Hedera Hbar explodes by 49%: UK banks rely on blockchain!

Hedera Hbar explodes by 49%: UK banks rely on blockchain!

In the world of cryptocurrencies, there is rarely a standstill - especially when it comes to Hedera and its native currency. Hbar has experienced a remarkable increase of 49% in the past seven days and is now acting with impressive $ 0.23. The market value has reached the dizzying mark of almost $ 10 billion, which is not unnoticed. What is behind this leap up and who are the new players on this financial chess board?

Great British financial institutions, such as Lloyds Bank and Aberdeen investments, have recently taken over Hedera's blockchain technology for trade in tokenized assets. For this purpose, digital representations of Aberdeen’s money market funds and British government bonds were handled over the Hedera Hashgraph Network. These transactions take place in accordance with the existing legal framework, which is a decisive step for the acceptance of blockchain in the traditional financial world. As it was shown, the distribution of the data and manipulation security is advantages that Hedera has to offer - properties that many in the industry should like.

The details of Hedera and Hbar

What makes Hedera so special? An important aspect is that the system is based on blockchain, a distributed database that consists of blocks that store individual data records chronologically. Each participant has a complete copy of this data history, which guarantees high transparency and quickly reveals attempts to manipulate. In the financial world, where trust and security are decisive, this could have the potential to fundamentally change the way transactions are. This technology is not only limited to financial movements, but can also be used for smart contracts, i.e. self -executable contracts.

technical analyzes and future developments

In the markets themselves, the technical analysis shows that Hbar has broken out of a falling wedge formation, which is often a harbinger of significant price movements. With a trading volume of over $ 1 billion in the last 24 hours and net inflows of over $ 5 million, the market is heavily in motion. Analysts see a 90% probability for the approval of a spot HBar ETF in 2025, which could possibly have another boom for institutional investments. The next goal is to consider a price of $ 0.70 by many experts - a clear sign of the increased interest.

For more information about the use of blockchain in the financial world, a look at the explanations of ahd.de href = "https://cryptopotato.com/hbar-breaks-out-of-following-massive-adoption-news-0-70-next/"> Cryptopotato.com . So everyone remains well informed about the latest trends and developments!