Hedera HBAR – Is This Altcoin’s Run Over?

Every crypto cycle has that one project everyone counts out. Until it proves everyone wrong. A year ago, people said Hedera was done. It’s slow, forgotten, just another old layer-1. But the truth is, while the noise faded, Hedera’s builders never stopped. 

They kept working behind the scenes. Surprisingly, Hedera has the second-largest core developer pool across all L1s. And there’s a lot more going on at Hedera. By the end of this video, you’ll understand why some believe the Hedera HBAR real run hasn’t even started yet. And that’s despite a nearly 180% ROI in the last 12 months.

What is Hedera ($HBAR)

Hedera ($HBAR) is a next-generation public network or Layer 1. It’s designed to make blockchain technology faster, fairer, and more sustainable. Instead of using a traditional blockchain, Hedera runs on something called Hashgraph. This is a different type of distributed ledger technology. It processes transactions in parallel. In other words, it can handle many transactions at once.  

Hedera is also extremely fast and energy-efficient compared to most blockchains. It’s a faster and cleaner version of blockchain. For instance, a single browser search uses 100x more energy than one $HBAR transaction. 

So, its network also has a high TPS or transactions per second. This goes hand in hand with low fees. $HBAR fees are fractions of a cent. It also has near instant finality. This means that you can’t reverse a transaction anymore. This makes it ideal for real-world use cases. For example, supply chain tracking, tokenization, or enterprise payments.

The Governing Council

There’s another feature that truly sets Hedera apart. That is its Governing Council. This is a group of global organizations that include companies like Google, IBM, Dell, or Hitachi. So, as you can see, these are some big, worldwide, known industry names. These Council members don’t just “sponsor” the project. They actually get their hands dirty, so to speak. 

They actively manage the network’s direction. For instance, they vote on updates and ensure stability and transparency. Each council member runs a consensus node operator on the $HBAR network. This council model gives Hedera a level of trust and decentralization through diversity. There’s also no single entity that controls it. There are 39 seats available and currently there are 29 seats occupied. 

So, in short, Hedera combines some important features. It has the speed and efficiency of modern technology. On the other hand, it also has the governance and reliability of major corporations. This offers a fresh approach to what a decentralized, enterprise-ready network can look like. Check my recent video on Hedera, In which I compare it with Cardano and Ripple’s $XRP.

Hedera $HBAR ETFs

As you may know, there’s currently a shut-down of the US government. So, when I purely look at ETFs, it means that the SEC can’t make a decision on ETF filings. However, we could have approvals for Grayscale and more any day.

So, after the $BTC and $ETH ETFs, the Hedera $HBAR ETF was in the second wave of approved ETFs. Canary Capital used a smart procedure to get this ETF live. That’s despite the SEC being in shut-down mode. It followed a new process that streamlined approvals for ETPs. However, these ETPs need to meet specific criteria.

These criteria are in effect during a U.S. government shutdown that limits SEC staffing. Canary met these standards. So, their filing became effective after 20 days. There was no need for lengthy, product-specific reviews, as usual by the SEC.

And that’s not all. The $HBAR ETF is enjoying some serious interest. On November 6th, it saw 6 consecutive days of inflow. It reached 387.4 million $HBAR under management. That’s a total market value of $67.9 million.

And you think that the Hedera HBAR ETF buck stopped there? Not a chance. Besides the single asset Canary $HBAR ETF, there are 12 other ETFs filed that reference $HBAR. And even that is not the end. WisdomTree just filed for a Coindesk 20 Fund ETF. This should also include $HBAR. And another two filings were added. So, this brings the current total filings for $HBAR ETFs to 15 with 1 already being live. In the long term, this could have a positive impact on the $HBAR price.

Did Hedera HBAR Already Peak, or Can It Go Higher?

So, the burning question is if Hedera HBAR can still go higher during this run, or has it already peaked? For this, we need to look back and see what the $HBAR price has done over the last couple of months. So, first, let’s go back to a bit over a year. In early November 2024, the $HBAR price was around 4 and a half cents. A month later, it was at almost 37 cents. That’s a good 8x. In mid-January, it peaked at 37.5 cents for this moment. However, its ATH is still at almost 57 cents from 4 years ago. What I do like about $HBAR is that 84% of the $HBAR tokens already circulate. 

The current Hedera HBAR price is a bit less exciting, at 19 cents. That’s 15% up on the day. That’s in all fairness, good! However, our new TA guy, Joe, did recently a check on $HBAR. His prognosis is not that great. In his video, he mentions that liquidation levels were around 14 to 15 cents. His recommendation is to buy around 13 cents. 

On the other hand, with all what is going on, it’s also an option that $HBAR will hover around 25 to 30 cents. If the ETFs and institutional interest work out well, we can even see a 35 to 40 cents price range. So, right now, it looks like $HBAR can do a max of 2x. It all depends on how the general crypto market develops after December, when QT stops. I do hope that we will be in for a nice surprise.

So, how far do you think the $HBAR price can go? Let me know in the comments and follow our X and Discord channels.

Disclaimer

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