HBAR price jumps 75% as BlackRock tokenizes Money Market Fund on Hedera

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Hedera News

Cryptocurrencies

Hedera Hashgraph (HBAR) price has skyrocketed on the back of a key fundamental in the ecosystem, Real World Assets (RWA).

Archax, Ownera and The HBAR Foundation have enabled the first tokenization of BlackRock’s money market fund on Hedera. Last year Hedera Council member abrdn’s successfully tokenized its MMFs on Hedera. HAR price has exploded 75% to $0.1646, levels last seen in April 2022. Hedera Hashgraph price has skyrocketed on the back of a key fundamental in the ecosystem, Real World Assets .

-day chart On the other hand, if profit-booking sets in, the altcoin’s price could drop. A huge seller cohort is anticipated around the $0.1096 price level where there is a spike in white-shaded volume profiles. A move below the 21-day Smooth Moving Average at $0.1038 would invalidate the bullish thesis. This could send HBAR price spiraling to findanother strong support base around the $0.0815 level.

 

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