Hedera (HBAR) Surges 180% and Overthrows Toncoin: Ready for $1?
April 10, 2025 – Amid a cooling crypto market following former US President Donald Trump’s global tax move, Hedera Hashgraph (HBAR) has emerged as one of the strongest altcoin recoveries. At the same time, HBAR has surpassed Toncoin (TON) to take the 14th spot in the global cryptocurrency rankings, by market capitalization.
HBAR Sees Massive Growth Amid Wave of Positive News
Boosted by growing interest from the community and institutions, HBAR recorded a 3.2% gain on the day, pushing its market capitalization to $7.22 billion. Part of the rally was driven by the news that Hedera Foundation expressed interest in acquiring TikTok in the US — a surprising and ambitious move.
In addition, Hedera’s Distributed Ledger Technology (DLT) is attracting attention from major financial institutions, with reports that HBAR is competing with Ripple (XRP) to become the integration platform for the SWIFT international remittance network.
Hedera ETF Makes Waves on NASDAQ
Another major boost to HBAR’s price was the news that NASDAQ confirmed that it had filed a Hedera ETF with the US Securities and Exchange Commission (SEC), via Form 19b-4. This event triggered new interest from institutional investors and the retail investor community.
$1 Target – Possible or Illusionary?
Technical analyst Javon Marks, who has over 54,000 followers on X (formerly Twitter), predicts that $0.504 is the next logical target for HBAR, which is very close to its all-time high of $0.569 recorded three years ago. Marks even expects a price of $0.962 – a 180% increase from the current price – to be established if the bullish momentum continues.
At the time of writing, HBAR is trading at $0.1736, according to data from CoinGecko.
The Downside: Rumors and Facts
The recent optimism around HBAR has been slightly dampened by a false rumor about an integration with NVIDIA’s AI arm, which was spread by a fake LinkedIn profile and has since been debunked. However, NVIDIA has partnered with Hedera through Equity Labs, which suggests that there is still potential for future collaboration.
Why Does This Matter?
In a volatile market where many altcoins are based on hype, cryptocurrencies with solid technical foundations and real partnerships with large organizations will be the ultimate winners. Hedera is proving to be one of them.
With positive technical signals, a potential ETF, and bold strategic moves, HBAR is slowly gathering all the elements to move towards the iconic milestone of $1.