Hedera’s native cryptocurrency, HBAR, has been gaining momentum with top industry participants such as NVIDIA and Intel inquiring about its blockchain technology for AI management. In this increased scrutiny, analysts posit that HBAR can experience a huge price jump if it can successfully breach critical resistance levels.
NVIDIA & Intel Bet Big On Hedera
In a key technology shift, NVIDIA and Intel, in collaboration with EQTYLab, are constructing an advanced AI governance platform on Hedera’s proof-of-stake blockchain. Their project, called Verifiable Compute, is the first hardware-based solution created to govern and audit AI processes.
This system leverages the Hedera Consensus Service (HCS) to establish a tamper-proof ledger that logs AI computations performed on NVIDIA GPUs and Intel CPUs. By implementing this structure, the companies aim to enhance transparency and trust in AI processes. Given the growing concerns over AI’s ethical and operational oversight, the introduction of this solution marks a critical milestone in the industry’s regulatory evolution.
This growing adoption could lead to a significant gain for Hedera price. Currently, HBAR is pulling back after a recent rally, with technical indicators flashing conflicting signals. The Relative Strength Index (RSI) is approaching overbought levels, suggesting a potential short-term correction.
Source: TradingView
The Moving Average Convergence Divergence (MACD), on the other hand, reflects a bullish momentum despite a recent bearish crossover. If market momentum continues, HBAR may hit $0.504, with estimates suggesting a daring rally to $0.962—a potential gain of more than 144%.
HBAR’s Growing Use Case: Stablecoins & Tokenization of Real-World Assets
Meanwhile, HBAR’s ecosystem is supported by new partnerships in the digital finance landscape, as mentioned in our previous report. AUDD Stablecoin, under the leadership of CEO Effie Dimitropoulos, will deploy on Hedera and other blockchain networks by April 1. Stablecoins enabling trillions of dollars’ worth of transactions every year, this partnership highlights Hedera’s growing place in international digital payments.
In another breakthrough, RWA_xyz, an RWA tokenization platform, has announced it will include HBAR in its infrastructure. The company has already partnered with such prominent blockchain projects as XRP, Chainlink, a16z, and ONDO. This action puts Hedera in the forefront of the tokenized asset market and further enhances its reputation in institutional finance.
Future Outlook Amid Strong Derivatives Market
Even with its recent two-week peak, HBAR is still in the process of consolidation. The overall momentum of the wider crypto market has seen more social activity around Hedera, particularly among U.S.-origin projects.
Whilst, the derivatives market shows an optimistic picture. According to Coinglass data, the Hedera futures open interest surged 6.13% to $213.95 million in the last 24 hours. This reflects growing interest and confidence among derivatives traders, which could also aid in a major rebound after the recent downfall. In a recent development, the US SEC has confirmed the HBAR ETF proposal from Grayscale.