Hedera

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Shark Tank star Kevin O’Leary may have invested in dozens of crypto projects, but he says he only needs two of them to work out.
In a new interview with Blockworks, O’Leary says that he views cryptos like Bitcoin (BTC), Ethereum (ETH), Polygon (MATIC), Hedera (HBAR), Helium (HNT), and Avalanche (AVAX) as software rather than tokens.

He says the only way projects survive over the long term is if they bring some kind of economic value to the table.
“Give me Polygon, which I just an investment in… Basically, it says, ‘Look, let’s aggregate transactions and push them through Ethereum in one transaction, cut gas fees by a huge amount, which works in India.’ Well, why wouldn’t I invest in that? That’s a great idea. There’s real economic value there.
Same with Helium, if it’s going to change [telecommunications]. I like that idea. Solana – is it going to speed up blockchain? Well [Solana CEO] Sam Bankman-Fried says, ‘Yes.’ Why not put a 5% allocation into that? I don’t know who’s going to win, I got 32 positions. I only need two of them to work and I’ve made a shitload of money.”
O’Leary compares the current crypto market to the early days of the internet in the 1990s.
“Yeah, some of these are going to be Pets.com, but others are going to bring tremendous value and be the Googles and the Microsofts of their generation.” 
O’Leary also notes that he’s devoted 20% of his capital to crypto.
“I make the assumption, and I could be wrong, but in the next 10-12 years, crypto will be the 12th sector of the S&P. There’s 11 sectors. If you look at how a sovereign fund or pension plan manages capital – let’s say they have $100 billion dollars, that’s the world I work in – they allocate up to 10% in any one sector and up to 5% in any one name. 
If you’re really bullish, like I am, on crypto, you put 20% of the operating company’s capital into crypto, and no more than 5% into any one coin, token, blockchain, or level two, whatever you want to call it. And that’s what I’ve done – I’ve got 32 positions, I’ve got 20% of the capital tied up. It’s volatile as hell, but I’m okay with it because I make the assumption that at some point all of this policy that’s being proposed will be adopted.”  

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Featured Image: Shutterstock/EgudinKa/Natalia Siiatovskaia
The post Shark Tank Star Kevin O’Leary Says He Has Dozens of Crypto Positions – But Only Needs Two To Succeed appeared first on The Daily Hodl.


Shark Tank star Kevin O&#8217;Leary may have invested in dozens of crypto projects, but he says he only needs two of them to work out. In a new interview with Blockworks, O&#8217;Leary says that he views cryptos like Bitcoin (BTC), Ethereum (ETH), Polygon (MATIC), Hedera (HBAR), Helium (HNT), and...

dailyhodl.com

Shark Tank Star Kevin O’Leary Says He Has Dozens of Crypto Positions – But Only Needs Two To Succeed

The HBAR foundation, a nonprofit organization designed to accelerate the development of the Hedera Hashgraph ecosystem, has announced the launch of a new Metaverse fund. The fund, which launches with $250 million, will serve to entice builders and programmers to bring their metaverse products to the Hedera network and make use of its decentralized ledger technologies.
HBAR Foundation Wants the Metaverse to Happen on Hedera
The battle for the metaverse is intensifying, and many organizations are offering incentives for these experiences to be built using their own infrastructures. The HBAR Foundation, an organization devoted to the growth of the Hedera Hashgraph ecosystem and the apps on it, has announced the launch of the THF Metaverse Fund that will offer $250 million in incentives to programmers that want to bring their metaverse apps to life by using Hedera Hashgraph’s tools.
On why the HBAR Foundation believes that Hedera is an ideal platform for metaverse inspired apps, it stated:

DLT [Decentralized Ledger Technology] is the core component of such infrastructure and it is the Hedera network that is best architected to meet the DLT demands of enterprise platforms and their complex economies.

Furthermore, the foundation is confident that it will be able to help newcomers in the area to tackle the hardships of launching these products with a “wealth of experience and financial backing … accelerating the development of applications in high-growth target areas.”

Specific Developments
The foundation offered some examples — referencing projects such as Tunefm and Siki — in which they are working with different brands in the metaverse and NFT space that want to develop their products on this blockchain. In the gaming space, it aims to include more of these projects by using middleware services that allow for rapid deployment of projects in the environment.
Regarding consumer brands and collectibles, it announced:

[The foundation is] working with industry partners who brands trust to hand-hold them into the Web3 space.

The enterprise metaverse sector is also being given special importance by the organization, which believes that middleware directed to support this kind of product is “key to powering future virtual economies.” In this sense, the company expects these products to also be developed on Hedera due to its favorable traits.
Hedera’s metaverse fund joins other funds that also center their interest on the development of the metaverse, which, according to a recent survey, will be a popular place to buy, store, and sell cryptocurrencies.
What do you think about Hedera’s $250 million metaverse fund? Tell us in the comments section below. 



























The HBAR foundation, a nonprofit organization designed to accelerate the development of the Hedera Hashgraph ecosystem, has announced the launch of a new Metaverse fund. The fund, which launches with $250 million, will serve to entice builders and programmers to bring their metaverse products to ...

news.bitcoin.com

HBAR Foundation Launches $250 Million Metaverse Fund to Entice Developers to Build on Hedera

The HBAR Foundation has announced a $155 million Crypto Economy fund. The organisation aims to allocate the fund to different projects over the course of 2022. According to HBAR, the money will be used to develop the Hedera ecosystem and $60M will be allotted for DEX liquidity rewards.
HBAR to work on growing its network
According to the statement, Instead of the ‘Defi Fund’ which focuses on some specific application types, the crypto fund will work on two basic economic behaviors of production and consumption. However, the foundation has prioritized initiatives accelerating the growth of the network and crypto economy.
HBAR has located categories like build, use, trade, and invest within the crypto. The foundation looks to achieve better market fit by working on them.
The foundation will focus on specific goals for each category

Build: Improving tools that Web3 founders need to build on Hedera
Use: Increase usage of HBAR and its native tokens by integrating with new platforms
Trade: Promote both the diversity and strength of markets built on Hedera
Invest: prioritize Hedera “composability” that will enable Defi utility

Elaine Song, HBAR Foundation Director, said that Instead of focusing on specific DeFi apps, we’re focusing on the user experience. In a Twitter post, he wrote ‘Defi and crypto economy, same-same, but different.’
The release added that the network will work on increasing mainstream retail access and establishing yield generation opportunities.
HBAR prices rise by 5%
Meanwhile, the HBAR token has surged by around 5% in the last 24 hours. The coin is trading at an average price of $0.255, at the press time. Its 24-hour trading volume of $216,077,571 has also jumped by 64%. According to CoinMarketCap, HBAR is ranked at 33rd position among the largest cryptocurrencies with a total market cap of over $5 billion.
Source: CoinMarketCap
The post Hedera Hashgraph (HBAR) Foundation Launches $155 Million Crypto Economy Fund appeared first on CoinGape.


The HBAR Foundation has announced a $155 million Crypto Economy fund. The organisation aims to allocate the fund to different projects over the course of 2022. According to HBAR, the money will be used to develop the Hedera ecosystem and $60M will be allotted for DEX liquidity rewards. HBAR to wo...

coingape.com

Hedera Hashgraph (HBAR) Foundation Launches $155 Million Crypto Economy Fund

Despite forming five consecutive green candles on weekdays, the bullish momentum seems weak concerning the short body and higher tail rejections attached. Furthermore, the Hedera(HBAR) price has recently breached a long-coming resistance trendline, and supply pressure from above teases a price dip to a $2 support zone.
Key points: 

The bullish RSI divergence suggests an overall bullish tendency
The HBAR buyers are struggling to overcome 50-day EMA
The intraday trading volume in the Hedera coin is $72.7 Million, indicating a 31.92% gain.

Source- Tradingview
Since the HBAR downtrend began in Mid-September 2021, the coin price action has been confined within a falling wedge pattern. The sellers dumped the altcoin to its current lower low support at $2, indicating a 66% from the All-Time High resistance of $0.52.
The HBAR price gradually narrowed within the descending trendline, and $2 bottom support has resulted in a bullish breakout from the wedge pattern. So far, the post retest rally surged 8%, hitting the 50-day EMA(0.224).
However, the bull run showed multiple higher price rejection candles, suggesting the trades are selling on rallies and could initiate a minor pullback. As a result, the potential retracement could plunge 11.7% to the $2 mark.
A bounce back from this bottom support would indicate that the traders’ sentiment has flipped to buying the dip, suggesting the next bull cycle hit $0.26.
Technical Indicator

The recovery rally faces strong resistance from the downsloping 50-day EMA, bolstering the possibility for reversal. Moreover, the 200-day EMA at the $0.26 mark provides an important pivotal point for buyers to overcome.
However, RSI slope forming successive higher highs suggests increasing underlying bullish momentum.

The post Hedera Price Prediction: HBAR Price Teases A Minor Correction; Shall You Buy Dip? appeared first on CoinGape.


Despite forming five consecutive green candles on weekdays, the bullish momentum seems weak concerning the short body and higher tail rejections attached. Furthermore, the Hedera(HBAR) price has recently breached a long-coming resistance trendline, and supply pressure from above teases a price di...

Hedera price	$0.101884
Low - High 24H	$0.099619 - $0.103036
Market cap	$2.10B
Volume 24H	$14.98M
All time high	$0.569229 -82.09% September 15th 2021
All time low	$0.009861 934.13% January 2nd 2020
Genesis date	N/A

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