Hedera: Everything latest you need to know before investing in HBAR
Hedera’s [HBAR] development activity witnessed consistent growth since November 2018 as per recent data from Santiment. The network ranked third and stood behind Polkadot [DOT] and Cardano [ADA].
Referred to as the most used enterprise-grade public network, Hedera is an open-source cryptocurrency network where users and developers alike can complete transactions and deploy decentralized applications (dApps).
Its native token HBAR ranked as the #39 largest cryptocurrency traded at $0.0579 during press time. According to data from CoinMarketCap, HBAR clinched an all-time high (ATH) of $0.5701 in September 2021. At its current price, the token was 90% away from its ATH.
Also impacted by the downturn that plagued the cryptocurrency market in the past 10 months, the price per HBAR witnessed a 400% fall on a year-to-date basis.
With a persistent fall in HBAR’s price, the asset’s trading volume plummeted severely after the daily high of $248.78 million registered on 12 May. At press time, trading volume on the network stood at $35.7 million, post an 86% decline since the 12 May high.
In addition to a fall in price and trading volume, the percentage of HBAR’s circulating supply held by its whales with more than $5 million also dropped.
According to data from Santiment, at 42% during press time, this metric was down by 22% since the beginning of the year.
Source: Santiment
At the current price position, HBAR traded at its July 2021 price level. As per data from CoinMarketcap, the price per HBAR had declined by 2% in the last 24 hours.
Out of the $52.04 million that was taken out of the entire cryptocurrency market in the last 24 hours, HBAR liquidations accounted for just 0.00001% of the total liquidations in the market. According to
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