I Just Bought 50,000 HBAR Because Of This... (TIME-SENSITIVE)

No Bs Crypto
8 Mar 202418:31

TLDRThe video discusses the potential of Hedera Hashgraph (HBAR), highlighting its steady growth and recent developments. The speaker, who has invested in HBAR, emphasizes the project's strong fundamentals and compares it to Cardano's past performance. They mention the project's focus on web 3 growth, partnerships, and the increasing interest in its ecosystem, suggesting that HBAR is undervalued and poised for significant growth. The video also touches on the importance of social sentiment and the project's marketing efforts, as well as the potential impact of reaching a larger audience and gaining more governing council members.

Takeaways

  • 📈 Hedera (HB) is approaching a significant price milestone, potentially reaching 20 cents.
  • 🚀 The speaker has increased their HB position, purchasing an additional 55,000 tokens despite previous intentions not to.
  • 💹 HB's steady growth is preferred over volatile projects that experience rapid gains followed by sharp declines.
  • 🔮 Technical analyst Credible predicts HB could reach $2 to $5 during the bull run, aligning with the speaker's confidence in HB's potential.
  • 🌐 HB's social media presence and community engagement indicate strong potential for future growth.
  • 🔗 HB's partnerships, such as with Pith Network and Neo Tokyo, are seen as bullish moves that could drive adoption and development.
  • 🚀 The speaker believes HB is undervalued compared to its market cap and social media interactions.
  • 📊 HB's focus on Web 3 growth and marketing is crucial for its future success, as utility alone is not sufficient for high multiples.
  • 🎮 The gaming sector is a key area of focus for HB, with initiatives like the partnership with Droper and the grant funding round.
  • 🌟 The addition of Bitgo as a governing council member and the potential for full decentralization are seen as positive developments for HB.
  • 📝 The speaker emphasizes the importance of looking beyond short-term price movements and considering the long-term potential of projects like HB.

Q & A

  • What is the current market cap of Hedera (HBAR) mentioned in the script?

    -The current market cap of Hedera (HBAR) mentioned in the script is 4.4 billion.

  • What is the speaker's personal prediction for HBAR's price during the bull run?

    -The speaker predicts that HBAR could reach $2 to $5 during the bull run.

  • How does the speaker compare HBAR to Cardano in terms of growth potential?

    -The speaker compares HBAR to Cardano by noting that both have the potential for significant growth, similar to Cardano's unprecedented rise from a few billion to a 100 billion market cap in the last bull run.

  • What is the significance of HBAR's partnership with Pith Network?

    -The partnership with Pith Network, an oracle service, is significant because it brings over 400 price feeds to HBAR, enhancing the utility and potential for developers to build applications on the platform.

  • What is the role of Ubisoft as a governing council member of Hedera?

    -Ubisoft, as a governing council member, will identify promising projects and startups, providing them with economic investment and developer support to assist in their success.

  • How does the speaker view the importance of social sentiment in the growth of a crypto project?

    -The speaker views social sentiment as crucial for a project's growth, as it indicates future potential and the ability to attract attention and investment when significant events or announcements occur.

  • What is the speaker's stance on HBAR's recent token release and market reaction?

    -The speaker believes the token release is bullish, as it indicates HBAR's commitment to ecosystem growth and is a strategic move to prepare for the upcoming bull run.

  • What is the significance of the addition of BitGo as a governing council member of Hedera?

    -BitGo's addition is significant because it represents a crypto-focused enterprise joining the governing council, which could lead to increased security and trust in the Hedera network.

  • What is the potential impact of the partnership between Hedera and M, the multinational food company?

    -The partnership with M could bring a significant corporate presence and brand recognition to the Hedera network, potentially attracting more users and developers to the platform.

  • What does the speaker suggest about the future of Hedera's governance model?

    -The speaker suggests that Hedera is nearing the maximum number of governing council members and that the next step could be moving towards full decentralization, which could include community-run permissionless nodes.

Outlines

00:00

📈 Hedera Hashgraph (HBAR) Investment Analysis

The speaker discusses the potential of Hedera Hashgraph (HBAR) and the importance of investing before it reaches 20 cents. They share their personal investment in HBAR and compare its steady growth to the rapid gains of other cryptocurrencies. The speaker emphasizes the stability and potential for a 'Cardano-level event' for HBAR, predicting a significant increase in market cap and price.

05:00

🌐 HBAR's Social Sentiment and Market Cap Analysis

The speaker analyzes HBAR's social standing and daily interactions compared to its market cap, suggesting that HBAR might be undervalued. They mention HBAR's focus on web 3 growth and marketing, and how the release of additional tokens is a sign of the project's confidence in a coming bull run. The speaker also highlights HBAR's partnerships and developments, such as the collaboration with Pith Network and the gaming sector, as bullish factors.

10:02

🚀 HBAR's Ecosystem Growth and Partnerships

The speaker discusses HBAR's ecosystem growth, mentioning the release of $400 million worth of tokens and the subsequent partnerships with Pith Network and gaming projects like Neo Tokyo. They explain how these moves are part of a strategy to attract developers and users, which is essential for the growth of a layer one project. The speaker also mentions the recent addition of BitGo as a governing council member and the potential for more partnerships and community growth.

15:03

🌟 HBAR's Future Outlook and Community Engagement

The speaker concludes by emphasizing the importance of looking at the bigger picture and the future potential of HBAR. They mention the addition of BitGo and multinational food company M as governing council members, which signals the project's maturity and global reach. The speaker also talks about the upcoming possibilities for HBAR, including the expansion of the governing council and the potential for full decentralization, which could lead to further price increases.

Mindmap

Keywords

💡Hedera Hashgraph (HB)

Hedera Hashgraph is a distributed ledger technology (DLT) platform designed for enterprise-grade applications. It is mentioned in the video as a project with potential for significant growth. The speaker discusses the possibility of HB reaching a market cap of $100 billion, drawing comparisons to Cardano's previous growth pattern.

💡Market Cap

Market Cap refers to the total value of all the coins in circulation for a particular cryptocurrency. In the context of the video, the speaker uses market cap to discuss the potential growth of HB and compares it to other projects like Cardano. The current market cap of HB is mentioned as $4.4 billion, with predictions of reaching $100 billion or more.

💡Altcoin Season

Altcoin Season is a term used in the cryptocurrency market to describe a period when altcoins (cryptocurrencies other than Bitcoin) experience a surge in price and trading volume. The video suggests that HB could benefit from an upcoming altcoin season, which would likely lead to increased investor interest and price growth.

💡Technical Analysis (TA)

Technical Analysis is a trading discipline used to evaluate investments and identify trading opportunities by analyzing statistical trends gathered from trading activity, such as price movement and volume. The video mentions a technical analyst's prediction for HB's price to reach $2 to $5 during a bull run, indicating a bullish outlook.

💡Social Sentiment

Social Sentiment refers to the overall attitude or feeling of a community towards a particular subject, in this case, a cryptocurrency project. The video highlights the importance of strong social sentiment for a project's future growth, using HB's daily interactions as an indicator of its potential for success.

💡Tokenomics

Tokenomics is the study of the economics of a cryptocurrency, including its supply, distribution, and utility. The video discusses the fallacy behind crypto tokenomics inflation investing and how it relates to the perceived value and growth potential of HB tokens.

💡Oracle

An Oracle in the context of blockchain is a third-party service that provides external data to a smart contract. The video mentions HB's partnership with Pith Network, an oracle service, which is expected to enhance the platform's utility and attract more developers to build applications on Hedera.

💡Governing Council

The Governing Council of Hedera Hashgraph is a group of diverse organizations that help guide the network's development and governance. The video discusses the addition of new members like BitGo and M (Mondelez International), which signifies the growing support and legitimacy of the Hedera network.

💡DeFi (Decentralized Finance)

DeFi refers to financial services built on blockchain technology that are decentralized and operate without traditional intermediaries like banks. The video highlights the growth of DeFi projects on the Hedera network, with a significant increase in Total Value Locked (TVL), indicating a growing ecosystem.

💡Utility

In the context of cryptocurrencies, utility refers to the practical applications and uses of a token within a network. The video emphasizes HB's high transaction throughput (2,000 TPS) and its potential for mass adoption, which is crucial for the long-term success and utility of the token.

Highlights

Hedera Hashgraph (HBAR) is approaching a significant price milestone of 20 cents.

The speaker has recently purchased an additional 55,000 HBAR tokens, showing confidence in the project.

HBAR is compared to Cardano, with the potential for a 'Cardano level event', implying a significant market cap increase.

The speaker predicts HBAR could reach a market cap of $200 billion, based on historical comparisons and current growth trends.

HBAR's social media interactions suggest it may be undervalued compared to its market cap.

HBAR's focus on web 3 growth and marketing is emphasized as a key to its future success.

The release of $400 million worth of HBAR tokens is seen as a bullish move to fuel ecosystem growth.

HBAR's partnership with Pith Network, a leading oracle provider, is highlighted as a significant development.

The gaming aspect of HBAR's ecosystem is being developed, with a focus on attracting developers and users.

The addition of BitGo as a governing council member is noted, indicating a growing interest in HBAR from the crypto industry.

The potential for HBAR to reach full decentralization is discussed, which could further increase its value.

The speaker emphasizes the importance of looking beyond short-term price movements to understand a project's long-term potential.

The growth of DeFi on the Hedera network is highlighted, with a significant increase in Total Value Locked (TVL).

The speaker mentions the potential for HBAR to benefit from the upcoming bull run in the cryptocurrency market.

The importance of community building and developer support for the sustainability of a layer one project like HBAR is discussed.

The speaker shares personal investment strategies and encourages viewers to consider their own approach to investing in HBAR.

The potential impact of new partnerships and collaborations on HBAR's growth and adoption is highlighted.

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