Hedera's technological advantages and market potential go hand in hand: $HBAR price expectation analysis

Hedera is a new type of public distributed ledger technology that uses Directed Acyclic Graph (DAG) and Hashgraph consensus algorithm. It provides an efficient development and deployment platform for decentralized applications (dApps) and microservices, surpassing the performance and scalability of traditional blockchains. Hedera's core technology achieves more efficient transaction speed and ultimate security through virtual voting, rumor protocol, and asynchronous Byzantine fault tolerance (aBFT).

 

Compared with traditional blockchain, Hedera has significant advantages in performance and energy efficiency. The platform can process over 10,000 transactions per second, with confirmation time of only 3-5 seconds and transaction costs as low as $0.0001. At the same time, Hedera uses the Proof of Stake (PoS) consensus mechanism to significantly reduce energy consumption, making it a green and environmentally friendly distributed ledger solution. Hedera's governance is the responsibility of a board of directors composed of 39 well-known companies worldwide, ensuring the decentralization and stability of the network.

 

In addition, the platform provides a variety of services, including token management, consensus services, smart contracts, and file storage, which are widely used in fields such as finance, real estate, supply chain, Web3, and sustainable development, providing strong support for enterprises and developers to build decentralized ecosystems.

Hedera's Hashgraph consensus algorithm utilizes the "Gossip Protocol" and virtual voting mechanism to achieve fast consensus. This design avoids the resource-intensive Proof of Work (PoW) in traditional blockchains, allowing the network to operate at lower costs and higher efficiency.

The Hashgraph algorithm has asynchronous Byzantine fault tolerance (aBFT) features, ensuring that the system can reach consensus even in the presence of malicious nodes or network delays. In addition, the virtual voting mechanism reduces network communication overhead and improves the ability to resist distributed denial of service (DDoS) attacks.

Through virtual voting, Hedera can assign a consensus timestamp to each transaction that reflects the time when most network members received the transaction, ensuring fairness in transaction processing. At the same time, this mechanism achieves low-latency transaction confirmation and improves User Experience.

Hedera provides a wealth of power builders and services, including smart contracts, token services, and consensus services. It supports SDKs for multiple programming languages, making it easy for developers to build decentralized applications (dApps). In addition, Hedera's network design supports high throughput and fast final determinism, meeting the needs of various application scenarios.

 

As an innovative public distributed ledger technology, Hedera ($HBAR) has made significant progress in decentralized applications (dApps) and enterprise-level solutions with its efficient Hashgraph consensus algorithm. With the continuous expansion of platform performance and application scenarios, the market position of $HBAR is steadily increasing. As of December 2024, the circulating market value of $HBAR is $13.425 billion, the token unit price is $0.3525, the total supply is 5 billion, and the circulating supply is 3.819 billion.

In order to further evaluate the market potential of Hedera, we can compare it with other outstanding public chain projects in the market, especially the leaders in Avalanche, Ethereum, and Solana.

Benchmark project:

1、Avalanche ($AVAX)

Unit price: $51.14

Market capitalization: 20.942 billion USD

Fully diluted market capitalization: $22.891 billion

Circulation: 409 million AVAX

Total Supply: 447 million AVAX

Maximum supply: 720 million AVAX

2、Ethereum ($ETH)

Unit price: 3631 US dollars

Market capitalization: 438.164 billion USD

Fully diluted market capitalization: $437.327 billion

Circulation: 120 million ETH

Total Supply: 120 million ETH

3、Solana ($SOL)

Unit price: 226.8 USD

Market capitalization: 107.858 billion USD

Fully diluted market cap: $133.648 billion

Circulation: 475 million SOL

Total supply: 589 million SOL

Market value comparison with expectations

The following are several scenarios in which Hedera's market value may reach, as well as the expected $HBAR price calculated based on these scenarios.

Benchmarking Avalanche ($AVAX)

If the market value of $HBAR reaches the level of Avalanche, the price of $HBAR may rise to $0.92, which means an increase of about 161%.

Benchmarking Ethereum ($ETH)

If $HBAR can approach the market value level of Ethereum, the price of $HBAR may rise to $9.10, an increase of up to 2480%.

Benchmarking Solana ($SOL)

If the market value of $HBAR can reach the market value of Solana, the price of $HBAR may rise to $0.94, an increase of about 167%.

 

Hedera's native governance token is HBAR, which is mainly used to support decentralized applications (dApps) and protect the network from malicious activities. HBAR is the core of Hedera's ecosystem and undertakes various important functions and uses.

Pay transaction fees

HBAR tokens are used to pay transaction fees on the Hedera platform. Both users and developers need to use HBAR as a payment method when conducting transactions, executing smart contracts, or transferring funds.

dApp access

Users holding HBAR tokens can access and use decentralized applications (dApps) published on Hedera. This makes HBAR a "passport" to participate in the Hedera ecosystem, promoting the popularity and use of various applications within the platform.

Staking and Node Incentive

HBAR tokens are also used for staking and participate as part of trading nodes. Nodes receive rewards by verifying and processing transactions, which are distributed in the form of HBAR. The staking and reward mechanism of participating nodes encourages the decentralization and efficient operation of the network.

Incentive mechanism

Hedera encourages users and nodes to participate in the security and operational efficiency of the network. Users will receive HBAR token rewards when contributing to the network (such as by running nodes or verifying transactions). This not only helps ensure the healthy operation of the network, but also motivates more people to participate in the construction of the ecosystem.

As of December 3, 2024, the real-time market cap of HBAR is approximately $13.40 billion. The current circulating supply is 38.10 billion HBAR, and the maximum supply is 50 billion HBAR.

 

V. Team and financing

VI. Risk Warning

VII. Official link