HBAR rose more than 21%, becoming a hot target for speculation in the Korean Won market

On December 3rd, Hedera Network's native token HBAR rose 21.89% in the past 24 hours and is now trading at $0.3480. According to media information, HBAR has performed well in the Korean Won market on the Upbit platform, with a 24-hour trading volume of $1.374 billion, ranking second only to XRP/KRW.

 

The recent factors driving HBAR's strong performance include Canary's submission of the HBAR ETF application. The ETF will track the native assets of the Hedera network, sparking extensive discussions on the future potential of HBAR in the market. At the same time, Hedera relies on the efficiency and decentralized security provided by Hashgraph technology to continue attracting the attention of institutional investors and developers to its ecosystem. According to Coingecko data, the overall trading volume of the Upbit platform reached $18.50 billion in the past 24 hours, an increase of 46% compared to the previous period. Among them, tokens such as HBAR have become the main driving force for trading volume growth.

 

Insiders pointed out that with the expansion of Hedera's application scenarios and the addition of financial instruments (such as ETFs), HBAR's attractiveness among institutional investors will further increase, and it may continue to rise in the future.