Hedera (HBAR) Gains 8% Following Major Network Developments
Hedera Hashgraph (HBAR) Performance
- HBAR has gained 8% in a single day, trading at approximately $0.275 with a market cap of $11.75 billion.
- The surge follows the announcement that AUDD, a stablecoin on Hedera, will be used in the Reserve Bank of Australia’s “Project Acacia.”
- HBAR was mentioned in a recent White House Crypto Policy report, contributing to its positive momentum.
- A significant listing on Robinhood on July 25 led to a 50% increase in trading volume, reaching $648 million.
- HBAR's fundamentals include ETF filings and native stablecoin activity, positioning it favorably in the market.
- Technical analysis shows potential for continued upward movement, with targets set around $0.32 and $0.45.
- In the past month, HBAR's price increased by 85%, adding over $5.5 billion to its market cap.
Snorter Bot ($SNORT) Overview
- Snorter Bot is gaining traction as a Telegram-native crypto assistant, focused on meme coins and on-chain trading.
- It allows users to manage tokens, execute swaps, and create wallets directly within Telegram.
- Currently built on the Solana network, expansion to EVM-compatible networks is planned.
- Presale details: Token price at $0.0999, $2.63 million raised, total supply of 500 million tokens.