Home » Press Release » Hedera (HBAR) Price Today – $HBAR Loses 10% Over the Weekend While PlutoChain Attracts Whale Attention – HBAR News Today

Hedera (HBAR) Price Today – $HBAR Loses 10% Over the Weekend While PlutoChain Attracts Whale Attention – HBAR News Today

19.02.2025 15:19 3 min. read Alexander Stefanov
Disclosure

We may earn commissions from affiliate links or include sponsored content, clearly labeled as such. These partnerships do not influence our editorial independence or the accuracy of our reporting. By continuing to use the site you agree to our terms and conditions and privacy policy.

SHARE: SHARES

Cryptocurrency is a high-risk asset class, and investing carries significant risk, including the potential loss of some or all of your investment. The information on this website is provided for informational and educational purposes only and does not constitute financial, investment, or trading advice. For more details, please read our editorial policy.

Hedera (HBAR) Price Today – $HBAR Loses 10% Over the Weekend While PlutoChain Attracts Whale Attention – HBAR News Today

Hedera (HBAR) has faced a tough week, dropping 10% over the weekend and struggling to regain momentum.

While the price has slightly recovered, technical indicators suggest uncertainty, with HBAR needing a breakout above $0.248 to turn bullish.

At the same time, PlutoChain ($PLUTO) is attracting attention as a potential Layer-2 solution for Bitcoin’s speed and high gas-fee issues. By processing block times in two seconds and supporting Ethereum-based applications, it could improve Bitcoin’s efficiency. 

Here’s all you need to know. 

Could HBAR Recover From a Recent Drop in Price?

HBAR is currently trading at around $0.2217 and has had a minor drop of 0.5% in the last 24 hours while its 7-day overview shows a 6.1% drop according to CoinGecko.

Hedera has seen a small rebound, but its technical indicators still show weakness. The Average Directional Index (ADX), which tracks trend strength, has dropped from 28.9 to 23 in the past three days. 

With the ADX and RSI now both on 35, Hedera’s downtrend has lost stream. This could mean the selling pressure is easing, and that a clear reversal of trends has come.

For HBAR to turn bullish, it needs to break above $0.248. If it does, the next target would be $0.32, a 46% jump.

Crypto analyst and content creator, ALLINCRYPTO, posted on X that he believes Hedera is going to go to $0.50 before possibly reaching $2. 

Could PlutoChain ($PLUTO) Help Bitcoin Overcome Its Biggest Challenges?

Bitcoin has long struggled with slow transactions, high fees, and network congestion. While blockchains like Ethereum and Solana have adopted solutions to improve scalability, Bitcoin’s infrastructure has remained largely unchanged. 

Some believe PlutoChain ($PLUTO), a Layer-2 network, could offer a way to enhance Bitcoin’s efficiency without modifying its core design.

One possible advantage of PlutoChain is speed. Bitcoin takes around 10 minutes to confirm a block, but PlutoChain finalizes blocks in just two seconds by processing them off-chain before finalizing them on Bitcoin’s network. 

If successful, this might make Bitcoin more practical for everyday use, international payments, and smaller transactions. Lower fees are another potential benefit—by handling transactions more efficiently, PlutoChain could make Bitcoin more accessible to users who want to avoid high costs.

PlutoChain also claims full Ethereum Virtual Machine (EVM) compatibility, which could allow Ethereum-based applications—like DeFi protocols, NFT marketplaces, and AI-driven platforms—to integrate with Bitcoin. If widely adopted, this could expand Bitcoin’s role beyond just a store of value.

Early tests suggest PlutoChain can handle high transaction volumes, reportedly processing over 43,000 transactions in a single day without issues. Security rema=

The platform also promotes decentralized governance, letting the community influence key decisions. While it’s still early, PlutoChain could be a step toward making Bitcoin more scalable and efficient in the future.

The Bottom Line

HBAR faces a tough path ahead, with technical indicators suggesting a lack of clear direction. For a bullish shift, it needs to break through resistance at $0.248, but if the downtrend continues, it may drop further.

PlutoChain, on the other hand, may have the potential to solve Bitcoin’s scalability issues. With faster transactions and lower fees, it could improve Bitcoin’s practicality, though its future impact is still uncertain.


This publication is sponsored. CryptoDnes does not endorse and is not responsible for the content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any action related to cryptocurrencies. CryptoDnes shall not be liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any content, goods or services mentioned.

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.

Telegram

SHARE: SHARES
More Press Release News

Best Meme Coins to Buy: Why Snorter is Top Pick Over Pepe and Fartcoin

After riding near historic highs over the last couple of months, the crypto market is showing signs of short-term consolidation while its total value hovers around $3.2 trillion. The last week has been incredibly eventful (and fundamentally bullish), as the US Senate passed the GENIUS Act – establishing federal rules for stablecoins for the first […]

22.06.2025 12:28 6 min. read Nikolay Kolev

Solaxy Set to Launch as Solana’s First Layer 2 After Raising $56 Million: Best Crypto to Buy?

In what’s turning out to be one of the most record-breaking crypto presales of the year, Solaxy (SOLX) has raised over $55.5 million. This success has largely been supported by investors and project builders who see tremendous potential in projects that can enhance Solana’s already formidable capabilities. The DeFi lending sector is also a key […]

21.06.2025 19:35 5 min. read Nikolay Kolev

Next 1000x Crypto: 4 Presales That Could Give Massive Returns

Discovering 1,000x gems can sometimes feel impossible. Everyone talks about them, but locating explosive tokens like this is a rare occurrence. Yet our team hase uncovered 4 early-stage presales that are showing market-beating potential right now. Forget hype – we’re talking about projects with clear and specific catalysts that are hugely promising. Could one of […]

21.06.2025 19:34 6 min. read Nikolay Kolev

Best Crypto to Buy Now as XRP vs SEC Case Approaches Final Verdict

Ripple and the U.S. Securities and Exchange Commission jointly petitioned Judge Analisa Torres on June 12th to lift the injunction on XRP sales and reduce outstanding fines, a move designed to bring their years-long legal battle to an expedited close.  🚨BREAKING: Judge Torres is nearing a final decision in the SEC vs. Ripple case! (due […]

21.06.2025 18:05 8 min. read Nikolay Kolev
No Comments yet!

Your Email address will not be published.