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Anticipations run high as Hedera achieves its second 10 billion transactions within 100 days, marking a significant achievement. This momentous announcement reverberated across the market amidst a declining HBAR valuation. The Hedera community is immersed in a jubilant atmosphere, buoyed by the announcement’s capacity to kindle optimism. Remarkably, the Hedera blockchain has effectively processed more than 20 billion transactions. Insider information hints at a celebration that intertwines temporal and transactional elements.
💡Having surpassed 18 and 19 billion mainnet transactions in the last 2 weeks, @hedera has now hit the 20 billion transaction milestone. ⛓
Learn more… #HBAR #Hedera #HederaNewshttps://t.co/8TnA7JH0cM— BSC News (@BSCNews) September 5, 2023
Check out X to see what Crypto analysts have to say about Hedera.
Research findings reveal that reaching the initial 10 billion transaction milestone required 1,738 days. In stark contrast, the second 10 billion transactions were accomplished within 100 days. This exponential growth trajectory of the network can be attributed to a surge in strategic collaborations, innovative developments, and swift adoption. Anticipations run high for an impending surge in the value of the native token, HBAR, driven by the network’s exponential expansion.
Watch this to discover more. Continue below to learn HBAR/USD market status
Hedera Critical Levels to Watch: September 6
The impulse swing of the bullish trend emerged in June 2023 after a bounce off the $0.04000 psychological level. The third wave of the bullish trend, the most extended wave, ended at $0.6410. Following the formation of the swing high at $0.6410, HBARUSD declined to the discount before resuming its uptrend.
The resumption of the uptrend brought the price to a premium as it breached the $0.07310 resistance. However, the price crashed afterward owing to the selling pressure from the $0.07310 resistance. Currently, the market is typically oversold, according to the Stochastic Oscillator. A reversal to the upside is highly probable as the price struggles below the $0.05050 low.
HBAR/USD Significant Levels
Resistance Levels: $0.05250, $0.06900, $0.07310
Support Levels: $0.04560, $0.04000, $0.03570
Total Market Capitalization: $1.04T
Hedera Market Capitalization: $1.63B
Hedera Volume: $34M
Market Rank: #30
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