A trader accidentally placed a record buy order for Hedera Hashgraph (HBAR) on a platform like Bitcoin system which will likely cost him $ 9.066, the spot price of Bitcoin (BTC).
Hedera Hashgraph, its creators say, is a "decentralized public network where anyone can carve out a piece of cyberspace to transact, play and socialize in a safe and reliable environment.
“From a screenshot posted on Reddit, the trader probably intended to buy Bitcoin. But he inadvertently changed pair and a purchase order of $ 9.066 in HBAR currency was placed at $ 0,0. An irreversible error, as the order has been completed and the transaction confirming the exchange between Fiat and HBAR has been completed.
Hedera Hashgraph (HBAR) Market performance
HBAR is trading at $ 0,054 on Binance, one of the largest cryptocurrency exchanges with significant trading volumes, and due to the high liquidity, the order did not take long to complete. In hindsight, the order was a golden opportunity for traders who had bet on HBAR's success.
The currency has proven that critics are wrong and has continued to maintain an upward line after the cryptocurrency prices drop in late February. On the last trading day, the currency rose by two digits, adding 25% against the dollar.
Over the past week, HBAR has grown 51%, an impressive performance and a sign of confidence from traders. This period served to grow its liquidity and extend its community.
For example, its market capitalization has expanded and is now perched in 40th place with $ 183 million. Although it is down 83% from its all-time high of $ 0,32 recorded in September 2019, the cryptocurrency has nonetheless increased 4,4 times from its all-time low of $ 0,0098.
Partnership with Google, prices may no longer return to zero
In addition to the above-average market performance, Hedera has an agreement with Google that will see the search giant run a node on its Google Cloud (GCP) platform while building a global and distributed network.
“Google, along with other board members, is responsible for maintaining Hedera's global infrastructure, protocol and product to increase the level of trust on the Internet. Google joined our governance board because the company appreciates the model we have created. "
But the topic gets even more interesting because, according to Google estimates, it is expected to generate $ 1,9 billion by 2024 from this partnership. Given this bullish estimate, HBAR could currently be underestimated and actually have huge upside potential.
