HBAR (Hedera) rose 26.55% in the last 24 hours.

Gate News Bot news, on July 18, according to CoinMarketCap data, as of the time of writing, HBAR (Hedera) is currently priced at $0.30, having risen 26.55% in the last 24 hours, reaching a high of $0.30 and a low of $0.19, with a 24-hour volume of $1.581 billion. The current market capitalization is approximately $12.588 billion, an increase of $2.641 billion compared to yesterday.

Hedera is a public distributed network and a trust layer for decentralized economies. It uses innovative Hashgraph consensus technology to support the development of decentralized applications without compromising on speed, efficiency, or security. Hedera is governed by a council composed of leading global institutions, providing strong decentralization, transparency, and trusted decision-making. The network supports the execution of smart contracts written in Solidity and is compatible with Ethereum-compatible tools and applications, while also offering native and ERC-compatible tokenization services.

Important news about HBAR recently:

1️⃣ The season of altcoins is coming, HBAR leads the market The cryptocurrency market is迎来 a new round of altcoin season, with HBAR, as a high-performance public chain token, demonstrating strong rise momentum. Recently, HBAR's 24-hour rise has consistently remained in double digits, making it one of the best-performing cryptocurrencies in the market.

2️⃣ HBAR price has risen significantly, volume has surged HBAR has seen a cumulative rise of 75% in July, with its market capitalization increasing from $6.6 billion at the beginning of the month to $10.3 billion. Daily volume has also surged significantly, reaching $1.33 billion, a rise of 62% compared to the previous period. This remarkable increase in price and volume indicates a rapidly growing demand for HBAR in the market.

3️⃣ Strong bullish sentiment in the derivatives market The 24-hour open interest positions for HBAR have risen by 48.9%, indicating strong bullish sentiment in the derivatives market. This data suggests that investors anticipate a further rise in HBAR prices and are therefore more actively holding long positions.

From a technical perspective, the price of HBAR has broken through the value area high (VAH) of $0.255, which may become a new support level. At the same time, on-chain data shows strong buying pressure, with the On-Balance Volume (OBV) indicator breaking the May high, further confirming the bullish momentum in the market.

This message does not constitute investment advice, and investors should be aware of market volatility risks.