news 
Title: Hedera (HBAR) Gains Institutional Traction with Strong Backing from Tech Giants and Financial Sectors
Hedera’s HBAR Token Gains Mainstream Interest as Institutional Investors Take Notice
December 20, 2024 – Crypto News Flash
In a significant development, Hedera has garnered substantial institutional traction, solidifying its position in the crypto market. The project’s strong backing from tech giants and financial sectors is likely to propel its token, HBAR, into mainstream investment portfolios.
As of press time, HBAR traded at $0.2638, down 10.26% over the last 24 hours. However, it has made significant gains in the past, rising by 113% over the last 30 days and a staggering 411% over the last 90 days.
According to market forecasts, the token is expected to target $0.37 and $0.61, with some predictions hinting at a potential surge to $1.00. Analysts attribute these price targets to:
1. Growing institutional interest in HBAR
2. Prospects of ETF approval
3. Collaboration with prominent tech firms
4. Sustained development activity
Hedera’s recent recognition for tokenization innovation further validates its potential and may attract more investors. The project announced that its Asset Tokenization Studio has been nominated for the INATBA Awards 2025 in the “Most Exciting Tokenization Solution” category.
In a related move, HBAR is predicted to rise to $3 by 2025, according to reports from CNF.
Hedera’s advancements and strong institutional backing are expected to drive its token into mainstream investment portfolios.
Source: www.crypto-news-flash.com
