HBAR’s Desperate Leap to $0.70

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Ah, the sweet taste of speculation 🤑! Let us begin our tale of HBAR‘s frantic ascent.

  • HBAR rallies, much to the delight of its enthusiasts, as Lloyds and Aberdeen deign to use Hedera’s blockchain infrastructure for their tokenized assets.
  • Hedera, in a bold move, partners with Accenture to create AI tools for the public sector, because what could possibly go wrong with that? 🤖
  • A falling wedge breakout and a $5.11M inflow spark a bullish frenzy, with all eyes fixed on the coveted $0.70 target.

Hedera’s native token, HBAR, has risen a staggering 49% over the last seven days, trading at $0.23, despite a slight stumble during the market-wide correction. Its market cap has ballooned to almost $10 billion, with a 24-hour trading volume above $1 billion. One can only wonder what sorcery is at play here 🔮.

Part of this price move, we are told, is due to the innovative use of Hedera’s network by Lloyds Bank and Aberdeen Investments for a novel type of financial transaction. Because, you see, the old ways of doing things are far too dull.

According to the esteemed Bloomberg, this transaction involved a digital representation of a money market fund offered by Aberdeen and UK gilts, all issued, transmitted, and stored through the Hedera Hashgraph blockchain. One can only assume that the relevant authorities were adequately bribed… err, consulted.

In a shocking turn of events, the Hedera Foundation has announced a new project with Accenture and EQTYLab, aimed at building a system to help public agencies use AI in a more open and traceable way. Because, clearly, the key to a better future lies in the union of artificial intelligence and bureaucracy 🤝.

As a result, this effort may usher in a new era of blockchain-backed AI systems in governments, because what could possibly go wrong with that? 🤖 The setup provides a way to link artificial intelligence with public accountability, a match made in heaven, no doubt.

HBAR has, in a daring move, broken above a falling wedge formation, a pattern often seen before sharp price moves. The breakout happened on growing volume, showing buyers stepping in after months of quiet trading. According to the illustrious STEPH IS CRYPTO, the $0.70 level is a possible short-term price area if momentum holds. One can only hope that this prophecy comes to pass 🤞.

Meanwhile, the pattern appears to mark the end of a long pullback. Weekly closes above resistance levels could add to the current pace of the move, sending HBAR soaring to dizzying heights 🚀.

HBAR has seen strong capital inflows, with $5.11 million in net buys reported in the last 24 hours, its largest single-day figure in six months, according to Coinglass. A veritable tidal wave of cash, no doubt 🌟.

And, as the pièce de résistance, STEPH IS CRYPTO has pointed out that the odds of a spot HBAR ETF approval in 2025 are as high as 90%. A done deal, if you will 🤑.

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2025-07-15 08:10