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Breaking News: Raydium DEX's AMM Program Exploited For $1.34 Million — Here's What Went Wrong
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Breaking News: Raydium DEX's AMM Program Exploited For $1.34 Million — Here's What Went Wrong

Hedera: Investors Should Check Out These Data Before Buying HBAR

Christian Encila
Christian Encila
Last Updated: October 7, 2022 4:24 am
2 mins read
Hedera

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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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Christian Encila
Christian Encila

Christian Encila

Christian Encila is a journalist, editor, crypto analyst, and virtual assistant focused on storytelling, financial markets, and digital media. He blends strong writing skills with in-depth analysis, turning complex information into clear, accessible insights.

Read more

His writing began in college as a feature writer for his school publication, building research and storytelling skills. He later worked as an editor at a data engineering firm, gaining recognition for writing and discipline.

He expanded internationally in Canada and South Korea, then returned to the Philippines for a decade in a major newsroom. There he became a senior news writer and editor, simplifying complex topics for broad audiences.

He later moved into cryptocurrency journalism as a crypto analyst and market expert at NewsBTC, covering trends and blockchain developments. Alongside writing, he works as a Virtual Assistant supporting editorial operations, workflows, and coordination tasks.

Outside work, he enjoys motorbikes, riding a Yamaha R3, preferring relaxed coastal rides. He spends time with two cats and a dog, and unwinds with coffee, Filipino food, and occasional rum while watching comedy films.

His career blends journalism, analysis, and support roles, reflecting adaptability across media, markets, and digital content production in modern newsroom environments and remote work settings globally.

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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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