Hedera (HBAR) is making waves in the crypto sector as it leads real-world assets (RWA) tokens recovery with a significant price surge over the last 24 hours. Currently ranking at number #18 based on coin ranking by market capitalization on Coinmarketcap, this coin showcases its immense potential.
The resilience under the shaky market conditions confirm Hedera as a key player in RWA tokenization. Furthermore, the coin ranks third amongst top RWA coins by market capitalization. HBAR also sits very close to Avalanche (AVAX) in market capitalization and a great performance could flip AVAX for second spot amongst RWA tokens.
HBAR Surges 16% Over the Last 24 Hours
As per the data on Coinmarketcap, HBAR (the native token of Hedera), is putting up a great show outperforming all other RWA assets as the crypto market recovers. As of this writing, the coin is trading at $0.1469 hence marking a 16.12% surge on the day.
Additionally, the trading volume of Hedera is also skyrocketing suggesting a potential for further upward price movement. HBAR has recorded a 38.86 surge in trading volume over the last 24 hours. This surge has pushed the trading volume to $539.77 million.
Led by the price hike, the market cap of Hedera has also surged to $6.62 billion. Currently, there are 42.22 billion HBAR tokens in circulation with the total supply being 50 billion HBAR.
Hedera’s price Performance vs. Other Top 5 RWA Tokens
Looking at the performance of Hedera (HBAR), the coin’s recent price performance is outperforming other RWA tokens. Data on Coinmarketcap currently shows that despite ranking third amongst RWA coins, HBAR is performing better than Chainlink (LINK) and Avalanche (AVAX) which rank above it.
Source: Coinmarketcap
With Hedera recording a surge of over 16%, LINK and AVAX have recorded 9.11% surge and 10.52% surge, respectively. Additionally, Mantra (OM) has pumped by 2.18%. On the other hand, Ondo (ONDO) has pumped by 7.68% over the last 24 hours.
What’s Fueling HBAR’s Price Pump?
The surge in HBAR over other real-world assets coins can be attributed to a recent partnership with Nvidia. Nvidia’s Regional Vice President of Engineering Anthony Rong bragged about the partnership with HBAR on LinkedIn.
“NVIDIA just announced the integration of Hedera Hashgraph (HBAR) into its AI system – a powerful combination that could reshape the future of decentralized AI and enterprise blockchain applications,” Rong wrote.
He further added that “Hedera’s fast, secure, and energy-efficient public ledger now provides real-time, verifiable data integrity for AI workflows.” According to Rong, this “will be a game changer for industries such as: healthcare, supply chain, finance, and autonomous systems.”
The partnership with Nvidia has sparked the demand for Hedera hence the surge in price of HBAR. With continued global adoption, HBAR could position itself as a key player in the digital assets sector.
Hedera’s Role in RWA Tokenization
The secure and compliant Hashgraph network of Hedera allows simple implementation of real-world asset (RWA) tokenization. Its cost-efficient infrastructure and high throughput allows for secure asset management while adhering to regulations.
Hedera’s native token HBAR enables all transactional, smart contract and network security functionality on the Hedera Hashgraph network. Through its cost-efficient settlement and staking features Hedera provides enterprises with an optimal system for RWA tokenization that supports efficient bridging of traditional finance with blockchain technology.
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