Hedera (HBAR) records 47,5% appreciation and gains strength in the crypto market

• HBAR is up 47,5% in 24 hours, reaching $0,278.
• Possible ETF and partnerships drive institutional interest.
• HBAR derivatives hit record $222 million.

The cryptocurrency Hedera (HBAR) has caught the market's attention by registering an impressive 47,5% appreciation in 24 hours, reaching a value of $0,278. This increase has consolidated a growth monthly 516%, making HBAR one of the best performing cryptocurrencies recently and placing it among the top 20 by market cap.

People are waking up to #Hedera $HBAR …. This is just the beginning pic.twitter.com/JlpQDdHrgx

— ALLINCRYPTO (@RealAllinCrypto) December 2, 2024

This impressive performance reflects a number of strategic factors. One of the main drivers is speculation about potential partnerships, such as integration with the Federal Reserve’s FedNow payment system, which could significantly expand the token’s practical applications in large-scale financial transactions. In addition, institutional interest has been driven by the possibility of a Hedera-specific ETF. The proposal has been submitted by Canary Capital to the SEC and, if approved, could attract institutional investors by providing a new way to access the HBAR market.

Another aspect that highlights the growing interest in HBAR is the increase in derivatives volume. Open interest in HBAR futures contracts reached a record $222 million, an increase of over 1000% in just 30 days. This movement indicates investor confidence in the cryptocurrency’s potential, both in the short and medium term, in line with the optimism surrounding the Hedera ecosystem.

Market projections suggest that HBAR could soon reach $0,504, which would more than double its current price. Additionally, rumors point to a possible collaboration with Ripple on developing a global standard for payment settlement, which could further strengthen Hedera’s position in the market. Expanding its use in the real-world asset (RWA) sector has also been touted as a significant competitive differentiator.

With robust technology, strategic partnerships and growing institutional acceptance, Hedera continues to consolidate itself as a promising project in the cryptocurrency universe, attracting investors looking for innovation and growth potential.