Hedera's recent price movement can be attributed to its integration with Chainlink's suite of smart data products, which aims to accelerate the growth of decentralized finance (DeFi) and tokenized real-world assets on the Hedera network. This integration, announced on December 16, allows developers to access high-quality data and proof-of-reserve verification, enhancing the capabilities of DeFi applications on Hedera. Elaine Song, vice president of strategy at The HBAR Foundation, emphasized the importance of this development, stating that it enables "increased access to high-quality, tamper-proof data backed by decentralized infrastructure."
Additionally, the anticipation of new crypto ETFs in 2025, including potential offerings for Hedera, has contributed to positive sentiment around the cryptocurrency. Bloomberg analysts have highlighted the possibility of Hedera being among the next wave of crypto ETFs, following anticipated changes in SEC leadership. This potential regulatory shift has bolstered investor confidence in Hedera's future prospects, as it is not classified as a security, making it a likely candidate for ETF approval.
Hedera's price has seen a 1.99% increase today, reaching $0.288140, with a high of $0.297823 and a low of $0.275696.