Hedera Hashgraph (HBAR): Price Prediction For 2030
✍️ 10 November, 2022 - 17:38 👤 Editor: Jakub Motyka
- With strong institutional support, Hedera Hashgraph (HBAR) could reach $3 by 2030.
- Other factors are smart contract support and the general crypto adoption. Let's take a look at the price prediction of Hedera Hashgraph (HBAR) for 2030, according to experts.
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Hedera Hashgraph (HBAR) is a cryptocurrency and an enterprise-grade network that uses Hashgraph – an alternative to the distributed ledger of blockchain technology. HBAR is used in transaction fees, network security, and staking.
At the time of writing, the token was exchanging for $0.05125 – a change of +10.72% in the past 24 hours. In the last month, HBAR has climbed from $0.057 despite dropping from a high of $0.077 in the last three months. Overall, the highest that HBAR has ever traded was above $0.5 in 2021. So, what is the price prediction of Hedera Hashgraph (HBAR) for 2030?
Institutional Adoption Could Boost HRAR To $3 By 2030
According to the relevance of Hedera Hashgraph in the blockchain space, HBAR could rise to $3. Supporting the forecast is the crucial niche of enterprise clients and large corporations. Some of the big corporations using the blockchain include Boeing, Google, and Ubisoft.
As the trend of adoption continues, HBAR will derive utility, and the price to $3 by 2030 could be realized.
Something else that could likely pump the price of HBAR to $3 by 2030 is its decentralized nature. The network is an open-source protocol with a council for decentralized governance. Hedera’s governance approach makes the network hack-proof – attracting more developers in the process and similarly driving the price of HBAR upward.
Other Factors Driving Hedera Hashgraph (HBAR) Price Prediction For 2030: Smart Contracts And The General Market Trend
The strong support for smart contracts written in Solidity by Hedera Hashgraph is another aspect that informs price prediction of $3. Solidity is a smart contract program language also supported on Ethereum. It has a component of decentralized finance – a form of a banking system with no central authority. As more funds enter the network, the demand for HBAR tokens will equally rise.
Lastly, as the overall cryptocurrency sector continues to expand, so will the value of HBAR. As it stands, the crypto winter, which has largely dominated the sector in 2022, could be coming to an end.
Currently, the space is attempting to break from a consolidation, with a current market valuation of $1.03 trillion (much lower compared to a high of $3 trillion during the 2021 crypto boom.) As the value surge, so will the price of HBAR.
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