HBAR Breaks Out: 85.8% Surge Expected as Hedera Gains Global Momentum
- HBAR gains 4.55%, trading at $0.193078 with a $6.90 billion market cap.
- An 85.8% surge is expected, supported by a falling wedge pattern.
- Hedera is the only DLT in the Institute of International Finance, alongside major banks.
- TVL on SaucerSwap rises 132%, while Hedera expands stablecoin-based cross-border payments.
Hedera Hashgraph (HBAR) is gaining strong momentum, showing a 4.55% increase in the last 24 hours. Currently trading at $0.193078, the cryptocurrency has a 24-hour trading volume of $390.15 million and a market cap of $6.90 billion. With a bullish setup forming, HBAR appears to be on the verge of a significant breakout.
Market analysts predict an 85.8% surge in price by March 2025, supported by a falling wedge pattern, one of the strongest indicators of a potential upward move. Several key factors are driving this momentum. The total value locked (TVL) on SaucerSwap has surged to $121.7 million, reflecting an impressive 132% growth.
Additionally, over 400,000 trades and $132 million in weekly decentralized exchange (DEX) volume indicate growing adoption. Another major catalyst could be the potential approval of a spot HBAR exchange-traded fund (ETF), which would open the doors for institutional investment.
HBARs Push for Cross-Border Payment Innovation
Beyond technical indicators, Hedera Hashgraph has carved out a unique position in the global financial landscape. It is the only distributed ledger technology (DLT) recognized as a member of the Institute of International Finance (IIF), an organization representing over 450 major financial institutions, including BlackRock, JPMorgan Chase, Vanguard, and Bank of America. This strategic affiliation places Hedera at the forefront of blockchain integration within traditional finance.
Hedera is actively working on several groundbreaking initiatives, including the use of stablecoins for cross-border payments, streamlining transactions worth trillions annually. The platform is also advancing asset tokenization, enabling real-time settlement of bonds, equities, and other financial instruments while ensuring enhanced transparency.
Regulatory compliance remains a priority, as Hedera aims to provide financial integrity in an evolving digital economy. Additionally, its focus on improving financial infrastructure contributes to greater efficiency, security, and scalability in the global financial ecosystem.
With strong market indicators, increasing adoption, and partnerships with some of the worlds largest financial institutions, HBAR is positioning itself as a key player in the future of decentralized finance. As momentum builds, investors are closely watching for a potential breakout that could drive significant price appreciation in the months ahead.
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Read more: https://www.tronweekly.com/hbar-breaks-out-85-8-surge-expected-as-hedera-gains-global-momentum/
Text source: TronWeekly
