Krutika Adani
Hedera is a fast, efficient, and permissionless blockchain that is used to build Dapps, Smart Contracts, and other on-chain applications.
Hedera has bagged its first institutional recognition and interest as Canary Trust, an ETF issuer, creates the US HBAR Trust. In the US, ETFs are issued as shares of an investment trust.
Hedera has a fixed supply of 50 billion tokens and out of this 75% are already in circulation which makes it a good choice for those wishing to see minimal price dilution due to token unlocks.
As of now, the trust is only open for institutional subscription but might soon be opened for retail participation.
Hedera is expected to reach $0.7 by the end of 2024 and has a neutral to bullish outlook at press time.