Hedera Price Prediction, will HBAR’s price hit $0.61?
Hedera’s price at the same time last week was $0.068. It has moved by 2.14% in the past week and is currently at $0.064. Infact, in the past 24 hours, HBAR has dumped by -1.51%. There is a slight bearish sentiment in the crypto market. The long term sentiment, however, remains bullish and HBAR could hit $0.8 in 2024.
The total circulating supply of Hedera as of writing this article was $25411389309.34 and the marketcap of HBAR remains at $1,631,213,732.
Disclaimer
For some coins with little to no data points and inexistent historical data the model by default will show a positive price prediction. There is no way for our AI bot to decipher whitepaper, tokenomics and team integrity. The coin's price that you are about to see below can fall drastically depending on many factors, so please invest wisely after checking the team and project's whitepaper. This current price prediction is done by a machine crunching numbers and the model is still in the early beta stages. It should strictly not be taken as an investment advice. Although the best engineers are currently tweaking and updating the algorithm, no human has verified the price predicted below, so please use your discretion and make a decision wisely.
About Hedera
Hedera Hashgraph (HBAR): An overview
Source: Hedera.com
Built on the open-source hashgraph distributed consensus algorithm, Hedera is a proof-of-stake (PoS) public network for building and deploying decentralized applications (dApps) that are fast, fair, and secure.
Hashgraph, an asynchronous byzantine fault tolerance (aBFT) consensus protocol, offers seamless efficiency in bandwidth usage and can process hundreds of thousands of transactions per second in a single shard.
HBAR is the native token of the Hedera network, which is used to pay application transaction fees and protect the network from attacks.
Hedera offers two core services:
- Hedera Consensus Service (HCS) - This is used by applications in production for tracking provenance across supply chains, logging asset transfers between blockchain networks, counting votes in a DAO, monitoring IoT devices, etc.
- Hedera Token Service (HTS) - This enables the configuration, minting, and management of fungible and non-fungible tokens on the network without having to set up and deploy a smart contract.
Hedera Hashgraph’s journey
Source: Hedera.com
The Hedera organization was founded in 2018 by Dr. Leemon Baird, a computer scientist, and Mance Harmon, a technology executive. They initially formed a company named Swirlds in 2015, after which the firm expanded into an entity called Hedera, which was later renamed Hedera Hashgraph.
Hedera Hashgraph’s inception aimed at becoming the world’s first mass-adopted public distributed ledger that could support numerous applications. HBAR has a total supply of 50 billion, which is subdivided into Unreleased Supply and Released Supply.
Here’s a look at how it all started:
- In March 2018, Hashgraph Consortium was formed
- In August 2019, the Hedera mainnet went live
- In February 2020, Hedera Consensus Service (HCS) was launched
- In February 2021, Hedera Token Service (HTS) was launched
Other key developments
Source: Hedera.com
Hedera Hashgraph has accomplished a lot within the last few years. Here’s a glimpse of some of Hedera Hashgraph’s developments:
- In January 2021, Everyware and Hedera Hashgraph enabled Cold Chain Monitoring of the COVID-19 vaccine for NHS facilities
- In January 2021, Australia’s national debit operator eftpos joined Hedera Governing Council and ran Aussie Hedera network node
- In February 2021, SUKU Supply Chain as a Service platform migrated to Hedera Hashgraph from Ethereum
- In February 2021, Standard Bank Group established Africa’s first Hedera network node to enable much-needed digitization of cross-border trade processes
- In March 2021, top 5 global utility EDF joined Hedera Governing Council
- In May 2021, Chainlink Labs furthered enterprise focus by joining Hedera Governing Council
- In August 2022, Hedera was named to the Constellation ShortList™ for Blockchain Services in Q3 2022
- In December 2022, former government and finance leaders took up executive roles with Hedera
- In December 2022, Hedera announced the launch of Own The Zone, the officially licensed FIFA World Cup 2022 game built on the Hedera network.
HBAR Price Analysis
Since the end of 2021, HBAR has witnessed a downtrend, with primary resistance and support levels at $0.063 and $0.045.
HBAR Weekly Chart
On the weekly chart, HBAR plummeted from $0.34 to $0.045 in December 2021, after which 2022 was followed by strong bearish momentum. With the price being in a downtrend, the Awesome Oscillator and Chaikin Money Flow (CMF) have been under the zero line. Due to this, there has been limited scope for bulls in the market.
Moreover, on the daily time frame, $0.028 and $0.044 support levels were found below the $0.045 level between November 2020-January 2021 and November 2022.
Should you consider buying HBAR?
Traders can look to buy HBAR at $0.063 if it retests as support. Also, the $0.050-$0.10 level can be an area where demand can step in. If both the Awesome Oscillator and CMF climb over the zero line, buyers can look to get in.
Hedera network’s recent announcement about the launch of Own The Zone, a metaverse game officially licensed by the FIFA World Cup 2022, may serve as an important development for HBAR.
Hedera Price Prediction
Hedera has had an eventful 2021. To simplify the latest HBAR price prediction, we have divided up the prediction by short term Hedera price prediction and long term Hedera price prediction. As of writing this article, HBAR had a trading volume of $35,560,524. Hedera has gone up by 67.91% in the past 30 days.
According to our analysis in the short term, Hedera price prediction for April 2023 shows the average price of HBAR at $0.55 and the highest possible price for April 2023 would be $0.59.
Further, according to our analysis in the long term, Hedera price prediction for August 2023 shows the average price of HBAR at $0.6 and the highest possible price for August 2023 would be $0.64.
Hedera's Short Term Price Prediction
| Date | Avg Price | Lowest Price | Highest Price |
| 1 Feb 2023 | $0.078 | $0.072 | $0.083 |
| 2 Feb 2023 | $0.078 | $0.073 | $0.084 |
| 3 Feb 2023 | $0.079 | $0.073 | $0.084 |
| 4 Feb 2023 | $0.081 | $0.076 | $0.087 |
| 9 Feb 2023 | $0.096 | $0.089 | $0.1 |
| 14 Feb 2023 | $0.11 | $0.1 | $0.11 |
| 24 Feb 2023 | $0.14 | $0.13 | $0.15 |
| March 2023 | $0.54 | $0.5 | $0.57 |
| April 2023 | $0.55 | $0.51 | $0.59 |
| May 2023 | $0.56 | $0.52 | $0.6 |
| June 2023 | $0.58 | $0.53 | $0.62 |
| July 2023 | $0.59 | $0.55 | $0.63 |
| August 2023 | $0.6 | $0.56 | $0.64 |
| September 2023 | $0.61 | $0.57 | $0.66 |
| October 2023 | $0.63 | $0.58 | $0.67 |
| November 2023 | $0.64 | $0.6 | $0.69 |
| December 2023 | $0.65 | $0.61 | $0.7 |
Hedera price prediction 1 Feb 2023: Hedera’s price for 1 Feb 2023 according to our analysis should range between $0.072 to $0.083 and the average price of HBAR should be around $0.078.
Hedera price prediction 2 Feb 2023: Hedera’s price for 2 Feb 2023 according to our analysis should range between $0.073 to $0.084 and the average price of HBAR should be around $0.078.
Hedera price prediction 3 Feb 2023: Hedera’s price for 3 Feb 2023 according to our analysis should range between $0.073 to $0.084 and the average price of HBAR should be around $0.079.
Hedera price prediction 4 Feb 2023: Hedera’s price for 4 Feb 2023 according to our analysis should range between $0.076 to $0.087 and the average price of HBAR should be around $0.081.
Hedera price prediction 9 Feb 2023: Hedera’s price for 9 Feb 2023 according to our analysis should range between $0.089 to $0.1 and the average price of HBAR should be around $0.096.
Hedera price prediction 14 Feb 2023: Hedera’s price for 14 Feb 2023 according to our analysis should range between $0.1 to $0.11 and the average price of HBAR should be around $0.11.
Hedera price prediction 24 Feb 2023: Hedera’s price for 24 Feb 2023 according to our analysis should range between $0.13 to $0.15 and the average price of HBAR should be around $0.14.
Hedera price prediction March 2023: Hedera’s price for March 2023 according to our analysis should range between $0.5 to $0.57 and the average price of HBAR should be around $0.54.
Hedera price prediction April 2023: Hedera’s price for April 2023 according to our analysis should range between $0.51 to $0.59 and the average price of HBAR should be around $0.55.
Hedera price prediction May 2023: Hedera’s price for May 2023 according to our analysis should range between $0.52 to $0.6 and the average price of HBAR should be around $0.56.
Hedera price prediction June 2023: Hedera’s price for June 2023 according to our analysis should range between $0.53 to $0.62 and the average price of HBAR should be around $0.58.
Hedera price prediction July 2023: Hedera’s price for July 2023 according to our analysis should range between $0.55 to $0.63 and the average price of HBAR should be around $0.59.
Hedera price prediction August 2023: Hedera’s price for August 2023 according to our analysis should range between $0.56 to $0.64 and the average price of HBAR should be around $0.6.
Hedera price prediction September 2023: Hedera’s price for September 2023 according to our analysis should range between $0.57 to $0.66 and the average price of HBAR should be around $0.61.
Hedera price prediction October 2023: Hedera’s price for October 2023 according to our analysis should range between $0.58 to $0.67 and the average price of HBAR should be around $0.63.
Hedera price prediction November 2023: Hedera’s price for November 2023 according to our analysis should range between $0.6 to $0.69 and the average price of HBAR should be around $0.64.
Hedera price prediction December 2023: Hedera’s price for December 2023 according to our analysis should range between $0.61 to $0.7 and the average price of HBAR should be around $0.65.
Hedera's Long Term Price Prediction
Hedera’s long term Price Prediction below is a look at HBAR’s future prospect with regards to price. Hedera was last seen at $0.064, with a market cap of $1,631,213,732 and trading volumes of $35,560,524. HBAR’s price prediction is possible by analyzing historical price action, current developments and social sentiment from the community.
| Years | Avg Price | Lowest Price | Highest Price |
| 2023 | $0.51 | $0.41 | $0.61 |
| 2024 | $0.67 | $0.53 | $0.8 |
| 2025 | $0.88 | $0.7 | $1.06 |
| 2026 | $1.15 | $0.92 | $1.39 |
| 2027 | $1.51 | $1.21 | $1.82 |
| 2028 | $1.98 | $1.59 | $2.38 |
| 2029 | $2.60 | $2.08 | $3.12 |
| 2030 | $3.40 | $2.72 | $4.08 |
| 2031 | $4.46 | $3.56 | $5.35 |
| 2032 | $5.84 | $4.67 | $7.00 |
| 2033 | $7.65 | $6.12 | $9.18 |
Hedera price prediction 2023: Hedera’s price for 2023 according to our analysis should range between $0.41 to $0.61 and the average price of HBAR should be around $0.51.
Hedera price prediction 2024: Hedera’s price for 2024 according to our analysis should range between $0.53 to $0.8 and the average price of HBAR should be around $0.67.
Hedera price prediction 2025: Hedera’s price for 2025 according to our analysis should range between $0.7 to $1.06 and the average price of HBAR should be around $0.88.
Hedera price prediction 2026: Hedera’s price for 2026 according to our analysis should range between $0.92 to $1.39 and the average price of HBAR should be around $1.15.
Hedera price prediction 2027: Hedera’s price for 2027 according to our analysis should range between $1.21 to $1.82 and the average price of HBAR should be around $1.51.
Hedera price prediction 2028: Hedera’s price for 2028 according to our analysis should range between $1.59 to $2.38 and the average price of HBAR should be around $1.98.
Hedera price prediction 2029: Hedera’s price for 2029 according to our analysis should range between $2.08 to $3.12 and the average price of HBAR should be around $2.60.
Hedera price prediction 2030: Hedera’s price for 2030 according to our analysis should range between $2.72 to $4.08 and the average price of HBAR should be around $3.40.
Hedera price prediction 2031: Hedera’s price for 2031 according to our analysis should range between $3.56 to $5.35 and the average price of HBAR should be around $4.46.
Hedera price prediction 2032: Hedera’s price for 2032 according to our analysis should range between $4.67 to $7.00 and the average price of HBAR should be around $5.84.
Hedera price prediction 2033: Hedera’s price for 2033 according to our analysis should range between $6.12 to $9.18 and the average price of HBAR should be around $7.65.
A Historical look at Hedera, HBAR’s price:
HBAR/USD Pair
HBAR/EUR Pair
FAQs about Hedera
Hedera’s current price is $0.064 and witnessed a -1.51% decrease in the past 24 hours. HBAR/BTC pair saw a -2.77% decrease in the past 24 hours.
Investing in Hedera, HBAR will purely depend on your personal risk appetite. As you can see over the past 24 hours Hedera’s price has witnessed a -1.51% decrease and over the past 30 days Hedera has increased by 67.91%. So it all depends on if this investment will hit your trading goals.
According to our latest Hedera Price prediction for 2023, HBAR should vary between $0.61 and $0.41 Please keep in mind that the crypto market is very volatile and this Hedera price prediction does not account for extreme wild swings in price.
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According to the Hedera Price Prediction model above, HBAR’s price in 2024 would be $0.67. This price would however would range from $0.8 and $0.53.
According to the Hedera Price Prediction model above, HBAR’s price in 2025 would be $0.88. This price would however would range from $1.06 and $0.7.
According to the Hedera Price Prediction model above, HBAR’s price in 2026 would be $1.15. This price would however would range from $1.39 and $0.92.
According to the Hedera Price Prediction model above, HBAR’s price in 2027 would be $1.51. This price would however would range from $1.82 and $1.21.
According to the Hedera Price Prediction model above, HBAR’s price in 2028 would be $1.98. This price would however would range from $2.38 and $1.59.
According to the Hedera Price Prediction model above, HBAR’s price in 2029 would be $2.60. This price would however would range from $3.12 and $2.08.
According to the Hedera Price Prediction model above, HBAR’s price in 2030 would be $3.40. This price would however would range from $4.08 and $2.72.
According to the Hedera Price Prediction model above, HBAR’s price in 2031 would be $4.46. This price would however would range from $5.35 and $3.56.
According to the Hedera Price Prediction model above, HBAR’s price in 2032 would be $5.84. This price would however would range from $7.00 and $4.67.
According to the Hedera Price Prediction model above, HBAR’s price in 2033 would be $7.65. This price would however would range from $9.18 and $6.12.
The highest price for Hedera was recorded in 15th September 2021 during which HBAR hit an All Time High of $0.56
The price of 1 Hedera according to current market rate is $0.064
