In the waning days of October, the tale of Hedera, or as the commoners call it, HBAR, unfolded with melancholy tinged humor. Having relinquished a sorrowful 13% of its value, it trekked down anew by a modest 3% in the succeeding hours, settling at the demure price of $0.19 on the second of November, reminiscent of a mournful poet in the throes of despair. But all was not lost; for as the winds of macroeconomic trepidation softened, the Treasury scrip-like impairments of funds to the tune of $44 million began to flow towards the Canary’s HBAR ETF. In a twist fit for the most ornate of Russian novels, institutional investors, like characters torn between Scylla and Charybdis, beheld the enterprise prospects of HBAR with a cautiously optimistic eye.
Do Corporate Giants Favour Hedera Over the Humble Litecoin?
Canary’s HBAR ETF, with aspirations grander than Raskolnikov’s, found its way onto the trading floors of Nasdaq in an affair akin to the birth of Nicholas Gogol’s “Dead Souls.” It embarked on this odyssey amidst others, such as Solana and the underdog, Litecoin, on the 28th of October. On the day of its worldly debut, it leapt to a 20-day acme of $0.21, only to retreat coyly within the narrow corridor of $0.19 to $0.20. It was a spectacle most would describe as harbinger of a “sell-the-news” maneuver, where roguish speculators, much like the countless opportunists of Gogol’s Russian landscape, grasped at ephemeral profit amidst transient delirium.
Meanwhile, upon the greater stage of fiscal machinations, Jerome Powell, a figure reminiscent of the ominous Fates themselves, uttered words underplaying the likelihood of yet another pecuniary retreat, known to the mortal coil as a rate cut. This did little to elate the spirits of those gambling on risk-on endeavors.
Hedera (HBAR) price touches the nadir at $0.19 with an $8B market cap on November 2, 2025 | Source: Coinmarketcap
Yet, the abandoned theatre of economic grandeur unveiled that Canary’s HBAR ETF was courted by an influx of $44 million in net inflows, amassing wealth like a miserly Raskolnikov, measuring out to $45.93 million in net assets within its inaugural week. In stark contrast stood Litecoin’s own ETF, receiving but a trifling $719,970 in both nobility and funds, embodying a 1.64 million asset embrace.
Canary’s (HBR) Hedera ETF ($44M) in contrast to Litecoin (LTCC) ETF ($719,970) inaugural week netflows | Source: SosoValue
The jarring chasm between the LTCC and HBR inflows was a theatrical revelation, laying bare the institutional predilection, casting a visionary gaze upon Hedera’s enterprise solutions, as if choosing them over the plainer, payments-oriented utility of Litecoin.
Hedera, like a grand duke with an acumen for enterprise and sobriety, positions itself with networks and governance tailored for the august assemblies of major corporations. Such alliances extend to patrons and sovereign entities alike, including the United States Department of Defense and the Qatar Financial Centre, a plot as if plucked from an adventurous novel by Dostoevsky himself.
In a lighter scene, Litecoin garners attention in the global theatre of transactions, with the gaming consortium, Stake.com, shamelessly contributing 16% to its daily interactions, an entertaining subplot amidst the grand narrative.
Despite a minor descent on a Sunday most fair, Hedera’s fortunes stood at a commanding $8 billion market capitalization, leaping nimbly past Litecoin’s $7.8 billion, ascending the ranks to become the nineteenth most colossal of cryptocurrencies, nigh a reflection of characters’ fortunes in “The Gambler”.
HBAR Price Forecast: A Path Strung with the Threads of Destiny?
In the grand dramatic fashion reminiscent of Dostoevsky’s best work, a potential 150% ascent for Hedera beckons as revealed by a falling wedge pattern upon the HBAR/USDT daily chart, a twist worthy of “The Brothers Karamazov.” Peering into the future, HBAR hovers under the shadow of wedge resistance near $0.21. A brave departure above, akin to a Dostoevskian hero’s moment of epiphany, might herald a long-awaited bullish ascension, nigh reaching the saintly $0.50.
Hedera (HBAR) technical price analysis, November 2, 2025 | TradingView
The moving averages, like the steady hand of a keen inspector, lay tight together, the 50-day SMA at $0.20, playfully supporting while above, the 100-day and 200-day SMA, courtiers at the masquerade ball, linger at $0.22 and $0.20, suggesting a storm of volatility looms, waiting for HBAR to declare its next move.
And thus, the MACD line crosses the signal line with the stealthy confidence of a Raskolnikov’s resolve, whilst the RSI trends downward, yet above the precipice of 53.6. The frenzy of the ETF’s arrival now dissipates into the ether, giving way to cold, hard foresight.
Should HBAR’s trajectory carry it above the hallowed $0.21, a cascade of increments beckons: a rise to $0.28, onward to $0.35, and ultimately facing the monumental leap towards the fabled $0.50. However, the shadow of a fall waits with open arms beneath the mid-range support of $0.18, threatening a swoon to $0.15’s vale of oblivion.
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2025-11-02 18:54