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Cryptocurrency News Articles

HBAR token is at $0.18801, up nearly 12% in the last week

May 03, 2025 at 09:00 pm

The $0.20 level may mark a new era for the token, which has posted consistent gains despite an 18% decline in daily trading volume to $165 million

HBAR token is at $0.18801, up nearly 12% in the last week

Hedera (HBAR) token price is at $0.18801, up nearly 12% in the last week, as it nears a key resistance level that investors are monitoring. The $0.20 level may mark a new era for the token, which has seen consistent gains despite an 18% decline in daily trading volume to $165 million.

Kenya Stock Market Selects Hedera For Digital Exchange

The new price action comes as Kenya’s financial sector makes a major foray into blockchain technology. Media reports the Nairobi Securities Exchange has chosen the Kenya Digital Exchange (KDX) to launch on Hedera’s network. The move is seen to be a key real-world use case for Hedera in the growing category of tokenized assets.

Growing optimism over the future of HBAR is emerging among social media analysts. Charts presented by market commentator Gilmore Estates show an HBAR breakout from the consolidation pattern created at the end of 2023.

Tech indicators like moving average crossovers validate the bullish sentiment together with robust volume, while the token has inked price levels unseen since mid-2022.

In February 2025, HBAR applied for a spot Exchange-Traded Product, equivalent to an ETF on traditional markets. The SEC needs to make the final decision about the application on or before November 11, 2025.

Bloomberg analysts have issued a rating on the chances of approval at 80%, highlighting positive market dynamics and increasing demand from institutional clients. Approval with success would flood Hedera with significant new capital from traditional financial sectors.

Corporate Giants Support Hedera’s Enterprise Platform

As opposed to most cryptocurrency initiatives, Hedera has a governance structure composed of some of the biggest names in the tech sector. This arrangement lends institutional legitimacy to the network, which takes a different technical strategy than other blockchains.

According to reports, Hedera’s technology is rooted in Hashgraph, a Directed Acyclic Graph architecture that supports transactions of high throughput and rapid finality.

The network has concentrated on real-world applications rather than speculation, such as ESG tokens via its Guardian platform, real estate tokenization with TOKO, and green bonds through Evercity.

Meanwhile, as meme coins and newer blockchain ventures make the news with explosive price action, HBAR is playing a different game focused on infrastructure, regulatory compliance, and business adoption.

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Other articles published on May 04, 2025