{"id":623866,"date":"2023-03-31T04:30:00","date_gmt":"2023-03-31T09:30:00","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/03\/31\/hedera-as-positive-developments-spur-network-will-hbar-rally\/"},"modified":"2023-03-31T04:30:00","modified_gmt":"2023-03-31T09:30:00","slug":"hedera-as-positive-developments-spur-network-will-hbar-rally","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/03\/31\/hedera-as-positive-developments-spur-network-will-hbar-rally\/","title":{"rendered":"Hedera: As positive developments spur network, will HBAR rally"},"content":{"rendered":"<div id=\"mvp-content-main\">\n<ul>\n<li><em>HBAR, the native token of Hedera, surged 13% over the last week.<\/em><\/li>\n<li><em>HBAR\u2019s Open Interest jumped 62% to $18 million in the last 24 hours.<\/em><\/li>\n<\/ul>\n<p>The <a href=\"https:\/\/ambcrypto.com\/?s=hbar\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Hedera [HBAR]<\/a> 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.<\/p>\n<hr>\n<p data-amp-original-style=\"text-align: center;\">Read\u00a0<a href=\"https:\/\/ambcrypto.com\/predictions\/hedera-hashgraph-price-prediction\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Hedera\u2019s [HBAR] Price Prediction<\/a>\u00a02023-24<\/p>\n<hr>\n<p>Fathom this. HBAR surged 13% over the last week and in the last 24 hours, it recorded gains of 6.36%, as per <a href=\"https:\/\/coinmarketcap.com\/currencies\/hedera\/\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\">CoinMarketCap<\/a>. The token\u2019s 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.<\/p>\n<p>And now, the community has some more reasons to cheer.<\/p>\n<h3 data-amp-original-style=\"text-align: center;\">Recognition from the U.S. government<\/h3>\n<p>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.<\/p>\n<p>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.<\/p>\n<p>The commitments were in response to the government\u2019s \u2018Call To Advance Democracy\u2019, which required the active participation of the private sector.<\/p>\n<blockquote data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">1\/3 Today at <a href=\"https:\/\/twitter.com\/POTUS?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">@POTUS<\/a>\u2019 <a href=\"https:\/\/twitter.com\/hashtag\/SummitForDemocracy?src=hash&#038;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">#SummitForDemocracy<\/a>, <a href=\"https:\/\/twitter.com\/hashtag\/Hedera?src=hash&#038;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">#Hedera<\/a> has made a commitment to convene a democracy roundtable on how <a href=\"https:\/\/twitter.com\/hashtag\/blockchain?src=hash&#038;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">#blockchain<\/a> technologies can and are supporting human rights, <a href=\"https:\/\/twitter.com\/hashtag\/transparency?src=hash&#038;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">#transparency<\/a>, and <a href=\"https:\/\/twitter.com\/hashtag\/sustainability?src=hash&#038;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">#sustainability<\/a> through <a href=\"https:\/\/twitter.com\/hashtag\/DLT?src=hash&#038;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">#DLT<\/a>-enabled applications.<a href=\"https:\/\/t.co\/pyrGjXt0if\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">https:\/\/t.co\/pyrGjXt0if<\/a><\/p>\n<p>\u2014 Hedera (@hedera) <a href=\"https:\/\/twitter.com\/hedera\/status\/1641154021275598848?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">March 29, 2023<\/a><\/p>\n<\/blockquote>\n<p>While the network scored big on corporate social responsibility (CSR) parameters, it also forged big partnerships to expand its reach.<\/p>\n<p>As per a tweet by HBAR Foundation, Fresh Supply Co (FSCO), which was the largest user of payments giant Mastercard\u2019s blockchain system, will move all of its existing operations to the Hedera network.<\/p>\n<blockquote data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">We&#8217;re excited to announce that <a href=\"https:\/\/twitter.com\/FreshSupplyCoAu?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">@FreshSupplyCoAu<\/a>, the largest user of <a href=\"https:\/\/twitter.com\/Mastercard?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">@Mastercard<\/a> Provenance and partner of <a href=\"https:\/\/twitter.com\/CommBank?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">@CommBank<\/a>, has migrated from the private <a href=\"https:\/\/twitter.com\/hashtag\/Mastercard?src=hash&#038;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">#Mastercard<\/a> blockchain to <a href=\"https:\/\/twitter.com\/hedera?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">@Hedera<\/a> for Real-World Asset (RWA) tokenization \u26a1\ufe0f <a href=\"https:\/\/t.co\/LiRzDdcGck\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">pic.twitter.com\/LiRzDdcGck<\/a><\/p>\n<p>\u2014 HBAR Foundation (@HBAR_foundation) <a href=\"https:\/\/twitter.com\/HBAR_foundation\/status\/1641426012582866947?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">March 30, 2023<\/a><\/p>\n<\/blockquote>\n<h3>Hedera network upgrade approaches<\/h3>\n<p>The Hedera community eagerly awaited the <a href=\"https:\/\/ambcrypto.com\/why-hbar-continues-facing-the-heat-despite-hederas-network-upgrade\/amp\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">mainnet upgrade<\/a> to v0.35.2, slated for 31 March. However, users could expect some disruption to network services during this time.<\/p>\n<p>The development activity picked up decisively and has been going uphill throughout its course in March, which was a good sign for a network waiting for an upgrade, per Santiment. Positive developments pushed the transaction volume to its one-month high of $173 million at press time.<\/p>\n<div id=\"attachment_301672\">\n<p><a href=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/03\/Hedera-HBAR-11.35.51-31-Mar-2023.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-301672\" alt width=\"2560\" height=\"867\"   data-old-src=\"data:image\/svg+xml,%3Csvg%20xmlns='http:\/\/www.w3.org\/2000\/svg'%20viewBox='0%200%202560%20867'%3E%3C\/svg%3E\" srcset=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/03\/Hedera-HBAR-11.35.51-31-Mar-2023.png 2560w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/03\/Hedera-HBAR-11.35.51-31-Mar-2023-300x102.png 300w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/03\/Hedera-HBAR-11.35.51-31-Mar-2023-1024x347.png 1024w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/03\/Hedera-HBAR-11.35.51-31-Mar-2023-768x260.png 768w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/03\/Hedera-HBAR-11.35.51-31-Mar-2023-1536x520.png 1536w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/03\/Hedera-HBAR-11.35.51-31-Mar-2023-2048x693.png 2048w\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/03\/Hedera-HBAR-11.35.51-31-Mar-2023.png\"><\/a><\/p>\n<p id=\"caption-attachment-301672\">Source: Santiment<\/p>\n<\/div>\n<hr>\n<p data-amp-original-style=\"text-align: center;\"><span data-amp-original-style=\"font-weight: 400;\">Realistic or not, here\u2019s<\/span>\u00a0<a href=\"https:\/\/ambcrypto.com\/calculator\/marketcap\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-amp-original-style=\"font-weight: 400;\">HBAR market cap in BTC\u2019s terms<\/span><\/a><\/p>\n<hr>\n<p data-amp-original-style=\"text-align: center;\">The social mentions of HBAR on crypto-focused channels increased 2x as of 30 March.<\/p>\n<p data-amp-original-style=\"text-align: center;\">There was a growing demand for HBAR in the futures and perpetual futures markets. The dollar value locked in active contracts jumped 62% to $18 million in the last 24 hours, with over 66% of the total Open Intereest (OI) in Binance.<\/p>\n<div id=\"attachment_301677\">\n<p><a href=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/03\/bybt_chart-15.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-301677\" alt width=\"1340\" height=\"500\"   data-old-src=\"data:image\/svg+xml,%3Csvg%20xmlns='http:\/\/www.w3.org\/2000\/svg'%20viewBox='0%200%201340%20500'%3E%3C\/svg%3E\" srcset=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/03\/bybt_chart-15.png 1340w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/03\/bybt_chart-15-300x112.png 300w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/03\/bybt_chart-15-1024x382.png 1024w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/03\/bybt_chart-15-768x287.png 768w\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/03\/bybt_chart-15.png\"><\/a><\/p>\n<p id=\"caption-attachment-301677\">Source: Coinglass<\/p>\n<\/div><\/div>\n<div id=\"mvp-content-bot\">\n<div id=\"mvp-author-box-wrap\">\n<div>\n<p><img loading=\"lazy\" decoding=\"async\" data-del=\"avatar\" height=\"60\" width=\"60\" data-old-src=\"data:image\/svg+xml,%3Csvg%20xmlns='http:\/\/www.w3.org\/2000\/svg'%20viewBox='0%200%2060%2060'%3E%3C\/svg%3E\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2022\/08\/image-1-80x80.jpeg\">\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n<p>Ser Suzuki Shillsalot has 8 years of experience working as a Senior Investigative journalist at The SpamBot Times. He completed a two-hour course in journalism from a popular YouTube video and was one of the few to give it a positive rating.<br \/>\nShillsalot&#8217;s writings mainly focus on shilling his favourite cryptos and trolling anyone who disagrees with him.<br \/>\nP.S &#8211; There is a slight possibility the profile pic is AI-generated. You see, this account is primarily used by our freelancer writers and they wish to remain anonymous.<br \/>\nWait, are they Satoshi? :\/<\/p>\n<\/p><\/div>\n<div itemprop=\"publisher\" itemscope itemtype=\"https:\/\/schema.org\/Organization\">\n<div itemprop=\"logo\" itemscope itemtype=\"https:\/\/schema.org\/ImageObject\">\n<p><img decoding=\"async\" data-old-src=\"data:image\/svg+xml,%3Csvg%20xmlns='http:\/\/www.w3.org\/2000\/svg'%20viewBox='0%200%200%200'%3E%3C\/svg%3E\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2022\/10\/Menu-large-logo.png\"><\/p>\n<p><meta itemprop=\"url\" content=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2022\/10\/Menu-large-logo.png\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n<p>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<meta itemprop=\"name\" content=\"AMBCrypto\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/ambcrypto.com\/hedera-as-positive-developments-spur-network-will-hbar-rally\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><br \/>\n Suzuki Shillsalot<\/p>\n","protected":false},"excerpt":{"rendered":"<p>HBAR, the native token of Hedera, surged 13% over the last week. HBAR\u2019s Open Interest jumped 62% to $18 million in the last 24 hours. 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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":623867,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[534,61266,22550],"tags":[],"class_list":{"0":"post-623866","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-financial","8":"category-hedera","9":"category-positive"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/623866","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=623866"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/623866\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/623867"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=623866"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=623866"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=623866"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}