Fake Nvidia, Hedera Partnership News Sends HBAR’s Market Cap up $2B

Following what turned out to be fake news of a partnership between Hedera and Nvidia, HBAR — the native asset of the Hedera network and a top twenty cryptocurrency by market cap — experienced an over 30% price surge, with the price peaking today, April 8. Starting yesterday, after dipping sharply to $0.126, the price of HBAR rallied to just over $0.16, while its market cap grew $2 billion, increasing from $5.3 billion to near $7 billion, according to CoinGecko data . HBAR has been trading sideways around $0.16 for the past week, before dipping and sharply rallying April 7-8. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant