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10 Reasons the Hedera (HBAR) Price Will Explode

Temitope Olatunji

November 2, 2024

The price of Hedera has not had much action lately with a 30% decline in the last 30 days. However, a YouTube analyst from Cheeky Crypto has expressed some hopes for the crypto’s price. The analyst pointed out 10 reasons why HBAR price will still explode.

• Clinical Trials
  • Data sharing is crucial for effective medical research but is often hampered by inefficiencies and security issues. Hedera’s smart contracts facilitate secure and seamless data sharing, helping authenticate data and enabling more efficient clinical trials.

Read Also: Top Analyst Explains Why Buying Kaspa (KAS) is Better Than Solana (SOL)

• Music Industry
  • Emerging artists struggle with delayed payments and unfair compensation. Hedera’s technology, as seen in the tokenized music economy on Tune.FM, allows instant royalty payments and the ability for artists to mint NFTs, making the music ecosystem fairer for creators.
• Supply Chain Management
  • Supply chains, often complex and requiring constant oversight, can utilize Hedera’s smart contracts to automate processes and reduce human error. For example, Data Hash leverages Hedera to trace wine authenticity, reducing fraud and enhancing trust.

• Property Ownership
  • Hedera enables fractional real estate ownership, which lowers barriers to entry by allowing individuals to invest in real estate in smaller portions, potentially democratizing property investment.
• Mortgage Industry
  • With smart contracts, Hedera can streamline the mortgage process by removing intermediaries and enabling direct agreements, reducing costs, and simplifying the transaction process.
• Retail Sector
  • Retailers face administrative challenges that slow down operations. Hedera’s blockchain identifiers streamline inventory and payment processes, bringing visibility and efficiency to the sector.

• Digital Identity
  • Hedera supports secure digital identity management through smart contracts, allowing for controlled data sharing and enhancing privacy without exposing sensitive information.
• Financial Data Management
  • Accurate financial data is essential for businesses but often costly to manage. Hedera’s smart contracts can automate financial rule execution, minimizing the need for manual audits and improving financial workflows.

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• Voting Systems
  • Hedera can enhance voting security with ledger-protected, encrypted votes, potentially increasing turnout by making voting accessible online, and supporting more robust democratic processes.
• Insurance Industry
• Insurance claims are often slow and cumbersome. Hedera’s smart contracts can automate claim processes, reduce costs, and provide faster payouts, leading to a more customer-centric insurance sector.

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Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.

We recommend eToro

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more

Visit eToro Now

Active user community and social features like news feeds, chats for specific coins available for trading.
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.