Hedera (HBAR) Eyes $14 Billion Market Cap Comeback After Brief Decline
Hedera (HBAR) Eyes $14 Billion Market Cap Comeback After Brief Decline Hedera’s (HBAR) market cap appears ready for a rebound toward its all-time high after a decline that brought it down to $10.11 billion. HBAR’s price action and key indicators support this optimistic outlook. If this bullish prediction holds, HBAR could recover some of its recent losses and potentially climb to much higher levels, reigniting investor confidence in the altcoin’s long-term prospects. The Hedera Token Displays Strength On December 3, HBAR’s market cap was $14.20 billion. This value marked the highest it has reached since its Mainnet in September 2019. Market cap is the product of circulation supply and the price of a cryptocurrency. Currently, the project has 13.22 billion out of its 50 billion supply in circulation. However, the majority of the market cap hike could be linked to HBAR’s price increase. Recently, the altcoin’s value surged by 600% within a few weeks While HBAR market cap showed potential for recovery, the token’s price has declined from $0.38 to $0.26, indicating a pause in bullish momentum. However, HBAR has rebounded from its recent low over the past 24 hours, hinting at renewed buying interest. If this recovery sustains, HBAR’s market cap could be on track to reclaim the $14 billion level. Hedera Market Cap. Source: Santiment Furthermore, on-chain data from Santiment reveals a surge in HBAR’s social dominance, reaching 1.14%. This metric tracks the level of discussions surrounding a cryptocurrency compared to others in the top 100. A rising dominance typically signals growing attention and interest in an asset, often contributing to bullish sentiment. If HBAR’s social dominance continues climbing, it could increase the token’s value and support its potential market cap recovery to $14 billion. Hedera Social Dominance. Source: Santiment HBAR Price Prediction: $0.45 Could Be Next From a technical perspective, BeInCrypto observed the formation of a bull flag on the HBAR/USD chart. The bull flag is a pattern that resembles a flag on a pole. It forms during a strong upward price trend, where a sharp initial rally (the “flagpole”) is followed by a period of consolidation (the “flag”). This consolidation typically moves slightly downward or sideways, reflecting a temporary pause in market momentum. When this pattern concludes, it’s often followed by another sharp price increase. Hedera Daily Analysis. Source: TradingView For HBAR, it appears to be ready for another uptick. Should this be the case, then HBAR’s value could rise to $0.45. However, if selling pressure increases, the altcoin’s value might drop to $0.17. Disclaimer In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated. Victor Olanrewaju is a technical and on-chain analyst at BeInCrypto, where he monitors the activities of mid- and large-scale investors, commonly known as crypto whales, to detect investment trends across diverse cryptocurrencies, including Bitcoin, altcoins such as Solana, XRP, Cardano, and Toncoin, as well as meme coins like Dogecoin, Shiba Inu, and Pepe. Additionally, he covers emerging trends including Tap-to-Earn games, AI tokens, and real-world assets (RWA). Before joining BeInCrypto... Victor Olanrewaju is a technical and on-chain analyst at BeInCrypto, where he monitors the activities of mid- and large-scale investors, commonly known as crypto whales, to detect investment trends across diverse cryptocurrencies, including Bitcoin, altcoins such as Solana, XRP, Cardano, and Toncoin, as well as meme coins like Dogecoin, Shiba Inu, and Pepe. Additionally, he covers emerging trends including Tap-to-Earn games, AI tokens, and real-world assets (RWA). Before joining BeInCrypto... READ FULL BIO