- Top analysts say Hedera has what it takes to capture 5-10% of the global stock market.
- The protocol has strong industry backing and technology to drive its economic value upward.
Hedera Hashgraph and its native digital asset, HBAR, are making waves in the crypto market. With an ambitious $5 trillion market capitalization target, Hedera aims to capture a sizable portion of the global stock and derivatives markets.
Analyst Targets $100 For HBAR
A market analyst with the username @BlockAxis on social media platform X thinks HBAR could hit $100. BlockAxis disclosed that this bold prediction is based on market capitalization, math, and real-world utility.
According to the analyst, HBAR would require a market capitalization of about $5 trillion to hit $100. Analyzing how HBAR will reach this bold target, BlockAxis considered factoid in the size of the global stock market, derivatives market, and payment.
🌐 COULD $HBAR HIT $100? THE CASE FOR AN INSANE RUN-UP
The crypto space is finally waking up to what Hedera Hashgraph and $HBAR bring to the table. But can $HBAR realistically hit $100? We think so—and here’s how it’s entirely feasible based on math, market cap, and real-world… pic.twitter.com/zGtCN2EmU0
— Block Axis (@BlockAxis) December 8, 2024
The analyst noted that Hedera’s potential is driven by the global stock market, valued at approximately $110 trillion, and the much larger derivatives markets. The analyst added that Hedera’s mission to become the decentralized network for tokenized economies positions it to capture a large share of these markets.
He thinks Hedera’s focus on real-world applications like tokenized assets, supply chain management, and Decentralized Finance (DeFi) can drive substantial demand for HBAR. For instance, Hedera will see a network value of $1.5 trillion if it captures 0.5% of the $300 trillion global tokenized real estate market. Also, Hedera’s ultra-low fees and energy efficiency make it perfect for global payments and lending.
Additionally, Hedera, unlike memecoins, has blue-chip credibility. As mentioned in a CNF report, Hedera’s governing council consists of 32 financial institutions, including IBM, Google, Dell, Boeing, and Deutsche Telekom. BlockAxis believes the support industry giants, including Google, IBM, LG, and Boeing, add credibility to the Hedera Network and HBAR.
Hedera’s ability to capture even a slice of the industries represented by its council members could lead to massive demand for HBAR. For instance, Boeing and LG alone have a combined economic value of trillions. Tokenizing sections of these ecosystems would increase adoption.
Hedera Must Focus on Ecosystem Expansion
To hit the $100 target, Hedera must focus on expanding its ecosystem and attracting developers and businesses to build on its platform. An important aspect of this expansion includes enhancing scalability to ensure the network can manage increased transaction volumes.
BlockAxis highlighted that Hedera can handle billions of daily transactions at 10,000 TPS. He pointed out that adoption on this scale, even at $0.001 per transaction, will result in enormous demand for HBAR. While a $100 price target may seem ambitious, Hedera’s strong fundamentals, innovative technology, and institutional backing make it a compelling investment opportunity.
Analysts project Web3 and tokenized economies to hit a 10x that value by 2030. With Hedera leading the charge, HBAR could reach $10 and a market capitalization of around $500 billion. Finally, HBAR will hit $100 upon Hedera grabbing 5-10% of tokenized global assets. BlockAxis claims this is highly achievable as industries migrate to Web3.
As of this writing, the HBAR price was $0.2919, down 4.09% in the last 24 hours. Nevertheless, it has increased by over 416% in the last 30 days.
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