Hedera (HBAR) Price Prediction 2024-2030: Will HBAR Price Hit $1 Soon?

• HBAR is estimated to rise higher and end 2024 at $0.45.
• The price of the token might experience a decline to $0.48 in 2026 after it must have hit $0.60 in 2025.
• By 2030, HBAR might change hands at $2 as demand is expected to be massive.

Hedera (HBAR) caught the attention of the market after news spread that BlackRock was tokenizing some of its assets on the blockchain. Moments later, the price of HBAR surged by 107%, sparking speculation that the market cap could help the project into the top 20. 

However, it turned out that the development was misinterpreted, leading the token to plunge by almost 30%. Despite the incident, HBAR might remain a project to keep an eye on in the coming months and years. Here’s Coin Edition’s assessment of the Hedera project and price predictions from 2024 to 2030.

Hedera (HBAR) Real Time Market Status

What is Hedera?

Unlike many other projects, Hedera does not use the Proof-of-Work (PoW) or Proof-of-Stake (PoS) consensus mechanisms. Instead, it employs a distributed ledger technology called the Hashgraph.”

The Hashgraph is the reason why Hedera can process more than 10,000 transactions per second. Besides that, the transaction fee on the network is just $0.0001. With Hedera, individuals and businesses can create decentralized applications for public use. 

Further use cases of Hedera, through its native token HBAR, include the minting of fungible and non-fungible tokens, smart contracts development, and a decentralized file storage service. There are also two core networks under the Hedera blockchain.

The first one is the Hedera Token Service (HTS) which allows built-in tokenization and management for users. The other one is the Hedera Consensus Service (HCS). With the HCS, users can define their privacy and clients can communicate with the network to discuss consensus timestamping and, a host of other things.

HBAR Current Market Status

The last 24 hours have been a wild one for HBAR. On April 23, HBAR’s price opened around $0.089. But hours later, the price of the token had jumped to $0.18, representing more than a 100% increase.

However, there were reasons attached to the hike as it was reported that asset management firm BlackRock would adopt Hedera in tokenizing its U.S. Treasury Market Funds. As a result of the speculation, social intelligence platform LunarCrush revealed that discussions around HBAR jumped abruptly.

However, HBAR’s price at press time was $0.13 after the bullish momentum slowed down. But its trading volume was incredible with a 6049% increase in the last 24 hours. Like the price, Hedera’s market also jumped and was $4.90 billion at press time.

Furthermore, HBAR has a maximum supply of 50 billion tokens. Out of this total, 35.74 billion are in circulation. If you intend to buy HBAR, you can visit exchanges like Binance, Coinbase, Upbit, OKX, and Bybit.

Hedera (HBAR) Price Analysis

HBAR’s performance in the last 24 hours has been impressive. However, before you FOMO into the token, it is important to know the targets the price can hit. As it stands, the token seems overhead from the intense buying pressure and price increase backed by the recent development mentioned above.

Thus, in this section, we will look at its short-term performance using technical indicators. Beyond that, you will learn about the price predictions from 2024 to 2030.

Hedera (HBAR) Price Analysis – Bollinger Bands

HBAR almost hit $0.20 on April 24 as volatility around the token increased. However, the Bollinger Bands (BB) shown on the 4-hour chart, revealed that HBAR was overbought. This was because the upper band of the BB had hit the token from $0.15 up to $0.18.

Consequently, the price plunged with a bearish engulfing candle taking it from $0.18 to $0.14. A surge in volatility is a sign that price fluctuations might remain high. Should this be the case, a bearish forecast might take HBAR down to $0.12. On the other hand, if buying pressure resumes one more, the value of the token might hit $0.20.

Hedera (HBAR) Price Analysis – Relative Strength Index (RSI)

As of this writing, the Relative Strength Index (RSI) on the 4-hour chart was 69.62. A reading like this suggests good buying momentum. However, the RSI was previously higher than this level, indicating that HBAR was overbought.

With the current momentum, the token might continue to undergo a massive correction unless bulls halt the selling pressure. Failure to stop the decline could send HBAR to $0.087. However, if the price stabilizes, it could end up changing hands between $0.11 and $0.13 in the short term.

Hedera (HBAR) Price Analysis – Moving Average Convergence Divergence

Indications from the Moving Average Convergence Divergence (MACD) were different from what the RSI and Bollinger Bands showed. From the chart below, the MACD was postive, and the 12 EMA (blue) outran the 26 EMA (orange), indicating that buyers were dominating sellers.

If this continues to be the case, HBAR’s price might rebound, and a return to $0.18 could be an option in the short term.

Hedera (HBAR) Price Prediction 2024

For 2024, HBAR’s price would probably trade higher than $0.18. From the daily HBAR/USD chart, the On Balance Volume (OBV) trended downwards, suggesting that buying pressure has decreased.

Hence, there could be a pullback. Furthermore, the 0.786 Fibonacci retracement indicator was at $0.12, meaning that HBAR’s price might drop to that level. In a highly bearish case, HBAR might drop to $0.10 where the 0.236 Fib level was.

However, the Awesome Oscillator (AO) jumped to the positive region, suggesting an increasing upward momentum. If the reading continues to increase, then HBAR might rebound and probably surpass $0.20. By the end of 2024, the value of the token might rally and hit $0.45.

Hedera (HBAR) Price Prediction – Resistance and Support Levels

Crucial support levels for HBAR stood at $0.075 and $0.087. As it stands, HBAR’s price might not fall below these points as bulls have mounted a solid defense there.

However, resistance at $0.11 and $0.12 could hinder the token’s potential upside. Currently, HBAR changed hands above those levels. But a possible decline looked possible. A breakdown to $0.10 could spell disaster for the token. But if buying pressure increases at this point, the cryptocurrency might break past these zones and head for higher highs.

Hedera (HBAR) Price Prediction 2025

The tokenization of assets has been a trending narrative in the crypto market for some time, and this is one area where Hedera operates. Going forward, the sector’s buzz might improve, which could affect HBAR’s price. Should this be the case, the price of HBAR could hit $0.60 in 2025.

Hedera (HBAR) Price Prediction 2026

In 2026, HBAR might lose its bullish momentum as the broader market could be in a bear cycle. If this is the situation, market participants might remove a chunk of their liquidity from the cryptocurrency, and the value could drop to $0.48.

Hedera (HBAR) Price Prediction 2027

By 2027, HBAR might recover from the projected decline in 2026. At this point, it is expected that demand for the token will increase. Hence, the price prediction for 2027 could be $0.69.

Hedera (HBAR) Price Prediction 2028

2028 could be the year HBAR hits the prestigious $1 milestone. By this time, the crypto ecosystem should have a lot of new entrants which could, in turn, improve demand for assets in the market. Therefore, HBAR’s price might end up at $1.12 by the end of the year.

Hedera (HBAR) Price Prediction 2029

The price of the Hedera native token might continue to surge in 2029. By this year, smart contract development on the network might have hit impressive numbers. As such, HBAR could change hands at $1.30.

Hedera (HBAR) Price Prediction 2030

In 2030, the value of HBAR could be much higher. From our projection, the price of the token could surpass $2 by December 2030.

Hedera (HBAR) Price Prediction 2040

Between 2030 and 2040, HBAR is expected to experience severe corrections that could take it back to 2024 lows. However, the price might end the decade better with projections at $3.50

Hedera (HBAR) Price Prediction 2050

HBAR’s price might not double from what it might be in 2040. However, the price is expected to make a notable improvement as community engagement must have increased. Therefore, HBAR could trade at $5.25 in 2050.

Conclusion

On a final note, it is important to remember that Hedera might remain relevant in the market for many years due to its solid fundamentals. However, that does not guarantee an incredible surge in HBAR’s price. While the token might surpass its all-time high, it could encounter notable correction at some point. Hence, you should do your research before investing.

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