Hedera Hashgraph Hits Milestone Price After Huge Gains in Crypto News
We recently reported on Hedera Hashgraph's (HBAR) impressive gains in the crypto market, and it seems the promising crypto continues to hit milestones as it achieved a new all-time high (ATH) price. This was reported by data analytics firm, Santiment, who published the news on their Twitter account.
HBAR is currently trading around $0.1267, setting a new ATH for the altcoin as it registered an impressive 107% surge in price over the last 24 hours. In addition to this, HBAR has also seen a rise of 300% since its launch this year, recording an overall increase of over 2000%.
The huge gains experienced by HBAR can be attributed to the fact that it is a decentralized cryptocurrency with no single owner or controlling entity. As such, it provides users with more privacy and security than regular digital currencies.
In addition to this, HBAR is also being used as an incentivization token for projects such as decentralized finance and distributed ledger technologies. This has also played a role in its meteoric rise in crypto news.
The project is backed by industry heavyweights such as IBM and Google Ventures and other successful companies like Binance and ErisX. In addition to these partnerships, Hedera Hashgraph's network of developers is constantly working on further improvements that could lead to even more growth for the cryptocurrency.