Hbar is believed to be oversold compared to other cryptocurrency projects and may be about to explode, according to a YouTube video. Although Hbar has a market cap of $300m, compared to other chains in the billions, Hbar is viewed as bullish. Analysts predict a potential breakout in May 2022, but if the sideways trend continues, warnings suggest investors should be cautious. The online video also called on investors to ask themselves if they have enough Hbar in their portfolio, before concluding that Hbar may perform well in 2022.
Do You Have Enough HBAR?
If you are an investor in the cryptocurrency market, ask yourself this question: do you have enough HBAR? Because, if not, you might be missing out on one of the most promising altcoins of the year. Compared to other projects in the market, HBAR is oversold and has the potential to explode in value, making it a great investment option.
The Chart Looks Bullish as F
Currently, the stator HBAR (or the circulating supply of HBAR) is around 300 million, which might sound like a modest number. However, if you take into account the potential of HBAR, you can see this chart explode. While other chains are in the billions and billions of dollars, HBAR is still a growing project worth about 62 million USD. This means people are taking the time to lock up their investments, which is a positive sign for the future of HBAR.
What’s Next for HBAR?
It is predicted that HBAR will do well in 2022 given its current state of being oversold and the potential for future growth. If the trend continues to go sideways or even further down, investing in HBAR might not be the wisest move. However, if you believe that HBAR will break out around May, you could ride the wave of its explosive growth and potentially make a profit. Let us know in the comments below what you think and where you believe HBAR can go in 2022.
Take care and invest wisely!