Hedara Hashgraph is designed to be an alternative to Bitcoin and blockchain networks by offering a type of transaction protocol known as “gossip about gossip”. No mining is needed, and the distributed ledger technology used for Hedera Hashgraph is patented so that its proprietary coin HBAR is the only cryptocurrency that can use this specific technology.

Hedera Hashgraph is meant to continue some of the ideas begun by blockchain and enable transactions that are much, much faster and that require less processing power. So, they should be better for the environment, as heavy resource consumption is a common complaint leveled against Bitcoin mining. HBAR is also designed to improve transaction security, cost, and fairness compared to traditional blockchains. 

The Hedera Hashgraph platform behind the HBAR currency allows anyone to transact using applications, and the platform is managed by a network of businesses. Hedera uses a restricted number of nodes for its transactions but then processes those transactions much faster than what most blockchain networks are capable of. This tradeoff is found all throughout its protocol and is part of what makes it really stand out. 

Hedera Hashgraph Breakdown

Using the hashgraph consensus mechanism, the decentralized HBAR functions on a proof-of-stake public ledger that is incredibly secure and that actively works to protect the network from attack. Every time a transaction is sent to the Hedera Hashgraph network, HBAR coins are utilized to provide adequate security, computation, and bandwidth to the network nodes. That means the transactions can occur very quickly without using a lot of processing power. 

HBAR has already reached its maximum supply of 50 billion coins, and it has a market cap of $5,544,997,343 at this time. It is ranked at #36 on the cryptocurrency market, making it a mid-tier crypto that’s heavily influenced by the top-tier cryptos but with momentum of its own. 

HBAR tokens retain value as not just a decentralized cryptocurrency that uses smart contracts for quick transactions, but they also double as a way to keep the network secure. HBAR users are able to take their tokens and stake them to help the network retain its integrity. 

HBAR token transactions cost an average of $0.0001 USD, which makes them substantially cheaper than most kinds of cryptocurrency transactions. They can also be processed in about five seconds or less, and they offer great scalability as well. The Hedera Hashgraph network is supposed to be able to handle more than 10,000 transactions each second. That is substantially faster than most blockchain crypto networks. 

Hedera Hashgraph History

Hedera is the brainchild of Mance Harmon and Leemon Baird. They developed Hedera through their company Swirlds and currently hold the license to the patents for it. A managing council owns Hedera, and this council is made up of some major players, including Google, Tata Communications, Boeing, Shinhan Bank, Standard Bank, IBM, and more. 

Public Launch

Hedera launched the HBAR token in late 2019 at $0.08692 without bothering to hold an ICO (Initial Coin Offering). It did, however, conduct what is known as an accredited investor crowdsale to give its initial development and launch a nice boost. 

The HBAR price plummeted within a month and struggled to get back up to that initial level over the next couple of years.

Pulled by the Market

The Hedera Hashgraph price started to rise significantly at the beginning of 2021. As the cryptocurrency market climbed higher and higher overall, it pulled the HBAR rate with it. By March 14th, the HBAR token had achieved a price of $0.4026 and stayed around that level for a month.

The HBAR price dropped again in April, with the crash of the crypto market. Like most cryptos, the bottom fell out of HBAR when Bitcoin took a major hit. Hedera Hashgraph was being pulled along with the rest of the market once again. 

Then, in September 2021, the Hedera Hashgraph rate jumped again, pulled by the bulls to a height of $0.5059- an all-time high. It has fallen since then, but that level of achievement has shown that Hedera has some incredible potential. 

Hedera Hashgraph Price Factors

What influences a crypto can differ from one to another. Before investing in cryptocurrency, it is wise to look at the different price factors and determine what might be affecting the rate of the crypto you are wanting to invest in. That way, you can watch those factors to have some idea of where the crypto’s price may be headed.

Cryptocurrency Market Price

The top tier cryptos like Bitcoin and Ethereum often play on their own level, and as their rates change, that can have a ripple effect down to the lower-tier or lower ranked cryptos. If you want to know where the Hedera Hashgraph rate is headed, then simply look at Bitcoin. As Bitcoin moves up or down, you can expect to see a crypto like HBAR move in a similar direction.

Economic Factors

With any crypto, you'll also want to watch the economy. A healthy economy means more people have disposable income to spend on risky investments like cryptocurrency. As a volatile investment market, cryptocurrency tends to do best when the economy is prospering. That's why we saw a huge jump in price for most cryptocurrencies in the early months of 2021. That's when a number of global economies were starting to open back up following the coronavirus pandemic and many businesses and private citizens were receiving stimulus checks that they could then invest in crypto.

Token Utility

Most every cryptocurrency is developed with an eye to make it useful in some way beyond simply being transferred from one currency to another. Hedera was initially backed by a number of businesses because they saw potential in the way it could be used. If more companies start to use the Hedera technology, if new uses are found for its network, or if the HBAR token is adopted by online services, the value of the token would increase. Likewise, if any of these diminish, HBAR’s price will likely drop. 

Trading Hedera Hashgraph

Are you looking to invest in HBAR tokens? Before you do, you should know some important facts about trading this cryptocurrency. You can use the analytical tools that we offer here on FX Leaders, including our live updates, rate predictions, and price trackers. You can stay on top of the Hedera Hashgraph rate this way and have an idea of where it might be headed.

Trading any kind of cryptocurrency is very risky, as there is a chance that you could lose your investment quickly and unexpectedly. Despite being different from many types of cryptos in some key ways, HBAR is still very volatile. The HBAR price can go up or down with little warning. There is a lot of opportunity to make a profit, but there is also a lot of risk involved in trading this cryptocurrency. 

Hedera Hashgraph can be traded on several different cryptocurrency platforms and can be purchased on the Hedera network directly. The HBAR coin is available on Binance, Upbit, OKEx, Huobi Global, and more. As cryptos gain popularity, they become easier to find and are available on more exchange platforms. Each platform has its own transaction fees, but all share the same live pricing for Hedera Hashgraph.  

When trading the Hedera Hashgraph coin, it’s best to try to buy low and sell high, which can only be achieved by closely watching the market for signs of movement and leaping on the opportunity to sell when the price is right.