HBAR is also shining when XRP touched its all-time high. Recent rise of HBAR seems to be similar to the all-time high of $3.65 touched by XRP. Both coins have a strong base and people are expecting both of them to be linked with the SWIFT system. But the progress of XRP and HBAR is happening at different speeds.
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HBAR Catch Up To XRP’s Price?
While Ripple’s XRP Ledger is already being used for cross-border payments, its trading volume of 20 billion shows its value itself. Ripple’s blockchain can handle 1500 transactions every second, but Hedera Hashgraph can do more than that, up to 10 thousand transactions per second.
Now the price of HBAR is around 30 cents, which is an important level. Many crypto experts feel that HBAR can also achieve success like XRP. But right now the trading volume of HBAR is 10 times less than XRP, although the speed is more.
Both blockchains are now entering the field of stablecoins as well. Only Circle’s USDC coin is used on Hedera, while Ripple is launching its own stablecoin RLUSD. Due to this, Ripple has also started trying for a banking license in the USA.
But there is still a huge difference in the market cap of both. Ripple’s market cap is more than 206 billion, while Hedera is still in the top 20 and its market cap is around 11.5 billion. The interest of crypto whales has started coming back, and if Hedera reaches 12 billion, then a big breakout can happen.
Bulls Show Confidence In HBAR
The good news is that the price has started moving up and the bulls have shown strength in many areas. It also includes indicators like Bull Bear Power (BBP) and Money Flow Index (MFI). According to BBP, crypto bulls have taken back control since July 8. Only on July 15 the HBAR signal was neutral.
MFI is still above 60, which shows that if the 30 cents level is broken then the HBAR price can move up even faster. HBAR is still 52% below its highest level of 56 cents, but its price has increased by 84.8% in just 30 days. The total gain throughout the year has reached 265%, which is a very strong performance.
On The Flipside
Hedera Hashgraph is now competing with Ripple (XRP) in the ETF market.
Most ETF requests are still awaiting approval, and a decision is expected by the end of October.
According to the latest surveys, the chance of both coins being approved is up to 95%.
Why This Matters
Stablecoin usage is increasing, and the approval of some new crypto rules, like the Genius and Clarity Acts passed in the USA, has opened up new avenues.
Now remittance altcoins have a better chance of growing in traditional markets.
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People Also Ask:
Can HBAR reach $3 like XRP?
HBAR’s 84% price increase and SWIFT integration have people thinking $3 is possible. But breaking the $0.30 level is a must and that’s not easy.
Why is HBAR’s price rising?
Hedera can handle 10,000 transactions per second. And it also has big partners like Google, IBM, and Nvidia. RSI is bullish, but there is a chance of the price coming back to $0.24.
What is the difference between HBAR and XRP?
HBAR is fast and has been made for businesses. XRP is mostly used for payments, which also has low fees. HBAR has a market cap of $7.26B, while XRP has $116.97B so HBAR has a higher chance to grow.
What can stop HBAR?
If the $0.30 resistance is not broken, HBAR may stop. Regulatory issues and market instability can also create problems.
What does the future of HBAR look like in 2025?
If HBAR goes above $0.30, it can go from $1 to $3 during the altcoin season and business adoption. Updates on Hedera will continue to be available on DailyCoin.
