What Is Hedera Hashgraph?
Hedera Hashgraph is an open-source distributed ledger technology (DLT) based platform that uses a unique consensus algorithm called the “Hashgraph consensus algorithm” to provide high throughput, low latency fast transactions. According to White Paper, it is designed to provide users with a fast, secure, and fair alternative to traditional blockchain networks such as Ethereum and Bitcoin. Similar to Ethereum, it also supports smart contracts and allows developers to build and deploy a wide range of decentralized applications (dApps), including cryptocurrency, smart contracts, and file storage.
Who Created the Hedera Coin?
The project was founded by two business partners, Leemon Baird and Mance Harmon, under the supervision of Hashgraph LLC. Both Dr. Leemon Baird and Mance Harmon have played a significant role in developing the Hedera Hashgraph platform and the Hedera coin.
As of now, the CEO of the project, Hedera, is Mance Harmon, who is also co-founder and CEO of Swirlds. According to its official website sources, the Hadera network is managed more in a decentralized way under the “governing council” of big global entities.
Hedera vs Solana
Hedera Hashgraph and Solana both are quite similar projects in many ways, as they both run on top of distributed ledger technology that aims to provide fast and secure decentralized applications (dApps) solutions.
The contrast between Hedera Hashgraph and Solana is the way they have deployed consensus mechanisms into their ecosystem. Hedera Hashgraph uses the “Hashgraph consensus algorithm” to provide high efficiency, quick response, and fair ordering of transactions. While as on the other hand, Solana employs a consensus mechanism referred to as “Proof of Stake + Tendermint,” which combines the benefits of proof of stake and Tendermint consensus.
Another key difference is scalability, and this is a pretty major one because a lot of major projects, even Ethereum and Binance Smart Chain, have scalability issues. Hedera Hashgraph claims to handle up to 10,000 transactions per second (TPS), while Solana claims to handle up to 65,000 TPS. But it also has a drawback; we have seen the Solana network going down many times due to high usage.
In short, Solana does claim to process more transactions, but with downtime issues, it can’t be used as a trust blockchain network to deploy on a large scale.
Regarding the types of dApps that can be built on the two platforms, both Hedera and Solana support a wide range of decentralized applications, including cryptocurrency, smart contracts, and file storage. However, Solana is more focused on decentralized finance (Defi) applications, while Hedera is more focused on providing a general-purpose public network.
Where To Buy HBAR?
Hedera Hashgraph (HBAR) can be purchased on various cryptocurrency exchanges that support HBAR trading, such as Binance, Huobi Global, Bitstamp, KuCoin, and OKX. That’s not all; investors can also purchase HBAR from different decentralized dApps, such as Heliswap, a decentralized exchange built on top of the Hedera Blockchain network.Β
However, It is worth noticing that the value of the HBAR coin might be slightly different on some exchanges due to high trading volume and price fluctuation. So, if you are gonna purchase it, don’t forget to check out the price of the coin on different exchanges.
How to buy HBAR
If you are a newbie and looking for step by step guide on how to buy HBAR coins, well, don’t worry. Because now, I’m going to explain how to Buy HBAR in this step-by-step guide; we are going to use Coinbase as it is one of the safest and oldest crypto exchanges available.
For those who don’t know about Coinbase it is an American-based centralized exchange founded by Brian Armstrong (former Airbnb Engineer) in July 2012. Now coming to the main point on how to purchase HBAR, follow the below steps.
Step 1
First of all, visit Coinbase and log in to your account. If you already don’t have an account, then click on Get started to signup.
Coinbase is the most well-known of the “compliant exchanges” and a publicly traded business operating under the scrutiny of US regulators; Coinbase has benefited as the cryptocurrency market has developed and regulators have become more involved.
Step 2
Provide the necessary details to step up and account, along with a strong password, as this is what will keep your assets safe.
Step 3
Once the account is successfully created, the homepage will be displayed. Now, click on Trade on the right sidebar and search for HBAR in the search box.
Step 4
After searching HBAR a pair of HBAR/USDT will appear. Click on it and then start buying any amount you like at desired price. If you don’t want to purchase at market price, then manually adjust buying price and place an order for Limit Buy with just one click on Coinbase.
Is Hedera Crypto a Good Investment?
It is difficult to make a general statement about whether Hedera cryptocurrency is a good investment, as the value of any investment can be affected by various factors and is subject to market fluctuations. We all know cryptocurrencies are risky assets to invest in due to high fluctuation in value.
Comparing HBAR with other major projects like Ethereum, Bitcoin, and Dogecoin, it is less popular than some other cryptocurrencies and may entail more risk than more established options. But, the Hedera platform boasts some unique features like its high efficiency, quick response, and fair ordering of transactions, which could make it appealing to some investors.
Before making investment decisions, it is crucial to conduct thorough research and understand the risks. It’s always a good idea to consider factors such as the technology behind the project, the team behind it, the adoption, use cases, the competition, and the overall market conditions before making an investment decision. Based on these factors and, as we explained above, different aspects of HBAR, I believe it would be worth paying attention to it.
Hedera Price Prediction
According to CoinmarketCap and Coingecko live trading data, HBAR is currently trading above $0.0605 with a market cap of over $1.5B dollar. As of now, the Support level for the HBAR coin is around $0.0447, and it is almost 10% from its Support Level. Based on our Chart Analysis expert’s panel opinion HBAR has good long-term potential as more and more projects are being deployed on the network.
If we take a look at the all-time high on the last bull run, HBAR marked around $0.57, while the major resistance faced by the coin was around $0.446. Our Chart Channel analysis expert believes it is possible for HBAR to reach $0.70 to $0.80 in the next bull run and probably $1 sometime by the mid of 2025. Talking about the long-term potential of HBAR, we believe HBAR has the potential to reach $5 by 2030.
Where to buy Hedera Hashgraph in the USA?
One of the safest ways to purchase Hashgraph in the USA is by purchasing it from the world’s leading and oldest crypto exchange USA. However, some ways to Purchase HBAR are through Dex and P2P platforms. In the USA, Hedera Hashgraph can also be purchased through peer-to-peer platforms such as LocalHedera and Hedera OTC, which allow users to buy and sell HBAR directly with other users.
Is Hedera Crypto Safe?
Hedera Hashgraph carries some level of risk like any other cryptocurrency. As explained before, the safety of Hedera Coin can be affected by various factors, such as the platform’s security and the stability of the team behind the project, and market conditions. It’s important to conduct thorough research, understand the technology and the team behind the project, and be aware of the overall market conditions before making any investment decisions.
We Coin-Labs.com provides only objective information about Hedera.
Therefore, we are not responsible for the investment decision in Hedera and the resulting loss.
Hedera Basics
Here are some factors that investors should consider before investing in Hedera.
| Cryptocurrency Features | Hedera (HBAR) |
|---|---|
| Publisher or Developers | Hashgraph LLC |
| Headquarters (Registration Number) | USA |
| Symbol | HBAR |
| Platform | |
| Published Date (CMC Registration) | 2024-11-01 |
| Max Supply | 50,000,000,000 HBAR |
Reliability Score of Hedera in 2024
These are indexes mesuring the investment reliability of Hedera conducted by Coin-Labs.com.
| Investment Reliability Rating Items | Scores and Current Status |
|---|---|
| Company Activation Rate | 2.3 / 10.0 CAR |
| Communication Rate | 8.8 / 10.0 CR |
| Technology Transparency Rate | 7.7 / 10.0 TTR |
| Development Participation Rate | 8.0 / 10.0 DPR |
| Listing Status on the World's Top 10 Exchanges | Listed on 6 Exchanges |
| Number of Available Pairs Worldwide | 283 Pairs |
| Market Cap of the Cryptocurrency | 2,455,264,354 USD (Rank #37) |
The table above shows the result of investment suitability evaluation for Hedera.
Check out how we evaluate cryptocurrencies on the crypto rating description page.
Hedera Price
Here are the price and recent trading volume of Hedera. (Data of 2024-11-02 00:37:00)
| Price Items | Price and Trading Volume of Hedera |
|---|---|
| Hedera Price | 0.046 USD |
| Price Change 24h | -0.96% |
| Price Change 7d | -8.86% |
| Trading Volume 24h | 45,593,998 USD |
| Trading Volume Change 24h | -1.66% |
Cryptocurrency Metadata
You can check the development status and social media information of Hedera through the links in the table below.
| Metadata Source | URL |
|---|---|
| π Official Website | https://www.hedera.com/ |
| π White Paper | https://www.hedera.com/papers |
| π°οΈ Source Code (GitHub) | https://github.com/hashgraph |
| π¦ Twitter | https://twitter.com/hedera |
| π€ Reddit | https://reddit.com/r/hedera |
| πΊ Message Board | https://hedera.com/blog |
Where to Buy Hedera
Here are the top ten world crypto exchanges where traders can buy Hedera in 2024.
| Top10 Exchanges | Listed Status | Page URL |
|---|---|---|
| Binance | Listed | https://www.binance.com/en/trade/HBAR_BTC?theme=dark&type=spot |
| Coinbase | Listed | https://pro.coinbase.com/trade/HBAR-USD |
| Kraken | Not listed | |
| KuCoin | Listed | https://www.kucoin.com/ko/trade/HBAR-USDT |
| Bitfinex | Not listed | |
| OKX | Not listed | |
| Huobi | Listed | https://www.huobi.com/en-us/exchange/hbar_usdt |
| Bitstamp | Listed | https://www.bitstamp.net/markets/hbar/usd/ |
| Bybit | Not listed | |
| Gate.io | Listed | https://www.gate.io/zh-tw/trade/HBAR_USDT |
Frequently Asked Questions
What is the current price of Hedera?
Hedera price today is 0.046 USD. Furthermore, the price of Hedera has fluctuated by -0.96% from 24 hours ago, and by -8.86% from a week ago.
Where is Hedera listed?
Currently, it is listed on a total of 6 among the world top 10 exchanges.
What is the market cap of Hedera now?
Currently, Hedera has a market cap of 2,455,264,354 USD, which is ranking 37 among cryptocurrencies worldwide.
How much is the trade volume of Hedera?
Currently, 37,679,928,376 HBAR coins are circulating through 283 market pairs. As a result, in the last 24 hours, 45,593,998 USD of HBAR coins were traded in the market.
