Hedera: Investors Should Check Out These Data Before Buying HBAR
Hedera shows lots of potential, despite some major hiccups lately.
Investors will be better equipped if they examine some key data
before acquiring HBAR. Here’s a quick look at some important
numbers: HBAR currently trades at $0.05798 Trading volume currently
at $36.2 million Hedera circulating supply at 22.97% Hedera is a
new and revolutionary open-sourced crypto network that utilizes a
distributed ledger technology that is designed to allow both
developers and users to use DApps. Related Reading: Polkadot Seeing
Lots Of Development Activity – But Why Is DOT Stuck In The Cellar?
HBAR Up 2.05% As Of Press Time HBAR’s development activity has seen
tremendous growth in such a short span of time since November 2018.
Notably, HBAR has ranked third, next to Polkadot (DOT) and Cardano
(ADA). Hedera is designed to solve the nagging problems in terms of
scalability, which is a huge problem among blockchains. Right now,
Hedera is seen to be one of the winners in terms of scalability and
security when pitted with other blockchains which is why it remains
to be one of the most popular and widely used enterprise-grade
blockchain in the world. According to CoinMarketCap, HBAR, the 39th
largest cryptocurrency, trades at $0.05798 or shows a spike of
2.05% as of press time. With its current price, HBAR is noticeably
91% sidetracked from its all-time high. Hedera Trading Volume Down
89% On a year-to-date basis, HBAR has also evidently dropped by
408%. The downtrend of HBAR has started following its daily high
that registered at $249.68 million seen on May 12. The trading
volume of HBAR is currently at $36.2 million, showing a decline of
89% since its ATH on May 12. More so, the circulating supply of
HBAR has also plunged together with the trading volume and price.
The circulating supply is at 22.97 billion or at 46% since January.
The daily chart for HBAR shows the spike of buying pressure that is
growing to date. Meanwhile, it’s worth noting that HBAR
liquidations only made up 0.00001% of the total market’s $52.04
million in liquidations during the past 24 hours. Coinglass reports
that the total value of all HBAR trades in the preceding 24 hours
was pegged at $6,615. Related Reading: SAND Has Just Been Added On
Binance US – Will It Hit $1 In The Coming Days? HBAR market cap at
$1.32 billion | Featured image from Freepik, Chart: TradingView.com
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