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Breaking News: Tether Targets $500 Billion Valuation In New Equity Offering Amid US Expansion Plans
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Breaking News: Tether Targets $500 Billion Valuation In New Equity Offering Amid US Expansion Plans

Hedera Gains 25% Amid General Market Losses – Will HBAR Push On?

Semilore Faleti
Semilore Faleti
1 year ago
3 mins read

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After a rather explosive start to 2023, the crypto market seems to be undergoing a general price correction, with several assets recording losses over the last week. During this period, the total crypto market cap has decreased by 7.17%, falling off the $1 trillion mark.

However, Hedera (HBAR) has been one of the few cryptocurrencies to have maintained its bullish form despite the widespread price drops. Historically, Hedera is well-known as a crypto asset capable of generating significant returns during a bear market.

In the last seven days, where multiple assets – including BTC – have seen their prices decline, HBAR recorded a stunning 25.30% gain, boosting its total price gain in 2023 to 147.22% based on data from CoinMarketCap.

At the time of writing, HBAR is trading at $0.08871. In the last 24 hours, its trading volume surged by 84.94% to $225.7 million, while its market cap was set at $2.3 billion.

hederaHBAR Trading at $ 0.08873 | Source: HBARUSD Chart on TradingView.com.

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1 year ago

Hedera: Interesting Announcements During HBAR’s Price Rally 

The positive price movement of HBAR in the last week was spurred by numerous factors, part of which were the exciting developments that took place on its underlying network during the same period.

On Wednesday, Jan. 8,  Hedera announced its integration with the popular multichain DEX Pangolin. With the deployment of Pangolin on the Hedera Mainnet, Pangolin users across its 16 chains can seamlessly swap, farm, stake and vote on Hedera. 

In addition, Hedera also unveiled its partnership with AfrofutureDAO to launch a $1 million Africa Metaverse Fund aimed at helping the African creative industry to launch into the Web3 space. 

The first project of this collaboration is known as “Derived”, which is now operational on the Hedera network. Derived functions as a platform that allows NFT artists to collaborate with African museums, thus employing rich archives in their artwork.

However, the biggest announcement by Hedera this week, causing the highest level of excitement among its user community, was the onboarding of Dell Technologies as a member of its Governing Council.

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1 year ago

Dell Partners With Hedera

Dell, one of the world’s computing giants, became the 39th member of the Hedera Governing Council alongside other prominent names such as LG Electronics, Standard Bank Group, Ubisoft, IBM, Google, etc. 

Dell is considered a powerhouse in various fields, including data analytics, cloud computing, IT consultancy, etc. Through its partnership with Hedera, Dell will explore integrating distributed ledger technology (DLT) with traditional technological products and services. 

If Dell’s blockchain venture is successful, it could lead to many technology companies exploring the applications of blockchain and DLT in their respective operations, thus providing customers with higher levels of transparency and security. 

Featured Image: InvestingCube, Chart from TradingView
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Semilore Faleti
Semilore Faleti

Semilore Faleti

Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency.

Read more

Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems.

In two years of active crypto writing, Semilore has covered multiple aspects of the digital asset space including blockchains, decentralized finance (DeFi), staking, non-fungible tokens (NFT), regulations and network upgrades among others.

In his early years, Semilore honed his skills as a content writer, curating educational articles that catered to a wide audience. His pieces were particularly valuable for individuals new to the crypto space, offering insightful explanations that demystified the world of digital currencies.

Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that his current work remains accessible, accurate and informative.

Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information.

Through his meticulous research and engaging writing style, Semilore strives to establish himself as a trusted source in the crypto journalism field to inform and educate his audience on the latest trends and developments in the rapidly evolving world of digital assets.

Outside his work, Semilore possesses other passions like all individuals. He is a big music fan with an interest in almost every genre. He can be described as a “music nomad” always ready to listen to new artists and explore new trends.

Semilore Faleti is also a strong advocate for social justice, preaching fairness, inclusivity, and equity. He actively promotes the engagement of issues centred around systemic inequalities and all forms of discrimination.

He also promotes political participation by all persons at all levels. He believes active contribution to governmental systems and policies is the fastest and most effective way to bring about permanent positive change in any society.

In conclusion, Semilore Faleti exemplifies the convergence of expertise, passion, and advocacy in the world of crypto journalism. He is a rare individual whose work in documenting the evolution of cryptocurrency will remain relevant for years to come.

His dedication to demystifying digital assets and advocating for their adoption, combined with his commitment to social justice and political engagement, positions him as a dynamic and influential voice in the industry.

Whether through his meticulous reporting at NewsBTC or his fervent promotion of fairness and equity, Semilore continues to inform, educate, and inspire his audience, striving for a more transparent and inclusive financial future.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

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