Hedera (HBAR) Soars to 8-Month High: What Happened and What’s Next?

"I am buying as it's breaking out right now," one popular trader said. The cryptocurrency market is quite divided today (September 29), with some popular altcoins posting double-digit losses, while others are pumping hard. Hedera’s HBAR is among the winners’ club after rallying by roughly 25% in a day and surging to its highest level since early January. Check out what triggered the move north and some of the most interesting price predictions. History Repeating? Just hours ago, HBAR jumped to around $0.13 (per CoinGecko) before slightly retracing to the current $0.12. This still represents an impressive 60% increase over two weeks. HBAR Price, Source: CoinGecko The asset’s market capitalization has risen well above the $5 billion psychological mark, making it the 26th-largest cryptocurrency and flipping popular altcoins like Avalanche (AVAX), Sui (SUI), and others. Perhaps the main catalyst for the uptrend is the partnership between IBM and the Hashgraph Group. The entities aim to bring Hedera-based IDTrust to IBM Cloud, giving enterprises verifiable digital identity for AI agents. Meanwhile, BlackRock’s tokenization of its US Treasury Money Market Fund on Hedera pushed net assets...