- native cipher Hedera’s HBAR has increased productivity in the past week. However, the network had many functions.
- Further boosting the HBAR price is that the quality NFTs have also gained some in the last few days.
Hungry Baboons is one of Hedera’s top performances NFTs, as of yesterday, surpassed the 10 million mark in terms of volume for the past two weeks. This post was retweeted by the NFT Collection’s official Twitter handle.
One of the factors behind this rise is Hedera’s increasing social mentions and occupancy. According to social media research firm LunarCrush, he saw a 16% increase in the number of his mentions on social media over the past week. Additionally, social occupancy increased by 19.7% for him over the above period.
Not only that, but the admiration for Hedera is growing. this is, cipher The HBAR community was productive.
But after the success of some blue chip NFTs and the growing positivity for Hedera, there was a problem.of NFTs HBAR failed to beat other blockchains in terms of NFT growth.
ups and downs
Hedera does not offer strong competition from other NFT stocks.Instead of this, HBAR’s NFTs Collections need to be covered before they give the key players in the market stiff competition.
In addition, there were many points that could be evaluated productively. Platform volume has increased significantly over the last week. Platform volume went from 20 million to 35 million in a matter of days.
The market capitalization of the platform has also increased significantly. However, the company’s consolidation efforts may continue to collapse during the same period, running counter to the increasing amounts.
The disruption of development activity between Hedera’s mirror node issues can be perceived as problematic. However, the mirror node issue was resolved on his 27th October.
At press time, HBAR is trading at $0.605 and has grown 2.70% over the past day, according to CoinMarketCap. However, that volume dropped by 18.15% in that very span. Market capitalization has also increased by 3.07%, with HBAR acquiring about 0.16% of the total at the time of writing. cipher market.