Hbar price today

Hedera (HBAR) Price Today

Current Price and Market Data

• Price: The current price of Hedera (HBAR) is approximately $0.0488 USD (CoinMarketCap, CoinDesk).
• 24-Hour Change: The price has increased by about 1.03% in the last 24 hours (CoinMarketCap).
• Market Cap: Hedera's market cap stands at $1.84 billion USD (CoinMarketCap, CoinDesk).
• Trading Volume: The 24-hour trading volume is approximately $29.82 million USD (CoinMarketCap).

Supply Details

• Circulating Supply: There are 37.68 billion HBAR coins in circulation (CoinDesk).
• Max Supply: The maximum supply of HBAR is 50 billion coins (CoinMarketCap).

Historical Context

Hedera Hashgraph launched its mainnet in September 2019. Initially, HBAR traded below $0.03 until the crypto boom of 2021, when it surged to $0.40 in April and peaked at $0.57 in September. However, like many cryptocurrencies, it couldn't maintain these highs and fell to $0.13 eight months later (CoinDesk).

Unique Features of Hedera

• Hashgraph Technology: Unlike traditional blockchains, Hedera uses a hashgraph consensus mechanism, which enhances speed, security, and scalability (Binance).
• Governance Model: Hedera's governance is managed by 39 entities from various industries, ensuring diverse and stable oversight (Binance).

Use Cases

HBAR serves dual purposes:

• Fuel for Services: It powers services like smart contracts and file storage.
• Network Security: Users can stake HBAR to help secure the network (CoinMarketCap).

Where to Buy HBAR

HBAR is available on major exchanges such as Binance, Bittrex, and Huobi Global. Popular trading pairs include HBAR/USDT, HBAR/BTC, and HBAR/ETH (CoinMarketCap).

Conclusion

Hedera (HBAR) is a promising cryptocurrency with unique technology and governance. Its current price reflects a modest increase, and it remains a significant player in the crypto market.