Hedera (HBAR) experienced a significant price increase, surging over 16% to $0.21 on October 28, following the launch of the Canary HBAR ETF on Nasdaq. This new ETF, which provides direct spot exposure to HBAR, is backed by custody services from BitGo and Coinbase Custody, boosting HBAR's market cap by over $1 billion.
Finbold's AI models, including Claude Sonnet 4 and GPT-4o, predict an average HBAR price of $0.245 over the next 60 days, with potential gains reaching 17.8%. The models suggest an upside scenario of $0.27 and a downside of $0.22. Additionally, ChatGPT-5 forecasts HBAR could reach $0.25 to $0.30 by the end of 2025, contingent on strong ETF volumes and fundamentals.
HBAR Surges 16% as New ETF Launches on Nasdaq
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