Hedera: As positive developments spur network, will HBAR rally
The Hedera [HBAR] network has made all the right moves since the beginning of 2023. Now, its unique Hashgraph technology has caught the attention of other participants in the crypto space.
Read Hedera’s [HBAR] Price Prediction 2023-24
Fathom this. HBAR surged 13% over the last week and in the last 24 hours, it recorded gains of 6.36%, as per CoinMarketCap. The token’s market cap has more than doubled to $2.16 billion on a year-to-date (YTD) basis, allowing it to break into the list of top 30 cryptos by market cap.
And now, the community has some more reasons to cheer.
As per a press release shared by the United States Department of State, Hedera was recognized for its resolve to further the ideals of democracy through the use of its blockchain technology.
Hedera stated that it would invite companies, trade associations, advocacy groups, academics and government officials in a democracy roundtable to discuss how distributed ledger technology (DLT) can help in bringing transparency and defending civic rights.
The commitments were in response to the government’s ‘Call To Advance Democracy’, which required the active participation of the private sector.
<p lang=«en» dir=«ltr» xml:lang=«en»>1/3 Today at @POTUS’ #SummitForDemocracy, #Hedera has made a commitment to convene a democracy roundtable on how #blockchain technologies can and are supporting human rights, #transparency, and #sustainability through #DLT-enabled applications.https://t.co/pyrGjXt0if— Hedera (@hedera) March 29, 2023
While the network scored big on corporate social responsibility (CSR) parameters, it also forged big partnerships to expand its reach.
As per a tweet by HBAR Foundation, Fresh Supply Co (FSCO), which was the largest user of payments giant Mastercard’s
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