{"id":219,"date":"2025-05-20T22:12:04","date_gmt":"2025-05-20T22:12:04","guid":{"rendered":"https:\/\/bitunikey.com\/news\/hbar-price-analysis-as-hedera-flips-stellar-algorand-on-key-metric\/"},"modified":"2025-05-20T22:12:05","modified_gmt":"2025-05-20T22:12:05","slug":"hbar-price-analysis-as-hedera-flips-stellar-algorand-on-key-metric","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/hbar-price-analysis-as-hedera-flips-stellar-algorand-on-key-metric\/","title":{"rendered":"HBAR price analysis as Hedera flips Stellar, Algorand on key metric"},"content":{"rendered":"
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Hedera Hashgraph token wavered on Tuesday as sentiment in the crypto industry waned.<\/p>\n

Hedera Hashgraph (HBAR) was trading at $0.1900, down about 15% from its highest level this week and 50% below its high in November last year.<\/p>\n

Fundamentals suggest that the HBAR price may rebound soon. One of the most notable is that the supply of stablecoins on Hedera has surged in recent days.<\/p>\n

Hedera now holds $181.4 million in stablecoins, up from $20 million during the same period last year. It has also jumped from $34 million on Jan. 1. Circle\u2019s USD Coin (USDC) has a market dominance of 99.5% in Hedera.<\/p>\n

This growth means that Hedera has overtaken some popular layer-1 chains in the amount of stablecoins in the ecosystem. Stellar (XLM) has $180 million, while Algorand (ALGO), Cronos (CRO), and Polkadot (DOT) have $160 million, $141 million, and $102 million, respectively.\u00a0<\/p>\n

<\/p>\n

A rising volume of stablecoins on a chain is typically bullish, as it signals increasing user activity.<\/p>\n

Another catalyst for HBAR is the rise in decentralized exchange volume. DeFi Lllama<\/a> data shows that weekly volume jumped 40% to $64.4 million, bringing the cumulative total to $4.6 billion.\u00a0<\/p>\n

Hedera is also becoming a notable player in the real-world asset tokenization space. It recently launched the Asset Tokenization Studio, designed to streamline the configuration, issuance, and management of tokenized bonds and stocks.<\/p>\n

In addition, Hedera has introduced a stablecoin studio, a consensus service, and the Hedera Token Service. The network is positioning itself as a key player in tokenization, bolstered by partnerships with firms like Google and IBM.<\/p>\n

HBAR price technical analysis<\/h2>\n
<\/source><\/p>\n<\/picture>
HBAR price chart | Source: crypto.news<\/figcaption><\/figure>\n

The weekly chart shows that Hedera\u2019s price bottomed at $0.1250 in April before rebounding above $0.20 this month. It remains above the key support level at $0.1826, the highest swing on April 22 last year.<\/p>\n

HBAR is also trading above the 50-week moving average, while the Relative Strength Index has turned higher. As a result, the coin is likely to continue climbing, with bulls targeting the year-to-date high of $0.4032, a potential 105% gain from the current level.<\/p>\n

<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Hedera Hashgraph token wavered on Tuesday as sentiment in the crypto industry waned. Hedera Hashgraph (HBAR) was trading at $0.1900, down about 15% from its highest level this week and…<\/p>\n","protected":false},"author":1,"featured_media":220,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-219","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/219","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=219"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/219\/revisions"}],"predecessor-version":[{"id":221,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/219\/revisions\/221"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/220"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=219"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=219"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=219"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}