The approval of the Canary HBAR ETF, trading on Nasdaq alongside Solana and Litecoin, marked a significant milestone on October 28.
On listing day, HBAR’s price surged to a 20-day peak of $0.21 before retracing into a narrow range between $0.19 and $0.20. This initial movement reflected typical “sell-the-news” behavior, as short-term traders capitalized on market euphoria to lock in gains.
However, the ETF’s true impact soon became evident. Following a quiet debut, HBAR quickly emerged as the stronger performer, outpacing the Litecoin ETF and ranking as the most searched Real World Asset (RWA) token on CoinMarketCap.
The initial $2.2 million in inflows during the first two days of trading was quickly overshadowed by a dramatic surge on October 30, when inflows skyrocketed to $29.9 million, bringing cumulative net inflows to $32.11 million and total net assets to $33.05 million.
This sharp and powerful spike signals rapidly growing institutional confidence in Hedera’s long-term potential. With strong ETF momentum building, investors are beginning to speculate that HBAR has established its launchpad and may soon challenge its previous highs.
Speaking of RWA, there is another emerging crypto project that many consider one of the best altcoins to buy. Bitcoin Hyper (HYPER), a Layer-2 network for Bitcoin, enables instant and low-cost Bitcoin transactions for everyday use.
It also supports advanced smart contracts that allow developers to build DeFi and RWA applications secured by Bitcoin.
Source – 99Bitcoins YouTube Channel
HBAR Price Prediction
The arrival of a spot HBAR ETF marks a major milestone for Hedera and the broader crypto industry. Institutional investors now have a regulated vehicle to gain exposure to the network, which has quietly built one of the most enterprise-ready blockchain ecosystems in the market.
Canary Capital’s ETF launch represents more than a financial product; it validates Hedera’s years of development and its enterprise-grade foundation.
The network has achieved what many others have not, creating a scalable, efficient, and globally governed distributed ledger supported by leading organizations.
As of today, Canary’s HBAR ETF holds around $70 million, signaling strong early traction. This inflow comes at a time when the market is shifting toward projects with real-world use cases and institutional partnerships.
This growing institutional interest has fueled fresh price momentum. HBAR has risen 6% in the past 48 hours and 15% over the week, showing signs of accumulation.
The chart indicates that Hedera has broken above a long-term descending trendline after months of downward pressure and is now retesting support near $0.20. If HBAR holds this level, the setup points to a potential move toward the $0.26-$0.28 range.
Source – World Of Charts via X
While HBAR’s all-time high remains near $0.43 (about 2x from current levels), speculation suggests the new ETF could serve as a launchpad for a larger rally.
Hitting the aspirational $1 mark would imply a $45 billion market cap, which many consider a realistic target in the next major altcoin cycle.
With ETF inflows rising and whale activity intensifying, this technical setup featuring a breakout, retest, and potential bounce supports a highly bullish long-term outlook for HBAR.
When it comes to growing whale interest, one crypto utility coin that has been drawing significant attention is Bitcoin Hyper (HYPER).
Best Altcoin That Could Transform Bitcoin’s Layer-2 Ecosystem
While Hedera operates as a Layer-1 blockchain, a new Layer-2 meme coin called Bitcoin Hyper is quickly gaining attention.
Bitcoin still faces challenges with scalability, and Bitcoin Hyper aims to solve this by offering a high-speed Layer-2 network built for instant payments, microtransactions, and tokenized asset transfers at almost no cost.
It uses the Solana Virtual Machine for performance while keeping transactions secured by Bitcoin’s base layer.
Through its Layer-2 network, $HYPER enables instant and low-cost Bitcoin transactions for everyday use. It also supports advanced smart contracts that allow developers to build DeFi and RWA applications secured by Bitcoin.
In addition, it includes a Bitcoin Canonical Bridge that lets wrapped Bitcoin move across the Bitcoin Hyper network and offers native staking rewards so users can earn high APYs by validating transactions or adding liquidity.
These features unlock what Bitcoin’s base layer cannot do alone, creating fast, programmable value exchange and making Bitcoin Hyper a key building block for the next wave of Bitcoin-powered applications.
The $HYPER token powers the entire ecosystem through transaction fees, staking, and liquidity rewards.
The project has already raised $25.5 million in its presale and is close to reaching its $26 million milestone. Earlier this month, it attracted over $4 million in a single week, showing strong investor demand.
Investors can buy $HYPER directly on the official website. For a smoother experience, users are encouraged to use the Best Wallet app.
$HYPER also functions as a staking token, allowing holders to earn passive income through the protocol, which currently offers up to 46% APY.
Visit Bitcoin Hyper
This article has been provided by one of our commercial partners and does not reflect Cryptonomist’s opinion. Please be aware our commercial partners may use affiliate programs to generate revenues through the links on this article.
