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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/exploring-the-rise-of-hbar-coin-and-its-market-predictions/" data-wpel-link="internal">Exploring the Rise of HBAR Coin and Its Market Predictions</a><br></p>
<p style="text-align: justify">Some <strong>altcoins</strong> have been positively diverging, and one of the altcoins we discussed yesterday achieved massive gains. Even as this article was being prepared, the altcoin maintained nearly a 50% daily gain in <a href="https://en.coin-turk.com/potential-effects-of-a-spot-bitcoin-etf-approval-on-the-market/" data-wpel-link="internal">BTC</a> parity. The rise of HBAR Coin was not without reason. Here’s a look behind the scenes of HBAR Coin’s rise and the latest predictions.</p> 
<h2 style="text-align: justify" id="hbar-coin-forecast">HBAR Coin Forecast</h2> 
<p style="text-align: justify">The recent <strong>rise of HBAR Coin</strong> is related to the world’s largest asset manager BlackRock’s collaboration with Archax and OwneraIO. Following this deal, BlackRock announced the tokenization of the US Treasury Money Market Fund on Hedera, marking a significant step. We had already discussed how interest in the RWA space could trigger substantial price increases in some altcoins in the long term.</p> 
<p style="text-align: justify">The choice of Hedera’s infrastructure by traditional finance (<strong>TradFi</strong>) was a significant price catalyst and will undoubtedly have long-term consequences. The expansion of Archax’s tokenized money market fund offerings is critical for broadening institutional clients’ access.</p> 
<p style="text-align: justify">HBAR Foundation CEO Shayne Higdon said;</p> 
<blockquote> 
 <p style="text-align: justify">“The addition of Hedera-tokenized MMF shares provided by Archax is a significant vote of confidence. Hedera’s unique speed, security, and low-cost infrastructure make it ideal for the institutional-level tokenization of real-world assets facilitated by Archax.”</p> 
</blockquote> 
<h2 style="text-align: justify" id="hbar-coin-price-prediction">HBAR Coin Price Prediction</h2> 
<p style="text-align: justify">Following the announcement, the price surged by 100%, climbing to a two-year peak of $0.18. At the time of writing, the price had fallen back to $0.128 as investors took advantage of an attractive profit-taking opportunity. However, continued announcements and growing interest in the network could likely sustain a steady rise.</p> 
<p style="text-align: justify">Excluding stablecoins, HBAR Coin, the fourth highest volume cryptocurrency, has currently breached the $0.13, 0.5 Fibonacci support. However, the price isn’t much below this support level, and the recent drop could remain a lower wick. We will see in the coming hours.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="wp-image-344078 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/HBAR-Coin-Neden-Yukseliyor.png" alt="" width="1289" height="648"></p> 
<p style="text-align: justify">There is strong resistance at $0.18 – $0.20, and if overcome, a rally towards an all-time high could gain momentum. However, in the opposite scenario, closures below $0.125 could lead to deeper corrections.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/exploring-the-rise-of-hbar-coin-and-its-market-predictions/" data-wpel-link="internal">Exploring the Rise of HBAR Coin and Its Market Predictions</a></h5>

Exploring the Rise of HBAR Coin and Its Market Predictions

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