Hedera (HBAR) suddenly up 17% as market drops, here's likely reason $HBAR HBAR
, the native crypto asset of the Hedera blockchain, saw a major spike in today's session as it printed a massive green daily candlestick.
Notably, HBAR saw a surge from lows of $0.056 to reach intraday highs of $0.0664 at press time. Currently, Hedera'sranks as the biggest gainer in the top 100 cryptocurrencies, up 16.29% in the last 24 hours to $0.065. Hedera trading volume has also seen a 1,179% surge in the last 24 hours as traders piled into the market to make gains.
The latest increase in HBAR's price coincides with the exciting news that the United States Federal Reserve's FedNow has added Dropp, a Hedera-based micropayments platform, as a service provider.The Fed created FedNow as an instant payment service provider for U.S. depository institutions. Dropp enables micropayments in HBAR, USD and USDC.take the recent development as a positive catalyst, given that the Hedera blockchain might see increased adoption and utility consequently.
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