Hedera Hashgraph HBAR Falls 8 Percent: What Should You Know?

Taking a look at the one-day gap on the crypto chart can show us that Hedera Hashgraph has been showing poor results. The price of the token has been decreasing during the day from $0.308389 to $0.348993, which brings up an 8% fall. For the last week, the token’s highest point was at $0.446063 with the lowest point at $0.303580. Currently, Hedera Hashgraph Market Cap Rank is #49. It has a circulating supply of 10,288,894,028 when the total supply is 50,000,000,000.

Billed as the “trust layer of the internet,” Hedera Hashgraph is a public network that allows individuals and businesses to create powerful decentralized applications. It is designed to be a fairer, more efficient system that eliminates some of the limitations that older blockchain-based platforms face — such as slow performance and instability. It was funded through an initial coin offering (ICO) in August 2018 and first launched open access to its main net just over a year later in September 2019. As part of the ICO, investors were able to purchase the platform’s native utility token (HBAR) at the lowest possible pricing.