The Australian government has unleashed a grandiose plan in accordance with Project Acacia, which is aimed at exploring different digital assets to tokenise assets in the region. Initially, Project Acacia’s consultation paper was pitched in November, 2024, calling crypto industry professionals to chime in with their insight.
Can This Help HBAR’s $5 Dream Come True?
Notably, the Reserve Bank Of Australia (RBA) jumped into this joint crypto initiative with the Digital Finance Cooperative Research Centre (DFCRC), supported by several other local regulatory bodies, including the Australian Treasury. The next phase of the Acacia Project will be centered around local fintechs & major banks testing out HBAR payments.
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The deal includes a variety of blockchains suitable for testing the digital Australian Dollar, including Redbelly Network, R3 Corda, Canvas Connect and & EVM-compatible networks. Hedera Hashgraph’s native HBAR token inked 5% gains to claim $0.1799, but what HBAR bulls are relying on is a potential HBAR price rally to $5 in 2026.
The Australian Dollar has an approximate market cap of $1.6 trillion, so by continuously securing partnerships on a governmental grade, HBAR expands its potential trading volume by multiple times.
Right now, the stagnant trading volumes is what’s keeping HBAR’s price from contesting the likes of Ripple (XRP), as both chains are widely considered for cross-border payments. Aside from the Australian government, SWIFT’s financial conglomerate is also known to be testing Hedera’s DLT technology.
While HBAR’s trading volume on Spot markets revolves around $300 million, Ripple (XRP) hits billions of dollars per day and trades at $2.45, despite having twice as much crypto tokens in total supply. Because of this, the $5 dream for HBAR is only plausible if Hedera’s network matches XRP Ledger in daily transactions.
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Australia’s Reserve Bank has selected Hedera as one of the DLT platforms for Project Acacia, a pilot testing wholesale CBDC and tokenized asset settlement with 24 participants.
Some optimistic predictions suggest HBAR could rise significantly, with long-term forecasts up to $2.20 by 2030 and potential for higher gains, but $5 is speculative and unconfirmed.
Project Acacia is a Reserve Bank of Australia initiative to test a wholesale CBDC for real-money transactions, running for six months with results expected in early 2026.
Hedera’s high transaction throughput and enterprise partnerships likely contributed, though specific reasons depend on ongoing evaluations by the RBA and other regulators.
While adoption could boost HBAR’s value, the crypto market is volatile, and failure to sustain momentum or regulatory hurdles could lead to price drops, such as toward $0.069.
