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Hedera (HBAR) Skyrockets 21% in Just One Day: Here are the Details
Hedera’s cryptocurrency, HBAR, has experienced a remarkable surge of 21% within just one day, fueled by the return of the crypto market’s Christmas rally, commonly known as the “Santa rally.” This sudden increase aligns with a broader recovery among altcoins in the market.
While no specific news directly triggered Hedera’s rise, analysts believe that this growth is mainly driven by positive market sentiment and favorable technical factors. It appears that investors are optimistic about HBAR’s potential following the U.S. Securities and Exchange Commission (SEC) not classifying it as a security. This development strengthens the likelihood of smooth approval for an HBAR exchange-traded fund (ETF).
Source: crypto-economy.com
