Hedera Price Today

The current real-time Hedera price is $0.26 . HBAR price has plummeted by 5.97% in the last day and decreased by 10.18% in the last seven days. It’s important to note that the current Hedera market capitalization is $9,843,833,826. The maximum supply is 50,000,000,000.00 HBAR coins, with a circulating supply of 38,252,162,550.00. HBAR is ranked #18 in terms of market cap.

Hedera In A Nutshell

Hedera (HBAR) is an innovative cryptocurrency project that utilizes a hashgraph instead of a traditional blockchain for its distributed ledger. The project aims to facilitate the creation of an expansive network of decentralized applications (dApps) that can benefit from Hedera’s outstanding scalability, low transaction costs, and fast crypto settlement times. 

An enterprise-grade network, Hedera, has been designed in a manner conducive to the operation of business and personal projects. While Hedera refers to the network, HBAR is the native token used to fuel the ecosystem, pay transaction fees, and launch smart contracts. 

Hedera was created by Dr. Leemon Baird and Mance Harmon in 2018, with the beta mainnet launching in 2019. Baird is known for creating the hashgraph ledger technology, while Harmon is a veteran entrepreneur. 

The Mechanics of Hedera

Hedera utilizes a Proof-of-Stake (PoS) consensus algorithm to validate transactions. Users stake HBAR tokens to earn crypto rewards and secure the network. For a transaction to be validated, nodes representing a combined stake of more than two-thirds of the total supply of staked HBAR must process it. The amount of influence a particular node holds is tied to its staked HBAR. 

Hedera was created with the goal of providing a secure network on which anyone can build and deploy applications. However, in contrast to DAO-based cryptocurrencies like Maker, which are community-controlled, Hedera is managed by the Hedera Governing Council, a group of companies including Google and WorldPay, which dictate fees, staking yields, and project updates. 

What’s Unique About Hedera

Hedera relies on people staking HBAR tokens to secure the network and validate transactions. To ensure network activity, Hedera incentivizes participants by offering staking rewards. Rates can vary based on the decision of the Hedera Governing Council and the amount of HBAR staked at a given time. At present, however, people can earn around 0.22% to 0.3% annually. 

Hedera’s greatest selling point is, perhaps, its speed. Bitcoin takes around 10 minutes to an hour to process transactions and can become expensive due to congestion. However, Hedera transactions cost around 0.001839 HBAR ($0.0001) and take approximately five seconds to settle, making it a strong choice for dApps that prioritize efficiency.

Hashgraph 

Unlike Bitcoin, Ethereum, or most other cryptocurrencies, Hedera is not built on a traditional blockchain. Instead, the development team opted to utilize an alternative form of distributed ledger technology dubbed a Hashgraph.

The hashgraph technology is Byzantine Fault Tolerant (BFT), meaning it continues running without issue if some nodes fail or become malicious. It also utilizes gossip protocol, which records history in a collaborative manner, leading to greater efficiency. Conversely, blockchains record history concurrently, adding previous information to new information. 

Complete Hedera Price History 

Investors first got a taste of Hedera during its 2018 Initial Coin Offering (ICO), which saw HBAR tokens being sold for $0.12, more than double the asset’s valuation today. HBAR was publicly released in September 2019 but dropped from $0.09502 to around $0.0143 by the end of the year due to investor skepticism. 

February 2020 saw HBAR spike briefly, touching $0.08241 before dropping back to around $0.035. Most of the year was uneventful, but HBAR took off in December, rising 1181.43% to $0.4485 by March. While the asset dropped to around $0.1823 by July, it rebounded in August and September, spurred on by the bull market, hitting an all-time high of $0.57. 

HBAR crumbled in the months following as the bear market took hold and buyer sentiment turned negative. The asset fell to around $0.1998 in March, then $0.06988 by June. HBAR ended 2022 trading at $0.03808 but experienced a brief spike in January 2023, hitting a high of $0.07752. 

HBAR stagnated for the rest of 2023 but gathered momentum as the crypto market began to recover going into 2024. As a result, HBAR climbed toward $0.1387 in March before dropping to $0.1059 in April and surging back to $0.1201 in May. Today, Hedera has struggled to maintain its valuation and now trades at $0.26 .