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HBAR Price Prediction: Can Hedera Hashgraph Achieve US$1 Milestone in 2021?

The crypto projects have gained huge popularity among investors (both institutional and retail). The potential of handling transactions in a decentralized environment has made altcoins accelerate, more than the largest crypto, Bitcoin (whose dominance stands at 41% currently). This is because a transaction on the Bitcoin blockchain takes a lot of time and data accessibility limitations are there. 

The Hedera Hashgraph project was launched for resolving these issues. The objective of this protocol is to offer blockchain features as a distributed ledger technology (DLT) without having any limitations. Moreover, this network is eco-friendly and highly secure. It comes with major advantages such as the ability to make network transactions and microtransactions in just a click. 

If you are interested to invest and trade the native token of the Hedera Hashgraph, which is HBAR, for yielding profit and sustainability, you must know more about the project, its potential, fundamentals, and price predictions/forecasts (up to 2025).

Hedera Hashgraph (HBAR) Coins: Facts & Figures

All these facts and figures will help you to make a decision on investing in Hedera Hashgraph by making HBAR price predictions:

  • HBAR cryptocurrency price (Current): US$0.4443 (as of September 17, 2021)
  • Trading Volume (24 hour): US$994,811,936
  • All-Time High (ATH) Price: US$0.5701 (reached on Sep 16, 2021)
  • All Time Low (ATL) Price: US$$0.01001 (reached on Jan 02, 2020)
  • YTD (Year-To-Date) Return: +1,245.45% (Jan 1, 2021 to September 17, 2021)
  • Market Cap: US$4,231,987,385
  • Crypto Rank (in terms of market cap): 41
  • Fully Diluted Market Cap: US$22,002,534,235
  • Max Supply: 50,000,000,000
  • Total Supply: 50,000,000,000
  • Circulating Supply: 9.64 billion HBAR

What is Hedera Hashgraph (HBAR)?

The Hedera Hashgraph project uses the fast, fair, and secure hashgraph consensus mechanism for running dApps (Decentralized Applications). This is the only public distributed ledger technology that uses a hashgraph consensus mechanism. It was designed for coming up with a fairer and more efficient system that does away with some of the limitations (instability and slow performance) of the older blockchain-based platforms. 

Dr. Leemon Baird and Mance Harmon are the two founders of Hedera Hashgraph. Though the network was co-founded back in mid-2010, the project’s native token (HBAR) was initially released in July 2017. In August 2018, the ICO (Initial Coin Offering) was done and the open access to its mainnet was launched in September 2019. 

The one reason that makes Hashgraph so special is its higher transaction speeds. Statistics show that 10,000 transactions can be done per second. Hashgraph is called a superior blockchain as all payments take place in a secure, fair, and rapid way. 

Within the Hedera Hashgraph network, the native HBAR token mainly has two purposes:

  1. HBAR token works as the fuel, which actuates services of Hedera that include file storage, smart contracts, and regular transactions.
  1. The HBAR token is used for enhancing the security of the network. 

Hedera Hashgraph HBAR Price Prediction 

The price of the HBAR token was hovering around US$0.03 at the beginning of 2021 and it kept trading sideways for some days. However, it shot up to US$0.1 by the first week of February 2021. This bullish trend continued till mid-March 2021 and went on to hit US$0.4495. 

The Hedera Hashgraph project closed many partnerships and also carried out many new updates. The Indian Institute of Technology Madras (IIT-M) joined the Hedera Governing Council for expanding its research footprint in the use cases of the new blockchain, especially in DLT (distributed ledger technology). The announcement of this partnership was done on September 14, 2021. 

Just after this announcement, the HBAR coin’s price hit an all-time high at US$0.4790. However, at press time on September 17, 2021, the price of the Hedera Hashgraph coin was hovering around US$0.4376. 

HBAR Price Forecast 2021

  • If the current sentiment persists, the HBAR is likely to increase 3-folds to reach US$1.23 by the end of 2021. The average price may hover around US$0.825 per HBAR coin. 
  • If their plan of scheduled updates is achieved, HBAR price may witness another bull run, which can take the price to US$3.968 by 2021-end. 
  • In case, the scheduled updates are not achieved by the Hedera Hashgraph project, the price is likely to fall to US$0.6859. 
  • The most likely scenario is that the HBAR price would hover between US$0.752 and US$1.35.

HBAR Price Forecast 2022

The price of Hedera Hashgraph’s native token is expected to rise further, HBAR price analysis shows. 

  • By the end of 2022, the average price at which HBAR coin will trade is around US$2.4. 
  • The price trend is expected to hit a high at US4.825.
  • If the price trend can’t sustain the upward trend, it may come down to US$0.9.
  • The most likely scenarios are:
  • HBAR price will achieve the US$1 mark in 2022.
  • HBAR price will hover between US$1.25 and US$4.2.

HBAR Price Prediction For The Next Five Years (till 2026)

  • In the next 5-years, the price of HBAR is expected to rise to above US$5. In fact, it could even hit a new high at US$8.
  • If the upward momentum is not sustained, it’ll likely come down to near US$2. 
  • The most likely scenario is that the HBAR price would hover between US$2.5 and US$7.5.

Final Words

You can buy Hedera Hashgraph now to experience a massive price increase in the coming 1-to-5-years. Always remember that cryptocurrency forecasts and investment advice always come with the risk of loss. As prices of digital assets are highly volatile, you should be ready to consider the loss aspect too. If you can’t afford to lose money, crypto forecasts and crypto investment are not for you. Instead invest in fixed income assets. 

To be sure about your investment, always go through the fundamentals, technicals, and historical data of the price of the Hedera Hashgraph market. Once you are absolutely sure about investing, go through the forecasted HBAR price, and then invest.