HBAR long-term traders should read this before making an exit

Traders or investors that hold HBAR in their portfolio are likely disappointed by its recent performance. Many top cryptocurrencies experienced a significant upside in the last week of October. Meanwhile, HBAR achieved a modest rally but has remained stuck within the lower range. Here’s AMBCrypto’s price prediction for HBAR HBAR’s underperformance may not necessarily reflect […]

This development was courtesy of its recent HIP-542 upgrade. Despite this, Hedera experienced a drop in its development activity metric since 21 October. Investors should however note that the network has maintained healthy levels despite the drop in the metric.Lower development activity often affects investors’ sentiment. We did observe a surge in weighted sentiment towards the end of October before reverting back to the lower range.

volume improved towards the end of October and it managed to achieve its second-highest spike in the last four weeks, at the start of November.For clarity, NFT trade volumes on 1 October peaked at $1.76 million. For reference, it clocked its lowest 4-week volumes at $71,052. These observations are a healthy sign as far as organic network utility is concerned.HBAR’s $0.059 press time price level represented a significant discount compared to its October highs.

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