The native token of Hedera, HBAR, is currently experiencing a surge in bullish momentum, with its value rising by nearly 20% in the past 24 hours.
As per CoinMarketCap’s latest data, HBAR is at $0.1642, which is up 20.63% in a 24-hour span. The market capitalization of the token has appreciated by 19.67% to $6.93 billion, and its 24-hour trade volume has soared by 33% to $573.58 million.
This price surge has happened due to Hedera’s recent collaboration with Nvidia, a global AI leader. This partnership could reshape decentralized AI infrastructure and unlock powerful new use cases on the Hedera network.
Another important boost came with the revelation that Chainlink’s Cross-Chain Interoperability Protocol (CCIP) is now available on the Hedera mainnet. This enables developers to create safe, cross-chain apps across 46+ blockchains, cementing Hedera’s position in the DeFi and tokenized RWA ecosystems.
This combination of major partnerships and tech integrations has driven HBAR’s recent price surge, pushing it up nearly 20% in just 24 hours.
Crypto analyst named ALLINCRYPTO has turned bullish on HBAR, setting a long-term price target of $2.25 or more. This follows more than $40 million in fresh inflows into the Hedera ecosystem, increasing hype around a potential HBAR ETF and the likelihood of Hedera futures being listed on Coinbase
With these events and a more crypto-friendly attitude in the U.S. gaining traction, faith in HBAR’s bull run is building momentum.
Also Read: FARTCOIN, HBAR, HYPE: CoinMarketCap’s Top Gainers Post Crash
