Bitcoin (BTC) was the first cryptocurrency to be publicly available. After its launch in 2009, other cryptocurrencies appeared. However, there were not many digital coins and tokens for a few years. Nowadays, there are thousands of cryptocurrencies. As a result, investors have a wide span of opportunities to invest in digital assets and earn considerable sums of money within a relatively short time.
But what cryptocurrencies should you consider for investing? One of the first indicators to consider is the historical price performance. Take a look at the value of a cryptocurrency over the years to get an initial picture of its worthiness. However, you must read several price predictions from reputable sources to have an entire picture. Experts using advanced computing tools can somehow offer the projection of a digital asset for a few years into the future.
Many experts agree that well-established cryptocurrencies like Bitcoin and Ethereum (ETH) yield modest gains. In contrast, newer (albeit lesser-known) cryptocurrencies may offer an avid investor a better return on investment (ROI). That is the case with Hedera Hashgraph (HBAR), a cryptocurrency that showed impressive growth in 2021. If you are interested in investing in this digital coin, we invite you to read the following HBAR price prediction 2022.
Hedera Hashgraph (HBAR) Price Prediction for 2022
HBAR is the native token of the Hedera Hashgraph network. Instead of traditional blockchain technology, this network utilizes hashgraph distributed ledger technology. Compared to blockchain-based networks, Hedera Hashgraph has better performance and stability. The primary purpose of this network is to allow users to create decentralized applications (DApps).
The role of HBAR on the Hedera Hashgraph network is manifold. It powers smart contracts and other network services. Holders can stake their HBAR tokens, thereby contributing to securing the network. This token was available for the first time in an initial coin offering (ICO) held in August 2018. At the time, each HBAR coin traded at $0.12. This token’s price skyrocketed in 2021 when it set its all-time high on September 16, 2021, at $0.5701.
As of mid-March 2022, HBAR trades at around $0.20. How will this token’s price evolve in the remainder of the year? Well, according to several experts, the HBAR price could climb to $2.5 in the middle of 2022. But it will drop again to the $2.0 level by the end of the year. However, it represents an excellent investment opportunity. Assuming you invest right now, the value of your HBAR holding would increase by at least a 10x factor.
Hedera Hashgraph Offers One of the Fastest Transactions Speeds
Among the technological innovations of the Hedera Hashgraph is its consensus mechanism, a proof-of-stake (PoS) algorithm combined with hashgraph consensus. The result is faster transactions that allow HBAR to compete with the fastest transaction cryptocurrency in the market.
Transaction speed is one of the most critical features of cryptocurrencies. The blockchain’s ability to transfer data with minimal bandwidth determines the network’s transaction speed. The number of transactions per second is a good indicator of the speed of a cryptocurrency network. As of today, the fastest cryptocurrencies are:
- Nano (XNO): an unlimited number of transactions per second (tx/s)
- Avalanche (AVAX): 4,500 tx/s
- Stellar (XLM): 1,000-5,000 tx/s
- EOS (EOS): 2,800 tx/s.
For comparison, Bitcoin can handle 7 transactions per second and Ethereum 10 transactions per second. However, with the launch of Ethereum 2.0, this network will handle 10,000 transactions per second.
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