How Many Hedera (HBAR) Tokens Do You Need to Become a Millionaire?

Since 2021, Google has been a partner on Hedera's governing Council. So have IBM, Boeing, and Chainlink. Big tech companies in the US seem to love this platform.

Since 2021, Google has been a partner on today’s hot topic – Hedera’s governing Council. So have IBM, Boeing, and Chainlink. Big tech companies in the US seem to love this platform. Many Americans, in particular, are big fans of it. This could make HBAR tokens much more valuable than it is now.

Recently, on her YouTube channel, which has over 450,000 subscribers, Altcoin Buzz’s own Maddie tackled an interesting question: how many HBAR tokens do you need to acquire today to become a millionaire at the height of the bull cycle?

Hedera Hashgraph has been in the spotlight for many good reasons lately. It’s also a Made in USA coin, which gives it a certain appeal to American investors.

We don’t often hear much about what Hedera actually does as a project. An important distinction is that it operates as a hashgraph, not a blockchain. There’s a real difference here. A hashgraph works like ten people in a room talking to each other. They share information and chat about things that are true. But they also gossip about stuff that isn’t true – kind of like a broken telephone situation.

This rapid sharing allows people to reach consensus very quickly. The misinformation from the broken telephone game doesn’t last long in a hashgraph. The result? Fast transactions and quick consensus.

It’s also a very secure system. It’s extremely difficult, if not impossible, to tamper with. The idea is to see if a distributed hashgraph can be even faster and more effective than a blockchain. Some technical people argue hashgraphs are superior to blockchains. Others argue the opposite. But that’s beside the point. What’s important is that Hedera is currently a permissioned chain. Only approved validators – council members – can approve transactions. Eventually, they aim to move entirely to a permissionless model, but they’re not there yet.

HBAR has been around since 2018 and on exchanges since 2019. It’s survived more bear markets than most. Its all-time low was just under 1 cent in January 2020. Its all-time high reached nearly 57 cents in September 2021.

For the last three years, HBAR price performance has been pretty flat. It mostly stayed in the 5 to 10 cent range. Right now, it’s trading around 19 cents. People who’ve held it for the last six months have been rewarded. Since October, it’s gone from about 4.6 cents to 19-20 cents – roughly a 4x gain.

The broader market recently saw two huge billion-dollar-plus liquidations. Some coins like SUI weathered the storm well and still look like solid investments.

Hedera Price Predictions and Millionaire Math

Looking at the chart, there’s downside support at 15 cents, 9.5 cents, and strong support at 5 cents. If it breaks down further, the next support sits at 3 cents. On the upside, there’s resistance at 24 cents and 33 cents. Major resistance comes at the all-time high of about 57 cents.

If HBAR breaks above its all-time high, it enters price discovery mode. That could potentially take it to $2, $3, $4, or even $5.

So how many HBAR would you need to become a millionaire? At today’s price of 20 cents, you’d need 5 million HBAR to have a million dollars right now. But that’s not what most investors are after.

If HBAR hits $2, you’d need 500,000 HBAR to reach a million dollars. That would cost about $100,000 to acquire at current prices. If it reaches $10, you’d only need 100,000 HBAR, costing around $20,000 today. And if it somehow climbed to $14, you’d need about 71,429 HBAR, which would set you back roughly $14,286 at today’s prices.

Read Also: Pi Coin Price Prediction for Today (March 27)

Hedera Future Potential

Hedera has proven itself as a survivor in the crypto space. It’s weathered multiple market cycles and continues to attract attention from both major institutions and individual investors.

Its future success is still uncertain. But many see good potential for growth in the coming years. The question is just how optimistic we should be.

With strong institutional backing and its unique technological approach, Hedera offers something different from traditional blockchain projects. As the crypto market evolves, this American-made hashgraph with major corporate