3 months ago 2 min read

Hedera (HBAR) Turns Bullish, Short-Term Ethereum (ETH) Price Target


A well-known cryptocurrency trader by the name of Credible is suddenly bullish about Hedera (HBAR) as markets enter a new year. His price target for Ethereum is $1,400, which would represent a 16% gain over current prices.

According to the Twitter account of the fictitious trader Credible, Hedera (HBAR), which is currently over 93% lower than all-time highs, is the object of a dollar cost average (DCA) investment.

The HBAR native coin is part of the Hedera Hashgraph system, which aims to be a speedier, more efficient, and more secure version of traditional blockchain technology. The system uses what is known as its Gossip protocol and is built on a Directed Acyclic Graph (DAG).

HBAR now has a market valuation of little under $1 billion with a maximum supply of 50 billion tokens and 25 billion of those in use.

There are reliable assertions that once a bull market starts, it won't matter if Hedera has a large maximum supply compared to the circulating supply.

On the same day, Credible predicted that Ethereum would soon reach a price of $1,400, which would be a 16% rise from the price at the time.

Great! You’ve successfully signed up.
Welcome back! You've successfully signed in.
You've successfully subscribed to Coin Aquarium.
Your link has expired.
Success! Check your email for magic link to sign-in.
Success! Your billing info has been updated.
Your billing was not updated.