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Home Cryptocurrency

Why Is Hedera (HBAR) Price Up 20% Today?

April 8, 2025
in Cryptocurrency
0
Why Is Hedera (HBAR) Price Up 20% Today?
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Key Notes

  • Nvidia’s VP Anthony Rong said Hedera’s fast, efficient ledger could transform AI workflows.
  • This partnership could reshape finance, healthcare, and supply chains by boosting data transparency and trust.
  • HBAR futures open interest rose 20% to $148M, as on-chain metrics like the Bollinger Band Trend turned positive after a week in the red.

Amid the broader crypto market recovery today, one altcoin stands out with a 20% upside in Hedera Hashgraph’s native crypto

HBAR
$0.16



24h volatility:
10.3%


Market cap:
$6.72 B



Vol. 24h:
$463.87 M



. This massive pump in Hedera price comes following an integration announcement with AI tech giant NVIDIA.

As of press time, HBAR’s price is trading at $0.16, with its market cap soaring past $6.5 billion, and daily trading volume has increased by 42% to more than $538 million.


NVIDIA Announces Hedera Integration

On Monday, AI chipmaker and tech giant NVIDIA announced the integration of Hedera Hashgraph blockchain into its AI systems. This highlights a strong partnership between the AI and blockchain worlds.

Anthony Rong, Nvidia’s Regional Vice President of Engineering, shared the news, highlighting the transformative potential of this partnership. He noted that the integration will redefine decentralized AI along with enterprise blockchain applications.

With this partnership, Nvidia will integrate Hedera’s fast, secure, and energy-efficient public ledger into its AI workflows to enhance real-time data verification and build trust in AI-generated results. It will also address the growing need for accuracy and reliability as AI adoption expands across industries.

Rong also emphasized that this partnership has the potential to transform critical sectors like finance, healthcare, supply chains, and autonomous systems, all of which depend largely on rapid and precise data.

He stated that Hedera enables transparent and immutable tracking of data origins, ensuring trustworthiness in AI processes. This ultimately helps to mitigate the risks of misinformation, eros, and other frauds in AI outputs.

Rong added that Hedera’s high-speed, low-energy network aligns perfectly with Nvidia’s commitment to delivering high-performance, sustainable technology.

Will Hedera’s Price Rally Continue from Here?

Similar to the rest of the crypto market, Hedera’s price has also been subject to volatility amid global macro uncertainties and Trump tariff wars. The good thing is that today’s Hedera price pump comes with a 20% increase in HBAR futures open interest, now moving to $148 million.

The on-chain data also highlights strength. For example, Hedera’s Bollinger Band Trend (BBTrend) has flipped positive to 3.96, after spending seven days in the negative territory. This indicates that a potential bullish reversal is in the making.

Why Is Hedera (HBAR) Price Up 20% Today?

Source: TradingView

Overall, HBAR seems to be showing signs of a healthy turnaround after the bottom formation during the recent market correction.

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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

Hedera (HBAR) News, Altcoin News, Cryptocurrency News, News

Bhushan Akolkar

Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.

Bhushan Akolkar on X





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