Hedera price prediction as HBAR rockets over 25% in a week

In an electrifying display of market momentum, Hedera (HBAR) cryptocurrency briefly surged by an impressive 25% over the past week. The climb has triggered a wave of attention within the cryptocurrency landscape, as enthusiasts and investors closely monitor HBAR's exceptional ascent.

Timeline of Hedera

The Fed has incorporated Dropp, a Hedera-based micropayments platform using DLT technology, into its recently launched FedNow service. FedNow connects financial institutions, businesses, and service providers to bolster digital payments infrastructure.

The Hedera Hashgraph network-based micropayments platform Dropp has been included in the list of “service provider showcase” on the Federal Reserve's FedNow payment service website.

HBAR has soared with momentum after the US Federal Reserve adopted the Hedera Hashgraph-based Dropp micropayments platform. According to the announcement, Dropp is now on the list of service providers on Fed's FedNow instant payment system.

In recent months, Hedera Coin (HBAR) has captured the attention of crypto enthusiasts embarking on a remarkable upward trajectory amid growing uncertainty in the market. This captivating rally has been supported by a robust rising wedge pattern that has a strict influence on market participants.

The US Federal Reserve (Fed) has integrated Dropp into FedNow payment rails to enable faster micropayments and non-fungible token (NFT) trades. Built on Hedera Hashgraph, Dropp supports USD, USDC, and HBAR transfers.

The Federal Reserve FedNow payment system has enabled support for Dropp, a micropayment platform based on Hedera (HBAR) Network, according to available information on its website. What is Dropp?

The US Federal Reserve's instant payments system FedNow has added Dropp micropayments platform, build on Hedera Hashgraph, to the list of service providers. Hedera (HBAR) price skyrockets 15% within hours as a result of FedNow now supporting Dropp, which enables micropayments in HBAR, USD, and USDC.

Hedera popularly known as HBAR, has lately been drawing attention in the world of cryptocurrencies. An influencer from the crypto-sphere recently asserted that this digital currency is poised to cement its position among the top 10 in the industry.

Hedera (HBAR), currently ranked as the 31st cryptocurrency asset in terms of market capitalization, has recently witnessed a remarkable surge in its price, captivating the attention of investors and enthusiasts alike. A surge in an asset's social engagement often serves as a precursor to a rally in its price.

Hedera Hashgraph's native cryptocurrency, HBAR, is shining following the slight boost in the crypto market today, August 8. Hedera briefly broke through the one-month-long $0.5 resistance, climbing above $0.6, while top coins like Bitcoin bleed with losses.