The cryptocurrency market continues to evolve with new projects emerging almost every day. An altcoin, which has been away from institutional investors for a long time, is starting to accelerate the space again with its new partnerships.
Popular altcoin project on the radar of tech giants
Related altcoin project Hedera Hashgraph (HBAR) has been making big moves recently with partnerships with big companies such as Google, IBM and Boeing. Hedera Hashgraph is a decentralized ledger that uses a mechanism called hashgraph to drive consensus among network participants. Ideal for enterprise use cases as the network is designed to be fast, secure and scalable.
Hedera Hashgraph has positioned itself as a business-friendly organization and protocol that has partnered with some of the largest companies. The project has built a strong foundation and is fast becoming one of the most respected projects in the industry. Check out the Google partnership in 2020:
From @Google: "Working with Hedera #Hashgraph to support the next generation of distributed ledger technology": https://t.co/ECwpF5A2LE
— Hedera (@hedera) February 11, 2020
One of the main advantages of Hedera Hashgraph is that it was built to serve the needs of large institutions and organizations. It is fast becoming one of the most trusted enterprise blockchains, and for good reason. Its technology is fast, secure and scalable, making it ideal for use in industries where data privacy and security are paramount.
Hedera Hashgraph partnerships
Hedera Hashgraph has been making big moves lately with partnerships with big companies such as Google, IBM and Boeing. At the World Economic Forum in Davos, Switzerland, it had a prominent seat at the table as an altcoin project. This is proof of the strong links of the project with major institutions and organizations.
One of Hedera’s representatives was the new Head of Global Policy Candidate Reuben. He spoke at the official Politico Davos party, along with the CEOs of Uber and Politico. Hedera was actually sponsoring the party, so it makes sense for them to have a representative there to give a keynote.
🌐#WEF23 begins tomorrow, but #Hedera Haus begins tonight!
🥂Stop by our Cocktail Welcome Reception tonight from 6-9PM for an evening of drinks, hors d’oeuvres, networking, and first looks at network application demos from representative Council Members.https://t.co/FkZnnwCRpF pic.twitter.com/yaKYtdsOTM
— Hedera (@hedera) January 15, 2023
The Hashgraph Innovation program was launched last year by the Hashgraph Association to support the development of the entire HBAR ecosystem. At the beginning of the year, it was announced that the association supported 35 projects, but it seems that there will be more. The ecosystem is growing organically and the Hashgraph Association is funding tons of new projects and developers, moving them to Hedera and starting development activities.
How is the HBAR price, can the altcoin go higher?
According to data from Crypto Methius, HBAR finished 2022 as the 24th most established network or most advanced crypto project based on GitHub activity. This is a promising sign, as the network has already moved up one spot so far this year. There is still a lot of room to grow and untapped resources for Hedera. The higher the project rises during these times, the greater the potential for growth.
HBAR is trading at $0.08936, up around 4% in the last 24 hours. cryptocoin.comWe have included technical analysis and price predictions in this article.
