HBAR price jumps 75% as BlackRock tokenizes Money Market Fund on Hedera

Archax, Ownera and The HBAR Foundation have enabled the first tokenization of BlackRock’s money market fund on Hedera . Last year Hedera Council member abrdn’s successfully tokenized its MMFs on Hedera . HAR price has exploded 75% to $0.1646, levels last seen in April 2022. Hedera Hashgraph price has skyrocketed on the back of a key fundamental in the ecosystem, Real World Assets .

-day chart On the other hand, if profit-booking sets in, the altcoin’s price could drop. A huge seller cohort is anticipated around the $0.1096 price level where there is a spike in white-shaded volume profiles. A move below the 21-day Smooth Moving Average at $0.1038 would invalidate the bullish thesis. This could send HBAR price spiraling to findanother strong support base around the $0.0815 level.

Source: News Formal (newsformal.com)

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