![Hedera’s [HBAR] latest report highlights growth in these areas](https://i.headtopics.com/images/2023/1/28/cryptoamb/hedera-s-hbar-latest-report-highlights-growth-in-t-hedera-s-hbar-latest-report-highlights-growth-in-t-1619282387896000512.webp)
Hedera reveals a list of achievements it made in 2022 underscoring healthy growth. HBAR’s long-term outlook looks interesting but current price action is marked by indecisiveness. The Hedera blockchain’s 2022 community update is out and the results of the network’s performance are in. And for those interested in its performance and that of its native […]
Hedera kept its community together through various events throughout the year. In addition, the report reveals that the network issued 195 grants targeting the expansion of its ecosystem.
These findings confirm the healthy state of the network, which means it managed to overcome the market challenges.The report findings do indicate that Hedera is in good shape in terms of network health. But not so much for the HBAR cryptocurrency. The latter is still down by more than 80% from its ATH despite its recent rally. It traded at $0.068 at press time, which represents a 91% uptick from the current 12-month lows.
Also, Hedera maintained healthy development activity since the start of January. This is a favorable template for HBAR’s long-term outlook because it may boost investors’ confidence. The favorable outlook is further supported by decent demand from the derivatives market.Unfortunately, the short-term outlook does not necessarily reflect these findings. For example, HBAR’s volume, at press time, was down to a weekly low, and this has not favored directional performance.
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