Hedera Hashgraph (HBAR) Upsurges Nearly 95% Within A Week

Hedera Hashgraph (HBAR) Upsurges Nearly 95% Within A Week
  • Hedera Hashgraph (HBAR) has surged in price value to 95% within a week.
  • This network is a public network that enables businesses to build DApps.
  • On September 11, Hedera Hashgraph announced the integration with FOBI.

Since cryptocurrencies are becoming increasingly popular around the world, a slew of new coins have emerged, each with its own set of features and developments. The technology that each network employs has piqued the interest of investors, prompting them to invest in their tokens. Similarly, checking the trading chart of cryptos on a regular basis has become a behavior pattern for developers and investors.

Considering the exceptional growth of digital assets, the market has undergone significant transformation in recent years. Witnessing new coins every week has become usual, and the number of crypto-assets is growing by the day. The blockchain-based technology integrated into the crypto market has generated a phenomenal changeover within the past few years. Many altcoins are outperforming the leading cryptocurrencies while one such coin which performs well currently is Hedera Hashgraph (HBAR).

The Hedera Hashgraph network is a public network that enables businesses and individuals to build powerful decentralized applications (DApps). HBAR is Hedera’s native and energy-efficient token that drives the decentralized economy. It is a platform that positions itself as a more secure and faster alternative to blockchain.

Current Market Status

At the time of writing, the trading price of Hedera Hashgraph (HBAR) is $0.54 with a trading volume of $1,308,406,242 in the last 24-hours. According to Coinmarketcap, HBAR has surged to 95% within a week and 26% up in the last 24-hours. Moreover, the current circulating supply of HBAR coins is 9,633,179,137 and it holds the 33rd rank.

Trading Chart of HBAR

The chart depicts the bullish pattern for the past week. The price of HBAR has surged from $0.25 to $0.54 within seven days and with 30-day statistics, the chart displays a nearly 110% price surge. The top exchanges where HBAR can be traded are Binance, Mandala Exchange, OKEx, Huobi Global, and FTX.

FOBI Integrates Hedera Hashgraph

Hedera Hashgraph announced the integration with FOBI on September 11. This integration enables Fobi to offer a secure wallet. Fobi is a leading platform which supports real-time data analytics via artificial intelligence to drive user engagements. It is the first company to issue a simple public-ledger-backed digital credential in their mobile wallet. Furthermore, it enables clients to quickly and easily issue and manage credentials for their users.

Considering the recent updates, the issuance of Fobi’s mobile wallet-based credentials signed on the Hedera Hashgraph ledger might be the reason for the price surge. The on-going developments in the ecosystem trigger users to expect more highs. However, HBAR has the potential to reach new highs, and its advancements will contribute to a price surge in the coming days.

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