HBAR became one of Thursday’s top-performing cryptocurrencies, gaining 8% after major announcements.
By Parth Dubey
Editor Hamza Tariq
Updated
3 mins read
Hedera Hashgraph HBAR $0.25 24h volatility: 4.9% Market cap: $10.80 B Vol. 24h: $700.32 M has become the top crypto performer on Thursday with an 8% daily rally. At the time of writing, the cryptocurrency is trading around $0.275 with a market capitalization of $11.75 billion.
The sudden surge follows a series of major developments for the network. The Hedera Foundation recently revealed that AUDD, the Australian Dollar-backed stablecoin issued on the Hedera network, has been chosen to be used in the Reserve Bank of Australia’s “Project Acacia.”
AUDD, the Australian Digital Dollar stablecoin on @Hedera, selected by Hedera Council member AP+ to be used in @RBAInfo’s “Project Acacia” 🇦🇺 https://t.co/Eq4X0RMhSl pic.twitter.com/Icec1FC8ws
— Hedera Foundation (@HederaFndn) July 31, 2025
The project has also been rumored to be mentioned in a recent White House Crypto Policy report.
HEDERA $HBAR MENTIONED IN WHITE HOUSE CRYPTO POLICY REPORT
— The Wolf Of All Streets (@scottmelker) July 30, 2025
HBAR’s momentum has also been driven by a recent listing on Robinhood on July 25. The token’s 24-hour trading volume surged over 50% today, reaching $648 million, indicating growing liquidity and strong investor interest.
The token’s strong fundamentals along with ETF filings, AI partnerships, and native stablecoin activity positions it as a top penny crypto with 1000x potential. It is currently one of the few large-cap cryptocurrencies within 50% of its previous December highs, according to OCT Trades.
The price surge after the Robinhood listing has definitely helped the price structure.
✅ Double bottom last month
✅ Another higher high , higher low structure
✅ Price target still not reached ( $0.32 )As Altcoins gain momentum again, $HBAR is set to hit… pic.twitter.com/SIgPqEVecL
— OCT Trades (@oct_trades) July 31, 2025
On the daily chart, HBAR appears to be forming a bullish flag pattern on the daily chart, suggesting the potential for continued upward movement. In the past month, the cryptocurrency has seen a 85% surge in its price, gaining more than $5.5 billion in market cap.
The RSI is currently pointing to strong buying pressure, though it remains below overbought territory. A crossover above the RSI’s 14-day average at 67.31 could reignite momentum.
HBAR Price chart with RSI and Bollinger Bands | Source: Trading View
Meanwhile, the Bollinger Bands are expanding with the price reclaiming the middle band (20-day SMA) at $0.257, acting as near-term support. If the bullish structure holds, resistance lies at $0.30, with a bolder target at $0.45.
OCT Trades has placed a near-term target of $0.32. According to their analysis, Hedera could be gearing up for a major breakout in the second half of 2025 if momentum continues.
As HBAR grabs market attention, momentum is also building around Snorter Bot ($SNORT), a Telegram-native crypto assistant that blends meme coin hype with practical on-chain trading capabilities.
Snorter Bot empowers users to identify new tokens, execute swaps, and manage wallets directly within the Telegram app. Initially optimized for the Solana SOL $172.1 24h volatility: 4.4% Market cap: $92.61 B Vol. 24h: $6.84 B network due to its lightning-fast speeds and low transaction costs, the project will soon expand to other EVM-compatible networks.
The $SNORT token powers Snorter’s platform, offering access to exclusive tools and premium features. With a 500 million token cap, it aims to simplify advanced DeFi trading, especially for meme coins.
Built on Solana, Snorter delivers fast execution, secure swaps, wallet creation, and pre-trade validation to reduce risks like frontrunning, all in an easy-to-use app.
Presale Snapshot:
Snorter is positioning itself as a go-to platform for traders who value both ease of use and advanced performance.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.
