Hedera coin surged nearly 12% on Thursday after the broader stock and cryptocurrency market boomed in value. The boom comes after US President Donald Trump announced a 90-day pause on tariffs he imposed. The markets reacted positively to the development as Bitcoin went to the $83,400 level from a low of $79,900.
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On the other hand, Dow Jones spiked nearly 3,000 points while Nasdaq Composite Index shot up close to 1,900 points. Now that the Hedera coin pumped double-digits in the charts, is this the best time to take an entry position in HBAR? In this article, we will highlight how high or low the distributed ledger cryptocurrency platform could trade by mid-April 2025.
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Hedera Coin: Should You Buy HBAR?
HBAR is down close to 37% year-to-date and is among the most badly hit cryptocurrencies in the market. It had reached a high of $0.37 on the heels of Trump’s inauguration in January and is now down at $0.16. Leading on-chain metrics and price prediction firm CoinCodex has painted a neutral picture for Hedera coin for mid-April 2025.
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According to the price prediction, the highest Hedera coin could surge in mid-April is $0.172. That’s an uptick and return on investment (ROI) of approximately 1.94% from its current price of $0.169. Therefore, an investment of $1,000 could turn close to $1,019 if the forecast turns out to be accurate.
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However, that’s the best-case scenario provided by the analytical firm but the markets on the ground level work differently. A 1.94% rise is meager and a downturn could wipe away the profits in a jiffy. In addition, fake news that Nvidia will be collaborating with Hedera coin went viral on social media but it turned out to be a hoax. The development damaged HBAR further making investors believe that the coin has no proper ground of its own.