Hedera Network is a blockchain that presents itself as an alternative to other blockchains regarding the speed and security of the network. It is designed to be a fairer and more efficient system and eliminate the problem of slow performance and instability as in the old blockchain-based platforms.
Hedera Hashgraph technology is designed in such a way that it can reach 100,000 transactions per second.
Dr. Leemon Baird and Mance Harmon are the founders of the Hedera hashgraph.
HBAR is the warning token of the Hedera network. It is used for two purposes on the Hedera network:
- HBAR is used to perform operations on the Hedera network such as smart contracts, file storage, and regular transactions.
- The HBAR token can be used for staking in order to ensure the integrity of the platform and, in turn, helps secure the network.
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HBAR will reach $20: What’s unique about HBAR and the Hedera network?
HBAR is the native and energy-efficient cryptocurrency of the Hedera public network, currently governed and operated by 29 companies from different corners of the world. HBRs are used to power decentralized applications and protect the network from malicious actors.
Instead of being developed on a typical blockchain, Hedera is built on Hashgraph, which is a more stable, sustainable and secure version of distributed ledger technology.
Hashgraph is built for speed, can perform 10,000 transactions per second, is a significant jump from 20 (max) transactions per second for well-established PoW (Proof-of-Work) based blockchain networks.
In addition to it, a board of 19 multinationals from around the world governs the Hedera platform and the software that runs on millions of nodes globally. Hedera is not in fact the usual blockchain but it is like a chart built with different blocks.
The Hedera hashgraph is cost-efficient. The average fee charged by the 1st and 2nd generation of blockchain networks is $1,654 and $522, respectively, which is huge compared to the $0.0001 charged by Hedera.
It is also energy efficient. The energy consumed by blockchains based on BTC and ETH is 885+ and 102+ KWH, but Hedera consumes only 0.00017 KWH.
HBAR in the last 3 months
- Dump: May 23 to May 29 – Price drops from $0.1 to $0.08
- Dump: June 7 to June 15 – Price drops from $0.96 to $0.06
- Pump: June 19 to June 21 – Price rises from $0.058 to $0.077
- Dump: June 26 to June 30 – Price drops from $0.074 to $0.06
- Pump: July 13 to July 20 – Price rises from $0.059 to $0.077
- Dump: August 1 to August 31: Price drops from $0.071 to $0.063
How to buy HBAR?
The 1st step is to find the right cryptocurrency exchange that HBAR offers for trading. There are several options for crypto exchanges, so you need to compare features and prices to make the best decision.
The 2nd step is to create an account in that particular exchange. To do this you need to verify your identity.
At the end of the verification, the 3Rd step is to finance the portfolio. After this, you will be able to buy HBAR easily.
Where to buy HBAR?
Most exchanges offer to list HBAR for trading. Here are some options to choose from:
Binance, KuCoin, Gate.io.
HBAR will reach $20: HBAR price forecast
HBAR Price Prediction 2022: $0.08
The above price forecasts are the average of the maximum forecast by multiple platforms. Here is the HBAR 2022 price forecast based on the calculation:
| 10.00% | 20.00% | 30.00% | |
| Oct-22 | $0.67 | $0.73 | $0.79 |
| Nov-22 | $0.73 | $0.87 | US$ 1.03 |
| Dec-22 | $0.81 | $1.05 | $1.34 |
The percentage implies that if HBAR earns above the percentage in each month, the price will be according to the percentage gain.
Will HBAR reach $20?
At the current price, HBAR will have to increase 330 times to reach $10. Looking at the current momentum and forecasts, it is impossible for HBAR to reach $20 in 2022.
Here are some calculations on how HBAR could reach $20 and when HBAR could reach $20:
| condition | Time interval |
| If HBAR earns 20% per year | In the next 19 years |
| If HBAR earns 30% per year | In the next 13.5 years |
| If HBAR earns 50% per year | In the next 9 years |
conclusion
Looking at market conditions, it will be very difficult for HBAR to reach $20 in 2022. However, in the future, HBAR could reach $20 provided that market conditions improve and macros become favorable for the growth of cryptocurrencies.
