{"id":11201,"date":"2024-02-06T16:33:42","date_gmt":"2024-02-06T16:33:42","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=11201"},"modified":"2024-02-06T16:34:09","modified_gmt":"2024-02-06T16:34:09","slug":"this-altcoin-s-price-soared-it-moved-against-the-market-trend","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/this-altcoin-s-price-soared-it-moved-against-the-market-trend\/","title":{"rendered":"This Altcoin &#8216;s Price Soared: It Moved Against the Market Trend!"},"content":{"rendered":"<p data-sourcepos=\"3:1-3:175\">While the crypto market has been in a general decline lately, the Hedera Hashgraph (HBAR) altcoin price has been on the rise. The HBAR token has gained 10% and reached $0.076.<\/p>\n<blockquote>\n<p class=\"entry-title\">You might like: <a href=\"https:\/\/coinengineer.net\/blog\/eigenlayer-tvl-surges-after-removing-staking-limits\/\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline;\"><strong><em>EigenLayer TVL Surges After Removing Staking Limits!<\/em><\/strong><\/span><\/a><\/p>\n<\/blockquote>\n<figure id=\"attachment_11207\" aria-describedby=\"caption-attachment-11207\" style=\"width: 820px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-11207\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/02\/HBAR-Chart-Analysis.png\" alt=\"HBAR Chart Analysis\" width=\"820\" height=\"384\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/02\/HBAR-Chart-Analysis.png 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/02\/HBAR-Chart-Analysis-300x141.png 300w\" sizes=\"auto, (max-width: 820px) 100vw, 820px\" \/><figcaption id=\"caption-attachment-11207\" class=\"wp-caption-text\">HBAR Chart Analysis<\/figcaption><\/figure>\n<p data-sourcepos=\"5:1-5:192\">Of course, there is positive news behind this rapid rise. Today, the Hedera Hashgraph (HBAR) team announced the launch of the DeepTech Venture Studio project to be established in Saudi Arabia.<\/p>\n<p data-sourcepos=\"7:1-7:222\">This project is an important step for Saudi Arabia to diversify its revenue sources away from oil. The $250 million studio project also plans to develop in areas such as artificial intelligence (AI) and quantum technology.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">As part of a five-year agreement valued at $250m with the Saudi Ministry of Investment (<a href=\"https:\/\/twitter.com\/MISA?ref_src=twsrc%5Etfw\">@MISA<\/a>), <a href=\"https:\/\/twitter.com\/The_Hashgraph?ref_src=twsrc%5Etfw\">@The_Hashgraph<\/a> Association has announced the launch of the DeepTech Venture Studio &#8211; empowering companies to develop innovative technological solutions. <a href=\"https:\/\/twitter.com\/hashtag\/web3?src=hash&amp;ref_src=twsrc%5Etfw\">#web3<\/a><a href=\"https:\/\/t.co\/wnqA9H4rm4\">https:\/\/t.co\/wnqA9H4rm4<\/a> <a href=\"https:\/\/t.co\/Yi6EJWqEh6\">https:\/\/t.co\/Yi6EJWqEh6<\/a><\/p>\n<p>&mdash; Hedera (@hedera) <a href=\"https:\/\/twitter.com\/hedera\/status\/1754846420484477016?ref_src=twsrc%5Etfw\">February 6, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p data-sourcepos=\"9:1-9:277\">As known, Hedera has partnerships with companies such as Google, IBM, ServiceNow, and LG. This also puts the project and its altcoin in an important place in the crypto market. In addition, global asset manager Abrdn is using the Hedera platform to develop tokenized solutions.<\/p>\n<p data-sourcepos=\"11:1-11:59\"><strong>Other Developments Affecting Hedera (HBAR) Altcoin Rise<\/strong><\/p>\n<ul data-sourcepos=\"13:1-14:48\">\n<li data-sourcepos=\"13:1-13:71\">Hitachi company joined the Hedera Hashgraph (HBAR) Governing Council.<\/li>\n<li data-sourcepos=\"14:1-14:48\">An agreement was made with Australian Payments Plus (AP+). (Australian Payments Plus is a payment company with connections to over 150 banks.)<\/li>\n<\/ul>\n<hr \/>\n<div>\n<div>\n<p><em>Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don\u2019t forget to follow us on\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Telegram<\/strong><\/a>,\u00a0<a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>YouTube<\/strong><\/a>\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\"><strong>Twitter<\/strong><\/a> for the latest news and updates.<\/em><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>While the crypto market has been in a general decline lately, the Hedera Hashgraph (HBAR) altcoin price has been on the rise. The HBAR token has gained 10% and reached $0.076. You might like: EigenLayer TVL Surges After Removing Staking Limits! Of course, there is positive news behind this rapid rise. Today, the Hedera Hashgraph<\/p>\n","protected":false},"author":1,"featured_media":11202,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[473,236,4178,4179,940,942,4180,2931],"class_list":["post-11201","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-coin-analysis","tag-ai","tag-altcoin","tag-ap","tag-australian-payments-plus","tag-hbar","tag-hedera","tag-quantum-technology","tag-saudi-arabia"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>This Altcoin &#039;s Price Soared: It Moved Against the Market Trend! - Coin Engineer<\/title>\n<meta name=\"description\" content=\"While the crypto market has been in a general decline lately, the Hedera Hashgraph (HBAR) altcoin price has been on the rise.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/this-altcoin-s-price-soared-it-moved-against-the-market-trend\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"This Altcoin &#039;s Price Soared: It Moved Against the Market Trend! 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