Hedera is a public network and governing body that functions utilizing the hashgraph technology. The term “hashgraph” refers to a consensus process that, in addition to providing a data structure that is quick, safe, and fair, does it in an efficient and novel manner. The Hashgrpah is Hedera’s own proprietary software which is often referred to as Blockchain 2.0.
Hedera’s New Developments
Hedera recently made headlines with its Reality+ partnership to launch the metaverse game, “Own The Zone”, which was officially licensed by the FIFA World Cup Qatar 2022.
Read More: Hedera Launches FIFA World Cup 2022’s Official Metaverse Game
Driving high on the football fever this year, the metaverse game came with its own collection of NFTs and also real-world prizes.
Additionally, Hedera’s biggest milestone this year has been to breach the $100 million TVL threshold. It has shown to increase by 171% increase quarter on quarter.
Read More: What Led To Hedera’s Massive Growth In Q3 of 2022?
The primary factor fuelling the rise in Hedera’s TVL attributed to the launch of the SaucerSwap which is Hedera’s first native decentralized crypto exchange.
Hedera (HBAR) Price Prediction For Long Term
At the time of writing, the price of HBAR is $0.042, up by 0.2% over the previous day, according to the market monitoring portal CoinMarketCap. The price of the cryptocurrency has fallen by over 85% since last year when HBAR traded at around $0.32 in December of 2021.
However, if one is to believe the forecasts provided by the website cryptopredictions.com, the cost of HBAR may once more experience a spike in the years to come.
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In the event that there are no future black swan incidents, the data suggests that the cryptocurrency will continue to expand at a consistent rate.
Now, according to the current price, if you invested a mere amount of $100 into Hedera today, you would receive 2,365 HBAR coins.
And, in case the price hits $5 in the next few years, this $100 investment of yours would become $11,825, which is an increase of 120x upon your purchase.
Disclaimer: This is not investment advice. Please do your due diligence before investing in any asset.
Also Read: Here’s How Much Your $1000 Investment In Ethereum Classic Will Be Worth If ETC Hits $100
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