Hedera (HBAR) Explodes 8%: What’s Driving the Surge?

Hedera Hashgraph HBAR $0.22 24h volatility: 1.0% Market cap: $9.53 B Vol. 24h: $245.81 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.”

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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.

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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.

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$HBAR | @hedera 📈

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

Hbar price to continue rally?

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.

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.

Snorter bot ($snort) presale picks up speed

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 $231.4 24h volatility: 2.9% Market cap: $125.98 B Vol. 24h: $9.54 B network due to its lightning-fast speeds and low transaction costs, the project will soon expand to other EVM-compatible networks.

$snort token use cases

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:

• Token Price: $0.0999
• Total Raised: $2.63 Million
• Ticker: $SNORT
• Operating Network: Solana

Snorter is positioning itself as a go-to platform for traders who value both ease of use and advanced performance.

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