HBAR Reaches $0.18801 as Kenya Selects Hedera for Digital Exchange
The price of Hedera's token HBAR is currently $0.18801, reflecting a nearly 12% increase in the past week. It approaches a significant resistance level at $0.20. Despite an 18% drop in daily trading volume to $165 million, HBAR has shown consistent gains.
Kenya Stock Market Chooses Hedera for Digital Exchange
The Nairobi Securities Exchange will launch the Kenya Digital Exchange (KDX) on Hedera’s network, marking a notable development in blockchain technology within Kenya's financial sector. This serves as a key use case for tokenized assets.
Analysts express growing optimism about HBAR’s future. Charts indicate a breakout from a consolidation pattern established at the end of 2023.
$HBAR loading its next leg up!
Consolidation looks complete — a breakout toward $2+ is on the horizon.
Hedera’s just getting started. pic.twitter.com/wc9QJuZ0HU
— Gilmore Estates (@Gilmore_Estates) May 1, 2025
Technical indicators support bullish sentiment, with price levels not seen since mid-2022.
In February 2025, HBAR applied for a spot Exchange-Traded Product, pending SEC approval by November 11, 2025. Bloomberg analysts estimate an 80% chance of approval, suggesting potential inflow of capital from traditional finance.
Corporate Support for Hedera's Platform
Hedera's governance includes major tech companies, enhancing institutional legitimacy. Its technology is based on Hashgraph, enabling high-throughput transactions.
The focus remains on real-world applications like ESG tokens via Guardian, real estate tokenization with TOKO, and green bonds through Evercity, contrasting with speculative trends in the crypto market.
Featured image from Unsplash, chart from TradingView