Will Hedera (HBAR) Reach $1 or Even $10?

HBAR could potentially reach $1 if it experienced immense growth, but reaching $10 is very unlikely. With a circulating supply of 35.75 billion tokens, its market cap would be $35.75 if HBAR reaches $1 and $357.5 billion if it reaches $10. While the former is difficult but still achievable, the latter prediction is very unlikely.

In this article, we’ll explore why reaching $10 for HBAR is unlikely and how it could potentially reach $1. We’ll also dive into our short-term price prediction to see what HBAR’s growth could look like in the year 2025.

At its all-time high in September 2021, HBAR reached almost $0.57 and commanded a market cap of nearly $5 billion. Hedera offers a unique alternative to traditional blockchain technology with its distributed ledger technology known as hashgraph, but is that enough for it to reach $1 or even $10?

Will Hedera reach $10?

Hedera reaching $10 is an unlikely scenario. Our Hedera price prediction forecasts a 190% price increase from the current price in the next 12 months, meaning it would reach $0.144. While that is certainly a huge price increase, it’s virtually nothing compared to the 20,661% increase needed for HBAR to reach $10.

There is no direct comparison we can make between Hedera and another cryptocurrency to better visualize what reaching $10 would mean for HBAR. However, we can still compare it to popular cryptocurrencies like Ethereum to show why $10 per token is an unrealistic price goal for HBAR.

With a circulating supply of around 35.75 billion tokens at the time of writing, HBAR would reach a market cap of $357.5 billion if it reached the price of $10 per token. Comparing this to Ethereum’s current market cap, it would mean that HBAR’s market cap would be around 5% higher than Ethereum’s.

*Market cap calculations assume a circulating supply of 35.75 billion HBAR

Considering Ethereum is the 2nd largest cryptocurrency by market cap and general adoption, it’s hard to imagine HBAR could surpass it, especially when we consider that its Hashgraph technology hasn’t been used by any other network.

As such, HBAR reaching $10 seems very difficult. Its price would have to increase by around 206x, which is unlikely for an asset with a market cap of nearly $2 billion.

Even if Hedera is unlikely to reach $10 at its current supply, that doesn’t exclude the possibility of it reaching another goal. For example, HBAR has yet to break the $1 barrier, so what are its chances of achieving that goal? We’ll explore its chances of reaching $1, as well as its future prospects, and our HBAR short-term price prediction in the following sections of this article.

Can Hedera reach $1?

While $10 is likely an unattainable goal for HBAR, there are chances of it hitting $1. At that price, it would reach a market cap of $35.75 billion, which places it above USDC and XRP, but below giants like Solana and Binance Coin. While at first glance it's hard to imagine that HBAR’s price would surge by that much, it’s not completely impossible.

Its unique hashgraph technology offers increased speed, fairness, and lower costs compared to blockchain. Since Hedera offers a unique technology, its chances of reaching $1 are decent, considering there is no other offering quite like it.

Hedera’s future prospects

Hedera Hashgraph's future prospects for potential growth are promising, driven by its unique Hashgraph consensus mechanism that offers superior speed, security, and scalability compared to traditional blockchain solutions. With partnerships that include major corporations like Google, IBM, and LG, Hedera is positioned to be a leading choice for enterprise-level applications. Its focus on providing low-latency, high-throughput transactions, and energy efficiency makes it an attractive option for projects prioritizing sustainability and scalability.

Additionally, Hedera's ecosystem supports a broad range of applications, including decentralized finance, supply chain management, and tokenization, which broadens its use cases. The platform's governance model, managed by a council of industry-leading organizations, adds credibility and stability to its long-term outlook. If adoption continues to grow, especially in enterprise and public sector applications, Hedera has significant potential to increase its market share and value.

In September 2024 Hedera transferred all source code of the Hedera Hashgraph to the Linux Foundation, which will make it easier for developers to improve the network and implement new use cases.

Hedera price prediction for 2024 & 2025

Our price prediction algorithm forecasts a somewhat bullish year for Hedera, predicting that its price in 2025 will peak at $0.22 before trending downwards, ending the year at $0.117. While it would still be a long way from $10 or even $1, the 142% price increase is quite decent.

The bottom line

We’ve established that HBAR is unlikely to reach $10, but that doesn’t mean a goal of $1 is unattainable, considering its unique hashgraph technology. However, to reach $1, Hedera would need to see increased adoption and functionality, which may very well happen due to backing from major corporations and their recent publication of their source code, which shows Hedera is open to innovation.

Want to find the next big cryptocurrency? It may very well be covered in our article on the next cryptocurrencies to explode in value.