The post Why Hedera (HBAR) Token Price Up Today? appeared first on Coinpedia Fintech News
Hedera (HBAR), the native cryptocurrency of the Hedera Hashgraph network, has stunned the crypto world with a sharp 15% jump in just 24 hours, hitting the $0.20 mark. The sudden surge has reignited investor excitement and placed one of today’s top gainers.
With growing institutional interests, traders believe more 50% to 60% gain is coming for HBAR’s token?
Here’ Why HBAR’s Price Jumping
Here’s the key reason why HBAR token price is jumping today, while other cryptocurrency struggling to surge.
Launch of the First HBAR ETF
The main driver behind HBAR’s rally is the launch of the Canary HBAR ETF on Nasdaq. This marks the first-ever exchange-traded fund offering direct exposure to HBAR, allowing large investors to buy the token in a regulated and secure way.
The fund holds real HBAR tokens in custody with BitGo and Coinbase Custody, providing assurance for institutions concerned with compliance and security.
Expansion in Stablecoin Utility
Adding more momentum, the Hedera Foundation announced that USDC, one of the largest stablecoins, is now available on Bybit. This expansion enhances liquidity and trading opportunities within the Hedera ecosystem, solidifying HBAR’s position in stablecoin-powered payments and DeFi activities.
Major Network Upgrades and Partnerships
Hedera has recently rolled out key network upgrades aimed at improving speed, scalability, and transaction efficiency. Alongside this, several new DeFi and NFT integrations have expanded its ecosystem.
Strategic partnerships and ongoing developer initiatives have also increased attention toward HBAR’s real-world applications, further boosting investor sentiment.
HBAR Price Outlook
The HBAR ETF listing opens a new era for Hedera, as greater Wall Street interest could further boost price and profile while validating the project’s long-term potential.
At the same time, several pseudonymous crypto traders believe HBAR is on the edge of a major price breakout. Based on current chart patterns, they predict a 50–60% price surge could soon follow.
The accompanying chart shows a clear bullish setup, suggesting that HBAR may be preparing for a sharp upward move as momentum continues to build.