Hedera Hashgraph’s Dropp integrates with FedNow, HBAR price surges 15%.

Hedera Hashgraph's Dropp integrates with FedNow, HBAR price surges 15%.

The Explosive Rise of HBAR: A Promising Future in the Blockchain Industry

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HBAR, the token that powers Hedera Hashgraph’s decentralized and open-source public ledger, has been making significant gains in recent times. Hedera Hashgraph employs the leaderless and asynchronous Byzantine Fault Tolerance (aBFT) hashgraph consensus algorithm, setting it apart from other major public blockchains in the market. With its exceptional scalability and low latency, Hedera Hashgraph can achieve tens of thousands of transactions per second.

Dropp: A Revolutionary dApp Integrated with FedNow

One of Hedera Hashgraph’s decentralized applications (dApps) called Dropp has gained attention as it was listed as a service provider by the US Federal Reserve’s new instant payment service, FedNow. Dropp is marketed as the world’s first affordable micropayments platform, offering pricing flexibility and driving growth. It provides an alternative to credit card payments by enabling micropayments for small-value transactions in HBAR, USD, and USDC. Additionally, Dropp allows the storing, transferring, and viewing of non-fungible tokens (NFTs).

The integration of Dropp into FedNow is a remarkable endorsement of the blockchain’s potential. It serves as a testament to the value of Hedera Hashgraph’s unique features and paves the way for increased interest from companies and institutions looking to build and utilize products on Hedera’s platform.

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Hedera’s Future: The Potential for Explosive Growth

As the integration of Hedera’s blockchain with the traditional US financial system continues through the FedNow instant payment service, network activity is expected to experience exponential growth. According to a recently released report from Messari, Hedera witnessed a staggering average of 72 million daily transactions in Q2 2023, marking an 80x increase compared to the same period the previous year.

With more financial institutions and companies poised to explore and utilize this promising blockchain in the upcoming months and years, the future looks promising for HBAR. Although its current market cap stands at around $2.2 billion, a significant drop from its peak of nearly $6.7 billion in 2021, HBAR has the potential to become a coin with a market cap in the hundreds of billions of dollars later this decade. The possibility of achieving 100x gains should not be ruled out.

In the short term, HBAR has broken above a longstanding uptrend since June and its 200-day moving average (200DMA). This breakout opens the door for a potential retest of its yearly high in the $0.098 region.

Disclaimer: Crypto Investments and Risks

It’s important to note that investing in cryptocurrencies involves high-risk exposure. The information provided in this article is for informational purposes only and should not be considered investment advice. Investors should exercise caution and be aware that the loss of capital is always a possibility.

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Disclaimer: This article is for informational purposes only and does not constitute investment advice. The author is a blockchain expert, but readers should do their own research and exercise caution when making investment decisions.

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