"HBAR does seem to have potential but I don't know if the analyst's expectations are wrong."
The Hedera Network (HBAR) in 2023 managed to make several technical advances in the cryptocurrency market when driving the development and introduction of new products built on Hashgraph technology.
The HBAR Foundation has announced the migration of Fresh Supply Co (FSCO), Mastercard Provenance's largest user and Commonwealth Bank partner, from Mastercard's private blockchain to HBAR's public network.
Initially, Mastercard leveraged blockchain technology with leverage capabilities and value-added services to achieve transparency and efficiency in complex supply chain management.
However, FSCO began to transfer all existing operations to the network of digital assets using the Hedera Consensus Service (HSC) and the HBAR Token Service.
This is because FSCO intends for state organizations to also collaborate with the Hedera Guardian service, where it is a scalable, decentralized and open-source solution that combines industry-leading identity management and distributed ledger technology (DLT).
Among the reasons FSCO is pleased to bring its technology, network and customer base to the HBAR network is the maturity of the Administrative Council including low and fixed expenses.
Additionally, a music-focused non-fungible token (NFT) application dubbed Mynt is also transitioning from the Ethereum (ETH) blockchain to the HBAR network.
That streak, investors think that HBAR has the potential to break through more than $1 in the future, where now its price managed to climb by 6.37% to trade at $0.06 in the last 24 hours with a market capitalization of $2 billion.
