I’ve been keeping an eye on Hedera (HBAR) for a while now and I’m curious about when its price might really take off. Does anyone have any insights or predictions on when HBAR could see a significant price explosion? Any factors or upcoming events we should be watching for?
The price of HBAR, and the crypto market as a whole, generally sees an uptick during January, February, and March. This increase aligns with when people receive their tax returns and have extra money to invest. It’s a pattern that repeats every year, with tax refund season bringing in fresh investment into the crypto market.
Absent some type of broader economic stimulus or taxes being injected into society, the only other major factor that can significantly boost the price of HBAR is big news. But announcements are often kept under wraps until they are ready to be revealed.
A perfect example of this was when the HBAR Foundation announced that BlackRock’s assets were being tokenized on the Hedera network. This kind of major news can have a huge impact on investor sentiment and market prices because it demonstrates substantial institutional support and real-world application of the technology.
The price of HBAR surged by 100% following the announcement that BlackRock’s assets were being tokenized on the Hedera network. And a rumor of something big coming was mentioned a week or two before it happened. So pay attention to the forums for rumors that could be circulating.
Don’t stress about when the price of HBAR will explode; it will soar past $2 at some point in the future. Focus on dollar cost averaging your way in: buy HBAR when the price is low and avoid buying when the price is pumping. Typically, the price will dip again, until one day, it doesn’t.