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Information about Hedera Hashgraph (HBAR)
Hedera Hashgraph is a public network that allows individuals and businesses to create decentralized applications (DApps). Hedera Hashgraph is designed to be a fairer, more efficient system, removing some of the limitations that older blockchain-based platforms had, such as slow and unstable performance. As its name suggests, the main technology of Hedera Hashgraph is based on the Hashgraph data structure and consensus algorithm to provide a new platform for distributed consensus.
Hedera Hashgraph was ICO in August 2018. Hedera Hashgraph launched open access for the first time a year later, in September 2019.
The HBAR token is a dual-role token in the Hedera Hashgraph network. HBAR is the power source for Hedera’s smart contracts, file storage, and regular transactions. HBAR is also used to help secure the network by allowing HBAR users to stake deposits to maintain the platform’s integrity.
News
Hedera has integrated Chainlink’s CCIP on its mainnet, allowing developers to seamlessly create decentralized applications connecting Hedera with over 46 blockchains. This move is expected to enhance user engagement and liquidity within its ecosystem.
The integration enables secure transfers of tokens, messages, and actions across chains, highlighting the potential for growth in decentralized finance (DeFi) and tokenization of real-world assets. CCIP has powered over $75 billion in DeFi activity.
The HBAR Foundation’s collaboration with Chainlink through the SCALE program enhances developer access to essential tools. With the launch of CCIP, developers have more opportunities to innovate and expand the Hedera network.
Hedera (HBAR) has rebounded by over 10%, suggesting early signs of bullish momentum after a week-long decline. The BBTrend indicator turned positive, signaling potential buying pressure.
Despite the rebound, bearish indicators like the Ichimoku Cloud and EMA signal that strong resistance remains. HBAR could fall to 0.124 USD if downward pressure continues, while breaking 0.153 USD could lead to recovery toward 0.20 USD.
Nvidia is now incorporating Hedera Hashgraph (HBAR) into its AI technologies, marking a significant development in merging blockchain with artificial intelligence.
This integration is expected to benefit crucial sectors, including healthcare and finance, ensuring reliable data verification and enhanced trust in AI-generated information.
Hedera’s energy-efficient ledger aligns with Nvidia’s goal of high-performance, eco-friendly technology, showcasing an emerging trend of collaboration between AI and blockchain.
The recent price correction in HBAR has left it vulnerable, with approximately $30 million in short positions at risk. While current levels offer temporary relief, downward momentum is a concern for traders.
A Death Cross between the 50 and 200-day EMAs may lead HBAR to drop below $0.154. Conversely, holding above $0.165 could trigger a rally towards $0.177, increasing liquidation risks for short positions.
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