Everyone is sleeping on $HBAR
Hedera (HBAR) is up on an impressive rise, currently trading at $0.118 after a jump of 21.6% in 24 hours and 26.6% in seven days.
This rise is due to increased interest in Hedera's business case for enterprises.
Specifically, its IDTrust identity platform got listed on the IBM Cloud Catalog, potentially creating a channel for its commercial use among enterprises, in addition to which Hedera-related businesses were mentioned due to #NVDA initiative concerning AI safety.
Besides that, the token received attention because of the renewed interest in real-world assets tokenization and blockchain infrastructures for institutions.
Moreover, trading volumes have increased together with the price rise, with the daily volume being reportedly equal to $619.5 million in the recent session.
Nevertheless, the price rise is still quite hot as the daily RSI of #HBAR was reportedly above 80, usually meaning overbought conditions.
The listing of IBM is commercially significant, but it doesn't prove increased HBAR utilization yet.
The upcoming test is how business announcements can be translated into actual network activity.
Hedera (HBAR) is up on an impressive rise, currently trading at $0.118 after a jump of 21.6% in 24 hours and 26.6% in seven days.
This rise is due to increased interest in Hedera's business case for enterprises.
Specifically, its IDTrust identity platform got listed on the IBM Cloud Catalog, potentially creating a channel for its commercial use among enterprises, in addition to which Hedera-related businesses were mentioned due to #NVDA initiative concerning AI safety.
Besides that, the token received attention because of the renewed interest in real-world assets tokenization and blockchain infrastructures for institutions.
Moreover, trading volumes have increased together with the price rise, with the daily volume being reportedly equal to $619.5 million in the recent session.
Nevertheless, the price rise is still quite hot as the daily RSI of #HBAR was reportedly above 80, usually meaning overbought conditions.
The listing of IBM is commercially significant, but it doesn't prove increased HBAR utilization yet.
The upcoming test is how business announcements can be translated into actual network activity.
