Hedera (HBAR) Crypto Soars Over 20% in One Week Thanks to Network Partnership

Fresh Supply Co's Migration to Hedera Network Boosts HBAR's Market Standing as Top Gaining Cryptocurrency

- Advertisement -

Hedera (HBAR) cryptoasset price increased by more than 20% in the last 7 days, from $0.062 to $0.074. Thus, it was consecrated as the cryptocurrency in the market that gave more gains in this period, according to data from CoinMarketCap.

The increase in the price of this cryptocurrency came just after an announcement was made from its network. HBAR Foundation announced this week that Fresh Supply Co (FSCO) has migrated from Mastercard’s blockchain network to Hedera.

Hedera (HBAR) price for last 7 days. Source: Coinmarketcap
Hedera (HBAR) price for last 7 days. Source: Coinmarketcap

FSCO is a company that provides financial technology for food systems and supply chains. It is responsible for digitizing “food production and trade via blockchain,” which allows for transparency and deep and verifiable data for financiers, according to the HBAR Foundation.

“Through FSCO, events along the value chain (such as cow to meat, milk to cheese, and other processes such as shipping, customs, standing order fulfillment, etc.) are tokenized, linked, and tracked with full transparency.”

Following this announcement, HBAR experienced a rally that allowed it to return to the price it was trading at just over a month ago. However, the rally was not enough to reach the year’s high of $0.097, which was reached in mid-February, according to CoinMarketCap.

This behavior shows a difference with the main cryptocurrency in the market, bitcoin (BTC), which at the end of March rose to its maximum this year. This level was USD 29,000, although, as CryptoNews reported, it has not yet managed to stay there.

Read Next

- Advertisement -
- Advertisement -
- Advertisement -

Latest

- Advertisement -

Must Read

Read Next
Recommended to you