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Hedera is preparing for a smart contract upgrade and is leading the market recovery

On the basis of the HederaStarter launch announcement, Hedera’s HBAR is leading a crypto market bounce with a 14 percent gain in the previous 24 hours to trade at US$0.2306, as the ecosystem prepares for its smart contract era.

HederaStarter is set to deploy in the coming months and will act as a launchpad for the Hedera Hashgraph Network, which recently revealed interoperability with the Ethereum Virtual Machine.

Hedera Hashgraph is a public distributed ledger network and governing body with high-profile companies like Google and IBM as members.

In a broader crypto market recovery, Bitcoin is up 2.48 percent and trading at US$38,099 this morning, while Ethereum is up 1.77 percent and trading at around US$2,632.

The crypto market has been on a downward trend for over a week, with Bitcoin plunging below US$37,000 as tensions between Russia and Ukraine escalated.

 

Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.

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