Hedera Price (HBAR)

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$0.0641-0.61%1D
Uphold
HBAR
USD
1 HBAR =$0.0641Last updated:
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Price of Hedera (HBAR) today

As of the latest data, Hedera (HBAR) is currently priced at $0.0756 with a market capitalization of $2.79B. The 24-hour trading volume stands at $52.92M, The circulating supply of Hedera is approximately 35.75B. The cryptocurrency has seen a -1.33% decrease in value over the past 24 hours.

About Hedera (HBAR)

Hedera (HBAR) is a digital asset that offers a secure and decentralized platform for building decentralized applications (dApps) and executing smart contracts. It utilizes a unique combination of technologies, including hashgraph consensus algorithm, to achieve high levels of scalability, security, and speed. Hedera aims to provide a reliable infrastructure for businesses and developers to create innovative solutions in various industries.

One of the key features of Hedera is its fast transaction speeds, with the ability to process thousands of transactions per second. This makes it suitable for applications that require quick and efficient processing, such as micropayments and supply chain tracking. Additionally, Hedera offers low transaction fees, making it cost-effective for users to interact with the network.

With a focus on enterprise adoption, Hedera provides tools and resources for businesses to integrate blockchain technology into their operations seamlessly. Its robust security measures and governance model ensure that data and transactions are protected from unauthorized access and manipulation. Overall, Hedera serves as a reliable and scalable platform for businesses looking to leverage the benefits of blockchain technology.

How does Hedera work?

Hedera (HBAR) operates as a decentralized public network that enables peer-to-peer transactions without the need for intermediaries. It utilizes a Directed Acyclic Graph (DAG) based consensus algorithm called Hashgraph, which allows for high throughput and fast finality of transactions. Hedera's unique feature lies in its governance model, which involves a council of renowned organizations from various industries to ensure decentralization and security. This council oversees network upgrades and ensures fair access to the platform. Hedera's use cases span across industries such as finance, supply chain, and healthcare, offering secure and efficient solutions for data integrity, micropayments, and tokenization. Its innovative approach to consensus and governance sets it apart from traditional financial systems, making it a versatile platform for a wide range of applications.

How to keep your Hedera (HBAR) safe?

To keep your Hedera (HBAR) safe, it is recommended to use hardware wallets like Ledger for enhanced security. These wallets store your private keys offline, making them less vulnerable to hacking. Additionally, trusted platforms like Nexo, Coinbase, and OKX offer secure storage options for HBAR, with features such as multi-signature wallets and cold storage. By utilizing these platforms and wallets, you can ensure the safety of your HBAR investments and protect them from potential security threats.

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Sentiment about Hedera (HBAR)

Social media platforms are indicating a positive sentiment towards Hedera. The sentiment score, which represents the balance between positive and negative posts weighted by interactions, is broken down as follows:

• Reddit posts show 86%

• YouTube videos show 85%

• TikTok videos show 78%

• On X (formerly Twitter), sentiment towards Hedera varies. Approximately 58.89% of tweets express bullish sentiment, 3.09% express bearish sentiment, and 38.01% remain neutral. These sentiments are based on 1.84M tweets.

These findings are based on a total of 6.21M interactions over the last 24 hours, involving 1.19K unique social contributors to the topic.

This aligns with Hedera's market performance; it is currently priced at $0.06 with a market capitalization of $2.82B.

In addition, in the last 24 hours, the price decreased by -0.61%. Market data suggests a bearish sentiment, indicating a negative outlook for the cryptocurrency.

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