- Javon Marks believes that Hbar and and his ability to exceed technical levels.
- The Hedera ETF application from Grayscale is currently being examined by the SEC, with the phase of public statements and counterfeiting running.
There is currently a cryptocurrency that is slowly but surely getting more attention, namely Hedera with its flagship token. Hbar has the potential to rise quickly now, up to more than 100% of its current course.
Hashgraph puts traditional blockchain technology in the shade
We usually hear that crypto with blockchain is identical – which is simply not true. Ivy Do not use blockchain, but the hashgraph technology that works differently and is much more unique and faster.
The Hashgraph network offers much higher transaction speeds and reaches 10,000 TPS (transactions per second). Bitcoin reaches 7 TPS. It is obvious, Hbar is more suitable for mass transactions.
It is even more interesting that the transaction fees are very low. In order to send money with this network, only fractions of a center are incurred.
SEC test of the Hedera-ETF could turn the paper
Grayscale’s Hedera ETF application is currently being examined by the SEC, with the three-week phase of public statements and, if necessary, objections. During this time, different parties of the SEC will provide their views and suggestions.
If the Hedera ETF is approved by the SEC, the effects for the HBAR token could be significant. When Grayscale introduced the Bitcoin ETF, the market interest rose sharply immediately. So it is not excluded that the HBAR course will also shoot up when the SEC gives the green light.
Analyst predicts that Hbar increases by over 144%
The optimism in terms of HBAR is not just empty dreaming of investors who hope for happiness. The renowned cryptoanalyst Javon Marks explained In his latest X-Post, the potential for an increase in the price of the Hedera token. Marks estimates that the next price target for HBAR will be around $ 0.504.
At the moment, Hbar is still far below this value. However, if the upward dynamics last and the target of $ 0.504 is achieved, there is a clear way to a higher level, namely $ 0.962. Overall, the increase compared to the current level could achieve more than 144%.
Big names-great worries: Hederas Governance Dilemma
However, there are still serious problems for Hedera. One of the greatest is the problem of centralization, which is still connected to this project. Hedera is regulated by an board of directors that consists of large companies such as Google, IBM and Visa.
On the one hand, these big names can actually give investors a better feeling. On the other hand, they are a red cloth for everyone who considers a completely decentralized system necessary.
In fact, Hedera has indeed promised to complete the transition to a complete decentralization. However, the implementation of the promise is still in the planning phase – and it takes a long time. So patience is required.
At the editorial deadline, Hbar is traded at $ 0.1898, which corresponds to a decline of 5.12% in the last 24 hours.
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