HomeHederaNVIDIA & Intel Fuel HBAR Adoption—Will Hedera’s Price Skyrocket?

NVIDIA & Intel Fuel HBAR Adoption—Will Hedera’s Price Skyrocket?

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  • Hedera (HBAR) is trading at $0.2002, with potential gains exceeding 144% if momentum holds.
  • NVIDIA and Intel’s collaboration with Hedera could boost AI governance and adoption, fueling price speculation.

Hedera Hashgraph (HBAR) has witnessed a price uptick of 4% over the past week, now trading at $0.2002. The recent surge comes as institutional interest in the network grows, with NVIDIA and Intel collaborating to integrate Hedera’s blockchain technology into AI governance.

This has led to increased speculation regarding the price potential of the asset, with anticipation of a sharp rally to the $0.504 level.

The recent announcement highlights Hedera’s role in AI auditing as the network’s consensus service is being leveraged to supply an immutable ledger for AI calculations.

This technology, developed in collaboration with EQTYLab, NVIDIA, and Intel, will assist in enhancing the transparency of AI workflows through hardware-based verifiable computing. The project will probably attract enterprise adoption, which could fuel further demand for HBAR tokens.

According to analyst Rose Premium Signals, HBAR is accumulating around a strong demand zone, indicating a breakout from its downtrend channel.

If this breakout occurs, HBAR can rally to major resistance levels of $0.31128, $0.38111, and $0.44817. The analyst perceives strong support in the range of $0.1600 and $0.1830, with a stop loss at $0.13284.

Source: X

HBAR Eyes $0.504 Breakout, Targets $0.962 on Bullish Momentum

The bullish forecast was shared by analyst JAVONMARKS, who places a price target of $0.504 for HBAR. In the view of the analyst, if the token can gain sufficient momentum, it can break through this level and target the $0.962 area.

Source: X

With the growing adoption of Hedera’s technology and the increasing institutional support, this scenario is plausible.

Additionally, popular YouTube analyst Cheeky Crypto compared the price action of HBAR to Bitcoin’s historical cycles, along with U.S. election year trends.

The analysis suggests that HBAR can see a major pump in Q1 2025, with potential double tops due to profit-taking in March and once more in Q3 or Q4.

The video also discusses the relationship between Bitcoin halvings and market cycles, and how the price action of HBAR could be no exception.

Previously, altcoins have witnessed explosive price action following Bitcoin’s bull runs. As the next halving of Bitcoin is scheduled to take place in 2024, the analyst opines that the crypto market can have a strong uptrend, which will lead to an enormous price appreciation for HBAR.

The Binance chart has proven to be the most reliable source to track HBAR’s previous performance, and it further makes the case for a bullish breakout.

HBAR’s Price Outlook Hinges on Market Sentiment

Going forward, HBAR’s price action will be highly dependent on market sentiment and the general trend of Bitcoin. Should Bitcoin enter a strong bull run, it could act as a catalyst for altcoins like Hedera, pushing prices higher.

In addition, institutional partnerships such as that with NVIDIA and Intel could further enhance HBAR’s standing in the AI and blockchain space, attracting more investors.

The immediate resistance levels suggest that if HBAR manages to move past the above-mentioned level, doors may open for a rally toward the $0.962 level. Profit-taking in March 2025 is possible, but past patterns forecast that another large surge may follow in Q3 or Q4.

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Mishal Ali
Mishal Ali
Mishal Ali is a passionate crypto journalist with over five years of experience in finance and cryptocurrency reporting. She has worked with renowned platforms like TronWeekly, delivering in-depth market insights and industry updates. She also runs personal blogs to explore these topics further. In her free time, Mishal loves watching movies and staying inspired through creative storytelling.
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