HBAR/USD represents the value of 1 HBAR (Hedera cryptocurrency) token against the US dollar. There are other ways to express the pair using the two ticker symbols, although in every variation, the pair HBAR USD signifies the same thing. HBAR is the cryptocurrency that runs on the Hedera Hashgraph, a unique type of blockchain that powers smart contracts, allows for the minting of NFTs and provides file storage services, among other services. The Hedera network is one of many that promotes itself as an alternative to Ethereum, citing, in particular, its low costs and fast transactions. However, there are some notable differences between Hedera and other Ethereum competitors. Most apparent is the use of the Hashgraph system, a distributed ledger technology that is completely different from other blockchains. HBAR is the utility token that powers Hedera’s services in much the same way as ETH powers Ethereum’s. HBAR has two functions. First, it is the payment token for services. Secondly, it acts as a staking token for users to assist with maintaining the integrity of the platform. HBAR has established itself as an important cryptocurrency, and you can buy and sell HBAR-USD with low fees right here on eToro’s crypto Exchange eToroX.
For professional traders and serious investors trading cryptocurrency, eToroX is a ground-breaking crypto platform. eToroX was established by eToro as a standalone platform to offer access to a licensed exchange and a dedicated range of crypto trading services. Licensed by the GFSC (Gibraltar Financial Services Commission), eToroX offers cutting-edge tools, ideal for experienced traders buying and selling crypto, while providing users with the reassurance and peace of mind of trading with a trusted and transparent partner. Whether you wish to buy HBAR coin with USD, use our tools for HBAR USD price analysis, or trade any of our dozens of other cryptoassets, eToroX gives professionals all they need to invest in the vibrant cryptocurrency market of today.
Hedera Hashgraph was founded by Leemon Baird and Mance Harmon. Baird is recognized as the architect of the Hashgraph ledger system, whereas Harmon is an experienced tech entrepreneur. While Harmon acts as CEO, Hedera is also run by a council, made up of individuals representing some important corporations (see our HBAR facts below). Like Ethereum, Hedera offers an ecosystem for developers to build services for users to access. This includes decentralized file storage, NFT configuration and minting, smart contract tools for building dApps, and a consensus layer to allow users to verify a log of events. All of these services require HBAR tokens to work, including for the payment of transaction fees. Another important use for HBAR is in staking for validation, which allows HBAR holders to earn rewards and fees for HBAR locked in the system.
The Hedera Hashgraph network has a max supply of 50 billion tokens, of which around 20 billion are in the current circulating supply. The max supply is quite high for a cryptocurrency (Bitcoin’s max supply is limited to 21 million, for example), and it means there will be inflationary supply pressure on the HBAR coin to USD price. Still, with so many venerable corporations and individuals backing the project, there is support for HBAR tokens as an investment. It has established itself among the top 50 cryptocurrencies by market cap, and some investors believe it can grow further if there is wider adoption of the Hedera Hashgraph network by developers and businesses. HBAR reached its (current at the time of writing, in Q2 2022) all-time high of $0.5701 on 16th September 2021. The all-time low for HBAR to USD was recorded on 2nd January 2020, when HBAR was worth $0.011. You can use eToroX to buy and sell HBAR for USD, while also using our resources like an HBAR to USD converter. Charts, news, and current research for HBAR price analysis.
eToroX is a cryptocurrency exchange and a suite of services aimed at providing professional traders with the best resources for investing in cryptoassets. The platform is constantly evolving, adding new assets for trading, innovative tools for executing trades, and providing analysis on the ever-evolving cryptocurrency markets. As an eToroX user, you will get access to trading opportunities with low fees, generous lines of credit for spot trading, and unique tools to execute your crypto trading strategy. Above all, there is an emphasis on security and support, with our dedicated team of crypto and investment experts in place to help you invest in crypto with peace of mind. Start trading HBAR/USD now on eToroX – the professional cryptocurrency exchange.