Hedera coin (HBAR) was among the top-performing assets last year as it surged nearly 850% between November to January. It went from a low of $0.04 before Trump’s victory to a high of $0.37 when he took oath. It deleted a zero with ease and investors who accumulated the token early made massive profits in a short time. However, its price slipped south in February as the broader market faced corrections.
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HBAR is now trading at the $0.19 mark on Tuesday and is attracting bearish sentiments. It is down close to 7% in the day’s trade and showing no signs of a bullish trajectory. Can Hedera coin dust itself from the fall and begin to steadily climb up in the indices? In this article, we will highlight a mid-March price prediction for HBAR.
HBAR: Hedera Coin Price Prediction Mid-March
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Leading on-chain metrics and price prediction firm CoinCodex remains bullish on Hedera coin’s prospects. According to the price prediction, HBAR could dust itself from the fall and scale up in the charts. The latest price prediction indicates that Hedera coin could surge double-digits mid-March and deliver good returns to investors.
The forecast estimates that HBAR could hit a high of $0.24 in mid-March, which is a spike of 5 Cents from its current price of $0.19. That’s an uptick and a return on investment (ROI) of approximately 28%. Therefore, an investment of $1,000 could turn into $1,280 next week if the forecast is accurate.
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Its market cap touched the $10 billion mark in January this year but is now at the $8 billion level. A rebound in price could make its market cap climb above the $10 billion mark next. Read here for a realistic price prediction on when Hedera coin could reach the $1 milestone. When that happens, present-day investors could make stellar profits, swelling their portfolios to bigger numbers.