Market Analysis & Price Action - Trading volume for HBAR is up almost 20% in the last 24 hours, indicating rising demand [1] - A daily candle close over 26.5 cents is needed to target the July high of around 30.5 cents, with a subsequent target of the January high [1] - Breaking the all-time high could lead to a price range of $1 to $3, similar to market caps achieved by ADA and Dogecoin [1] - The market is anticipated to rebound by the end of the month, potentially supporting HBAR's growth to 30+ cents, leading to a 40+ cent breakout and a retest of 57 cents [1] Ecosystem Expansion & Adoption - The Hedera ecosystem is expanding rapidly with listings on exchanges like Robinhood (25 million users), supporting future price action [1] - Valor Funds launched two ETPs in Switzerland, including a Hedera HBAR physical staking ETP, through the SIX Swiss Exchange [1] - Hedera has the most bullish sentiment of all listed blockchain networks per CoinMarketCap, surpassing networks like Near, Link, XLM, and ADA [1] - DeFi TVL on Hedera is growing rapidly, reaching approximately $120 million [2] - More NFT projects are launching on Hedera due to efficient gas fees, with Dead Pixels Club generating significant trading volume [2] NFT Market Performance - Dead Pixels Club's 24-hour volume reached 1.7 million HBAR, equivalent to $45,000 USD, surpassing Pudgy Penguins and CryptoPunks V1 [2] - Dead Pixels Club has a market cap of $10 million, compared to $478 million for Pudgy Penguins and $496 million for Bored Ape Yacht Club [7] - The "Forever Mint" mechanism introduced by Dead Pixels Club is driving increased liquidity and attracting new holders [11][12][13]
Something INSANE Is Happening On Hedera HBAR Right Now!
NCashOfficial - Daily Crypto & Finance Newsยท2025-08-23 21:00