Hedera’s HBAR is leading a crypto market bounce with a 14% surge over the last 24 hours to trade at US$0.2306 on the back of the HederaStarter launch announcement as the ecosystem preps for its smart contract era.
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- HederaStarter is slated to begin operations in the coming months and will serve as a launchpad for the Hedera Hashgraph Network, which recently announced Ethereum Virtual Machine compatibility.
- Hedera Hashgraph is a public distributed ledger network and governing body that includes high-profile firms such as Google and IBM.
- In a wider crypto market recovery, Bitcoin is up about 2.48% and trading at US$38,099 on Wednesday morning, while Ethereum is also up 1.77% and currently trading at about US$2,632.
- The crypto market had a bear run for over a week, with Bitcoin falling below US$37,000 amid intensified Russia-Ukraine tensions.