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#HBAR#
Hedera (HBAR) is a public distributed ledger technology that uses a unique consensus mechanism called Hashgraph, aiming to provide a fast, secure, and fair platform for decentralized applications. Here's a breakdown of its current status, data, and key aspects:
Hedera (HBAR) Current Data
* Current Price: The current price of HBAR is around $0.1503. It has shown a slight increase in the last 24 hours, and has fluctuated between $0.1420 and $0.1559 in the last 7 days.
* Market Cap: It has a market cap of approximately $6.40 billion USD. This places HBAR at the top of the market cap rankings.
* 24-Hour Trading Volume: The trading volume in the last 24 hours is around $165.04 million USD.
* Circulating Supply: There are currently 42.38 billion HBAR in circulation.
* Maximum Supply: Hedera’s maximum supply is capped at 50 billion HBAR.
* All-Time High Price (ATH): HBAR reached an all-time high of $0.5639 on September 15, 2021.
* All-Time Low Price (ATL): HBAR reached an all-time low of $0.009882 on January 2, 2020.
* Speed and Finality: The Hedera network can process over 10,000 HBAR cryptocurrency transactions per second without a single shard and on-ledger, without compromising network security or stability. Transactions take an average of 2.90 seconds to finalize.
Key Information and Developments About Hedera
* Hashgraph Technology: Unlike other blockchains, Hedera uses Hashgraph technology. This technology stands out for its high transaction throughput and fast consensus, and does not rely on energy-intensive mining. This unique structure makes Hedera ambitious in striking a balance between scalability, security, and decentralization (trilemma).
* Governance Council: Hedera is governed by a 32-member Governance Council, consisting of world-leading organizations such as Boeing, Dell, Google, IBM, LG, Standard Bank, Hitachi, and TATA. This structure aims to promote the stability and fairness of the platform, while reducing the risks associated with centralization.
* Cryptocurrency: Provides fast and low-cost transactions, making micro-transactions practical.
* Decentralized Finance (DeFi): Facilitates DeFi applications such as lending, borrowing, and trading without intermediaries.
* Internet of Things (IoT): Can be used for secure communication between devices.
Price Estimates and Future Expectations
* 2025 Targets: According to some analyses, HBAR could reach $0.750 by the end of 2025. The average price is estimated to be around $0.40. However, some more cautious estimates predict a range between $0.10 and $0.40 for 2025.
* Long-Term Expectations (2030): Long-term estimates suggest HBAR could reach as high as $2.20 by 2030. Some more ambitious estimates even predict it could reach as high as $100 as Hedera’s role and adoption in the financial system increases.