2024

Hedera

Note

<div class="finbold">
 <p class="paragraph">The last 24 hours have been the most eventful for Hedera (HBAR) traders in well over a month as a BlackRock-related misunderstanding caused the token to rapidly rocket from $0.09 to $0.17 within 2 hours, only to start dropping again.</p>
 <p class="paragraph">As it turned out, an independent project to tokenize BlackRock’s (NYSE: BLK) ICS U.S was misinterpreted as an official effort driving the enthusiasm – and the <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a>s – toward the sky.</p>
 <p class="paragraph">Still, despite the misunderstanding getting cleared up in the meantime – bringing HBAR’s price back down – the awakening of Hedera from its month-long slumber raised the question: what is next for the token?</p>
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 <p class="paragraph">In its quest to find answers, Finbold decided to consult the predictive artificial intelligence (AI) algorithms of a platform specializing in predicting future cryptocurrency <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a>s – <em>PricePredictions</em> – on how HBAR might fare by May 1.</p>
 <h2 class="wp-block-heading" id="h-ai-forecasts-hedera-price-on-may-1">AI forecasts Hedera price on May 1</h2>
 <p class="paragraph">According to the AI’s prediction, while HBAR will not see a parabolic rise following the misunderstanding, the momentum is likely to be enough to cause a moderate uptrend.</p>
 <p class="paragraph">Indeed, the platform forecasts that Hedera will continue climbing slowly over the coming 7 days and will find itself at $0.137059 on May 1, 2024 – 2.13% above its press time <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> of $0.1342.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/smEKn8RennQP24ZAh4I2FNjXv1K-ORSmF3qsSskeXlHDwu_pGt1-Ba5kJ6SpaWmp5U4gHtycyq9DirEV0tnFp6Lb_SCaXPvhWMhQsIeQDO6hT4GFSmVm2ewlLo9NPhwm8EofZwxEuQKFVTjBKYw_0XI" alt>
  <figcaption class="wp-element-caption">
   HBAR forecast for May 1, 2024. Source: PricePredictions
  </figcaption>
 </figure>
 <p class="paragraph">At the same time, crypto experts are more bullish on the token than AI as analysts known as <em>Credible Crypto</em> on YouTube and CrediBULL Crypto on X opined in an April 24 post that HBAR is poised for a substantial surge.&nbsp;</p>
 <p class="paragraph">“Looking for something like this after completing a nice 5 wave impulse off the lows. Note the first step is a break in lower timeframe market structure to kick things into gear. After that if we can print a higher low we should be able to run it back to the highs.”</p>
 <p class="paragraph">In fact, the expert’s prediction also forecasts a dramatic rise toward $0.22 before the end of April 25.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/o-xFEgkGsY8xWXQeauwLAFturizHOYCIN5ENFrgXe4JkNoCN0U8XKDEKHWP5GUykVLVYG8BAalDxFK9cgcBfDd5LtIqx3kHbJnWpnm0D54aNX-hk9wMSTHAz6_i2f3PHtfScD3T81m_VvpucDPWQvy4" alt>
  <figcaption class="wp-element-caption">
   HBAR price surge projection chart. Source: @Credible_Crypto
  </figcaption>
 </figure>
 <h2 class="wp-block-heading" id="h-hbar-price-chart">HBAR price chart</h2>
 <p class="paragraph">Whether the coming 48 hours bring a surge to $0.22 or the coming 7 days a climb toward $0.137, HBAR’s recent performance – even if driven by misunderstanding – is nothing short of impressive.</p>
 <p class="paragraph">Indeed, even with the most recent fall, Hedera is 52.18% in the green in the last 24 hours in the crypto market and 71.68% up on the weekly chart. HBAR <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> today, at press time, stands at $0.1342.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/qu1EpYXZB0RzJjg_04rg2kr4OYRUObQveUkTK8vjah8EDhCqJ8ybQsq6u0lXka5J35596gzDTd-kZMXWM0L5cLDuOdl3zFi4AnO4nwmxXybzWu8dfhGktB3KTOhVphINExm2mOm_WoWu0FZHXQf2stk" alt>
  <figcaption class="wp-element-caption">
   HBAR 7-day price chart. Source: CoinMarketCap
  </figcaption>
 </figure>
 <p class="paragraph">Longer-term, Hedera has also been showing significant strength as it rose 56.17% since the start of 2024 and as much as 119.90% in the last 52 weeks.</p>
 <p class="paragraph"><strong><em>Disclaimer</em></strong><em>: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ai-predicts-hbar-price-for-may-1-2024-tbt86383.html">https://thebittimes.com/ai-predicts-hbar-price-for-may-1-2024-tbt86383.html</a></p>

AI predicts HBAR price for May 1, 2024

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