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Hedera Hashgraph Token (HBAR): Everything you Wanted to Know as a Beginner before Investing!

Hedera Hashgraph token (HBAR) is one of the top 50 most popular cryptocurrencies currently. In terms of market cap, it is currently the 35th largest digital currency (over US$6.69 billion in market capitalizations). Should you invest in it? Is it a good investment? To answer all your queries, let me walk you through HBAR coin, how it works, and many more.

What is the Hedera Hashgraph token (HBAR)? How does it Work?

Dr. Leemon Baird and Mance Harmon are the two co-founders of Hedera Hashgraph project. This project introduces Hashgraph, a completely novel type of Distributed Ledger Technology (DLT). This technology helps in improving various blockchain-based alternatives in multifarious areas such as:

  • Speed
  • Cost
  • Scalability

An average transaction fee of Hedera transactions is only US$0.0001 and usually reaches finality in below 5 seconds. While proof of work (PoW) based blockchains can handle around 5-to-20 transactions per second (TPS), Hedera Hashgraph is capable of handling over 10,000 transactions per second (TPS). 

For the decentralized economy, Hedera protocol is definitely the most sustainable and used enterprise-grade public network. You can use this network for creating powerful dApps (decentralized applications). This system is both more efficient and fairer, eliminating both instability and slow performance. 

In the Hedera public network, the Hedera HBAR token has dual role:

  • It works as a fuel for powering Hedera services like smart contrcacts, regular transactions, and file storage.
  • It helps in securing the network. This is made possible by the users of HBAR token, who stake their coins for assisting integrity maintenance of the Hedera Hashgraph platform.

Many major network services are provided by the Hedera platform:

  1. You, as a user, can use the HBAR token service for minting and configuring NFTs (non fungible tokens) and fungible tokens. To do this, you simply have to write a few lines of codes on Hedera.

  1. The Hedera consensus algorithm service of the platform acts as a trust layer any network or application that requires a secure and verifiable event logs.

  1. Smart contract tools help developers in building powerful and efficient dApps.

  1. Decentralized file storage services having features that have:
  1. Proof of deletion
  2. Controlled mutability
  3. Time-based file expiry

Hedera Hashgraph token (HBAR): Facts & Figures

All these facts and figures (as of November 10, 2021) will help you to make a decision on investing in the Hedera Hashgraph token. Before making HBAR coin transactions, check out these facts and figures associated with this cryptocurrency of choice:

  • Hedera Hashgraph HBAR Price: US$0.4442 (Current Hedera Price)
  • 24hour Trading Volume (24h Volume): US$228,685,169
  • 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)
  • 24h Low: US$0.4212
  • 7d Low: US$0.3727
  • 30d Low: US$0.3229
  • 90d Low: US$0.2165
  • 52 Week Low: US$0.02956
  • YTD (Year-To-Date) Return: 1,253.33% YTD (Year-To-Date)
  • Market Cap: US$6,692,165,720 (US$ 6.69 billion)
  • Crypto Rank (in terms of market cap): 35th in the crypto market
  • Fully Diluted Market Cap: US$22,198,409,343
  • Max Supply: 50,000,000,000
  • Total Supply: 50,000,000,000
  • Circulating Supply: 15.02 billion HBAR (30%)

These are the facts that made HBAR coin a preferred medium of exchange. Always check out market data and technical analysis before trading or investing. Also, consult crypto financial advisors and get tips from them on trending coins, know the ways of buying cryptocurrencies, and how to earn crypto easily. 

HBAR Coin Price Prediction

  • According to Wallet Investor, the average price of HBAR is going to reach around:
  • US$$1.854 by 2026. 

  • According to Cryptocurrency Price Prediction, the average price of HBAR is going to reach:
  • US$9.3 by 2025.

  • According to CoinArbitrageBot, the average price of HBAR is going to reach:
  • US$0.58839 by 2023.
  • US$1.31569 by 2024. 

  • According to GOV Capital, the average price of HBAR is going to reach:
  • US$0.717912 by 2022-end.

Where can you Buy Hedera Hashgraph tokens?

You can buy HBAR coins in almost all reputed cryptocurrency exchanges including:

  • Binance
  • Bittrex
  • Huobi Global, and many more.

You can use credit cards, debit cards, or money transfers from a bank account to fund your cryptocurrency trading or investing account in a leading cryptocurrency exchange. 

The most popular price pairs of HBAR are:

  • HBAR/INR, and many more.

Before investing, check out historical data of token HBAR, crypto news, Hedera Hashgraph token price charts, price performance, market updates, HBAR to USD (United States Dollar) exchange rate, the value of HBAR, trading fees, and others.

What are the Best Crypto Wallets to Store HBAR Coins?

The best Hedera Hashgraph token wallets to store HBAR coins are:

  1. D’CENT
  2. Guarda
  3. Atomic
  4. Exodus
  5. SimpleHold
  6. Edge Wallet

Invest in Hedera Hashgraph token and Other Cryptocurrencies

You can buy and sell HBAR and other virtual currencies against various fiat currencies (US Dollar USD, British Pound Sterling, Canadian Dollar CAD, South Korean WON, Singapore Dollar, Taiwan Dollar, Russian Ruble, Chinese Yuan, Hong Kong Dollar, etc.) through a wide array of crypto exchanges (centralized or decentralized exchanges), crypto APIs or mobile app, and Hedera Hashgraph token markets. Use Dollar Cost Averaging DCA strategy to invest in cryptos to minimize the risks associated with high volatility. 

If you want to increase your investment explosively in the coming 5-to-10 years, buy crypto coins now. Keep an eye on the market news, price statistics, block times, blockchain news, and others to time your trading of Defi protocols and tokens for maximum profit. 

You can also diversify your crypto coin portfolio by including other digital assets such as HBAR, XMR, FIL, ETC, WBTC, BCH, BTC, AAVE, Ripple XRP, Bitcoin Ether ETH, Bitcoin Gold (also called Bit Gold), Bitcoin Cash BCH, Basic Attention Token, Ethereum Classic, Shiba Inu SHIB, Binance Coin, Wrapped Bitcoin (some also call it wrap bitcoin or wBTC), USD Coin, Gemini Dollar, ERC20 tokens (created on Ethereum blockchain), nonfungible tokens NFTs, and others. 

Invest in cryptocurrencies, various types of stocks, mutual funds, index funds, real estate, and others to improve your personal finance. If possible, get help from a portfolio manager or wealth management firm for maximum return. You can also increase your income through yield farming, using telegram bot and other automated trading bots, and many more.

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NapBots provides you various indices that include a basket of tokens with high market capitalization and are categorized by theme (such as Solana, NFT, DeFi, and others). This platform introduces an intuitive interface as well as advanced allocation tools for enabling new investors to create and manage advanced crypto indices easily.

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