Can HBAR Reach $10 Per Token?
Question
Can Hedera Hashgraph or HBAR hit ten dollars for each token within a few years? I keep hearing people say that HBAR can get to $10 per token but how can it achieve that if it has a circulating supply of 50 billion tokens?
What is so special about Hedera that will make HBAR come to reach 10 dollars per coin? Please explain. Thank you.
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2021-08-05T16:32:31+00:00
2021-08-05T16:32:31+00:00 1 Answer
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Answers ( 3 )
Yes, the price of HBAR can and will rise to $10 per token because Hedera’s proof-of-stake public network was developed to support a vast array of applications and become the world’s first mass-adopted public distributed ledger.
At what point will HBAR tokens amount to $10? I don’t know because I don’t have a crystal ball that predicts the future. But there are many reasons HBAR will reach 10 dollars or more.
Circulating supply
The circulating supply is not 50 billion tokens it is currently 9.3 billion HBAR. All HBAR tokens will not be released until the year of 2035. So there is plenty of time to hit $10 per token as the circulating supply will stay relatively small for many more years.
In fact, as of now HBAR has better tokenomics than Cardano and ADA managed to reach $2.46 despite having a circulating supply of 32.1 billion.
Plus, what’s the significance of 50 billion tokens when you’ve come to tokenize the entire world. The circulating supply will mean nothing.
Mass adoption
There’s a reason why Charles Hoskinson called HBAR centralized garbage—he fears it. Charles knows HBAR will make ADA obsolete.
Hedera’s vision is to build a trusted, secure and empowered digital future for all. One of Hedera’s main goal is to become the world’s first mass-adopted public distributed ledger. And so far it would appear they are on track to accomplish this goal.
There will come a point where Hedera goes from having 100s of transactions per second to hundreds of thousands of transactions per second, and possibly more. And the people that are talking about building on header will get them to enormous volumes.
Make no mistake about it, Hedera will get to a top 10 coin then become a top 3 coin by market cap.
Government regulations
From the very beginning Hedera believed there were 5 main obstacles to overcome before distributed ledgers can be widely adopted by major enterprises; that being performance, security, governance, stability and regulatory compliance.
Hedera made sure that that their public distributed ledger would be capable of providing all of the necessary tools for enterprises within the ecosystem to comply with applicable laws and regulations.
And when U.S. government regulations come-forth Hedera Hashgraph HBAR will be one of the few left standing. People who invested in shady cryptocurrencies like ADA or Safemoon will dump their bags for HBAR because they will have no choice.
This event alone will help push HBAR beyond 10 bucks.
No bear market
As Hedera becomes mass adopted by the largest companies in the world, it will be immune to bear markets. It will be in a state of perpetual growth as it becomes mass-adopted around the world.
Large corporations don’t have bear markets. That means HBAR will be operating and growing 24/7 365 days per week.
Governance council members
Hedera has 18 existing council members including Avery Dennison, Boeing, Google, IBM, DLA Piper, LG, Deutsche Telekom, FIS and many other blue-chip companies with 18 more council members to add to that list.
Hedera will continue to add major enterprises and this will propel HBAR past the current leaders in the crypto sphere.
Rumors and facts
Investing.com, Newsbreak.com and several other sites have said Hedera (HBAR) is working on the digital dollar with the Central Bank and will be chosen for the Digital Rupee CBDC. Standard Bank, the largest bank in Africa, announced that after careful evaluation of Hedera’s distributed ledger technologies across the categories of performance, security, accessibility, cost and technological differentiation, it determined that Hedera aligns well with their use case requirements. Standard Bank is also on their governing council.
Bitcoin and Ethereum are obsolete
Standard Bank first experimented with Ethereum but claimed it failed miserably. If ETH is not sufficient for Standard Bank then it won’t be used by any major enterprise.
That said, Bitcoin will always remain the king of crypto, or not, but only as a collector item. Ethereum could fade away because all the upgrades in the world won’t make it better than Hedera Hashgraph.
Hedera Hashgraph founders
You have two of the most brilliant people in control and operating Hedera.
Leemon Baird; Inventor of hashgraph algorithm. PhD in Computer Science from Carnegie Mellon, past Professor at US Air Force Academy and senior scientist at several labs, Co-Founder and Chief Scientist at Hedera.
Mance Harmon; CEO and co-founder at Hedera Hashgraph. He has Experience as a technology executive and entrepreneur with more than 20 years of strategic leadership experience in multi-national corporations, government agencies and high-tech startups. Mance has the proven ability to develop and lead business strategy, operations, sales and technical teams. He is an expert in the design, development and delivery of advanced technologies to meet business, financial, competitive and customer demands.
Keep in mind that successful people do what unsuccessful people are not willing to do. Hedera is the only company that has worked tirelessly to become the worlds first mass-adopted public distributed ledger and so far they are accomplishing everything they set out to do.
Summary
I use to think that HBAR would be lucky to reach $1 but my opinion has changed vastly. I could see HBAR rise to 1 to $3 within one year, and I can definitely see HBAR reaching 10 to $15 when mass-adoption begins to occur. And it will happen whether in a bear market or bull market.
HBAR will reach $15 between 2023 to 2025.
Just buy HBAR and hold it for a few years. HBAR is the most legitimate cryptocurrency project in existence. Investors will continue to buy HBAR for years to come and the price during that time will far surpass ten bucks—so buy HBAR while it’s cheap. Trust me, these mega corporations are joining Hedera’s governing council for a reason. Show me the abundance of mega corporations who have partnered with SOL, ADA and others.