Robinhood Lists Hedera Hashgraph, Boosting HBAR Above Litecoin and Avalanche
Robinhood has listed Hedera Hashgraph (#HBAR), leading to a 13% price increase to $0.28 before stabilizing at around $0.25. This surge occurred despite a broader 3% dip in the cryptocurrency market.
- Hedera's market capitalization reached $10.7 billion, surpassing Avalanche ($9.8B) and Litecoin ($8.5B), placing HBAR in 16th position among cryptocurrencies.
- The listing aligns with positive regulatory developments under the Trump administration, enhancing interest in compliant altcoins.
- Prior to this, Robinhood introduced HBAR in the UK, indicating a phased rollout strategy.
- With over 23 million funded accounts, Robinhood's listing could significantly boost HBAR's visibility and liquidity.
- Technical analysis indicates potential short-term price resistance around $0.26, with a critical support level at $0.24; a breakout above $0.30 is possible if $0.24 holds.
Overall, HBAR's recent performance may signal further growth potential within the competitive cryptocurrency landscape.