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Can Hedera’s NFT growth have HBAR proving its mettle in the crypto market

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Will HBAR continue to show growth? As per a recent development, one of Hedera's blue chip NFTs showed massive growth in terms of volume. However, despite the growth, the network still wasn't strong enough to compete with other major players. With a growing weighted sentiment and a declining dev activity, there are multiple factors to look into when considering HBAR's growth.

, there was trouble. HBAR’s NFTs failed to compete with other blockchains in terms of their NFT growth.still didn’t qualify as a strong competitor for other NFT collections. On the contrary, HBAR’s NFT collection had a long way to go before it could compete with major players in the market.Moreover, there were other positives that could be considered as well. Hedera’s volume grew significantly over the past week.

Along with its volume, HBAR’s market cap continued to grow as well. However, Hedera’s development activity continued to decline during the same period, which could play against the growing numbers.

 

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