HBAR (Hedera Hashgraph) as Large-cap Coin is 62nd in the 2100NEWS ranking. The quality of the order book of HBAR is Poor. The average quality of the order book for large caps members of the NWSL100 index is 17.2. What is the true value criterion in the crypto world?
*Among all, the price is always at the forefront. By comparing with the index, we can gauge the price-performance with similar digital assets that are members of the index. Considering an investor’s point of view, peer comparison should be efficient and effective. We present you tokens that are worth keeping in mind.
HBAR has been launched in 19 exchanges. Hedera has a fixed supply of 50 billion coins.
Hedera Hashgraph as Large-cap Coin is 62nd in 2100NEWS ranking (after Index Review of 25th September 2020). It is an Index member: NWST1100, NWSL100, NWSCo100, NWSDM100.
2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 14.3, (Average for Large caps: 17.2)
Over the past week, the average market cap was $174.5 million, average daily volume was $7.8 million.
In this section, we will examine how the market, with price changes, evaluates project progress. It seems important to us if the project is outside of the usual tide of crypto project prices. In order to make an appropriate peer comparison, we gauged the HBAR (Hedera Hashgraph) with 2100NEWS DA Coin Index (NWSCo100). On average (violet area chart), the relationship between HBAR to NWSCo100 has shown that it was weaker over the last three months, it has underperformed the NWSCo100 by 22%. However, if we compare the HBAR green area graph with the orange index area graph while observing the correlation graph, the correlation graph gives us an explanation that the correlation is strong (Pearsons correlation coefficient = 0.71). It was moving in the same direction as the NWSCo100. So, it has been a good representative of the NWSCo100 index in terms of price changes.
*The chart below shows the HBAR compared to NWSCo100 at the top, the box in the middle of the chart shows the original HBAR price, and at the bottom of the chart we see NWSCo100 and the correlation between HBAR and NWSCo100.
This year, most of the work was devoted to upgrading the Mainnet. They set up a new cryptographic proof for the blockchain called State Proof Alpha. By using it users can now obtain a cryptographic proof that a particular transaction took place on Hedera, and what the results of executing it were. By the end of the year, they will be working on network maintenance, integration of new tools for developers and on integrations with third-party exchanges to ensure access by developers to buy and sell HBAR cryptocurrency globally. The community is also very important to them: they have 42.3K followers on Twitter.
About Hedera Hashgraph – what they do
Hedera is a public distributed ledger for building and deploying decentralized applications and microservices. You can use Hedera’s network services–Cryptocurrency, Consensus, Smart Contracts, and File Service–atop the hashgraph consensus algorithm, to build applications with high throughput, fair ordering, and low-latency consensus finality in seconds without relying on centralized infrastructure.
The network is made up of permissioned nodes run by the the Hedera Governing Council, a group of term-limited enterprises that lead the network’s direction. Over time the network will move to a permissionless model.
Hashgraph is a distributed consensus algorithm and data structure that is fast, fair, and secure. This indirectly creates a trusted community, even when members do not necessarily trust each other. Hedera is the only authorized public network to use hashgraph.
Applications and microservices that use a public ledger provide greater transparency and trust than ever before. This makes entirely new things possible, like a music streaming service paying artists directly or a disintermediated ad network that doesn’t require audits. A fairer, more secure, digital future is being decentralized on Hedera.
Hedera Hashgraph is based in Richardson, Texas, US. The core team consists of: dr. Leemon Baird (Co-founder and Chief Scientist), Mance Harmon (Co-founder and CEO), Natalie Grunfeld Furman (General Counsel), Lionel Chocron (Chief Product Officer) and Christian Hasker (Chief Marketing Officer).
Exchanges: Binance, Binance.KR, Binance.US, Bitcoin.com Exchange, Bitsonic, Bittrex, CoinDCX, CoinEx, Gate.io, HitBTC, Liquid, OKCoin, OKEx, OKEx Korea, PayBito, Rekeningku.com, Satang Pro, Upbit, VCC Exchange.
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The Crypto Highlights are considered the opinion of 2100NEWS and the material is for informational purposes only and 2100NEWS is not soliciting any action based upon such material. The material is not to be construed as an offer or a recommendation to buy or sell a security nor is it to be construed as investment advice. At the time of this article’s writing, the author did not hold any tokens HBAR.