What Will Be My Portfolio If HBAR Price Hits $1 in 2024?

HBAR just broke a two-year structure and has gained a hike of 10% just in the day. It has continuously maintained the bullish hike for more than ten days now. During that, over 75,000 new accounts were opened, and one million transactions were completed on the network. So, with this current growth, are there chances of HBAR hitting $1 by the end of this year? Let’s have a look at that in this blog.

HBAR Market Performance Milestones

Hedera (HBAR) is the token for Hedera Hashgraph, an alternative to the standard blockchain. Like any blockchain token, it secures the network and works as fuel for transactions, Smart Contracts, and file storage on the network.

Hedera recently collaborated with Mondelēz International, the parent company of Oreo, Cadbury, etc. It will help to develop a distributed ledger solution for internal use in the company. Hedera has connections with more tech-related companies like Google, Dell, etc. This new collaboration has not only brought up an opportunity for the company, but the HBAR token price has also risen after this announcement.

According to CoinmarketCap, HBAR has hiked more than 22.5% in the last few days and is currently trading at $0.09425. Because of the price increase, a hike of 154.73% is seen in the trading value, taking it to that value of $141,120,608. Its maximum supply is massive, as in 50,000,000,000, which is why its price is comparatively low. There was a time in September 2021 when HBAR reached its maximum value of $0.4769, bringing the expectations of the $1 mark one day.

What happens if Hedera(HBAR) hits $1?

HBAR is on a hike, and most people will be in some profit, except the ones who bought it at its all-time high. If we start with today’s price, which is almost $0.1, you will make ten times the profit if the price goes up to $1. For sure, you won’t just buy one coin, right? Let’s say 100 dollars worth of HBAR. It will be $1000 once it reaches the $1 mark.

If HBAR hikes, there’s a certainty that the market situation is up as well, or it is entirely bullish. So many other cryptocurrencies will hike, making your portfolio look in a good profit with this.

A person’s portfolio needs diversity to maintain profit in the market or at least suffer with the most petite loss at bad times.

HBAR Price Prediction  : Will Hedera(HBAR) Hit $1 IN 2024?

Hedera (HBAR) hasn’t reached the value of $1 till now, but the community expectations are high. On the last day, thousands tweeted, complementing the HBAR growth over the weekend. HBAR started breaking the market on 8th February and has been continuously hiking since then. Many have predicted HBAR to reach $1 by the end of 2024, but there’s never a certainty.

The technical indicators show the market is Bullish on a greed of around 76. It is the reason for the HBAR price hike. The bull zone predictions are for the year’s end. If it does come, HBAR will break the record.

But for now, all the analysis just talks of a potential to reach $ 0.360208 by 2026. Hopefully, it will touch the $1 mark by 2030.

Conclusion

The recent pump in HBAR prices has brought up people’s hope for seeing it at the $1 mark by the end of this year. The crypto market is in the greed zone, and Hedera gained a partnership deal with  Mondelēz International, leading to the price hike. The $1 Mark isn’t close, but is expected to happen by 2030. The price fluctuation can happen anytime. It is necessary to track the market and invest accordingly.

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