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Distributed ledger cryptocurrency platform Hedera (HBAR) has suffered a massive capital outflow of almost $1 billion after it turned out that news of a collaboration with semiconductor giant Nvidia (NASDAQ: NVDA) was a hoax. The false report claimed that Nvidia was exploring ways to integrate Hedera’s technology for real-time verification of artificial intelligence-generated data.  Investors reacted swiftly, pumping HBAR’s market capitalization by about $2 billion and pushing the value to approximately $6.99 billion on April 8. However, when it emerged that the news was fake, Hedera’s market cap dropped back to $6.03 billion, a loss of $960 million, before settling at around $6.31 billion at press time. HBAR one-day market cap chart. Source: CoinMarketCap The false claim was initially circulated via a LinkedIn post, which quickly raised several red flags.  For instance, the LinkedIn account behind the post had only two prior entri...

Despite the recent crash in the crypto market, hope is starting to emerge. While the market isn’t fully back on track yet, daily charts show signs of improvement, suggesting the worst might be over. February’s Bitcoin monthly returns are expected to dip by 4.25%. However, this drop isn’t unprecedented when looking at the bigger picture. Bitcoin has faced worse months in the past and bounced back stronger each time. Currently, Bitcoin holds steady around $96,000, showing its resilience. During market downturns, the challenge lies in identifying coins with strong fundamentals—those offering real utility and value. While many high-risk, high-reward tokens may look tempting, they often lack long-term viability. Coins backed by solid fundamentals tend to retain value and weather market volatility better. For those seeking tokens with potential in the remaining bull market, a few projects stand out. Hedera (HBAR) Hedera (HBAR) is a coin with strong utility and va...

Hedera (HBAR) is poised for a significant breakthrough, fueled by its groundbreaking collaboration with SpaceX to integrate blockchain technology in space. As Donald Trump’s inauguration approaches on January 20, 2025, speculation is building about the potential impact of his pro-crypto stance on HBAR’s price. Will this perfect storm of innovation and favorable market conditions propel HBAR to unprecedented heights? HBAR Key Statistics Current Price: $0.33 Market Cap: $12.9 billion Trading Volume (24h): $1.40 billion Circulating Supply: 2 billion HBAR Total Supply: 50 billion HBAR CoinMarketCap Ranking: #17 Hedera’s HBAR token has ignited a fiery rally, blazing a 24% trail over the past seven days. The cryptocurrency’s 30-day journey has been a testament to its resilience, with a 15% surge that’s cemented its position as a force to be reckoned with. As the market continues to unfold, HBAR’s upward trajectory is writing a thrilling chapter...