Hedera

when

<div class="finbold">
 <p class="paragraph">New speculation is swirling within the <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency market regarding Citi’s (NYSE: C) potential involvement with the Hedera (HBAR) Governing Council.</p>
 <p class="paragraph">This speculation gained momentum following a reportedly <a rel="noopener noreferrer nofollow" title="private" href="https://thebittimes.com/tag/private.html">private</a> <a rel="noopener noreferrer nofollow" title="meeting" href="https://thebittimes.com/tag/meeting.html">meeting</a> held by Hedera in New York. Discussions centered on tokenizing real-world assets and other related topics, as <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> trading analyst CrediBull reported in an X (formerly Twitter) post on May 11.</p>
 <p class="paragraph">According to the analyst, speculation escalated when a now-deleted picture, initially shared by the Hedera account, surfaced, showcasing a slide titled “Building the Future of Finance on Hedera.” Citigroup’s Head of Strategy and Partnerships for digital assets was nestled between two known Hedera Governing Council members.</p>
 <div class="border border-red-300 rounded-xl p-6 not-prose mb-6">
  <h3 class="text-2xl font-black mt-0 flex gap-x-3 mb-5">
   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"><path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
    </path>
   </svg> Picks for you</h3>
  <div class="grid md:grid-cols-2 gap-x-10 gap-y-3 md:gap-y-5 divide-y divide-gray-300 md:divide-y-0">
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Here’s when Bitcoin (BTC) could hit $72,000 <span class="self-center text-xs text-slate-500">22 mins ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    $44 billion company’s CEO makes a stand for Bitcoin in letter to shareholders <span class="self-center text-xs text-slate-500">42 mins ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Shark Tank's Mark Cuban slams SEC: 'Trying to destroy <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>' <span class="self-center text-xs text-slate-500">2 hours ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    More Bitcoin bleeding ahead; BTC faces significant rejection as bears take control <span class="self-center text-xs text-slate-500">2 hours ago</span>
   </div>
  </div>
 </div>
 <div class="mb-4 bg-slate-50 rounded-md layout-adjustment">
  <div id="finbold.com_middle" style="min-width: 300px; min-height: 250px;">
  </div>
 </div>
 <p class="paragraph">The immediate deletion of the image has prompted many to question whether Citi might be the next addition to the Hedera Governing Council. While neither party has officially confirmed these rumors, the possibility of Citi’s involvement could significantly impact Hedera and the general <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> market.</p>
 <figure class="wp-block-image aligncenter size-large"><img decoding="async" width="471" height="1024" src="https://cdn.thebittimes.com/images/2024/05/12/eb415c244081219d6c7ba8b4bc2fc80a.webp" alt class="wp-image-175393" srcset="https://cdn.thebittimes.com/images/2024/05/12/eb415c244081219d6c7ba8b4bc2fc80a.webp 471w, https://cdn.thebittimes.com/images/2024/05/12/eb415c244081219d6c7ba8b4bc2fc80a.webp 138w, https://cdn.thebittimes.com/images/2024/05/12/eb415c244081219d6c7ba8b4bc2fc80a.webp 513w" sizes="(max-width: 471px) 100vw, 471px">
  <figcaption class="wp-element-caption"><em>Photo of a reported meeting involving Hedera and Citi. Source: CrediBULL</em>
  </figcaption>
 </figure>
 <p class="paragraph">Indeed, Hedera’s move to delete the image could potentially be likened to a possible accidental leak, as Citi’s participation in the Hedera Governing Council, or at the very least, its collaboration on an undisclosed use case, seems plausible.</p>
 <h2 class="wp-block-heading" id="h-hbar-price-prediction">HBAR price prediction</h2>
 <p class="paragraph">Against this backdrop of anticipation, AI-driven price prediction tool <em>CoinCodex</em> offered a glimpse into HBAR’s potential trajectory. According to the tool, HBAR is poised for a bullish run in the coming months as it moves close to breaching a key resistance level, with the $0.5 mark being the next possible target.&nbsp;</p>
 <p class="paragraph"><em>CoinCodex</em> forecasts that HBAR could surge to $0.14 within the next month, signaling a notable uptick in value. Looking further ahead, the prediction extends to a year, projecting a substantial increase to $0.43 per token.</p>
 <figure class="wp-block-image aligncenter size-large"><img decoding="async" width="1024" height="487" src="https://cdn.thebittimes.com/images/2024/05/12/f49047591ad49deb798812374aa08e4b.webp" alt class="wp-image-175384" srcset="https://cdn.thebittimes.com/images/2024/05/12/f49047591ad49deb798812374aa08e4b.webp 1024w, https://cdn.thebittimes.com/images/2024/05/12/f49047591ad49deb798812374aa08e4b.webp 300w, https://cdn.thebittimes.com/images/2024/05/12/f49047591ad49deb798812374aa08e4b.webp 768w, https://cdn.thebittimes.com/images/2024/05/12/f49047591ad49deb798812374aa08e4b.webp 1147w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption"><em>HBAR one-year price prediction chart. Source: CoinCodex</em>
  </figcaption>
 </figure>
 <h2 class="wp-block-heading" id="h-key-price-levels-to-watch-nbsp">Key price levels to watch&nbsp;</h2>
 <p class="paragraph">At the same time, crypto analyst<em> Egrag Crypto</em>, in an X post on May 8, highlighted three significant price levels for HBAR as potential opportunities: the previous all-time high at $0.63, the range between $1 and $1.30, and the broader range of $2 to $3.</p>
 <p class="paragraph">Notably, the analyst urged investors to stay vigilant amid market changes and emphasized the need for HBAR investors to prepare for volatility.</p>
 <figure class="wp-block-image aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="447" src="https://cdn.thebittimes.com/images/2024/05/12/1ff85950fa48bbd696734c7f3ade6a62.webp" alt class="wp-image-175386" srcset="https://cdn.thebittimes.com/images/2024/05/12/1ff85950fa48bbd696734c7f3ade6a62.webp 1024w, https://cdn.thebittimes.com/images/2024/05/12/1ff85950fa48bbd696734c7f3ade6a62.webp 300w, https://cdn.thebittimes.com/images/2024/05/12/1ff85950fa48bbd696734c7f3ade6a62.webp 768w, https://cdn.thebittimes.com/images/2024/05/12/1ff85950fa48bbd696734c7f3ade6a62.webp 1536w, https://cdn.thebittimes.com/images/2024/05/12/1ff85950fa48bbd696734c7f3ade6a62.webp 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption"><em>HBAR price analysis chart. Source: TradingView/EgradCrypto</em>
  </figcaption>
 </figure>
 <p class="paragraph">It’s worth noting that HBAR has recently experienced bullish sentiment, diverging from the general market trajectory. This surge in the token’s price followed speculation regarding the potential tokenization of BlackRock’s (NYSE: BLK) U.S. Treasury money market fund on the Hedera blockchain. However, the token retraced some gains as investors realized BlackRock’s indirect involvement.</p>
 <p class="paragraph">Overall, the HBAR community continues to rely on the input of institutional investors like Citi to drive the token toward new levels, in addition to the overall market trajectory.</p>
 <p class="paragraph">Meanwhile, as of press time, HBAR was valued at $0.108, showing daily gains of almost 2%. The token appears poised to rally towards $0.15, although bullish momentum must overcome the $0.12 resistance level.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em>&nbsp;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/speculation-heats-up-on-this-cryptocurrency-as-citi-speaks-at-private-meeting-tbt88091.html">https://thebittimes.com/speculation-heats-up-on-this-cryptocurrency-as-citi-speaks-at-private-meeting-tbt88091.html</a></p>

Speculation heats up on this cryptocurrency as Citi speaks at private meeting

Table of Contents

TheBitTimes

Autres articles publiés le 11 mai 2024

Earn Rewards in Duet Monsters From Axie Infinity Creator Sky Mavis

Crypto CEO Identifies Event That Could Spark An XRP Rally To New ATHs

Mastercard Partners with Top U.S. Banks to Explore Blockchain for Streamlined Banking Settlements

BEFE Coin’s Future Trajectory: Navigating Its Path to Sustained Growth

Wells Fargo Dips Toes into Bitcoin with ETF Investments

South Korea’s Updated Crypto Regulation: What’s Next for Bitcoin, Ethereum, and Newcomer Raboo?

Join our free newsletter for daily crypto updates!