Hedera Price Surges 460% In A Month: Why Is HBAR Going Up?

Hedera's HBAR/USD rapid 460% surge in one month is powered by buzz surrounding potential new partnerships and an application for a Hedera exchange-traded fund (ETF).

Cryptocurrency	Price	Market Cap	24-Hour Trend	7-Day Trend
Hedera HBAR/USD	$0.2449	$9.36 Billion	+26.9%	+74.9%
Litecoin LTC/USD	$122.63	$9.2 Billion	+20.5%	+27%
Uniswap UNI/USD	$14.21	$8.5 Billion	+9.7%	+18.4%

Trader Notes: Crypto trader Javon Marks highlighted Hedera’s sustained breakout, predicting further gains with a target of $0.504—an over 102% jump from current levels.

$HBAR (Hedera) sets new post-breakout highs in a massive run over the past month and looks to still be more to go!

≈$0.504 remains as the target meaning another >102% move from here could take place… https://t.co/AfdB7sDC3Z pic.twitter.com/YFBesPWmRD

— JAVON⚡️MARKS (@JavonTM1) December 2, 2024

Captain Faibik forecasts a 150% rally, while another X user noted heavy whale accumulation. He predicts a looming supply shock that could send prices soaring as demand outpaces supply.

Community News: Hedera has climbed into the top 20 biggest cryptocurrencies by market capitalization.

A potential integration of Hedera with the Federal Reserve’s FedNow payment system has excited its community on X.

Partnering with Ripple, the system would aim to facilitate rapid blockchain interoperability using RLUSD, a stablecoin pegged to the U.S. dollar.

In mid-November, Canary Capital filed for a Hedera spot ETF with the U.S. SEC.

The filing stated that the fund looks to “provide exposure to the value of the native asset of the Hedera Network.”

The firm also launched an HBAR Trust for accredited investors, signaling growing institutional interest.

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