foundation.

HBAR and Algorand’s partnership: A new alliance called DeRec, consisting of Hedera and Algorand, has been formed to improve digital asset security in the Web3 ecosystem. The DeRec Protocol offers a user-friendly and privacy-focused approach to managing digital secrets by sharing them among trusted helpers.

Smart contract verification: The team behind HBAR recently announced the availability of smart contract verification on its ecosystem in order to offer increased trust and transparency through the enablement of smart contract evaluation.

HBAR Price Prediction 2024-2033

Hedera HBAR Price Prediction by Cryptopolitan

YearMinimum PriceAverage PriceMaximum Price
2024$0.0949$0.0976$0.1128
2025$0.1370$0.1419$0.1638
2026$0.2031$0.2102$0.2430
2027$0.2882$0.2966$0.3506
2028$0.4405$0.4524$0.5036
2029$0.6097$0.6323$0.7595
2030$0.8845$0.9098$1.06
2031$1.93$1.35$1.53
2032$1.93$2.00$2.25
2033$2.85$2.93$3.35
HBAR Price Prediction 2024 – 2033

HBAR Price Prediction 2024

For the year 2024, our Hedera Hashgraph price forecast suggests that the cryptocurrency will achieve a maximum price of $0.1128. The coin is expected to hit an average price of $0.0976, with the minimum price projected to be $0.0949. The growing partnerships within the Hedera ecosystem could be a contributing factor to this upward trend.

HBAR Price Prediction 2025

In 2025, we forecast that the HBAR coin will attain a maximum price of $0.1638 in the crypto market. The average price is anticipated to be $0.1419, with the minimum price expected to be $0.1370. The consistency in the average and minimum forecast prices might stabilize the coin’s value during this period.

HBAR Price Prediction 2026

According to our HBAR coin price prediction for 2026, the coin is anticipated to reach a maximum price of $0.2430. The coin’s minimum and average prices are expected to be $0.2031 and $0.2102, respectively. Given the maturation of developments and partnerships in the Hedera ecosystem by this year, the coin is poised to be a noteworthy investment.

HBAR Price Prediction 2027

Our forecast for 2027 suggests that the HBAR cryptocurrency might hit a maximum price of $0.3506. The average and minimum trading values are both expected to be $0.2882 and $0.2966, respectively. This could reflect a relatively stable pricing environment for HBAR during this year.

HBAR Price Prediction 2028

For 2028, our hedera hashgraph price prediction indicates that HBAR will achieve a maximum price of $0.5036. The coin’s average and minimum prices are projected to be $0.4524 and $0.4405, respectively. This suggests a continuation of the upward trend, potentially driven by further developments in the Hedera ecosystem.

HBAR Price Prediction 2029

According to our analysis for 2029, the HBAR coin is likely to reach a maximum price of $0.7595. The average and minimum trading prices are forecast to be $0.6323 and $0.6097, respectively.

HBAR Price Prediction 2030

In 2030, we anticipate that the HBAR coin will hit a maximum price of $1.06. The average trading value of the coin is predicted to be $0.9098, while the minimum is expected to be $0.8845.

HBAR Price Prediction 2031

Our HBAR price prediction for 2031 suggests that the coin may reach a maximum price of $1.53. The average and minimum values are forecast to be $1.35 and $1.30, respectively.

HBAR Price Prediction 2032

For 2032, our hedera price forecast is bullish for the HBAR coin. We predict a maximum price of $2.25, with an average trading value of $2.00 and a minimum of $1.93.

HBAR Price Prediction 2033

For 2033, the forecast is bullish for the HBAR coin. We predict a maximum price of $3.35, with an average trading value of $2.93 and a minimum of $2.85.

HBAR Price Prediction by Wallet Investor

According to Wallet Investor, HBAR is a good long-term investment. They predict that the coin will be worth $0.180 in one year. In five years, they expect the coin to increase by 153%.

HBAR Price Prediction by CryptoPredictions

CryptoPredictions predicts that HBAR will reach a maximum price of $0.164, with an average price of $0.131 by 2023. The coin’s lowest price is expected to be $0.111 by 2024. By 2025, CryptoPredictions predict that HBAR will have a maximum price of $0.183, with an average trading price of $0.146 by 2025. The lowest price of the coin is expected to be $0.124.

Furthermore, CryptoPredictions predict that HBAR will reach a maximum trading price of $0.219, with an average price of $0.175 by 2026. The coin’s lowest price is expected to be $0.149 by then.

CryptoPredictions expect the HBAR coin to reach a maximum of $0.248, with an average trading price of $0.198 by 2027. By then, the lowest price of HBAR by that time is expected to be $0.168.

HBAR Price Prediction by DigitalCoinPrice

DigitalCoinPrice predicts that HBAR will reach a maximum price of $0.16 with an average trading price of $0.15 by the end of 2023. They expect the lowest price for HBAR to be $0.0658.

By 2026, Digital Coin Price expects HBAR to have a maximum price of $0.26. The token’s lowest and average trading price is expected to be $0.22 and $0.23, respectively.

HBAR is expected to reach a maximum of $0.40 by 2029. The average and minimum price of the token by then is expected to be $0.39 and $0.35, respectively.

By 2033, DigitalCoinPrice predicts that HBAR will have a maximum of $1.43. The coin’s lowest and average forecast price by then is expected to be $1.37 and $1.40.

HBAR Price Prediction by Coincodex

According to Coincodex’s Hedera coin price prediction, HBAR will reach $0.09 by the end of 2024. Furthermore, Coincodex expects HBAR to have a yearly high of $0.152 and a yearly low of $0.062 by 2027.

By 2030, Coincodex expects HBAR to have yearly highs and lows of $0.60 and $0.13, respectively.

Overview of HBAR Coin

Popularity #86Price Change 24h : 1.49%
Price Change 7d: +0.34Market cap $2.7 B
All-time low $ 0.01001Trading Volume (24): $65m
All-time high $ 0.57014Circulating supply: 33,649,003,053
Source: CoinMarketCap

More on HBAR Coin

What is an Hedera Hashgraph (HBAR) token?

The Hedera Hashgraph token, commonly denoted as HBAR, is the native cryptocurrency of the Hedera Hashgraph blockchain network. Its current price is $0.1696.

The Hedera Hashgraph cryptocurrency has two roles in the Hedera Hashgraph blockchain. The first role is fueling services like transactions, file storage, and execution of smart contracts, and the second is securing the blockchain network through staking. HBAR holders stake their HBR tokens to help maintain the integrity of the blockchain platform.

There is a maximum total supply of 50 billion HBAR tokens, and out of these, only 18% (8.95 billion HBARS) are currently in circulation supply, which represents an increase of about 28% since the start of 2021 when the coins in circulation supply were about 14% of the total coin supply.

The Hedera Hashgraph network releases the HBAR tokens in cycles, ensuring that the total coins in supply during the first few years of the blockchain remain below the two-thirds required to hold consensus. Every month, Hedera releases a month detailing how it shall distribute the next wave of HBAR tokens through public reports published on its official website in the HBAR Economics sections (under the HBAR tab) in the ‘What is Hedera’s circulating supply of HBAR?’ question.

According to Hedera’s whitepaper, about 17.03 billion HBAR tokens, about 34% of the total maximum coin supply, will be in the circulation supply by 2025. HBAR is used to pay transaction fees, make payments and micropayments, and protect the network through its proof-of-stake consensus. Developers and retail users can purchase HBAR from an exchange or OTC. HBAR holders can pay for application transaction fees and stake them to Hedera network nodes.

What is the Hedera Hashgraph blockchain?

Hedera Hashgraph blockchain is a distributed ledger technology that provides individuals and businesses with a platform to create decentralized applications (DApps). It is portrayed as the ‘trust layer of the internet. 

Hedera’s founders and the rest of the development team designed it to offer solutions to some of the challenges (e.g., instability and slow performance) of most older blockchains like Blockchain and Ethereum.

The blockchain started through an ICO in 2018 and introduced its mainnet a year later in 2019.

HBAR uses a consensus mechanism known as Hashgraph consensus. It involves a rotating governing council of 39 diversified organizations from different industries. This council is the one that is involved with managing and updating Hedera Hashgraph codebase, voting on decisions about the platform, and operating the blockchain’s initial nodes.

Besides the consensus mechanism, the blockchain also uses a Proof-of-Stake (PoS) consensus mechanism in ensuring that the integrity of the network is maintained and thus ensures that it is secure. The PoS allows HBAR holders to stake their tokens for this purpose.

The overall security setup of Hedera Hashgraph enables it to achieve an asynchronous Byzantine fault tolerance (ABFT) that guarantees transactions are completed within the stipulated time regardless of whether some data is available or not.

Byzantine fault tolerance (ABFT)

The overall security setup of Hedera Hashgraph enables it to achieve an asynchronous Byzantine fault tolerance (ABFT) that guarantees transactions are completed within the stipulated time regardless of whether some data is available or not. Hedera is the first and only public DLT to use this consensus algorithm, which we believe will be both faster and more secure than other existing public networks.

In a distributed system such as cryptographic ledgers, Byzantine Fault Tolerance (BFT) is a plan’s ability to tolerate an arbitrary number of faulty component failures, inducing the distributed system to commit abnormal behaviors. The Byzantine failure model is a stringent assumption where any false or malicious part can decide or perform any operation, including halting execution, controlling other users’ access to shared resources, delaying messages, replaying old messages, and dropping data packets.

What makes Hedera Hashgraph blockchain unique?

The Hashgraph consensus mechanism used by Hedera Hashgraph is entirely different from the consensus mechanisms used by most blockchains, and it enables Hedera Hashgraph to offer better services in terms of scalability, speed, and cost of transactions.

Hedera Hashgraph can handle over 10,000 transactions per second, which is way far more than what the likes of Bitcoin and Ethereum blockchains can process per second. And while it takes between 10 to 60 minutes for transactions to be confirmed in blockchains like Bitcoin and Ethereum, it only takes 3-5 seconds for a transaction to be established in Hedera Hashgraph.

Regarding the cost of transactions, Hedera Hashgraph is way cheaper than most blockchain networks. Its average transaction fee is $0.0001 per transaction in Hedera Hashgraph, while it costs $22.57 per transaction in the Bitcoin blockchain.

Figure 1. Comparing HBAR blockchain to Bitcoin and Ethereum (Source)

Hedera Hashgraph also has several features that make it an excellent blockchain for its users, and these include: 

  • Smart contract functionality that allows DApps developers to develop powerful DApps.
  • Enabling users to mint both fungible and non-fungible tokens (NFTs) for the DApps that they develop on Hedera Hashgraph.
  • An additional PoS consensus algorithm ensures that the network is secure while offering HBAR users a means of earning a passive income by staking the tokens.
  • A decentralized file storage system that includes features like controlled mutability, time-based file expiry, and proof-of-deletion.

Conclusion 

Hedera Hashgraph has made significant strides in its ecosystem in recent weeks. However, based on recent developments happening in the network, it is likely that the coin will soar. According to our Hedera price prediction, the coin will increase. Our long-term prediction for the coin is $2.25. Even though we are bullish on this cryptocurrency, we advise you to do your own research before making any financial decision. Hedera is undoubtedly a great crypto asset with promising technology, but all cryptocurrencies are volatile, and their prices perform like a roller coaster.

FAQs

Where will Hedera Hashgraph be in 2032?

The Hbar price prediction for 2032 is $2.00. During this period, Hedera’s market will grow 10-fold. Innovations will be crucial to its continuous growth since more efficient blockchains are coming up yearly. Failure to do so, Hedera will fall behind its counterparts. The coin will reach a high of $2.25 and a low of $1.93.

Is HBAR worth the price?

Yes, the HBAR coin is worth buying, and there is a high probability that it will expand into other products in the future.

What is the Hedera circulating supply?

About 17.03 billion HBAR tokens, about 34% of the total maximum coin supply, will be in the circulation supply by 2025.

What makes Hedera better than BTC or ETH?

Hedera Hashgraph can handle over 10,000 transactions per second, which is way far more than what the likes of Bitcoin and Ethereum blockchains can process per second.

How cheaper is it for Hedera transactions?

Its average transaction fee is $0.0001 per transaction in Hedera Hashgraph, while it costs $22.57 per transaction in the Bitcoin blockchain.

What's the HBAR ATH?

In mid-March, HBAR had hit its all-time high of $0.4495.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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Alden Baldwin

Journalist, Writer, Editor, Researcher, and Strategic Media Manager:With over 10 years of experience in the digital, print and public relations industries, he has been working with the mantra, Creativity, Quality and Punctuality. In his waning years promises to build a a self sustaining institute that provides free education. He is working towards funding his own startup.As a technical and language editor, he has worked with multiple top cryptocurrency publications such as DailyCoin, Inside Bitcoins, Urbanlink Magazine, Crypto Unit News and several others.He has edited over 50,000+ articles, journals, scripts, copies, sales campaign headlines, biographies, newsletters, cover letters, product descriptions, landing pages, business plans, SOPs, e-books, and several other kinds of content.

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