![HBAR](https://images.mudrex.com/HBAR.png)
Hedera
HBAR
Watchlist
₹4.35
LIVE
Watchlist
24H Low ₹4.24
24H High ₹4.42
Price of HBAR today
The current live price of HBAR today is ₹4.35, with a 24-hour trading volume of ₹1,85,80,78,241.91. Our HBAR to INR price is updated in real-time. HBAR has seen a increment of 2.57% in the last 24 hours. With a live market cap of ₹1,61,84,13,52,010.56 , the circulating supply is at 36,962,511,069 HBAR coins, with a maximum supply of 50,000,000,000HBAR coins.
Hedera Price History
Date Comparison | Amount Change | % Change |
---|---|---|
Today | ₹0.11 | 2.54% |
7 Days | -₹0.11 | 2.41% |
30 Days | -₹0.78 | 15.03% |
1 Year | -₹0.04 | 0.82% |
Hedera Price Information
Price Change (1hr)
2.68%
Price Change (24hr)
2.54%
Price Change (7d)
2.41%
Hedera Market Stats
Market Cap
₹1,61,84,13,52,010.56
Fully Diluted Market Cap
₹2,18,92,63,49,064.10
24hr Volume
₹1,85,80,78,241.91
52.2%
Circulating Supply
36962511068.84 HBAR
Total Supply
50000000000 HBAR
Things to know about Hedera
What is Hedera (HBAR)?
Hedera Hashgraph is a decentralised public network built on the hashgraph consensus algorithm, an alternative to blockchain technology.
It aims to offer high throughput, low fees, and minimal energy consumption.
HBAR, the native cryptocurrency, is used for transaction fees, network security through staking, and powering decentralised applications (dApps).
Tokenomics
The total supply of HBAR is capped at 50 billion tokens.
Distribution: 32.41% to the Hedera Pre-Minted Treasury, 4.44% to employees, 17.4% to SAFTs and Purchase Agreements, 23.99% for Ecosystem Development, 7.96% to Swirlds, and 7.96% to founders.
Criticisms include concerns over the large portion of tokens allocated to the treasury and founders, potentially impacting the token’s value.
Market Data
As of today 08 September 2024, the price of Hedera is ₹4.35 INR, with a 24-hour trading volume of 20599537.05 USD. The market capitalization for Hedera is 1794250022.29USD. The circulating supply is 36962511068.84 Hedera, with the total supply also being 50000000000 Hedera.
Token Pros and Cons
Pros:
Uses the hashgraph consensus for fast transaction speeds and low fees.
Features a strong governance model with a council of leading enterprises and organisations.
More energy-efficient than traditional blockchain networks.
Cons:
Centralisation concerns due to significant allocations to the treasury, founders, and employees.
The hashgraph technology is patented, restricting open-source development and forking possibilities.
Why Should You Invest in HBAR?
HBAR’s appeal lies in its hashgraph consensus mechanism’s scalability, speed, and efficiency.
A reputable governance model and focus on enterprise applications may drive adoption and enhance token value.
USP of the Coin
Hedera’s unique selling point is the hashgraph consensus algorithm, offering high throughput, fairness, and security with lower energy consumption compared to proof-of-work blockchains, making it attractive for scalable and efficient enterprise solutions.
Problem the Coin is Solving
Hedera addresses scalability, high fees, and high energy consumption issues of traditional blockchains, aiming to facilitate real-time applications and a new class of scalable dApps.
Founder and Team Background
It was founded by Dr. Leemon Baird, inventor of the hashgraph consensus, and Mance Harmon, a seasoned technology executive, combining expertise in computer science, cybersecurity, and technology leadership to drive Hedera’s development.
ICO Price
HBAR’s ICO price was $0.12 during its token sale in August 2018.
Risks Associated in Investing in the Coin
Investing in HBAR involves typical cryptocurrency risks like market volatility, regulatory shifts, and technological challenges, with additional concerns over its centralised tokenomics and patented technology potentially affecting adoption and value.
Whitepaper Insights
The Hedera whitepaper outlines the technology, governance, and applications of the Hedera Hashgraph platform. It introduces the hashgraph consensus algorithm, which is a novel approach to achieving distributed consensus without the need for proof-of-work or proof-of-stake mechanisms. This algorithm allows for fast, fair, and secure transactions and consensus, even at scale.
Hedera’s governance model is highlighted as a key feature, with a council of diverse and reputable organisations overseeing the network’s direction and ensuring its stability and reliability. The whitepaper also discusses the Hedera Token Service, which enables the creation and management of tokens on the Hedera network, leveraging the same security and efficiency as HBAR itself.
The document delves into the technical aspects of the hashgraph consensus, including its ability to handle high transaction volumes with low latency and its resistance to common attacks that can affect blockchain-based systems. It also covers the network’s services, such as smart contracts, file storage, and consensus services, which are designed to support a wide range of applications, from decentralised finance (DeFi) to supply chain management.
Furthermore, the whitepaper addresses the environmental impact of cryptocurrency technologies, positioning Hedera as an energy-efficient alternative to traditional blockchain networks. This is achieved through the hashgraph consensus mechanism, which does not require the energy-intensive mining process associated with proof-of-work systems.
In summary, the Hedera whitepaper presents a comprehensive overview of the platform’s innovative technology, governance structure, and potential applications. It makes a strong case for Hedera’s role in advancing the decentralised economy by offering a scalable, secure, and efficient alternative to blockchain technology.
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HBAR
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Price as per 12:36 AM • 08 Sep 2024
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What is the price of Hedera (HBAR)?
The current price of Hedera (HBAR) in INR is ₹4.35 INR.
What is the current HBAR market cap?
The current market capitalization of Hedera (HBAR) is ₹1,61,84,13,52,010.56 INR. This value represents the total market value of all coins in circulation, calculated by multiplying the current price of HBAR by the number of coins in circulation.
What is the current supply of Hedera (HBAR)?
The current supply of Hedera (HBAR) is 36962511068.84 HBAR. This figure represents the total number of coins that have been mined and are currently in circulation.
What is the 24 trading volume of Hedera (HBAR)?
The 24-hour trading volume of Hedera (HBAR) in INR is ₹1,85,80,78,241.91. This figure represents the total value of all HBAR transactions across various exchanges within the last 24 hours.
How to Buy Hedera (HBAR) in India?
To buy Hedera (HBAR) via Mudrex, simply sign up and create an account on their platform. Proceed by completing the KYC process to verify your identity. Once verified, deposit funds into your account using the available methods. With your account funded, you're all set to start investing in HBAR.
Can I buy Hedera (HBAR) with UPI?
Yes, you can buy Hedera (HBAR) with UPI on Mudrex, which accepts payments through popular UPI apps like Paytm, PhonePe, and Google Pay, offering a convenient and quick way to invest.
How to Convert Hedera (HBAR) to Indian Rupee (INR)?
To convert Hedera (HBAR) to Indian Rupee (INR), you can use our HBAR/INR conversion rates in real time.