HEDERA: TOP CRYPTO TO BUY 2023! WITH OVER 1,200% POTENTIAL! HBAR Coin News & Price Prediction
HEDERA: TOP CRYPTO TO BUY 2023! WITH OVER 1,200% POTENTIAL! HBAR Coin News & Price Prediction
00:00 Introduction
03:45 Hedera (HBAR) price
04:14 NEWS
09:14 Hedera (HBAR) Price Prediction
09:57 My thoughts
Hashgraph technology has achieved a major milestone, surpassing 10 billion transactions on its network. This achievement makes it one of the most preferred platforms in the web3 space, especially in the case of scalability.
Hedera is a public-permissioned leaderless Proof-of-Stake (PoS) blockchain network. Hedera offers developers core services, known as the Hedera Network Services, to build decentralized applications. The network is powered by the Hashgraph Consensus Algorithm, which offers high throughput, fair ordering, and low-latency consensus.
In the face of a historically challenging crypto bear market in 2022, Hedera remained steadfast in its commitment to building and expanding the network.
The momentum persisted into Q1 2023, with Hedera witnessing robust financial performance and further growth across all network services, setting new all-time highs in activity. Meanwhile, the DeFi ecosystem continued to grow, marked by the launch of an additional DEX.
During Q1 2023, Hedera experienced strong financial performance. Hedera's circulating market cap surged 108% from $940 million to $2 billion, which was more than double the total crypto market's increase of 46% during the same period. Additionally, revenue, defined as total transaction fees, increased by 489% to $476,000. This spike in revenue was driven by a nearly 40-fold increase in transaction volume, primarily propelled by the Consensus Service. The total monthly transactions on Hedera have exploded!
Alongside this, account-related metrics experienced a significant uptick.
The amount of newly created Hedera accounts has significantly increased in May 2023
Nonetheless, the spike in account-related activity can be attributed to several factors. Firstly, existing DEXs, SaucerSwap and HeliSwap, have continued to enhance their functionality and features. Secondly, the launch of Pangolin in early February contributed to the increase. Initially launched on AVAX, Pangolin is a multichain DEX that has since expanded to encompass Hedera, Flare, EVMOS, and NEAR, further boosting Hedera's network activity.
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