Hedera (HBAR) Hits Self Reported Market Cap of $3.88 Billion

Hedera (HBAR) traded 1.9% lower against the U.S. dollar during the twenty-four hour period ending at 16:00 PM Eastern on May 8th. Hedera has a market cap of $3.88 billion and $80.61 million worth of Hedera was traded on exchanges in the last day. One Hedera coin can now be bought for about $0.11 or 0.00000175 BTC on popular exchanges. During the last week, Hedera has traded 6% higher against the U.S. dollar.

Here is how similar cryptocurrencies have performed during the last day:

• Avalanche (AVAX) traded 4.9% lower against the dollar and now trades at $34.45 or 0.00055450 BTC.
• NEAR Protocol (NEAR) traded 5.6% lower against the dollar and now trades at $6.94 or 0.00011162 BTC.
• Internet Computer (ICP) traded 3.9% lower against the dollar and now trades at $12.20 or 0.00019644 BTC.
• Cosmos (ATOM) traded down 0.3% against the dollar and now trades at $9.20 or 0.00014813 BTC.
• Cronos (CRO) traded 0.5% lower against the dollar and now trades at $0.13 or 0.00000205 BTC.
• Fetch.ai (FET) traded 9.4% lower against the dollar and now trades at $2.19 or 0.00003518 BTC.
• Algorand (ALGO) traded 2% lower against the dollar and now trades at $0.19 or 0.00000308 BTC.
• Akash Network (AKT) traded 7.4% lower against the dollar and now trades at $4.36 or 0.00007002 BTC.
• Kava (KAVA) traded down 0.5% against the dollar and now trades at $0.66 or 0.00001070 BTC.
• Theta Fuel (TFUEL) traded 0.8% lower against the dollar and now trades at $0.11 or 0.00000175 BTC.

Hedera Coin Profile

HBAR uses the hashing algorithm. It was first traded on August 1st, 2017. Hedera’s total supply is 50,000,000,000 coins and its circulating supply is 35,738,891,043 coins. Hedera’s official website is www.hedera.com. Hedera’s official Twitter account is @hedera and its Facebook page is accessible here. The Reddit community for Hedera is https://reddit.com/r/hedera and the currency’s Github account can be viewed here. Hedera’s official message board is hedera.com/blog.

According to CryptoCompare, “Hedera (HBAR) is a cryptocurrency launched in 2017. Hedera has a current supply of 50,000,000,000 with 35,738,891,042.86511 in circulation. The last known price of Hedera is 0.10631132 USD and is down -4.59 over the last 24 hours. It is currently trading on 261 active market(s) with $85,800,053.10 traded over the last 24 hours. More information can be found at https://www.hedera.com/.”

Buying and Selling Hedera

It is usually not presently possible to buy alternative cryptocurrencies such as Hedera directly using U.S. dollars. Investors seeking to trade Hedera should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Hedera using one of the aforementioned exchanges.

HBAR/USD price chart by TradingView