HBAR price increases by 15 % after major news from the Hedera Hashgraph Ecosystem - reached the highest level since June

HBAR price increases by 15 % after major news from the Hedera Hashgraph Ecosystem - reached the highest level since June
The price of Hbar, the native Token of Hedera Hashgraph, has increased significantly in the past few days. The token is currently being traded at $ 0.055, which means an increase of almost 15 % in a comparison of the week. This is the highest price since the beginning of June. The old coin has increased by more than 17 % since the lowest level this month and has thus achieved a market capitalization of around $ 1.8 billion.
Hedera hashgraph is considered one of the leading competitors of Ethereum and is a blockchain platform that enables quick and inexpensive transactions. In contrast to Ethereum, transactions in Hedera hashgraph are completed in a few seconds and the transaction fees are only a fraction of what Ethereum calculates.
An important news from the Hedera Hashgraph's ecosystem is the successful implementation of the first stable coin transfer in the Hedera network. Shinhan Bank, a leading company in South Korea, has carried out this transfer in cooperation with SCB Techx, a large financial institution in Taiwan. The transaction has shown that the billing and integration of the currency course can take place in real time. The currencies involved were the Thai Baht, the New Taiwan Dollar (NTD) and the South Korean Won. The head of the blockchain department at Shinhan Bank commented on this as follows: "The successful end of this second POC-proof-of-Concept-is an important step in our efforts to make cross-border payments faster, cheaper and more accessible to people around the world."
Further news concerns new functions that the Hedera Hashgraph's development team has announced. The blockchain will now support the popular crypto wallet metamask and other wallets with JSON-RPC. This will make it possible to transfer $ hbar to and from 0x accounts.
In terms of the HBA's course forecast, the coin has experienced a strong comeback in the past few days. On the price chart, the coin lies above the exponential sliding average of the last 25 and 50 periods and lists near the important resistance at $ 0.054. In addition, the coin moves near the Fibonacci retracement level of 23.6 %. Due to these factors, the HBAR course will continue to increase if the buyers target the next resistance at $ 0.058, which was the highest level in June. However, a decline under the support at $ 0.052 would mean that the bullish outbreak fails for the time being.