Hedera Hashgraph (HBAR) Nears Key Price as SaucerSwap Booms


Hedera Hashgraph (HBAR) price is loitering near its highest point in over a year on Tuesday. The token jumped to a high of $0.0948, a few points below the December high of $0.0952. It has surged by more than 135% from its lowest point in June last year.

SaucerSwap is doing well

HBAR price continued its uptrend as traders cheered the performance of SaucerSwap, one of its biggest dApps. The SAUC token surged by more than 30% on Tuesday and reached an all-time high of $0.074. This rally brought its total market cap to over $43 million.

Recent data shows that SaucerSwap was doing well. For example, data compiled by DeFi Llama shows that the ecosystem’s total value locked (TVL) jumped to the all-time high of 450.2 million HBAR tokens. In dollar terms, the TVL jumped to over $42.24 million.

Additional data by CoinMarketCap shows that the volume traded in its platform is also rising. It handled over $2.8 million on Monday and the trend could go on as more traders moves back to their offices. Saucer’s token rose after the developers solved an issue that affected transactions in the network.

Meanwhile, the TVL in Hedera Hashgraph’s ecosystem jumped to a record high of over $74 million this week. In addition to SaucerSwap, other parts of the ecosystem is doing well. Stader, a liquid staking platform, saw its assets jump to over $34 million. Similarly, HeliSwap and DaVinciGraph TVL continued rising too.

The other reason why Hedera Hashgraph price is rising is that there are elevated hopes that the Securities and Exchange Commission (SEC) will approve a spot Bitcoin ETF this month. The agency has until January 10th to deliver its decision, which could be to approve, reject, or postpone. This explains why Bitcoin price surged above $45,000 on Tuesday.

Hedera Hashgraph price analysis

The daily chart shows that the HBAR price has been in a strong uptrend in the past few months. This rally has coincided with the overall cryptocurrency rally that pushed BTC above $45,000. The coin has remained above the 50-day and 25-day Exponential Moving Averages (EMA).

Hedera Hashgraph price has also moved above the Ichimoku cloud and is attempting to flip its December high of $0.095 into a support. Therefore, the outlook for the HBAR token is bullish, with the next price to watch being at $0.098, its highest point in February last year.

This article does not provide investment, financial, legal, tax or accounting advice.

Source : Bankless Times / Jan 2, 2024

rayn.finance logo


240 rue Evariste Galois,

06410 Biot,

Sophia Antipolis

Automata Pay

65-66 Warwick House 4th

Floor, Queen Street, London

England, EC4R 1EB

Automata Pay Europe Ltd

3rd Floor Ormond Building,

31-36 Ormond Quay Upper,

Dublin 7, D07 Ee37

Automata ICO Ltd

Italian Branch

Via Archimede, 161,

00197 Roma


The purchase of digital assets is subject to a high market risk and price volatility. Changes in value can be significant and occur rapidly and without warning. Past performance is not a reliable indicator of future performance. The value of an investment and returns can fluctuate both up and down, and you may not recover the amount you invested. RISK WARNING

Automata ICO Limited has a branch in Italy with its registered office at Via Archimede, 161, Roma, Italy, and registered in Italy under number 96550860587 with the Organismo Agenti e Mediatori (OAM) as a Virtual Asset Service Provider (VASP).

Automata France SAS is a company registered in France with the company number 902 498 617. Automata FRANCE SAS is registered with the french Financial Market Authority, l’Autorité des marchés financiers (“AMF”), as a provider of Virtual Asset Service Provider under number E2023-087.

Automata Pay Europe Limited is a partner of Modulr Finance B.V., a company registered in the Netherlands with company number 81852401, which is authorised and regulated by the Dutch Central Bank (DNB) as an Electronic Money Institution (Firm Reference Number: R182870) for the issuance of electronic money and payment services. Your account and related payment services are provided by Modulr Finance B.V. Your funds will be held in one or more segregated accounts and safeguarded in line with the Financial Supervision Act.