Hedera (HBAR) has reached its highest price in four months as part of a broader cryptocurrency market rally. This upward movement has also benefited cryptocurrencies that are considered to be “Made in USA,” with several of them recording double-digit gains in value. The overall positive sentiment in the market has contributed to increased investor interest and confidence in various digital assets, including HBAR.

Over the past 24 hours, HBAR has seen a significant increase of 24.7%, reflecting growing investor confidence in the project's long-term potential. Many industry analysts believe that HBAR could soon surpass its previous all-time high (ATH), which was recorded at around $0.56. According to recent market data, HBAR reached a price of $0.258 on the day of the report, marking its highest level since March 7. This rise has also led to an increase in the coin’s market capitalization, which now exceeds that of Chainlink (LINK), placing it at the 14th position among the top cryptocurrencies by market cap.

However, the price of HBAR experienced a slight decline shortly after reaching this peak, and the market position fluctuated again. As of the time of writing, BeInCrypto reported that HBAR was trading at $0.250. Despite the short-term volatility, the asset has shown strong performance over the past week, with a total increase of 56.6%. This outperforms the broader cryptocurrency market and reflects the growing interest from investors.

The recent price surge is partly attributed to strategic developments involving Hedera. On July 10, EQTY Lab announced a partnership with NVIDIA, SCAN UK, Accenture Public Sector, and Hedera to advance its Verifiable Compute initiative. This collaboration aims to enhance the security, performance, and compliance of sovereign AI systems by utilizing NVIDIA’s Blackwell architecture and Hedera’s cryptographic protocols.

Additionally, HBAR has gained recognition through its inclusion in the Grayscale Smart Contract Platform Fund (GSC Fund), where it replaced Polkadot (DOT). This move further solidifies HBAR’s standing within institutional investment portfolios. Moreover, HBAR was listed on the Kraken exchange on July 10, increasing its accessibility and legitimacy within the broader crypto ecosystem.

These developments have contributed to a more optimistic outlook for HBAR among market observers. In a recent post on X (formerly Twitter), a well-known analyst known as Merlijn The Trader stated that HBAR’s recent breakout presents a strong opportunity for further price appreciation. Another analyst also suggested that HBAR could potentially reach $0.70, surpassing its previous ATH.

Alongside HBAR, the broader category of “Made in USA” cryptocurrencies has also experienced notable growth. The collective market capitalization of these assets reached $496 billion, representing a 6% increase over the past 24 hours. Coins such as Stellar (XLM) and Algorand (ALGO) have performed particularly well, with XLM rising by 99.2% and ALGO increasing by 60.8% over the past week.

With the ongoing market rally and continued investor support, HBAR appears to be well-positioned for further growth. However, maintaining this momentum will be essential as the cryptocurrency market remains subject to fluctuations and external influences. Investors should remain vigilant and monitor market conditions as HBAR continues to evolve within the broader digital asset landscape.

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