It’s fascinating how everyone on CT only obsesses over a handful of coins like HYPE and FARTCOIN, while the best performers lately have been forgotten dino coins like XRP, XLM, TRX, HBAR, BCH, and XMR
There’s so much opportunity out there if you’re willing to look beyond the CT echo chamber
7.12K
5
Fiona ❤️& ✌️
A typical day on the $Pengu gainers list.
Show original
4.66K
6
Rekt Capital
$HBAR
HBAR indeed pulled back deep into the orange circled area and reversed more than +50% from there
Now HBAR will need a Weekly Close above the red area here to follow the blue path
Read more Altcoin analysis here:
#BTC #Hedera #hederahashgraph
Rekt Capital
$HBAR
History has repeated for HBAR
After overbought signs on the RSI akin to 2021 levels (orange boxes)...
#HBAR has finally pulled back into the orange circled area, as per history
Read more Altcoin analysis here:
#BTC #Hedera #hederahashgraph
8.26K
60
Jesus Martinez
$HBAR having a killer run today
You love to see it
The current price of Hedera is ₺9.4429. Over the last 24 hours, Hedera has increased by +16.64%. It currently has a circulating supply of 42,391,439,527 HBAR and a maximum supply of 50,000,000,000 HBAR, giving it a fully diluted market cap of ₺400.40B. At present, Hedera holds the 16 position in market cap rankings. The Hedera/TRY price is updated in real-time.
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Hedera is a third-generation Proof of Stake (PoS) public network powered by the unique Hashgraph consensus. It is an open-source, publically distributed ledger that supports Solidity-based, Ethereum Virtual Machine-compatible smart contracts and native tokenization. Users can use Hedera's carbon-negative network to transact and deploy applications.
Hedera is owned and governed by the Hedera Global Governing Council, which comprises up to 39 diverse organizations. These companies include Chainlink Labs, DBS, Google, IBM, LG, Standard Bank, Ubisoft, University College London, and more. Hedera's governance framework ensures that no single entity has undue influence or control over the network or the Hedera price.
HBAR is Hedera's native cryptocurrency. The decentralized applications running on Hedera pay for network resources with HBAR. Through its PoS consensus mechanism, HBAR can also be staked to strengthen the network. Staking contributes to the network's security and integrity, and stakers are rewarded with a small percentage of transaction fees.
What is the Hashgraph consensus?
The Hashgraph consensus algorithm allows network users to agree on the order in which transactions occurred. Blocks in a blockchain are intended to form a single, long chain. If two blocks are created simultaneously, network nodes will eventually discard one to prevent the blockchain from forking into separate chains. With the Hashgraph consensus, every block is incorporated into the ledger, making them more efficient.
Furthermore, blockchains fail when new blocks arrive too quickly, requiring consensus mechanisms, such as Proof of Work (PoW), to slow growth. With Hashgraph, new transactions and blocks can be created as needed. Hashgraph also supports more powerful mathematical guarantees, such as Byzantine agreement, making this consensus faster and fairer.
The Hedera Hashgraph is more cost-effective and efficient than PoW alternatives because no time or energy is wasted mining blocks that will be discarded later. At the same time, since the Hashgraph is only limited by bandwidth, it is extremely fast. Hedera can potentially complete over 10,000 transactions per second with an average fee of $0.0001. Moreover, transactions are confirmed in less than five seconds, compared to 10 to 20 seconds on Ethereum and 10 to 60 minutes on Bitcoin. The energy used per transaction is also minimal at 0.00017kWh.
HBAR price and tokenomics
Following the launch of the Hedera network, a fixed total supply of 50 billion HBAR tokens was minted. The Hedera Council governed the allocation and distribution of these coins held in the Hedera Pre-Minted Treasury.
As of 2022, approximately 16 billion HBAR tokens remained in the treasury, with the remainder distributed as follows:
Swirlds: Swirlds founded Hedera and licensed the Hashgraph technology to the network. Swirlds and its investors received 3.9 billion HBAR tokens.
Founders and early executives: Around 6.9 billion HBAR tokens were distributed to Hedera co-founders and early senior executives.
Employees and service providers: 7 billion HBAR tokens were reserved to attract, retain, and incentivize employees, advisors, and service providers. As of 2022, this group had received 2.2 billion HBAR tokens.
Purchase agreements: 8.6 billion HBAR tokens were allocated to purchase agreements such as Simple Agreements for Future Tokens (SAFTs).
Ecosystem development: HBAR tokens are actively used to fund Hedera's growth. The Hedera Council has set aside 11.9 billion HBAR for ecosystem development.
About the founders
Dr Leemon Baird and Mance Harmon founded Hedera in 2018. In 2015, Baird and Harmon developed Swirlds, a software platform for creating fully distributed applications to utilize the cloud without servers. Dr. Baird developed the Hashgraph consensus algorithm, which Swirlds licensed to Hedera shortly after the latter was founded. After co-founding Hedera, Baird, and Harmon served as CEO and Chief Scientist, respectively. However, in April 2022, the pair left these positions to become co-CEOs of Swirlds Labs, a newly established entity. The two are still Swirlds' representatives on the Hedera Governing Council.
Hedera highlights
Constellation ShortList™ for Blockchain Services
In August 2022, the Hedera network was added to the Constellation ShortListTM for Blockchain Services, demonstrating the protocol's popularity among industry experts.
Partnership with Arkhia
In September 2022, Hedera also announced a partnership with Arkhia, an Infrastructure-as-a-Service (IaaS) provider, to provide an enterprise-grade node service to Hedera, reducing friction and cognitive load on developers and contributing to Hedera's overall growth and adoption.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 11K new posts about Hedera, driven by 2.2K contributors, and total online engagement reached 1.7M social interactions. The sentiment score for Hedera currently stands at 87%. Compared to all cryptocurrencies, post volume for Hedera currently ranks at 1494. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Hedera.
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Posts
10,686
Contributors
2,219
Interactions
1,665,916
Sentiment
87%
Volume rank
#1494
X
Posts
10,608
Interactions
1,661,380
Sentiment
88%
Hedera FAQ
Is Hedera better than Bitcoin?
Hedera and Bitcoin each have their own set of advantages and disadvantages. Hedera is much faster, with a transaction rate of over 10,000 per second. It is also less expensive than Bitcoin, with transactions costing $0.0001. The average Bitcoin blockchain transaction costs around $22 in comparison. Conversely, Bitcoin has a far larger user base than Hedera, and greater adoption is always advantageous to any cryptocurrency.
Is Hedera a blockchain?
Hedera is not a blockchain. Instead, Hedera is built on distributed ledger technology, similar to blockchain in many ways. Hedera employs Hashgraph consensus, a graph-like structure in which all nodes communicate. This communication is then reported by constructing a graph of connections. Each connection contains a signature, a timestamp, a list of transactions, and two hashes, all of which can be used to validate a transaction.
Currently, one Hedera is worth ₺9.4429. For answers and insight into Hedera's price action, you're in the right place. Explore the latest Hedera charts and trade responsibly with OKX TR.
What is cryptocurrency?
Cryptocurrencies, such as Hedera, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX TR and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Hedera have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
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