Is It Profitable to Invest in Hedera Hashgraph?

Introduction to Hedera Hashgraph (HBAR)

Hedera Hashgraph is a new cryptocurrency network that was launched in 2019. It is a credible network for individuals and companies that require top-notch security levels for their data. The Hedera network can process more transactions per second (even more than the blockchain network) and unlike the blockchain technology that adds blocks into the ledger after a transaction is created, there is no chain of blocks in Hedera; it uses 2 algorithms – Virtual Voting and Gossip about Gossip.

What Is Hedera Hashgraph (HBAR), and How Does It Work?

Hedera Hashgraph is a PoS (Proof-of-stake) public network that allows individuals or companies to create powerful dApps(decentralized applications) that serve as a powerful alternative to blockchain-based platforms. HBAR is the native coin of the Hedera Hashgraph network. HBAR eliminates the limitations that blockchain-based platforms face, like instability and slow performance.  Thus, Hedera Hashgraph offers the benefits of blockchain technology without its limitations.

An ICO (initial coin offering) was held to fund the HBAR platform from the money raised from institutional investors and the money would be used to create a more robust commerce network based on the proprietary “hashgraph consensus” technology. The HBAR coin offers a dual role in the Hedera public network; it fuels the Hedera services, including both smart contracts, and regular transactions, and also helps to secure the Hedera platform thereby maintaining the platform’s integrity.

Historical Data of Hedera Hashgraph

Hedera Hashgraph (HBAR) reached an all-time high price of $0.583 on September 16 and soon after that, the coin started trending downwards. However, despite the downward price trend, the HBAR token is still trading above its horizontal support following an ascending trend.

On September 13, 2020, HBAR again reached a new all-time high of $0.583 following the launch of its mainnet just a year later thus allowing investors to purchase its native utility token HBAR at the lowest possible price. HBAR’s price has been following a bullish trend since the first quarter of 2021, but the moves have always been higher than the previous price trends of HBAR. Moreover, the price trends however bullish maybe were always followed by fluctuations, consolidation, and then corrections and upgradations of the same thereby offering a rather competitive market for HBAR in 2022.

Is It Profitable to Invest in Hedera Hashgraph (HBAR)?

Yes, HBAR is a good long-term investment to make in the years to come. Hedera Hashgraph is among the few cryptocurrencies that have the potential to generate profits even amidst bearish markets. It is an environmentally-friendly network that can save the planet because of its low bandwidth consumption. Due to the volatile nature of cryptocurrencies, it becomes difficult to predict a coin’s price but given the past performance of HDAR, it appears to be a profitable investment in the years to come.

Hedera Hashgraph Price Prediction 2022 and Beyond

Hashgraph is a much better system based on the distributed consensus algorithm that would help the network become the next distributed ledger technology that is faster than blockchain technology. Moreover, owing to the superior technology and data structure of Hedera, it can attempt to eliminate the problems faced by the platforms that are backed by blockchain technology.

The HBAR coin price prediction for 2022 appears to be bullish. However, there is a high probability of the price surpassing its current ATH (all-time-high) at $0.5701 by the end of 2022 if it manages to break the previous resistance levels.

If the bullish price trend of 2022 continues in 2023, then the price of HBAR might close at $7.5 in 2023. According to predictions, the first half of 2023 will show up fast growth in the HBAR price followed by a gradual downtrend but no major falls are there in the line. HBAR is all set to begin new partnerships and upgradations and therefore reaching the $7.5 mark is quite optimistic from the price point of view.

In the following consecutive years, the prices of HBAR tokens could spike up to $50 which indicates that HBAR tokens have a very high probability of reaching a new all-time high any time soon in the next 5 years. If you planning on purchase then the HBAR tokens can be purchased from leading cryptocurrency exchanges like Binance, OKEx, and Huobi Global to name a few.

Conclusion

The longevity of returns is the most important factor that determines whether an investment would be profitable or not. Hedera Hashgraph with its upcoming upgrades has a bright future awaiting in 2022. HBAR might close at a bullish price of $0.5 in 2022 but the price may even spike to $3 if investors forego the apparent profitability of the coin and consider the long-term returns that the coin yields.