Has Something To Do With FedNow, HBAR Prices Go Up Fast!

<p>&nbsp;"Will HBAR break through $0.10 anytime soon?"</p><p><br /></p><p>Cryptocurrency Hedera Hashgraph (HBAR) surged over 15% as the United States (US) Federal Reserve's (Fed) instant payment platform FedNow added Dropp, an HBAR-based micropayment platform, as a service provider.</p><p><br /></p><p>According to FedNow, Dropp is a pay-by-bank alternative to credit card payments that allows merchants to accept small-value purchases digitally without large transaction fees.</p><p><br /></p><p>It is widely known that HBAR, which describes itself as a blockchain with a unique structure, has a hashgraph consensus and is a public distributed ledger that has managed to achieve more than 10,000 transactions per second.</p><p><br /></p><p><br /></p><p>Through observation, HBAR's average daily actives grew 288% year-to-date, jumping from 3,500 to 13,500 by the second quarter of 2023, while in terms of average daily creation of new accounts, it has increased by 340%.</p><p><br /></p><p>The main driver behind the increase in HBAR activity in the second quarter was the follow-up from the collection of non-fungible tokens (NFT) Karateka which is a Web3 game built by GameOn leveraging the Karate Combat IP.</p><p><br /></p><p>But it should be noted that HBAR over the past few months has seen several updates, among which is FreshSupplyCo (FSCO), an asset tagging platform across the agrifood supply chain that integrates HBAR into the API.</p><p><br /></p><p>South Korean bank Shinhan Bank also recently implemented a proof-of-concept (POC) stablecoin pilot built on the open-source HBAR public network.</p><p><br /></p><p>As of this writing, HBAR price has surged by 13.04% at $0.07 in the last 24 hours with a market cap of $2 billion and has recorded an increase of around 26.91% over the last week.</p>