Hedera Information

Hedera is a decentralized public network that aims to provide fast, fair, and secure infrastructure for digital applications. It leverages the hashgraph consensus algorithm, which distinguishes it with higher throughput and energy efficiency compared to traditional blockchain technologies. The platform is governed by a diverse council of global organizations, ensuring decentralized governance and stability.

Hedera

$0.34

Title : Hedera
Symbol : hbar
Current Price $ : 0.336978 $
High 24h : 0.347351 $
Low 24h : 0.326616 $
Price Change 24h : -0.0034947898965079 $
Price Change % 24h : -1.02645 %
Market Cap : 12871813367
Website : https://www.hedera.com/
Total Volume : 742402558
Market Cap Change 24h : -212976575.59513
Market Cap Change % 24h : -1.62767 %
Circulating Supply : 38267523239.478
Total Supply : 50000000000
Max Supply : 50000000000
Last Updated : 2025-01-21 23:53
All Time High (ATH) : 0.569229
ATH Change % : -41.1129 %
ATH Date : 2021-09-15 10:40
All Time Low (ATL) : 0.00986111
ATL Change % : 3299.23596 %
ATL Date : 2020-01-02 17:30

more information

The Unique Proposition of Hedera

Hedera Hashgraph, often abbreviated as HBAR, distinguishes itself in the crowded space of cryptocurrencies through its unique underlying technology—the Hashgraph consensus algorithm. Unlike traditional blockchain technologies, Hashgraph offers potential advantages such as faster transaction times and enhanced security features. As the cryptocurrency landscape evolves, Hedera has positioned itself as a noteworthy player, catering to enterprises seeking scalable and sustainable solutions. This distinction, however, comes with both opportunities and challenges in adoption.

A Look into the Past: Hedera's Journey

Hedera's origin can be traced back to its launch, which promised to revolutionize the way distributed ledger technology operates. Reaching its all-time high (ATH) of $0.569229 in September 2021, Hedera showed significant promise. However, like many other projects, it experienced volatility, with prices currently down about 90% from its ATH. Despite these fluctuations, Hedera's early adoption stages saw it making substantive partnerships with industry giants, contributing to increasing its legitimacy and potential use cases.

Advantages of Hedera

One of the primary advantages of Hedera is its scalability. The Hashgraph consensus algorithm allows the network to process a large number of transactions per second, a significant edge over traditional blockchains like Bitcoin and Ethereum. Additionally, Hedera offers a more eco-friendly footprint owing to its efficient consensus mechanism which does not require energy-intensive mining processes. The governance model of Hedera, managed by a council of diverse organizations, adds another layer of stability and trust, appealing to businesses and regulators.

Challenges Faced by Hedera

Despite its advantages, Hedera faces several challenges. The primary among them is the competitive landscape of the cryptocurrency industry which is dominated by well-established blockchains. The Hashgraph technology, while innovative, needs wider adoption to compete with the network effects of platforms like Ethereum. Moreover, the centralized nature of its governance, perceived as both a strength and a potential weakness, may deter some segments of the crypto community that favor more decentralized protocols.

Current Market Status and Performance

As of the latest data, Hedera is trading at approximately $0.051357, with a market cap of $1.93 billion. This reflects a significant decline from its prior highs, indicative of the broader market trends and challenges mentioned earlier. The circulating supply stands at about 37.6 billion HBAR out of a total supply of 50 billion, demonstrating room for further market expansion. The recent 24-hour price changes indicate slight volatility, which is typical in the crypto market.

Future Prospects of Hedera

The future prospects of Hedera are promising but contingent on strategic plays in terms of partnerships and technological advancements. Continued development and upgrades to ensure seamless operation, security enhancements, and real-world use case expansions could solidify Hedera's position in the market. Their focus on enterprise solutions could drive substantial growth as more businesses look to blockchain for operational efficiencies. If Hedera successfully leverages its current relationships and expands its ecosystem, it has the potential to gain a stronger foothold in the coming years.

Conclusion: A Balanced Outlook

Hedera Hashgraph presents a fascinating case study on the evolution and potential of alternative consensus algorithms in the crypto space. While its unique technology and strong governance offer appealing advantages, the path forward is fraught with competition and the need for further adoption. Investors and technology enthusiasts will need to watch Hedera closely as it navigates the dynamic landscape of digital currencies.

General Information
from price $0
Title Hedera
Symbol hbar
Whitepaper -
Website https://www.hedera.com/
Community -
Last Updated 2025-01-21 23:53

Price Data
Current Price $ 0.336978 $
High 24h 0.347351 $
Low 24h 0.326616 $
Price Change 24h -0.0034947898965079 $
Price Change % 24h -1.02645 %

Market Data
Market Cap 12871813367
Total Volume 742402558
Market Cap Change 24h -212976575.59513
Market Cap Change % 24h -1.62767 %
Return on Investment (ROI) -

Supply and Availability
Circulating Supply 38267523239.478
Total Supply 50000000000
Max Supply 50000000000

Historical Data
All Time High (ATH) 0.569229
ATH Change % -41.1129 %
ATH Date 2021-09-15 10:40
All Time Low (ATL) 0.00986111
ATL Change % 3299.23596 %
ATL Date 2020-01-02 17:30