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HBAR Price Prediction 2022-2031: Hedera Hashgraph Soon to Retest its ATH?

HBAR

Around $129 billion of value was wiped off the cryptocurrency market in a 24-hour period as of 4:03 am ET, on 5 May 2022 according to data from CoinMarketCap. The selling of cryptocurrency was sparked by a painful day on Wall Street where the Dow Jones Industrial Average lost more than 1,000 points last Thursday, marking its worst single-day drop since 2020.

So if you are looking to buy and hold, then it’s always good to start scaling in carefully when there’s proverbial blood in the streets, advised Chris Brookins, co-founder and CEO of RociFi.  Other aspects of the crypto market are still active, like NFTs and various DeFi protocols, and the market might regain its foothold after panic-selling.

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. So, can we see this scenario happening soon: Is the HBAR Coin due for a retest of its all-time high?

Also Read:
• How To Buy HBAR?
• Best Place To Stake HBAR?

Today’s Hedera price is $0.06245 with a 24-hour trading volume of $18,523,280. Hedera is up 3.23% in the last 24 hours. The current CoinMarketCap ranking is #38, with a live market cap of $1,316,885,656. It has a circulating supply of 21,084,776,584 HBAR coins and a max. supply of 50,000,000,000 HBAR coins.

We shall look at what HBAR token is, how the blockchain operates functions, its price action, and its price prediction for the remaining part of 2021 and 2022 to help traders evaluate whether the cryptocurrency project is a profitable investment or not.

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.

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 ensuring 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 that an arbitrary number of faulty components fail, 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, 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.

HBAR Price Prediction 2022-2031: Hedera Hashgraph Soon to Retest its ATH? 1

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.

Hedera Hashgraph Price History

When the HBAR coin was first sold to the public through an ICO, the coin price was $0.12 and although the token has gone through had its ups and downs in the market, it still has a positive ROI, which currently stands at 40.2% against the US dollar.

HBAR crypto started trading in September 2019, a year after its ICO was conducted, and it started trading a price that was about half of what it was sold for during the ICO. And as if things were not bad yet, the digital coin value dropped further to trade below $0.03 until the start of 2020, when it made a slight bullish attempt that saw it go above $0.06 though it didn’t hit $0.07.

HBAR maintained a price above $0.03 for the whole of 2020. Then, at the beginning of 2021, the cryptocurrency price started skyrocketing, and the bullish trend continued until mid-March when it hit its all-time high of $0.4495. The coin tried to get past the all-time high price in April to no avail before taking on a bearish trend that has continued till today, as seen in the HBAR chart below.

HBAR Price Prediction 2022-2031: Hedera Hashgraph Soon to Retest its ATH? 2

Figure 2. Hedera Hashgraph price history chart (source)

Although the HBAR price is currently bearish, the digital asset value is still well above the price sold during its ICO. Experts believe that the coin will turntables (as we shall see in the price analysis section and Hedera Hashgraph price prediction sections below) since the current bearish trend is being witnessed across all cryptocurrencies prices popular coins like Ethereum price, Ripple price, and Bitcoin price.

New developments in the Hedera Hashgraph blockchain network 

The Hedera Hashgraph platform has involved itself in the NFT space, and recently, it partnered with HashAxis, a global non-fungible token (NFT) marketplace built on Hedera. The launch of Hash Axis on the Hedera Network supports the company’s mission to bring distributed ledger technology to the masses. 

Again, atma.io, a global materials science company specializing in designing and manufacturing a wide range of labeling and functional materials, partnered with Hedera to account for the carbon emissions of billions of unique items.

HBAR’s banner was seen at the Consensus 2022 event recently. It is essential to know that the Consensus Festival, presented by Coindesk, is one of the most sought-after events in the crypto-industry.

HBAR’s Metaverse Fund recently committed $250 million to bring customers into the Hedera ecosystem at scale and accelerate the development of applications in high-growth target areas such as gaming and virtual worlds, social platforms & fan engagement, etc. 

Hedera Technical Analysis

Hedera has been on a sharp drop from April, slowing in momentum in the last two weeks. Hedera has little price momentum to the upside, with the William Alligator in a seeping position. The indicators suggest a period of little price action in preparation for the next price run.

HBAR Price Prediction 2022-2031: Hedera Hashgraph Soon to Retest its ATH? 3

Hedera Hashgraph Price Predictions by Authority Sites

WalletInvestor

The site uses machine learning and artificial intelligence (AI) to provide an Hbar forecast. The AI rates Hbar’s historical data index B+ and adds that it would make a bad one-year investment. Hbar will sell at an average trading price of $0.00655 in one year,89.42% down from the current price.  The Hbar tokens price will drop in the coming two weeks, in a bearish trend. The Hbar trades will fall from the current price to $0.0591 at the end of the period. The Hbar return on investment in 2024 will be -97.86%; in 2025, it will be -95.73%; in 2026, it will be -95.50%; in 2027, it will be -88.48%.

TradingBeasts

The site uses linear and polynomial regressions on historical data to provide an Hbar forecast. Hbar will trade at an average forecast price of $0.0933146 in August. The Hbar price forecast will fall gradually towards the end of the year and will sell at $0.0880909. Trading beasts expect a bullish Hbar price prediction from 2023 to 2025; in 2023, Hbar will trade at an average price of $0.0858208 in January and $0.1029894 in December. In 2024, Hbar will trade at an average price of $0.1066152 in January and $0.1358872 in December.  In 2025, Hbar will trade at an average price of $0.1194221 in January and $0.1391670 in December. 

DigitalcoinPrice

Hbar has lost more than half its value; a sentiment shared in the crypto space this year. Data from the price forecast indicate that Hbar has a bright future and will experience price growth from 2023 to 2031. Hbar will sell at an average trading price of $0.0809 in August.  It will then have little price action for the rest of the year. In 2023, Hbar will trade at an average price of $0.0924, reaching a maximum price of $0.10 and a minimum price of $0.0816.  In 2025, Hbar will trade at an average price of $0.12, reaching a maximum price of $0.14 and a minimum price of $0.11. In 2030, Hbar will trade at an average price of $0.28, reaching a maximum price of $0.29and a minimum price of $0.27.

Cryptopolitan

HBAR Price Prediction 2022-2031: Hedera Hashgraph Soon to Retest its ATH? 4
HBAR Price Prediction 2022-2031: Hedera Hashgraph Soon to Retest its ATH? 5

Hbar Price Prediction 2022

The Hbar price prediction for 2022 is $0.13. The bear market has dramatically affected Hbar, which has dropped 75% this year. Hbar sealed a partnership with Dropper to launch its gaming platform and marketplace on the Hedera blockchain. Revival of the bulls’ crypto market will increase Hbar prices; Hbar will sell between $0.13 and $0.15 for the rest of the year.

Hbar Price Prediction 2023

The Hbar price prediction for 2023 is $0.19. Hedera is making strides in the gaming space through partnerships. Blockchain gaming changes the gaming scene by introducing collectible assets they can trade in the inbuilt marketplace. The economics also allows players to earn while playing. The coin will mark a maximum price value of $0.22 and a minimum price value of $0.18.

Hbar Price Prediction 2024

The Hedera price prediction for 2024 is $0.27. HBAR offers better utility than Ethereum- the second largest crypto by market capitalization. With low, predictable transaction fees, Hedera is 10 times faster than its alternatives. The expected Hbar maximum price is $0.31, and the minimum price is $0.26.

Hbar Price Prediction 2025

The Hedera coin price prediction for 2025 is $0.40. Hedera is a carbon-negative blockchain. The blockchain is revolutionary, noting the friction caused by bitcoin and Ethereum due to their high energy consumption and unsustainability. Hedera utilizes about  0.00017JKWH per transaction, which is minimal compared to Ethereum, which uses 102 KWH. Hbar will reach a high price of $0.45 and a low price of $0.38.

Hbar Price Prediction 2026

The Hedera price prediction for 2026 is $0.59. Hedera is a fast blockchain. The network processes about 10,000 transactions per second with an average fee of $0.0001. These features make the token ideal for cross-border payments. Hbar will reach its highest price at $0.67 and lowest price at $0.57.

Hbar Price Prediction 2027

The Hedera price prediction for 2027 is $0.86. The Hedera Foundation provides developers with tools to easily transition into the blockchain, and the Hedera library consists of integrations, a learning center, and SDKs. Hbar trades will reach a high price of $0.99 and a low price of $0.83.

Hbar Price Prediction 2028

The Hedera Hbar price prediction for 2028 is $1.23. The Hbar foundation provides developers with grants to boost their projects. These include the Hbar foundation- for bringing ideas to the market, Launchpad Luna for NFT projects, HAshgraph association for startups, and HEadstarter for curating early-stage projects. The Hbar utility token will reach a high price of $1.45 and a low price of $1.18.

Hedera hashgraph Price Prediction 2029

The Hedera Hbar price prediction for 2029 is $1.80. The Hedera Foundation prides itself on its governing council. The council is elected and consists of leading global organizations. These organizations include Boeing, UCL, LG, EDF, DBS, Ubisoft, Dentons, and Zain. The Hbar trading volume will rise, marking a high price of $2.09 and a low price of $1.75.

Hedera hashgraph Price Prediction 2030

The Hedera Hbar price prediction for 2030 is $2.72. We are at the dawn of WEB 3, and Hedera is doing all the heavy lifting. By the decade’s end, we anticipate high adoption of blockchain systems, and Hedera will reap big from its early investments. Hbar’s bullish trend will see it reach a high price of $3.07 and a low price of $2.63.

Hbar Price Prediction 2031

The Hbar price prediction for 2031 is $3.91. 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 $4.55 and a low of $3.77.

HBAR Price Prediction 2022-2031: Hedera Hashgraph Soon to Retest its ATH? 6

Hedera Hashgraph Price Predictions by Industry Influencers

Crypto vault Youtube channel provides Hbar technical analysis and price prediction.

The HBAR token is a utility token, as it continues to secure billions of dollars in major sectors such as NFTs and the metaverse space. With that in mind, @hbar_to_moon suggests that metrics show HBAR will become the world’s only good #DLT network. According to him, the HBAR price is not the right metric to look at yet, because all crypto is still moving with Bitcoin, but that will change too.

Famous crypto influencer, Jack Gordon, predicts that HBAR can reach $100 in the long–term, making it a good investment. They also expect HBAR to achieve a 2 Trillion market cap around that time. 

Conclusion 

The crypto market is forecasted to grow in the coming years, with HBAR’s price expected to rise along with it. Nevertheless, several factors could lead to the rise and fall of prices in the crypto market. These include advances in technology, actions of government, and regulatory bodies.

Some crypto analysts believe that the Hedera coin can be an excellent investment in the future. But we say that the coin can experience a price rise if only it comes up with more use cases.  If you’re a long-term investor in the Hedera Hashgraph project, it can be undoubtedly beneficial. The project has the backing of some technology giants, and their support makes Hedera stable.

Hedera is a third-generation blockchain offering high throughput at minimal cost while remaining sustainable. The blockchain is governed by global brands that use its enterprise-grade capabilities. 

Hedera has the footing to remain relevant long-term and will begin recovering in the next bull run.

Hence, anyone who wants to invest in HBAR should do so with caution – but only after doing their research. Overall, we predict a brighter future for HBAR.

FAQs

Where will Hedera Hashgraph be in 2031?

The Hbar price prediction for 2031 is $3.91. 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 $4.55 and a low of $3.77.

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.

Shawn Du'Mmett

Shawn Du'Mmett

Former IT development and consultant, remote team and collaboration expert, PM, CCO, writer, dreamer, idealist looking to collaborate with global teams on a global teal/turquoise organisation. Shawn's dream is working together openly, to get what writers need and want, and to solve biggest global problems. He is building a collaboration system from the start that everyone can own and define, allowing them to work together, to decide how it works and to their highest ideals.

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