Hedera Hashgraph’s HBAR Rises 20% Following NVIDIA Integration Announcement
Hedera Hashgraph's native cryptocurrency, HBAR, rose by 20% amid a broader crypto market recovery. The price is currently at $0.16 with a market cap exceeding $6.5 billion and a daily trading volume up by 42%, reaching over $538 million.
NVIDIA Announces Hedera Integration
- NVIDIA announced integration of the Hedera Hashgraph blockchain into its AI systems.
- This partnership aims to enhance real-time data verification and trust in AI-generated results.
- The integration addresses accuracy and reliability needs as AI use expands across industries.
- Hedera's technology enables transparent tracking of data origins, reducing misinformation risks.
- NVIDIA emphasizes alignment with Hedera's high-speed, low-energy network for sustainable technology.
Will Hedera’s Price Rally Continue?
- Hedera's price has experienced volatility due to global macro uncertainties.
- The recent price increase coincides with a 20% rise in HBAR futures open interest, now at $148 million.
- On-chain data shows bullish signals, with the Bollinger Band Trend flipping positive to 3.96.
- Indicators suggest potential bullish reversal after recent market corrections.
Source: TradingView