HBAR (Hedera) up 12.87% in 24 hours

According to Gate News Bot on December 3, citing CoinMarketCap data, as of press time, HBAR (Hedera) is trading at $0.15, up 12.87% in the past 24 hours, with a high of $0.15 and a low of $0.13. The current market capitalization is approximately $6.318 billion, an increase of $720 million compared to yesterday.

Hedera is a public network governed by a council of leading global institutions, dedicated to providing a fast, secure, and compliant infrastructure for decentralized applications. Hedera leverages innovative hashgraph consensus technology to power decentralized applications without compromising speed, efficiency, or security. As the only public network managed by known institutions, Hedera’s unique governance framework delivers robust decentralization, unmatched transparency, and trusted decision-making.

Recent key news about HBAR:

1️⃣ Market Sentiment Recovery Drives HBAR Price Up HBAR’s price has risen significantly by 12.87% over the past 24 hours to $0.15. This increase reflects improved overall sentiment in the cryptocurrency market, with investors remaining optimistic about the development prospects of the Hedera ecosystem.

2️⃣ Increased Activity on the Hedera Network There has been a recent uptick in transaction activity on the Hedera network, likely due to more developers and enterprises building and deploying applications on the Hedera platform. Increased network usage helps support the value of HBAR.

3️⃣ Technical Breakthrough Drives Buying HBAR’s price has broken through key technical resistance levels, triggering a wave of buying. From a technical analysis perspective, this breakout may attract more investor attention, further driving the price upward.

From a technical standpoint, HBAR is currently in an uptrend and may continue to test higher price levels in the short term. However, given the high volatility of the cryptocurrency market, investors should remain cautious and be mindful of potential pullback risks.

This information does not constitute investment advice. Investment involves risks due to market volatility.