{"id":23274,"date":"2023-09-05T19:23:22","date_gmt":"2023-09-05T19:23:22","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/hedera-hits-20-billion-transactions-bullish-for-hbar\/"},"modified":"2023-09-05T19:23:22","modified_gmt":"2023-09-05T19:23:22","slug":"hedera-hits-20-billion-transactions-bullish-for-hbar","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/hedera-hits-20-billion-transactions-bullish-for-hbar\/","title":{"rendered":"Hedera hits 20 billion transactions- bullish for HBAR?"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/09\/1636657091176-e1cfc48e-e009-49b2-8803-f5599f240a21-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/09\/1636657091176-e1cfc48e-e009-49b2-8803-f5599f240a21-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/09\/1636657091176-e1cfc48e-e009-49b2-8803-f5599f240a21-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/09\/1636657091176-e1cfc48e-e009-49b2-8803-f5599f240a21-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">Hedera (HBAR) has hit a record 20 billion mainnet transactions.<\/li>\n<li dir=\"ltr\">HBAR price rose slightly on Tuesday. However it remains in a long-term downward trend at around $0.049<\/li>\n<\/ul>\n<p dir=\"ltr\">Hedera is celebrating a major milestone as a crypto platform \u2013 the mainnet transaction count has surpassed the 20 billion mark.<\/p>\n<p dir=\"ltr\">As far as what this means for the decentralised public network, it is a significant achievement made all the more notable by the fact that the broader crypto market has seen a slowdown of activity. This even as crypto winter begins to recede into the rearview mirror for this cycle.<\/p>\n<p dir=\"ltr\">On Tuesday, Hedera posted the network\u2019s achievement on X (fka Twitter), and noted something that points to how it\u2019s recorded aggressive growth over the past few months and weeks. Per the X post, while it took years for total transactions to hit 10 billion, the march to 20 billion only took 100 days.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Hedera?src=hash&amp;ref_src=twsrc%5Etfw\">#Hedera<\/a>: 20 Billion Transactions<\/p>\n<p>1,738 days for the first 10 billion \u2013<br \/>100 days for the next 10 billion.<\/p>\n<p>Real-world adoption; real-world utility.<a href=\"https:\/\/twitter.com\/hashtag\/HelloFuture?src=hash&amp;ref_src=twsrc%5Etfw\">#HelloFuture<\/a> <a href=\"https:\/\/t.co\/3kuYu8uNGw\">pic.twitter.com\/3kuYu8uNGw<\/a><\/p>\n<p>\u2014 Hedera (@hedera) <a href=\"https:\/\/twitter.com\/hedera\/status\/1698886541060276535?ref_src=twsrc%5Etfw\">September 5, 2023<\/a><\/p>\n<\/blockquote>\n<p dir=\"ltr\">In other key network metrics on the HBAR <a href=\"https:\/\/hedera.com\/hbar\" rel=\"noopener noreferrer\" target=\"_blank\">website<\/a>, details show Hedera currently processes over 134 million transactions per day. Total mainnet accounts have grown to more than 3.5 million.<\/p>\n<p dir=\"ltr\">Part of what\u2019s driven real-world adoption for the network is recent partnerships with automakers Hyundai and Kia and the <a href=\"https:\/\/coinjournal.net\/news\/hbar-price-soars-as-fednow-adds-support-for-hedera\/\">support<\/a> for Hedera-based micro-payments platform Dropp Inc by the Federal Reserve\u2019s payments network FedNow.<\/p>\n<h2 dir=\"ltr\">HBAR price<\/h2>\n<p dir=\"ltr\">The price of HBAR was hovering around $0.049 at the time of writing, having retreated from weekly highs of $0.056. The current level was slightly in the green with 1.7% upside but traded more than 10% off its weekly peak as most altcoins mirrored Bitcoin\u2019s declines to under $26k.<\/p>\n<p dir=\"ltr\">While HBAR saw an uptick today, sentiment is largely still bearish. Positive triggers alongside further global adoption will be key to bulls\u2019 attempts to hit targets.\u00a0<\/p>\n<p dir=\"ltr\">However, an overall downturn in the market could dictate downside action and see sellers aim for June lows near $0.040.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/hedera-hbar-hits-major-milestone-with-20-billion-transactions\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Hedera (HBAR) has hit a record 20 billion mainnet transactions. HBAR price rose slightly on Tuesday. However it remains in a long-term downward trend at around $0.049 Hedera is celebrating a major milestone as a crypto platform \u2013 the mainnet transaction count has [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":23275,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/23274"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=23274"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/23274\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/23275"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=23274"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=23274"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=23274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}