Hedera (HBAR) Price Soars 18% After Nvidia Partnership

• Hedera has entered into the AI scene with a partnership with NVIDIA.
• HBAR price is in the spotlight and may benefit from the changing positive sentiments.

HBAR, the native token of Hedera Hashgraph is currently showing a positive performance with its price up by 18%. This rally comes after a new partnership between Hedera and tech giant, Nvidia. Analysts now waiting to see if HBAR could rally further to $2.25, taking advantage of the new partnership.

Nvidia Taps Partnership With Hedera

Anthony Rong, Nvidia’s Regional Vice President of Engineering brought the market’s attention to the new deal in a LinkedIn post. The partnership will see Nvidia adding Hedera into its Artificial Intelligence (AI) system. By combining their tech, both firms could transform the future of decentralized AI and enterprise blockchain applications.

Notably, Nvidia will utilize Hedera’s fast, secure, and energy-efficient public ledger that offers real-time, verifiable data for AI workflows. The firm hopes to provide secure, traceable, and tamper-resistant data in different industries. These include healthcare, supply chain, finance, and autonomous systems.

Hedera’s network provides a strong base, high performance, and low energy utilization. Thus, the link-up between Nvidia and Hedera suggests a convergence between blockchain and AI. With this combination, the future of AI is not just smart, but decentralized, transparent, and secure.

Additionally, it reinforces HBAR as a leading player among enterprise-focused chains. Hedera is now deeply rooted in two of the decade’s biggest trends: blockchain and AI. 

Meanwhile, Nvidia, Intel, and EQTYLab had earlier joined forces to build a powerful AI governance platform on Hedera. As highlighted in our previous article, their project, called Verifiable Compute, is the first hardware-based solution created to govern and audit AI processes. 

Using the Hedera Consensus Service, the system established a tamper-proof ledger that logs AI computations carried out on NVIDIA GPUs and Intel CPUs. The core vision for the companies is to promote transparency and trust in AI solutions.

HBAR Flying High

The growing adoption of Hedera has contributed to the surge in the price of HBAR. The token jumped as high as 18% in today’s morning trading session. 

As of this writing, HBAR is priced at $0.156, showing a 14.3% surge over the past 24 hours. Its daily trading spiked by over 34%, showing growth as the market recovers.

This rally has breathed new life into HBAR after weeks of sideways movement. Market analysts attributed the fresh capital inflow to new confidence among retail and institutional investors.

HBAR has shown strong support at $0.128, and targets of $0.173 to $0.19 are in view. If the current trends remain, HBAR may experience breakouts. Eventually, this could lead to a longer-term trajectory towards $2.25.

In a previous article we discussed, crypto analyst Javon Marks predicted a 144% rally for HBAR. Many cited a potential HBAR Exchange-Traded Fund (ETF) approval as a game-changer for the token. As mentioned in our previous news brief, the US Securities and Exchange Commission (SEC) has officially acknowledged Grayscale’s proposal for an HBAR-based ETF.