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- 1 Hedera has a total of 800k active accounts while 1.12 Million created accounts which has been on a decline for past few months
- 2 HBAR is currently trading near the value of $0.115 with a surge of 21.14% in the past one month
Hedera Hashgraph is a distributed ledger technology which promises faster transactions,greater security, and lower fees as compared to other blockchains. Hedera Hashgraph is based on the POS model which is believed to increase the efficiency of the transaction. Unlike most of the the other crypto currency platforms Hedera Hashgraph is built on the completely novel type of distributed ledger technology known as a Hashgraph.
The Hedera codebase and the ecosystem standards are open source and contributed by the community through Hedera Improvement Proposals.
Is 24.84% Growth Of Smart Contracts Enough For The Hedera Hashgraph?
Hedera enables seamless tokenization of the Real World Assets while offering unmatched security and performance as compared to others.Hedera empowers efficient creation of diverse asset types while unlocking value in illiquid assets.
Hedera Hashgraph has over 5,663,575 accounts created on the mainnet. The average cost per transaction on the network is around $0.0001.
Source: Accountgrowth by Metrika
Hedera Hashgraph has observed a total of 10.34 Billion transactions with the average TPS of 1.34k with a maximum TPS of 6957. Meanwhile, HTS non fungible tokens has observed a decline and has reached 324,452. The number of active accounts created on the platform has declined heavily. The number of active accounts created on the platform is 1.12 Million with 800k active accounts.
Hedera Hashgraph has observed 5,609,233 NFT minted on the mainnet. There are a total of 5,527,421 NFT transfers done on the Hedera Network. The royalty Fee and the transfer fee is lowest among others. Let’s have a look towards the price action scenario of the HBAR
HBAR Bulls Aiming For $0.3?
At press time, HBAR had a market cap of $4.04 Billion, ranked 27th on CMC. The overall volume of the asset price declined 36% in the past 24 hours. Hedera token price is currently trading near the value of $0.1129 with a decline of 2.19% in the intraday session. It has a total supply of 50,000,000,000 HBAR and has a total supply of 71.5%.
HBAR token price is currently trading above the 50 and 200 EMAs. The token price is currently forming a consolidated pattern on the daily chart. The upside trend of HBAR can see a halt near $0.2 while the support price can be observed near $0.085.
The RSI of the HBAR is currently near 53 highlighting its presence in the neutral zone. The overall sentiment of the RSI and HBAR is neutral.
Conclusion
Hedera is one the biggest and most efficient blockchains which has displayed strong gains in the last few months. The mainnet is seeing a decline in the overall account creation. HBAR token price is currently seeing a consolidation but can see a new high in the future.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
