Hedera under pressure: can HBAR hold $0.077?

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.The spot fund on HBAR holds only $62.57 million, even though net inflows of $113.75 million have gone into it since launch. In November Hedera also switches over its data layer, and the price sits 8.8 percent below the level of the previous week.Hedera costs $0.0785 on Sunday morning and is therefore 8.8 percent cheaper than a week ago. The reason lies less in news out of the network than in money that is no longer following: according to figures from October 23, the American spot fund on HBAR still holds $62.57 million, even though net inflows of around $113.75 million have gone into it since launch. At the same time, November brings a rebuild inside the network which affects no holder, but does affect everyone running their own infrastructure on Hedera. Hedera (HBAR) This Week: 8.8 Percent Below the Level of the Previous Sunday According to CoinGecko the price stands at $0.0785, or €0.0700, as of Sunday morning around 6 a.m. Over 24 hours that makes a gain of 0.85 percent, ove...