Hedera Surges as Robinhood Listing Sends HBAR Flying Past Avalanche and Litecoin

HBAR saw a sharp 13% spike after Robinhood added the crypto asset to its trading platform, propelling Hedera’s market cap past $10.7 billion — leapfrogging industry heavyweights Litecoin and Avalanche.

After a sluggish week for digital assets, Hedera (HBAR) stole the spotlight. Robinhood’s announcement on Friday that it was listing the token sent shockwaves through the crypto space. Prices soared to $0.28 intraday, up from $0.25, before easing back slightly — but the momentum stuck.

Robinhood Effect: Still Alive and Kicking

Even with crypto markets largely in the red, Robinhood’s endorsement carried serious weight.

HBAR’s rally came against a 3% decline in the overall crypto market, making it one of the day’s top performers. It was a short, sharp move — the kind of action traders crave in a market that’s been sleepwalking through the summer.

By late Friday, Hedera’s price settled around $0.26. That was still a significant jump from Thursday’s levels, and enough to push its market cap to $10.7 billion.

It meant HBAR leapfrogged not just one but two household names:

• Litecoin (LTC)

• Avalanche (AVAX)

HBAR holders, who’ve seen the coin oscillate in a narrow band for months, suddenly had something to smile about.

What’s Driving the Hype Around Hedera?

There’s no shortage of blockchain projects in the market — but Hedera stands out in a few key ways.

It isn’t your typical proof-of-work or proof-of-stake setup. Instead, it uses a consensus algorithm called Hashgraph, which claims to be faster and more energy-efficient than conventional blockchains.

That’s not just marketing fluff. Some major names are already involved in the project, including:

• IBM

• Google Cloud

• Boeing

Those firms sit on Hedera’s governing council, lending the project a level of institutional backing that most tokens can only dream of.

Friday’s spike wasn’t just about hype — it was also a reminder that real-world adoption still matters in crypto.

Can HBAR Break Through the $0.30 Ceiling?

Technical analysts have been eyeing the $0.24 level as a critical support line. So far, HBAR has held that zone with confidence.

One quick look at the charts, and the next logical resistance zone seems to hover around the $0.30 mark.

Some momentum traders believe that a clear break above $0.28 could be the final spark needed to test — and possibly break — that $0.30 level. But caution remains.

A drop below $0.24 could trigger a retracement back toward $0.21, where buyers have previously shown up.

Market sentiment is fickle, and weekend volume is notoriously low.

Hedera vs. Its New Neighbours in the Rankings

With HBAR jumping up the ranks, it’s worth seeing how it now stacks up next to the coins it overtook.

HBAR’s strength here isn’t just about market cap. The trading volume also spiked nearly 200% over 24 hours, suggesting strong conviction behind the move.

Some traders are calling it a “re-rating” rather than a flash-in-the-pan rally.

A Word of Caution: Crypto Still on Shaky Ground

Zoom out for a second, and the bigger picture still looks fragile.

Bitcoin and Ethereum both dipped during the same session that HBAR climbed. That divergence is rare — and possibly unsustainable if broader risk sentiment continues to weaken.

Investors are jittery about interest rates, inflation, and even regulatory pressure. Just this week, the SEC issued fresh comments on altcoin compliance, keeping traders on edge.

So, while Hedera may have enjoyed its moment in the sun, it’s not immune to wider market nerves.

Still, the fundamentals behind the project remain solid. If anything, this rally has forced a few more eyes back onto a token that had been largely overlooked for most of 2024.

What Comes Next?

Short-term price predictions in crypto are always risky, but sentiment has clearly shifted in HBAR’s favour.

If the coin can consolidate above $0.26, and volume remains steady, the $0.30 mark could be more than just a dream. But technical traders are warning against overexposure too soon — especially with the wider market still feeling uncertain.

One thing is clear: the Robinhood effect still packs a punch.