On September 17, 2019, a public beta test was launched for the Hedera Hashgraph network, a distributed registry with a declared throughput of 10,000 transactions per second. The platform also launched its own Hedera Hashgraph cryptocurrency HBAR as well as a service for smart contracts and file storage. Additionally, there are already over three dozen applications already operating on its basis.
What is the Hedera Hashgraph forecast for 2021 and beyond? Will HBAR price go up in 2021? Find out this and more in our Hedera Hashgraph price prediction for 2021-2030.
Hedera Hashgraph Review
Hashgraph, the HBAR blockchain, is a more efficient alternative to blockchain. It is also a distributed registry, but one that uses a different way of writing blocks.
Instead of a clear sequence of blocks (blockchain), the hashgraph uses a Directed Acyclic Graph (DAG), which records information in a non-linear way, without a sequential chain of blocks.
Cryptocurrencies such as IOTA, Byteball and Tangle are already operating on the basis of DAG. Thanks to DAG, the hashgraph promises all the advantages of the blockchain, but without its drawback in the form of low transaction speed.
In its most general form, a hashgraph consensus works as follows:
- network participants (nodes) exchange data via the Gossip protocol
- transaction information is sent to two random nodes, transmitting them, in turn, to two other
- nodes, and so on exponentially, until the number of informed nodes is enough to verify the transaction
- nodes exchange only transaction data with each other, and not all information about the network, while information is stored not in blocks, but in hashes – therefore, everything happens much faster than in the blockchain
- transactions are recorded in chronological order, so you can track their history.
The hash algorithm was developed and patented in 2016 by the American mathematician Leemon Baird. Algorithm rights are owned by Swirlds, co-founded and developed by Baird.
Swirlds technology was spotted by U.S. banks in October 2017, the National Credit Union Association (CUNA) and Mountain West Credit Union Association (MWCUA), which formed a consortium of 6,000 banks, selected Swirlds to create a common corporate network. Success allowed them to separate the project into a separate platform: Hedera Hashgraph Platform. Swirlds granted Hedera Hashgraph an exclusive license, under which the company will receive 10% of Hedera Hashgraph’s revenue.
Hedera Hashgraph is a public platform of Baird’s patented hashgraph. From March to August 2018, the project was conducted by ICO, raising $ 124 million. Closed testing of the network began in December 2018. The code was checked by several audit companies, but only now the developers have begun public testing.
Hedera Hashgraph currently offers three products: a cryptocurrency, smart contracts, and a file service. Any user can create an account on the network, open an account or create dApps based on Hedera Hashgraph, having passed the KYC test.
The network supports up to 10,000 transactions per second, and its transaction confirmation time is 3-5 seconds. Smart contracts and file services are also available on the Hedera Hashgraph network, but so far their throughput is up to 10 transactions per second, while the declared speeds will gradually increase, and the average transaction fee will be $0.0001.
| Project Name | Hedera Hashgraph |
| Ticker | HBAR |
| Current Price | $0.3317 |
| Circulating Supply | 9.63B HBAR |
| Total Supply | 50B HBAR |
| Launch Date | 2019 |
| Official Website | www.hedera.com |
Hedera Hashgraph: Technical Analysis
According to the technical analysis performed by Trading View, based on the 3 most popular technical indicators (Moving Averages, Oscillators and Pivots), the current rating for Hedera Hashgraph is “Buy”, indicating a clear bullish trend. This shows that the current price of HBAR is not its peak and Hedera Hashgraph has a chance to rise in the future.
Hedera Hashgraph (HBAR) Future Price Prediction
As always, we have to warn you that you should take all crypto price predictions with a grain of salt. That includes our HBAR price prediction. The crypto market is simply too volatile and the industry too unpredictable for any concrete predictions to be made.
That said, it is still possible to make some estimates as to what each coin or token’s potential could be. How low can they go? How high?
Although everything is possible, we do not think that the Hedera Hashgraph price has a chance to reach $100 in the near future. However, this cryptocurrency still has some good long-term prospects. Its previous price action indicates that HBAR coin is likely to experience some slow but consistent growth over the next few years, and may even go up to as high as $3 – at least if the most optimistic Hedera Hashgraph forecast is to be believed.
Keep in mind that we make general predictions about the average future price a cryptocurrency may reach during a given year. A coin’s price may go up to $100 in May and crash to $1 in July of the same year, and its average price for that year would be $50.
Here are our predictions for the average prices Hedera Hashgraph may reach in the coming years.
| 2021 | $0.37 |
| 2022 | $0.49 |
| 2023 | $0.71 |
| 2024 | $0.89 |
| 2025 | $1.12 |
Hedera Hashgraph (HBAR) Price Prediction 2021
2021 is almost over, but we have a feeling it still has some (crypto) surprises left in store for us.
Hedera Hashgraph has been through some ups and downs lately, with its price movements being rather erratic. We think that the volatility is likely to continue till the end of the year, meaning there will be opportunities to both buy in and sell your coins.
At the moment, most Hedera Hashgraph price predictions, like the one from gov.capital, say that HBAR price has the potential to only reach $0.5 in 2021. At the same time, however, Hedera Hashgraph cryptocurrency is also not expected to drop below $0.3, indicating a bullish trend.
Hedera Hashgraph (HBAR) Price Prediction 2022
Experts mostly predict a relatively calm year for HBAR in 2022. Various Hedera Hashgraph price predictions expect the cryptocurrency to hover around the $0.7 mark up until December, when it should experience some moderate growth, rising up to $1.1.
Wallet Investor, however, is far more pessimistic – according to their HBAR price prediction, Hedera Hashgraph price will not be able to break through the $0.7 mark in 2022.
Hedera Hashgraph (HBAR) Price Prediction 2023
According to one Hedera Hashgraph price prediction, HBAR has the potential to go up to $2.5 in 2023. While that is definitely possible, a maximum of $2 would be a more realistic expectation.
At the same time, there is also a possibility that HBAR price can fall to $1, which would create an amazing buying opportunity.
Hedera Hashgraph (HBAR) Price Prediction 2024
Experts are predicting that HBAR price will shoot up in 2024, reaching $3. In fact, there are very few predictions of Hedera Hashgraph price crashing in 2024, but that could be because it’s hard to accurately predict crypto prices that far in the future, and it’s easier to bet on slow and steady growth.
Hedera Hashgraph (HBAR) Forecast 2025 – 2030
As always, it is really hard to make long-term price predictions for a cryptocurrency. When it comes to 2025-2030, instead of making a Hedera Hashgraph price forecast, we should instead examine the long-term health and prospects this cryptocurrency has.
In our opinion, Hedera Hashgraph and HBAR users have nothing to worry about: this cryptocurrency is currently doing very well and has all the things that promise healthy longevity for a cryptocurrency. An innovative dev team, an involved and passionate community, a solid technical foundation, real-world use cases (for example, in the supply chain industry), and so on.
Frequently Asked Questions
Is Hedera Hashgraph a good investment?
If you’re looking for a relatively risky asset that you can rely on to provide steady profit in the long run but that also has the potential for explosive growth, then Hedera Hashgraph can potentially be a good choice for you and profitable investment.
This project has over 3 million daily transactions – an impressive number that shows that there are plenty of people interested in using both the Hedera Hashgraph platform and its cryptocurrency.
Overall, there are many signs pointing towards HBAR being a good investment. However, before you invest in it or any other digital asset, you should do your own research and consider whether it’s a good fit for your portfolio or not. Articles like this one are not intended to be and should not be seen as investment advice.
You can sell and buy Hedera Hashgraph on Changelly. Find a crypto wallet that you can store your new HBAR in here.
Will HBAR go up in 2021?
According to our Hedera Hashgraph price prediction, unless some extreme price movements happen, HBAR price should continue its climb upwards in 2021. The cryptocurrency currently has a strong “buy” sentiment as per Trading View, which means its price still has room to grow.
Please beware that although our Hedera Hashgraph forecast and many other HBAR price predictions are saying that this cryptocurrency will go up in 2021, this may not be the case. Additionally, please note that when we do an HBAR price analysis or prediction, we talk about the general trend we think that the cryptocurrency will follow, not the highest and the lowest price it will reach in a given time period.
The cryptocurrency market is extremely volatile, and if you’re making long-term investments, we advise you to ignore short-term cryptocurrency price movements and instead look at the bigger picture.
Is Hashgraph the future?
Hashgraph is a distributed ledger technology that has been named by many as the successor to blockchains. Despite the benefits it provides, like high transaction speed, it doesn’t seem like Hashgraph has the potential to overtake blockchain technology in the near future. For one, it still hasn’t found widespread popularity despite having been released back in 2017.
A modified and updated version of Hashgraph may find popularity and success in the future, but we think it is not possible for Hashgraph to completely overtake blockchains.
Disclaimer: Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
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