Why Hedera shows resilience in a declining market

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Recent reports revealed that Hyundai and Kia, two South Korean automotive manufacturers, will deploy their CO2 monitoring system on the Hedera network.

have allowed Hedera to secure the spotlight, they also underscored the network’s growth trajectory. The network maintained healthy development activity during the last four weeks. This was particularly the case in the first two weeks of August, during which development activity peaked.The mid-week market crash shaved off a substantial amount of value from most crypto projects. This includes, which tanked by as much as 32% from its $0.077 mid-week peak.

This is around the same time that most other top cryptocurrencies moved sideways due to uncertainty-induced low volatility.HBAR is still receiving a lot of social attention from investors, perhaps due to excitement from the recent development involving the two South Korean automotive manufacturers. It traded at $0.064 at press time after a 23% bounce back from the weekly lows.

 

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