Hedera Joins UKCBC: A Milestone for Crypto in the UK

In the cryptocurrency world, which is full of innovation and moves quicker than ever, there has been a lot of chatter and hopes concerning recent excitement. As the market value rises astronomically, the popularity of crypto and blockchain systems increases phenomenally. Hedera (HBAR) has gained a certain amount of attention in its pack owing to its exceptional accomplishments. Among the most remarkable factors, it has to be an extensive and mighty network, so the company will undoubtedly be very excited about entering a new stage.

The growing inclusion of cryptocurrencies and blockchain technologies in the world financial system is irrefutable. Since several countries in the Global South have shifted their priorities to particular projects, a headline story in the UK has become a game changer for investors and crypto lovers. Hedera’s latest pronouncements pave the way for a new era of proliferation and cooperation.

Hedera has become an official member of UKCBC and the United Kingdom Crypto Asset Business Council, alongside significant players like ArchaxEx, Coinbase, Ripple, Uniswap Labs, etc. This coalition’s goal is to push the limits of innovation and growth in the UK’s Web3 space. The crypto-community readily accepted the listing of Crypto companies Britain’s four leading crypto-crypto community. The market value of the digital currency shot up rapidly after that.

Following the announcement of this newsletter, the dollar value of HBAR has become a focus point of the market’s attention. HBAR experienced a 6% increase as news broke, climbing to $0.111. This recovery partly makes up for a 12% drop recorded in the previous week. The impressive Bitcoin upswing in the last 30 days does not seem to have warned off the HBAR, as it only grew by 7%.

Moreover, with HBAR’s value in the market rising to $3.7 billion by an impressive 6% and the trading volume in the last 24 hours dropping to $88.4 million by 8%, its trading volume decreased in the same period. This falloff in trading volume had various views noted by investors. Thus, the rising interest in storing their assets rather than trading them might result from the increasing trust in Hedera or the recent increase in people’s interest in the company.

The UK’s support for Hedera will shape how the cryptocurrency will be adopted. As the partnership progresses, crypto community members are closely following to know how strategic the partnership is in terms of the central long-term position of HBAR and its growth trajectory.

Scott Cook

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.

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