Tag: HBAR

  • HBAR price soars as South Korean trading app Salt launches on Hedera

    HBAR price soars as South Korean trading app Salt launches on Hedera

    Hedera and Bitcoin

    • HBAR price rose 15% to hit highs of $0.20 as Bitcoin jumped to a new all-time high.
    • Salt app launch on Hedera amid overall bullish sentiment could push HBAR price to key resistance at $0.37.
    • The all-time high of $0.57 reached in September 2021 is a potential short-term target.

    HBAR, the native token of Hedera, has jumped by more than 15% in the past 24 hours to hit highs of $0.20.

    This comes amid Bitcoin’s spike and news related to the launch of Salt, a South Korean-based mobile trading application on Hedera.

    The token is also up amid the recent announcement of a milestone integration involving NVIDIA Blackwell, EQTY Lab’s Verifiable Compute, SCAN UK, Accenture Public Sector, and Hedera.

    Could these developments spark further adoption for HBAR and hence boost the token’s price?

    Hedera (HBAR) price spikes amid Salt beta launch

    Salt’s beta version is going live on Hedera, a move the Hedera Foundation announced early Friday.

    The integration has catalyzed a notable increase in HBAR’s price, which is up 15% in the last 24 hours and over 32% higher over the past week.

    Salt’s integration on Hedera is eyeing the MemeFi space, the Hedera Foundation said.

    The South Korea-based app will leverage the Hedera network’s scalability and efficiency, offering users access to over 30 chains and major decentralized exchanges (DEXs).

    The strategic importance of this partnership is that it expands Hedera’s presence in the Asia Pacific region. It will make DeFi on Hedera “fast, familiar, and fun”.

    “SALT is a mobile trading app on Hedera that makes DeFi feel fast, familiar, and fun. One-click wallets get you in, smart routing gets you the best trade, and a clean interface keeps you moving,” Hedera Foundation posted on X.

    This broad connectivity is expected to attract a diverse user base, fostering increased trading activity and liquidity for HBAR.

    Additionally, Salt’s reward system, which allows traders to earn points through swaps, referrals, and engagement, further incentivizes user participation, potentially driving demand for HBAR.

    Hedera price prediction

    As well as the overall Bitcoin-driven bullish sentiment, the surge in HBAR’s price is getting upward support from recent Hedera ecosystem milestones.

    One of these is an announcement that sees the NVIDIA Blackwell platform support EQTY Lab’s Verifiable Compute deployment.

    Per an announcement, the collaboration also involves computer hardware suppliers SCAN UK and Accenture Public Sector.

    The EQTY Lab’s initiative is built on Hedera, adding to the potential adoption exposure for HBAR.

    According to market analysts, HBAR price can target the robust resistance level at $0.37 if bulls go higher.

    Further legs up will bring the all-time high of $0.57, achieved in September 2021, into view as a potential short-term target.

    However, the key support levels remain around $0.13.



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  • Why is Hedera (HBAR) trending?

    Why is Hedera (HBAR) trending?

    • The Hedera (HBAR) token price has increased by 16% over the past week.
    • Hedera (HBAR) recently announced a strategic partnership with FreshSupplyCoAu to integrate with the Continuity API.
    • The integration allows Hedera users to access Mastercard Payment Gateway Services (MPGS).

    The Hedera (HBAR) has been trending within the crypto circles for its consistent price rally since mid-July.

    The HBAR token price has reclaimed its July Highs after a short pullback between July 20 and July 25.

    Here’s why the HBAR price is rising

    The current Hedera (HBAR) price surge is largely pegged on the recent strategic partnership between Hedera and FreshSupplyCoAu to integrate with the Continuity API and enable seamless connections to banks and the Mastercard Network.

    According to a tweet from the HBAR Foundation, FreshSupplyCoAu, a pioneer in the field of digital innovation, will see significant improvements by seamlessly integrating Hedera into its Continuity API. By integrating with the Mastercard Network, this dynamic fusion extends the reach of the Hedera network by connecting it to the traditional banking system.

    Users can now access Mastercard Payment Gateway Services (MPGS) and other upcoming Hedera Foundation projects, including their cutting-edge Web3 and digital asset solutions, thanks to the integration. The move represents a strategic step towards enhancing the usability and interoperability of Hedera rather than merely a development in technology.

    The initiative from FreshSupplyCoAu is ready to create new opportunities for efficiency, accessibility, and value for both individual users and businesses.

    The FreshSupplyCoAu integration is just the tip of the iceberg. The vision of the Hedera Hashgraph blockchain includes more collaborations and innovations to continually bridge the gap between decentralized finance and traditional finance. The blockchain was recently tapped by Kia and Hyundai automakers for an AI-powered CO2 emission monitoring system

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