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Crypto Writer
Arslan Butt
Crypto Writer
Arslan Butt
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Hedera (HBAR) is riding a wave of bullish momentum, surging 10.9% in the last 24 hours and reaching a high of $0.262 before settling around $0.2477. Weekly gains now exceed 15%, with a 55% spike in trading volume, signaling increased market participation.
On-chain data also shows a net positive flow of $7.68 million, highlighting strong buying interest.
At the time of writing, HBAR ranks 11th by market capitalization at $10.3 billion, supported by a 6.89% daily increase.
The latest rally follows a broader crypto market uptrend, as investors assess Bitcoin’s stability near $86K, ETF movements, and upcoming U.S. crypto regulations.
Snoop Dogg’s Tune.fm Partnership Fuels HBAR Demand
Snoop Dogg is making waves in blockchain music streaming through a high-profile partnership with Tune.fm, a decentralized platform built on the Hedera network.
His decision to release exclusive music on the platform highlights Tune.fm’s unique value proposition: higher revenue for artists compared to traditional streaming giants.
Investor enthusiasm spiked following the announcement, leading to a 222% price surge in Tune.fm’s JAM token and renewed interest in the Hedera ecosystem.
The rapper has been vocal about Spotify’s unfair payout system, revealing he earned less than $45,000 from a billion streams. Tune.fm aims to solve this issue with instant crypto payments, ensuring artists are compensated based on actual streaming time—a model that offers 100x higher revenue than legacy platforms.
- Snoop Dogg joins Tune.fm, fueling Hedera’s music adoption.
- JAM token skyrockets 222% after the announcement.
- Snoop ditches Spotify over low payouts, choosing Tune.fm’s crypto model.
With Snoop’s backing, Tune.fm is gaining mainstream attention, reinforcing HBAR’s potential beyond finance and into entertainment and creator economies. This adoption strengthens Hedera’s long-term outlook, attracting more projects and institutional interest.
HBAR Price Analysis: Bulls Test Key Resistance
HBAR is currently testing resistance at $0.2629, aligning with a descending trendline and the Fibonacci 0.382 retracement level ($0.2636). A breakout above this level could propel HBAR toward $0.3161 and $0.3542.
- 50-day EMA at $0.2442 has turned into support, suggesting a shift in momentum.
- Rejection at $0.2629 could lead to a pullback toward $0.2211 (Fibonacci 0.5 level) or $0.1787 (0.618 level).
- A daily close above $0.2636 could reinforce a bullish continuation.
For now, HBAR remains in a breakout zone, with rising volume and increasing on-chain inflows. Investors are closely watching macro trends and market sentiment to gauge whether this momentum will hold.
Best Wallet Token ($BEST): Advanced Crypto Management & High-Yield Staking
Best Wallet Token ($BEST) powers Best Wallet, an advanced digital asset management platform designed for seamless crypto trading and staking. Available on Google Play and the App Store, Best Wallet offers secure storage, real-time investment insights, and integrated staking, making it a top choice for both beginners and seasoned investors.
What Makes Best Wallet Stand Out?
- Early Access to New Crypto Projects – Users can invest in emerging tokens before they become widely available, maximizing potential returns.
- Next-Level Security – Built on Fireblocks’ MPC-CMP security framework, ensuring safe transactions and portfolio management.
- Extensive Crypto Support – Over 1,000 cryptocurrencies are supported, offering a seamless experience for diverse portfolios.
- Latest Update (v2.4.5): Users can now claim tokens directly within the app, eliminating the need for third-party platforms.
Why Investors Are Bullish on $BEST
- High-Yield Staking Rewards – Earn up to 150% APY on staked $BEST.
- Strong Community Confidence – Over 176.8 million $BEST tokens staked, reflecting robust investor trust.
- Growing Demand – $10.66 million raised, with increasing interest ahead of the next price increase.
With high staking rewards, strong backing, and advanced technology, $BEST is positioned as one of the most promising utility tokens in the industry.
