Skip to content
Crypto News Focus logo CNF_CRYPTO_NEWS_FOCUS_LOGO 8

Crypto News Focus

your day to day crypto news site

Primary Menu
  • Home
  • News
    • Bitcoin News
    • Ripple XRP news
    • Ethereum News
    • Cardano News
    • Shiba Inu News
    • Pi Network News
    • More
  • Analysis
  • PR Desk
  • About Us
  • General Policy & Privacy
  • Guides
    • Bitcoin Guides
    • Pi Network Guide
    • Cardano Guide
  • Politics
  • Tech
  • Home
  • News
  • Verifiable Compute Fuels Hedera (HBAR) Surge Towards $1
  • Analysis
  • News

Verifiable Compute Fuels Hedera (HBAR) Surge Towards $1

Jane Kariuki 19 December 2024
Hedera logo on green
  • Hedera Hashgraph (HBAR) is set for a significant surge as EQTY Lab and NVIDIA launch the Verifiable Compute tool on the Hedera network, enhancing AI governance and immutable record-keeping.
  • This innovation, coupled with potential market milestones and regulatory advancements, positions HBAR for an all-time high, possibly reaching $1.

Hedera Hashgraph (HBAR) is gearing up for a monumental leap as EQTY Lab and NVIDIA introduce a groundbreaking Verifiable Compute tool. This innovative solution leverages the Hedera network to enhance AI governance, compliance, and immutable record-keeping. With such advancements, experts are optimistic about HBAR’s journey toward an all-time high, potentially hitting $1.

EQTY Lab and NVIDIA Unveil Verifiable Compute

In a collaborative effort to advance AI transparency and security, EQTY Lab and NVIDIA have partnered to launch Verifiable Compute. This initiative is built on the Hedera network’s robust infrastructure, providing a decentralized solution for securing AI workflows. By ensuring immutable and verified records, Verifiable Compute creates a new standard for enterprise AI operations.

Key Features of Verifiable Compute

  1. Enhanced Governance and Compliance
    Hedera’s decentralized nature allows for strict regulatory adherence, ensuring that AI operations remain compliant across various jurisdictions. This facilitates adaptability and security, which is critical for businesses operating globally.
  2. Immutable Record Keeping
    With Hedera’s tamper-proof ledger, all AI computations are securely logged, providing a transparent and unalterable history of operations. This feature is crucial for detecting security breaches and maintaining trust in AI systems.
  3. Smart Contract Orchestration
    The integration of smart contracts into Verifiable Compute operates seamlessly with Hedera’s infrastructure, offering a hardware-binding solution for AI protocols. This ensures efficient, secure, and reliable AI operations.

The Impact on HBAR

The introduction of Verifiable Compute has sparked significant excitement within the crypto community. Analysts predict that the price of HBAR could experience a significant surge, potentially reaching $1 in the near future. This optimistic outlook is bolstered by HBAR’s current performance, with recent gains showcasing its resilience.

Price Analysis and Market Trends

Currently, HBAR is trading at $0.2724, despite a 7% decline in the last 24 hours. However, its 30-day and 90-day performance charts reflect substantial gains—80% and 412%, respectively. These positive trends indicate a solid foundation for future price growth, especially as enterprise adoption of decentralized technologies expands.

Technical Indicators

  • Support Level: $0.270
  • Resistance Level: $0.31
  • Analysts suggest that surpassing these levels could lead to further gains, with potential targets set at $0.37 and $0.61. A successful breach of these resistance points could set HBAR on a clear path toward $1.

Future Prospects

The anticipated approval of the spot HBAR Exchange Traded Fund (ETF) by Canary Capital adds to the bullish sentiment surrounding HBAR. This could further fuel demand and drive the asset toward its next major milestone—$1.

In conclusion, Hedera’s innovative Verifiable Compute solution, combined with its strong blockchain infrastructure, positions HBAR as a promising asset with significant growth potential. As adoption continues to rise, the journey toward an all-time high seems inevitable.

Continue Reading

Previous: VTIS 2024 Conference: A Comprehensive Look at the Future of Technology and Finance
Next: SatLayer’s Integration with Sui Marks a New Era for Bitcoin in DeFi

Related Stories

Cardano ADA under the sand
  • Analysis

Cardano Hits 110 Million Transactions as DeFi and NFT Adoption Grow

Sean Williams 2 June 2025
Ripple Logo on a black background
  • News

Ripple Challenges SWIFT with XRP and RLUSD Stablecoin Payment Platform

vivian 2 June 2025
SOLANA PRICE ANALYSIS IMAGE
  • Analysis

Solana Faces Pressure Below $160 with Support at $155 and $152

Cal Evans 2 June 2025

For general inquiries, please email us at Info@cryptonewsfocus.com

Crypto news focus is your day-to-day crypto news site. Get all the latest News and trends in the crypto, blockchain, and DeFi space. For more info and inquiries, reach out via email at info@cryptonewsfocus.com

You may have missed

Cardano ADA under the sand
  • Analysis

Cardano Hits 110 Million Transactions as DeFi and NFT Adoption Grow

Sean Williams 2 June 2025
Ripple Logo on a black background
  • News

Ripple Challenges SWIFT with XRP and RLUSD Stablecoin Payment Platform

vivian 2 June 2025
SOLANA PRICE ANALYSIS IMAGE
  • Analysis

Solana Faces Pressure Below $160 with Support at $155 and $152

Cal Evans 2 June 2025
Ethereum ETH coin on a blackish background
  • News

SEC Questions Legality of Ethereum and Solana ETFs with Staking Features

Sean Williams 2 June 2025

Social Media

Crypto News Focus © All rights reserved | MoreNews by AF themes.
Go to mobile version
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok