HBAR Poised for 100% Surge as Swift and Nasdaq Bet Big
- Hedera (HBAR) is rebounding from a $0.18 low and positioning for a strong surge.
- Swift plans to integrate Hederas blockchain, with trials this year and full rollout by 2025.
- Nasdaq proposed the Canary HBAR ETF to offer institutional exposure and boost liquidity.
- Analysts see bullish potential, with a possible 100% surge toward $0.504.
Hedera is showing strong bullish momentum, positioning itself for a potential breakout. After facing turbulence and market volatility, the token recently touched a low of $0.18. However, it has since rebounded, aligning with the broader market recovery and setting the stage for a significant price surge.
Swifts Blockchain Integration with Hedera
A major catalyst for HBARs bullish trajectory is Swifts recent announcement to integrate Hederas blockchain technology across North America, Europe, and Asia. As the worlds leading financial messaging network, Swifts move underscores growing institutional adoption of Hederas enterprise-grade blockchain.
Dylan Brady, CEO of Tosho.io, revealed that Swift will commence live blockchain trials with Hedera this year, with a full-scale rollout planned for 2025. This development could revolutionize cross-border payments, reinforcing Hederas role in global financial transactions and driving demand for the token.
Nasdaqs Canary HBAR ETF Proposal
Further fueling optimism, Nasdaq has filed a proposal with the U.S. Securities and Exchange Commission (SEC) to list and trade shares of the Canary HBAR ETF. This ETF aims to offer institutional investors exposure to the token, potentially attracting significant capital inflows.
The ETF will track HBARs spot price using the CoinDesk Hedera USD CCIX 30-minute NY Rate, ensuring a transparent valuation based on aggregated market data. If approved, the ETF could provide a substantial boost to HBARs liquidity and market presence.
HBAR Eyes 100% Surge as Bullish Momentum Builds
Crypto market sentiment remains optimistic, with notable traders highlighting HBARs strong upward potential. One projection suggests that after a previous 669% rally, the token still maintains its bullish structure, with a potential target of $0.504, implying a possible 100% surge in the near future.
With increasing institutional adoption, ETF developments, and bullish market sentiment, the token appears primed for a significant rally. If momentum continues, the token could reach new highs, reinforcing its status as a key player in the blockchain space.
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Read more: https://www.tronweekly.com/hbar-poised-for-100-surge-as-swift-and-nasdaq-bet-big/
Text source: TronWeekly
