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<p>Amid the ongoing cryptocurrency market volatility, the Hedera-powered HBAR token has caught the attention of analyst Egrag Crypto, who believes it could outperform even the surge witnessed by Cardano (ADA) during the previous market cycle.</p>
<h2 class="wp-block-heading" id="strong-outshining-cardano-s-gains-strong"><strong>Outshining Cardano’s Gains</strong></h2>
<p>In a <a href="https://x.com/egragcrypto/status/1777981690951929966" target="_blank" rel="noopener noreferrer nofollow">tweet</a>, Egrag Crypto highlighted the potential for HBAR to deliver extraordinary returns, stating, “#HBAR Potential for 30X Minimal!!! #ADA surged 17,000% last cycle, but I believe #HBAR, powered by #Hedera, could outperform.”</p>
<p>While Cardano’s <a class="wpil_keyword_link" href="https://captainaltcoin.com/cardano-ada-price-prediction/" title="ADA" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">ADA</a> token experienced a 17,000% increase during the last bull market, the analyst envisions even greater upside potential for HBAR, backed by the robust infrastructure and capabilities of the Hedera network.</p>
<figure class="wp-block-image"><img loading="lazy" decoding="async" width="1600" height="698" src="https://captainaltcoin.com/wp-content/uploads/2024/04/image-511.png" alt="" class="wp-image-472217" srcset="https://captainaltcoin.com/wp-content/uploads/2024/04/image-511.png 1600w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-511-300x131.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-511-1024x447.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-511-768x335.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-511-1536x670.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-511-2048x893.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-511-344x150.png 344w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-511-100x44.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-511-802x350.png 802w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-511-788x343.png 788w" sizes="(max-width: 1600px) 100vw, 1600px">
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<h2 class="wp-block-heading" id="strong-hedera-s-governing-council-and-advanced-technology-strong"><strong>Hedera’s Governing Council and Advanced Technology</strong></h2>
<p>Egrag Crypto highlighted Hedera’s “massive Governing Council” and its support for “advanced technology for seamless tokenization, offering unmatched performance, security, and compliance” as key factors underpinning HBAR’s potential.</p>
<p>The Hedera Governing Council, comprising leading organizations from various industries, lends credibility and oversight to the network’s operations, ensuring transparency and accountability.</p>
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<h2 class="wp-block-heading" id="strong-technical-analysis-and-profit-taking-targets-strong"><strong>Technical Analysis and Profit-Taking Targets</strong></h2>
<p>From a technical perspective, Egrag Crypto noted that HBAR is currently consolidating above the Fibonacci 0.382 level, indicating potential for a move towards the 0.702 level, or approximately $0.25.</p>
<p>Moreover, the analyst identified major profit-taking levels at HBAR’s all-time high (ATH) and Fibonacci levels of 1.272, 1.414, and 1.615, suggesting substantial upside potential if these targets are reached.</p>
<h2 class="wp-block-heading" id="strong-promising-fundamentals-and-technical-setup-strong"><strong>Promising Fundamentals and Technical Setup</strong></h2>
<p>Furthermore, combining HBAR’s promising fundamentals and favorable technical setup, Egrag Crypto expressed confidence in the token’s prospects, declaring, “With promising fundamentals and technical, a 30X increase is plausible, making #HBAR my major macro play.”</p>
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<p>The analyst’s bullish outlook on HBAR is further reinforced by the call to action, “#Hbarbarians Get Ready For Barbaric Moves,” rallying the HBAR community to prepare for potentially significant price movements.</p>
<h2 class="wp-block-heading" id="strong-current-hbar-price-strong"><strong>Current HBAR Price</strong></h2>
<p>Additionally according to the latest data from CoinGecko, the price of HBAR is currently hovering around <a href="https://www.coingecko.com/en/coins/hedera" target="_blank" rel="noopener noreferrer nofollow">$0.1008</a>, representing a dip of 4.08% over the past 24 hours.</p>
<p>As the crypto market shiftst, the Hedera-powered HBAR token has emerged as a compelling opportunity in the eyes of analyst Egrag Crypto, who envisions its potential to surpass even the gains witnessed by Cardano during the previous market cycle.</p>
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<p>The post <a href="https://captainaltcoin.com/analyst-touts-hederas-hbar-potential-30x-move-similar-to-cardanos-ada-17000-last-cycle-heres-his-outlook/" rel="noopener noreferrer nofollow">Analyst Touts Hedera’s (HBAR) Potential 30X Move Similar to Cardano’s (ADA) “17,000% last cycle” – Here’s His Outlook</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Analyst Touts Hedera’s (HBAR) Potential 30X Move Similar to Cardano’s (ADA) “17,000% last cycle” – Here’s His Outlook

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