HBAR Soars Over 100% in 7 Days Amid Positive News

HBAR has surged more than 100% over the past 7 days, following positive news about BlackRock's money market fund (MMF) being deployed on Hedera's distributed ledger platform, as well as a partnership with SpaceX.

Azcnews Hbar Soars Over 100% In 7 Days Amid Positive News

News of the high-profile partnership between SpaceX and Hedera Hashgraph sent shockwaves through the market, as the ecosystem’s altcoin HBAR hit a new high this year. After more than six months of bearishness, HBAR has broken through $0.1552 for the first time since April 24, 2024, when BlackRock’s money market fund (MMF) was launched on Hedera’s distributed ledger platform.

According to sources familiar with the matter, HBAR appears to be gearing up for an ambitious space journey. SpaceX is expected to launch a satellite in January 2025, incorporating a number of blockchain-based features, including the ability to process cryptocurrency payments. Meanwhile, HBAR’s price has surged more than 100% in just seven days, with a combination of factors contributing to the surge.

Hbar Soars Over 100% In 7 Days
Hbar Soars Over 100% In 7 Days

Is HBAR really ready to “take off” into space?

The first news about the project came from Swiss media, when Cardano (ADA) founder Charles Hoskinson visited Elon Musk’s SpaceX headquarters. A member of the Decentralized Recovery Coalition (DeRec), Hoskinson shared that the satellite powered by Hedera aims to redefine payment transactions on a global and space scale, and will play a key role in the future colonization of Mars.

With the ability to process up to 10,000 transactions per second – far surpassing Bitcoin (BTC) and Ethereum (ETH) – HBAR is known as a lightning-speed transaction solution, bringing outstanding advantages in the field of blockchain and decentralized finance.

(2 votes)

3.5/5

(2 votes)

Latest

The Pattern Is Repeating, Xrp Predicted To Surge To $15

News | Altcoin | Editor Choice

The Pattern Is Repeating: XRP Predicted to Surge to $15

This wave of optimism follows a strong market rebound after the sharp correction on October 10, reigniting hopes that XRP may be entering a new breakout cycle.

Bitcoin Unlikely To Rally Until The Us–china Deal Is Finalized

News | Bitcoin | Editor Choice

Bitcoin Unlikely to Rally Until the US–China Deal Is Finalized

Bitcoin continues to swing sharply around the $116,000 resistance level as markets hold their breath ahead of two major events: the Federal Reserve’s rate decision and the outcome of the US–China trade negotiations.

Giant Golden Cz Statue Appears Outside U.s. Capitol

News | Editor Choice | Memecoin

Giant Golden CZ Statue Appears Outside U.S. Capitol

A giant golden statue honoring Binance founder Changpeng Zhao suddenly appeared outside the U.S. Capitol just days after President Trump granted him a pardon, igniting fierce controversy over its anonymous funding and the launch of a new meme token called CZSTATUE.

Xrp Signaling Strong Bullish Momentum Ahead Of Fed Meeting

News | Altcoin | Editor Choice

XRP Signaling Strong Bullish Momentum Ahead of Fed Meeting

Crypto analyst Block Bull has drawn attention to XRP’s chart, noting the emergence of an inverse head-and-shoulders pattern—a classic indicator of a potential trend reversal from bearish to bullish.

Whales Withdraw Massive Link Holdings, Is A Major Price Surge Coming

News | Altcoin | Editor Choice

Whales Withdraw Massive LINK Holdings, Is a Major Price Surge Coming?

Chainlink (LINK) is entering a decisive phase as a series of on-chain and derivatives data point to growing buying pressure, setting the stage for a potential strong breakout in the days ahead.

Screenshot 2025 10 20 091338