TV maker LG Electronics launches NFT platform with Hedera

LG Electronics, the Seoul-based television company, launched a new NFT platform with the help of the Hedera blockchain. The post TV maker LG Electronics launches NFT platform with Hedera appeared first on The Block.

Timeline of Hedera-hashgraph

The seven consecutive red candles from the last swing high resistance of $0.0842 register a 22.5% loss. However, the Hedera (HBAR) losing streak halted at the local support of the $0.064 mark.

Conventional blockchain technologies are often surrounded by controversies pertaining to their performance, security, governance, and energy in-efficient protocols. This often leaves investors confused about the best option they can invest in.

With the prolonged uptrend continuation in a rising channel, the HBAR prices skyrocket above the $0.080 mark. Furthermore, the reversal rally jumps 48% in the last five weeks resulting in the break out of the 50-day EMA.

Roughly two months ago, we explored HBAR's price action which was in the process of forming a cup and handle pattern. Fast forward to the present and that pattern has become more defined and seems to have reached its mid-point.

The ongoing rally with increasing volume activity indicates sustained recovery in Hedera (HBAR) price. In addition, this run-up breached the $0.075 neckline resistance of the inverted head and shoulder pattern, offering further growth opportunities for coin holders.

Hedera's native cryptocurrency HBAR has finally found a new price floor after a bearish performance that has gone on for months. It bottomed out near the $0.060 price level in June and retested the same support line in the first week of July.

Hedera (HBAR) has seen its market value drop from almost $7bn to $1.5bn in the recent crypto market crash. Despite the move downwards in price the project has interest from some of the biggest companies in the world.

Investors looking for the right coins to buy after the recent bear market should consider Hedera (HBAR) and Stellar Lumens (XLM). Both projects have got the backing of corporate giants in the technology and payments world and that could be a launchpad for future partnerships.

There are a growing number of cryptocurrencies on the market, and it can be difficult to decide which ones to buy into. This article looks at three promising coins to buy into Parody Coin (PARO), Solana (SOL) and Hedera (HBAR).

Hedera Hashgraph (CRYPTO: HBAR) has given a grant for the P2E racing game Meta Wizards to be built on its network. What Happened: On June 17, Hedera Hashgraph gave a grant to Meta Wizards, and in return, the company will be building the P2E racing game upon Hedera's network.