The Hedera (HBAR) cryptocurrency is on a bullish trend over the last week, up 28%. Following its partnership with SWIFT, many are watching closely to see how high the Hedera coin will climb. Some analysts are especially bullish, projecting the altcoin to continue a climb towards the top-10 cryptocurrencies by market cap. Currently sitting just ahead of Chainlink (LINK), HBAR may be on its way to $1, already nearing its ATH of $0.2646.
With the increasing likelihood of an Hedera (HBAR) ETF being approved by the SEC as well as a rebounding market, the HBAR coin may have an exponential surge ahead. With its ISO 20222 compliance, Hedera (HBAR) is poised to lead the way in the integration of blockchain technology into traditional financial systems.
The recent partnership with SWIFT has allowed Hedera (HBAR) to establish a clear advantage in improving transaction speed and transparency. As a result, investor interest in the HBAR coin is rising, with trading volume alone up in the past week. At press time, investors are holding the coin, waiting for a further boom to occur.
Also Read: Chainlink (LINK) Price: Is It’s 15% Surge The Start of a New Rally?
Several nalysts are predicting that HBAR could hit $1 soon. According to crypto expert Jesse Olson, Hedera (HBAR) has broken through a critical trendline resistance level, with targets of $0.33 and $1.20 now in sight.
Furthermore, Hedera’s HBAR may be one of several altcoins involved in an upcoming US strategic crypto reserve. Beyond Bitcoin and Ethereum, there are several contenders that could feature in the reserve, such as LINK and HBAR. At a minimum, the continuous endorsement of cryptocurrency and assets like HBAR by the US government will only mean more bullish momentum for the market.
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