The Distributed Ledger Technology (DLT) employing Hedera Hashgraph (HBAR) is making huge strides in institutional adoption. According to the latest scoop from MSN, Hedera’s developers are working on the HashSphere, a new private-to-bublic blockchain platform focused on institutional investors.
HBAR Network’s New Blockchain Creates Market Buzz
Crucial for cross-border transactions, this new project from Hedera Hashgraph (HBAR) network is designed for regulated institutional bodies, like banks, crypto hedge funds and payment providers. Users will be able to make payments not only in HBAR, but also any Hedera-supported stablecoins, as well as tokenized Real World Assets (RWA).
Furthermore, this institutional blockchain will be compatible with Ethereum’s Virtual Machine (EVM), onboarding Hedera Hashgraph’s (HBAR) existing tools for building decentralized applications (dApps) and even separate private blockchains, which can go public, depending on regulatory compliance. Hedera’s HashSphere is slated to drop in Q3 of 2025.
HBAR Price Bounces Back 10%: Bigger Rally Incoming?
The ground-breaking news instigated a double-digit rebound rally for HBAR, as Hedera’s native altcoin is still licking its wounds after a 30% monthly downturn. Currently trading at $0.1685, HBAR price finds itself in an oversold territory. Simply put, this implies that the digital asset is trading at a lower market value than its fair value, usually due to extensive sell-offs.
Indeed, the Relative Strength Index’s (RSI) higher oscillator, depicted in purple color in the chart above, is pointing to 45. Meanwhile, the lower oscillator, portrayed in yellow, remains relatively low at 33, which could be an ultra bullish sign if HBAR price manages to reclaim $0.20.
The altcoin was price-bound in the range between $0.20 to $0.28 for the most past of March, but Bitcoin’s (BTC) plunge to $81K and Ether’s (ETH) dip to $1,800 heavily contributed towards HBAR price trashing this major support area.
HBAR price fell to the lowest weekly point of $0.1568 due to geopolitical circumstances, taking a hit along with the whole market. Now, HBAR bulls might be closely monitoring the altcoin’s potential move towards $1, as HBAR just broke through the middle Bollinger Band (BOLL), depicted in blue color.
Nevertheless, there’s still a 69.9% gap from where HBAR currently stands to the all-time high, registered over three years ago at $0.5692. Interestingly, Hedera’s total market capitalization was smaller then, encapsulating slightly above $6 billion in comparison to the current $7.24B.
On The Flipside
- Hedera’s Hashgraph has faced some criticism due to a relatively small number of chain validators.
- 39 active HBAR network validators, including big corporations like Google, IBM & LG running nodes.
- Despite these centralization concerns, 85% of coins are already in circulation, making HBAR price hard to manipulate.
Why This Matters
Institutional adoption usually serves as a catalyst for crypto bull rallies, as critical acclaim from regulated bodies creates real-life utility cases for the blockchain.
Explore DailyCoin’s latest crypto news:
Cardano (ADA) Struggles at Key Support—Bullish Reversal or Price Plunge Ahead?
PEPE Price Crash Escalates: Humongous Whale Dumps 3M At Deficit
