Hedera (HBAR) Price Skyrockets: Analysis, Predictions and Driving Factors

Bittime - HBAR prices have risen tens of percent in the last day. So what are the causes and what are the prospects for the future? Read the full article here!

HBAR Price Today and Upward Trend

Hedera (HBAR) prices have seen a significant spike in the last 24 hours. HBAR is trading at the level of IDR 4,099 per coin after previously weakening to the IDR 3,000s.

The price of Hedera (HBAR) has seen a significant spike in the last few weeks. On January 7 2025, the HBAR price was recorded at IDR 5,075, an increase of 16.00% in the last week. The market capitalization reached $12.04 billion, with daily trading volume increasing 44% to $684.96 million in the last 24 hours.

For comparison, on April 25 2024, HBAR fell 34.98% in one day to IDR 1,837. However, on February 27 2025, the price rose again to IDR 4,144.27, indicating a strong recovery trend.

Read also: Hedera Hashgraph (HBAR) Latest Developments

Causes of HBAR Price Increases

Some of the main factors driving the Hedera (HBAR) price surge include:

1. Strategic Partnerships and Technological Innovation

Hedera continues to expand its ecosystem through partnerships with various parties, including well-known figures and large companies. One of the most prominent partnerships is with Snoop Dogg, via a blockchain-based music platform Tune.fm.

This partnership allows artists like Snoop Dogg to release music exclusively on Tune.fm, which is built on the Hedera network. The main advantage of this platform is a fairer distribution of royalties compared to traditional streaming services. This announcement triggered a surge in token prices JAM Tune.fm as big as 222%, while increasing demand for HBAR.

Read also: Hedera (HBAR) Coin Breakout, Price Analysis

2. HBAR ETF Plan by Canary Capital

Canary Capital recently filed a registration statement S-1 to launch ETF HBAR, which attracted the attention of institutional investors. If approved, this ETF could significantly increase demand for HBAR.

3. Partnership with SpaceX for Crypto Transactions in Space

Hedera also announced a collaboration with SpaceX in developing crypto transaction solutions in space. This innovation strengthens Hedera's image as a major player in the blockchain industry, attracting more investors to its ecosystem.

HBAR Price Prediction in 2025 and 2030

Various analysis platforms provide diverse HBAR price predictions:

• Changelly: $0.0601 (end 2024), $0.0970 (2025)
• CryptoNews: $0,48 (2025)
• Binance: $0,2758 (2025), $0,3519 (2030)
• TheNewsCrypto: $0,6 (2025), $1,1 (2030)
• Bitget: $0.2263 (end 2025)

HBAR Price Technical Analysis

Currently, HBAR is testing resistance at $0.2629, which coincides with the descending trend line and the 0.382 Fibonacci level ($0.2636). If it succeeds in breaking this level, HBAR has the potential to rise to $0.3161 and $0.3542.

Conversely, if it experiences rejection at $0.2629, the price may correct to $0.2211 (Fibonacci 0.5) or $0.1787 (Fibonacci 0.618). Currently, the 50-day EMA at $0.2442 serves as support, indicating that bullish momentum is still strong.

Conclusion: Is HBAR Worth Buying?

Hedera (HBAR) price is showing strong performance with huge growth potential. Driving factors such as strategic partnerships, technological innovation and ETF plans make HBAR attractive to long-term investors.

However, considering the high volatility in the crypto market, investors are advised to conduct in-depth research before investing.

FAQs about Hedera (HBAR)

1. What is the predicted price of HBAR in 2025?

HBAR price predictions in 2025 range between $0.0970 to $0.6, depending on the source of the analysis.

2. What factors influence the price of HBAR?

The price of HBAR is influenced by development of the Hedera ecosystem, strategic partnerships, investor interest, general crypto market conditions, as well as support from figures such as Snoop Dogg.

3. Is HBAR a profitable investment?

HBAR has a positive outlook, but like all crypto assets, risks remain high. Be sure to do your own research and assess your risk tolerance before investing.

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Reference:

CoinMarketCap, Ivy (HBAR) Coin, Accessed March 3, 2025
CryptoNews, Tune fm Partnership Drives HBAR Token Surge, Accessed March 3, 2025