Hedera

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Hedera is a strong competitor in the DeFi space as it boasts some of the best metrics in the industry. According to recent analysis, the ecosystem hit 5,500 transactions per second. TPS is used to compare DeFi projects from each other. So far, Hedera beats Ethereum in terms of average transactions per second.
The realm of NFTs is also expanding for the Hedera Hashgraph ecosystem. Just last year, the network scored a partnership with LG for their Art Lab, the company’s foray into the metaverse. 
With a complete and detailed roadmap for development, HBAR’s price upticks might be a continuous wave for the ecosystem to ride on. 

5,500+ MAX TPS has been hit
Wow, the BEAST has woke up $HBAR will shock the world very soon, this is ONE enterprise use case, imagine 5, 10, 20, you get the picture.#HBAR #Hedera #HBARbarians pic.twitter.com/cWpWgiLa3m
— Nick | Crypto Crusader (37K) (@NCashOfficial) January 16, 2023
External Devs Pushing Hedera Forward
At the Consumer Electronic Show, or more commonly known as CES, LG announced plans to further expand its reach into Web3 with Hedera. According to reports, the company would leverage the network-based crypto wallet Blade Wallet. 
The wallet is said to be the only crypto wallet to be third party audited, making it one of the most secure in the industry. With LG’s Art Labs winning an award in CES this year, we can expect more external developments for the network, driving usage for the ecosystem in the long-term. 

At the 2023 Consumer Electronics Show (CES), LG Art Lab was honored as a recipient of the Innovation Awards! https://t.co/1ilPcUekyf pic.twitter.com/3xaEQu4ghp
— LG Art Lab (@LGArtLab) January 10, 2023

HBAR: What Can Happen
Hedera’s native token has been following the altcoin drive up to recover lost ground. When FTX collapsed, HBAR lost more than 35% of its value. When the crypto rally started, the token rose by 52% in just a span of 17 days. 
Dr. Leemon Baird, a computer scientist, and Mance Harmon, a technology executive, established Hedera in 2018. In 2015, they founded Swirlds, which subsequently expanded into Hedera, which was eventually renamed Hedera Hashgraph.



Meanwhile, at its current price of $0.549, HBAR is testing its $0.0555 resistance which may or may not break. If the uptrend in price continues, HBAR bulls should be able to target $0.0641 resistance to regain lost ground. 
However, if HBAR faces a correction at this level, investors and traders could expect support at $0.0506 for the token to maintain a healthy upward momentum. 

For the meantime, investors and traders should watch the NFT market and how it reacts to LG’s aggressiveness in its metaverse venture. As the company develops more technologies to make NFTs mainstream, its usage of Hedera would drive more attention to the ecosystem which ultimately benefits HBAR.
Investors and traders should also watch the price movement of Bitcoin as the two assets have high correlation. Overall, HBAR is a good long-term hold for investors and traders. 
Featured image from Puracy


Hedera is a strong competitor in the DeFi space as it boasts some of the best metrics in the industry. According to recent analysis, the ecosystem hit 5,500 transactions per second. TPS is used to compare DeFi projects from each other. So far, Hedera beats Ethereum in terms of average transaction...

newsbtc.com

Hedera Soars 23% As HBAR Blooms All-Green On The Charts All Week

Blockchain analytics firm Santiment is expressing bullish sentiment on seven crypto assets which are currently being heavily betted against.
Santiment says that layer-1 blockchain Solana (SOL), decentralized public network Hedera (HBAR) and privacy coin ZCash (ZEC) are some of the crypto assets that are set to rally amid heavy shorting.

According to Santiment, other altcoins that are set to rise amid heavy bets against them are decentralized network DigiByte (DGB), Internet of Things blockchain Helium (HNT), decentralized finance (DeFi) platform Kava (KAVA) and smart contract-enabled blockchain Kusama (KSM).
“Traders are aggressively shorting altcoins today, and some assets could be primed for short liquidations. Based on extreme bets being placed on prices going down, DGB, HBAR, HNT, KAVA, KSM, SOL, & ZEC would be candidates for small breakouts if altcoins get any momentum.”
Source: Santiment
Turning to Bitcoin (BTC), Santiment says that small to medium holders of the flagship crypto asset are aggressively accumulating.
“Small to mid-sized Bitcoin addresses (0.1 to 100 BTC) have been on one of their most aggressive accumulation cycles in history, adding 9% to their holdings in just the past 6 months.”
Source: Santiment
According to the analytics firm, Bitcoin’s small-to-medium holders are more successful in predicting long-term price movements than short-term ones.
“Overall, it seems that these investors tend to be correct over long-term periods, but may not always accurately predict short-term price movements.”
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney
The post Solana (SOL), Zcash (ZEC), Hedera (HBAR) and Four Under-the-Radar Altcoins Primed for Breakouts: Santiment appeared first on The Daily Hodl.


Blockchain analytics firm Santiment is expressing bullish sentiment on seven crypto assets which are currently being heavily betted against. Santiment says that layer-1 blockchain Solana (SOL), decentralized public network Hedera (HBAR) and privacy coin ZCash (ZEC) are some of the crypto assets t...

dailyhodl.com

Solana (SOL), Zcash (ZEC), Hedera (HBAR) and Four Under-the-Radar Altcoins Primed for Breakouts: Santiment

A closely followed crypto trader is flipping bullish on one of Ethereum’s (ETH) competitors as markets enter a new year.
The pseudonymous trader known as Credible tells his 335,000 Twitter followers that he’s looking to dollar cost average (DCA) into Hedera (HBAR), which is currently over 93% down from all-time highs.

“We’ve retraced back to the origin of the last move from which we ran 12x after a near 12 month consolidation. If you’re bullish on HBAR it’s a great time to be DCA’ing in my opinion.”
Source: Credible Crypto/Twitter
HBAR is the native token of the Hedera Hashgraph system, which aims to be a faster, more efficient and more secure version of standard blockchain technology. It uses what’s known as its Gossip protocol and incorporates a Directed Acyclic Graph (DAG) as the backbone of its system.
HBAR currently has a market cap of just under $1 billion and a max supply of 50 billion tokens, with 25 billion currently in circulation.
While Hedera has a large max supply compared to circulating supply, Credible says it won’t be an issue once a bull market comes around.
“It’s not really an issue IMO [in my opinion]. People just want to rationalize the bearish PA [price action] and because they can’t argue against its fundamentals ‘bad tokenomics’ is an easy alternative to shift the blame to. When we begin pumping again that argument won’t stand either.”
Looking at Ethereum, Credible has a short-term price target near the $1,400 level, about a 16% rally away from current prices.
“We got that last push down and took our local lows, now looking for continuation up to the 1st target. Note the two sets of equal lows we have left behind- I expect we come back down for those later. Check my pinned tweet for a vid made last week for more context.”
Source: Credible Crypto/Twitter
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney
The post Popular Crypto Trader Turns Bullish on Hedera (HBAR), Reveals Short-Term Ethereum (ETH) Price Target appeared first on The Daily Hodl.


A closely followed crypto trader is flipping bullish on one of Ethereum&#8217;s (ETH) competitors as markets enter a new year. The pseudonymous trader known as Credible tells his 335,000 Twitter followers that he&#8217;s looking to dollar cost average (DCA) into Hedera (HBAR), which is currently ...

Popular Crypto Trader Turns Bullish on Hedera (HBAR), Reveals Short-Term Ethereum (ETH) Price Target

The year 2022 has not been kind to the NFT market and the crypto industry as a whole. However, Hedera’s partnership with LG Art Lab might somehow bring a new wave of enthusiasm for digital art. 

NFT Interest On The Rise Again? 
A recent interview done by Crypto Digest with The HBAR Foundation’s Chief Legal Officer Jorge Pesok sheds some insight into the current state of NFTs in the Hedera L1 ecosystem. 
According to the interview, more than 150 projects are granted support by the company. 
Pesok also mentioned that LG is rolling out its new television technology that is integrated with its native NFT marketplace where new users can buy digital collectibles. The TVs would also allow users to display the NFTs that they own.
This can be huge for the NFT industry as LG has a large market share in the home appliance industry. However, recent events in crypto space might slow down the growth of interest in NFTs. Not to mention that the sector is not free from scams and frauds. 
Just this month, Logan Paul, a major influencer on YouTube, was investigated by Coffeezilla for defrauding his fans on his abandoned crypto project CryptoZoo. Despite these very negative developments for crypto and NFTs as a whole, we can expect a healthy adoption of digital art as LG continues to leverage this new technology. 


Dark Horizons?
The crypto industry has taken a heavy beating courtesy of the collapse of FTX and the NFT space has been struggling ever since interest on digital items waned. But with LG’s partnership with Hedera, we might see a brighter tomorrow for NFTs and the crypto market as a whole. 
However, this “bright future” doesn’t come without losses. According to CoinGecko, Hedera’s native token HBAR has seen better days with the token dropping 5.6% in the past 24 hours. 
The charts are also very bearish for the token. HBAR is heavily correlated with Ethereum. This means that if ETH continues to buckle under the bearish pressure, HBAR will follow the decline in value. 



These short-term developments are in line with Jorge Pesok’s thoughts on crypto and NFTs in its entirety:
“My prediction, at least in the short term, is that the industry will continue to face a bear market but will come out of it much more mature and garner more retail and institutional adoption” he said in the interview. 
As Hedera partners with more institutional entities like LG, Boeing, and Deutsche Telekom, we will see the company playing a bigger role in the adoption of digital assets with real world utility. 
–
Featured image: Incrypted


The year 2022 has not been kind to the NFT market and the crypto industry as a whole. However, Hedera’s partnership with LG Art Lab might somehow bring a new wave of enthusiasm for digital art.  Related Reading: Dogecoin Breaking Past This Key Barrier Could Spell 10% Spike For DOGE NFT Interest O...

Hedera: Is 2023 The Comeback Year for HBAR NFTs?

[Pr – New York, New York, 12th December, 2022, Chainwire]
Investors bet on new internet infrastructure that the Founding Team of Uber, Indiegogo and Hedera Hashgraph think could create the next crypto bull run 
Web3 startup Nillion has closed a $20m+ fundraise from strategic partners and investors. The project is based on a new mathematical innovation, invented by cryptography professor Dr. Miguel de Vega, called Nil Message Compute (NMC) which enables the creation of a non-blockchain decentralized network that aims to open up new, non-blockchain, decentralized use cases.
Since its founding in November 2021, Nillion has bootstrapped to a headcount of over 40 with no external funding. Members of the Founding Teams of Uber, Indiegogo and Hedera Hashgraph, as well as key executives from Coinbase and Nike have joined forces at Nillion to build the platform. The company aims to become the first non-blockchain decentralized network designed to enable new decentralized use cases while providing the private and secure transfer, storage and computation of data.
Nillion CEO, Alex Page, reports that raising $20m+ from over 150 investors was a conscious decision to prevent typical concentrated ownership amongst a small number of venture capitalists who may have adverse incentives to ‘dump’ in the long-term:
“We’ve seen so many web3 projects suffer because their network was owned by early investors with excessively concentrated holdings. That’s exactly why we passed on certain Silicon Valley VCs who wanted over 5% of tokens to simply lend their name to the project. Instead we carefully invited a widely distributed pool of early contributors who love, support and add value to the project.”
The round was led by Distributed Global, and includes investment from Big Brain Holdings, Chapter One, GSR, Hashkey, OP Crypto, SALT Fund and 150+ others.
David Gan, GP of OP Crypto said, “It’s very rare to have a truly novel math innovation being built by an elite ‘Avengers level’ team. Nillion could open a new universe of use cases blockchain never imagined. What proof of work did for blockchain, I think NMC may do for Multi-Party Computation as a technology.”
Another investor, Alex Klokus of SALT Fund states, “Nillion is a world-class team
pursuing an extremely ambitious,order of magnitude improvement over existing MPC technology. If they pull it off, it could be revolutionary.”
NMC enables the fragmentation and dispersion of data across the Nillion network of nodes which creates privacy while still allowing the underlying data to be computed on quickly. A key feature of the technology is that this process occurs without the need for communication between the nodes.
According to the team, company website and online materials, NMC technology unlocks new utility in web3, such as decentralized credit scoring, decentralized trusted execution environments, private NFTs and decentralized secure storage services. Other potential use cases promised outside of web3 include storing healthcare records on the network while being able to run analysis on the records without jeopardizing an individual’s right to privacy.
Nil Message Compute (NMC) was developed by Nillion’s Chief Scientist, Dr. Miguel de Vega, who has authored more than 30 patents in the fields of machine learning, data optimization and mathematics. In addition to Dr. Vega, Nillion’s leadership team includes:

Chief Technology Officer Conrad Whelan, the Founding Engineer of Uber.
Head of Cryptography Elizabeth Quaglia, a senior lecturer at Royal Holloway, University of London, one of the world’s leading cryptography institutions.
Chief Executive Officer Alex Page, an ex-Goldman Sachs investment banker and Hedera SPV General Partner
Director of Crypto Tristan Litré, previously CTO of a DeFi platform acquired by AQRU.
Chief Business Officer Slava Rubin, the Founder and former CEO of Indiegogo.
Chief Strategy Officer Andrew Masanto, who started two of the top 100 cryptocurrencies – Hedera Hashgraph and Reserve.
Head of Ecosystem Mark McDermott, previously the Lead of Innovation Partnerships at Nike.
General Counsel Lindsay Danas Cohen, previously the Associate General Counsel of Coinbase and former top legal counsel at Bloomberg.

Nillion is prioritizing ecosystem development from an early stage in protocol development and reports significant interest from both web2 and web3 participants.
“We’ve had expressions of interest from over 120 companies wanting to test applications or build on Nillion, which shows the need for a commercially viable private computation network. Data stored on the Nillion network is not only safe, but it can be used for extremely fast, private computations,” says Alex Page, CEO of Nillion.
About Nillion
Nillion is new internet infrastructure for the secure storage and computation of data. It is a decentralized network (albeit not a blockchain) that utilizes a novel mathematical innovation called Nil Message Compute (NMC) which represents a generational leap in a technology known as secure multi-party computation (MPC). Nillion facilitates the fragmentation of data across a network of nodes, while allowing the underlying data to be computed on at commercially viable speeds.
To learn more about the company visit www.nillion.com
The post New Math Startup Nillion Raises $20M From Over 150 Strategic Contributors appeared first on CryptoPotato.

[Pr &#8211; New York, New York, 12th December, 2022, Chainwire] Investors bet on new internet infrastructure that the Founding Team of Uber, Indiegogo and Hedera Hashgraph think could create the next crypto bull run  Web3 startup Nillion has closed a $20m+ fundraise from strategic partners and in...

Hedera price	$0.069111
Low - High 24H	$0.067242 - $0.070719
Market cap	$1.76B
Volume 24H	$34.13M
All time high	$0.569229 -87.80% September 15th 2021
All time low	$0.009861 604.21% January 2nd 2020
Genesis date	N/A

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