HBAR, Hedera Community’s native cryptocurrency, witnessed some constructive progress up to now seven days. Nonetheless, the community had extra to supply. Along with HBAR’s value, its blue chip NFTs additionally witnessed some progress over the previous couple of days.
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Right here’s AMBCrypto’s Value Prediction for Hedera [HBAR] for 2022-2023
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Baboons are hungry for extra
Certainly one of Hedera’s prime performing NFT’s Hungry Baboons, lately crossed 10 million by way of quantity over the previous two weeks, as of 29 October. The identical was retweeted by the official Twitter deal with of the NFT assortment.
Phenomenal 🔥🔥 @HangryBarboons barboons surpassed 10mil $HBAR quantity on @ZuseMarket inside the first two weeks of launch 🚀
Actually one thing particular! 💎
Enormous congratulations, subsequent cease pluto 🔵#HBARNFT #solnfts #ethnfts #Hedera #HangryHeatWave #HederaHeatWave pic.twitter.com/emVwTpPHKe
— jbar.hbar (@HBARbarian_) October 29, 2022
One of many causes for this progress may very well be Hedera‘s rising social mentions and engagements. In keeping with social media analytics agency LunarCrush, the variety of social mentions for Hedera grew by 16% over the past week. Moreover, the variety of social engagements grew by 19.7% within the aforementioned interval.
Not solely that however the weighted sentiment round Hedera additionally grew. This indicated that the crypto group’s total outlook in the direction of HBAR was getting constructive.
Nonetheless, regardless of the success of some blue chip NFTs and an growing constructive sentiment for Hedera, there was bother. HBAR’s NFTs did not compete with different blockchains by way of their NFT progress.
A roadblock on the highway to restoration
As could be seen from the picture beneath, Hedera nonetheless didn’t qualify as a robust competitor for different NFT collections. Quite the opposite, HBAR’s NFT assortment had a protracted option to go earlier than it might compete with main gamers out there.
Furthermore, there have been different positives that may very well be thought-about as effectively. Hedera’s quantity grew considerably over the previous week. As could be seen beneath, Hedera’s quantity went from 20 million to 35 million within the span of some days.
Together with its quantity, HBAR’s market cap continued to develop as effectively. Nonetheless, Hedera’s growth exercise continued to say no throughout the identical interval, which might play in opposition to the rising numbers.
A declining growth exercise amid Hedera’s mirror node issues may very well be perceived as an issue. Nonetheless, the difficulty with the mirror node problem was resolved on 27 October.
On the time of writing, HBAR had been buying and selling at $0.0605 and had appreciated by 2.70% within the final 24 hours in line with CoinMarketCap. Nonetheless, its quantity depreciated by 18.15% throughout the identical time interval. Its market cap appreciated by 3.07% as effectively, and on the time of press HBAR had captured 0.16% of your complete crypto market.