Will HBAR Market Cap Rebound to $14 Billion?
Hedera’s (HBAR) market cap appears poised to rebound to all-time highs after falling to $10.11 billion. HBAR’s price action and key indicators support this optimistic outlook.
If this bullish prediction holds true, HBAR could recoup some of its recent losses and potentially climb to higher levels, reigniting investor confidence in the altcoin’s long-term prospects.
Hedera Token Shows Strength
As of December 3, HBAR’s market capitalization was $14.2 billion. This value is the highest reached since the mainnet went online in September 2019. Market cap is the product of a cryptocurrency’s circulating supply and its price.
Currently, 13.22 billion of the project’s 50 billion supply has been circulated. However, much of the market capitalization gains may be related to HBAR price increase. recent, Altcoin Value Soared 600% in a few weeks
although HBAR Market Cap Shows Potential To recover, the price of the coin has reject The decline from $0.38 to $0.26 signals a pause in the bullish momentum. However, HBAR has rebounded from recent lows over the past 24 hours, suggesting renewed buying interest. If this recovery continues, HBAR’s market capitalization is expected to return to the $14 billion level.
Additionally, Santiment’s on-chain data shows HBAR’s social dominance surged to 1.14%. This metric tracks the level of discussion surrounding a cryptocurrency compared to other cryptocurrencies in the top 100.
Rising dominance typically signals growing attention and interest in an asset, often triggering bullish sentiment. If HBAR’s social dominance continues to climb, it could increase the token’s value and support a return to its potential market cap of $14 billion.
HBAR Price Prediction: The next one could be $0.45
From a technical perspective, BeInCrypto observed the formation of a bull flag on the HBAR/USD chart. A bull flag is a pattern similar to a flag on a pole. It is formed during a strong upward trend in prices, with an initial sharp rise (the “flagpole”) followed by a period of rising prices merge (“banner”).
This consolidation typically moves slightly downward or sideways, reflecting a temporary pause in market momentum. When this pattern ends, there is usually another big price increase.
For its part, HBAR appears poised to rise again. If this is the case, then the value of HBAR could rise to $0.45. However, if Selling pressure increasesthe altcoin’s value could drop to $0.17.
Disclaimer
conform to trust project Guide, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to providing accurate and unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult a professional before making any financial decisions. Please note that our terms and Conditions, privacy policyand Disclaimer Updated.
