A Trader Accidentally Bought $9,066 W orth of Hedera Hashgraph (HBAR) at $0.0 and it got filled!

Dalmas Ngetich
March 6, 2020 Updated April 8, 2024
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A trader has accidentally placed a limit buy order for Hedera Hashgraph (HBAR) at Binance that will probably cost him $9,066, the spot price of Bitcoin (BTC).

Hedera Hashgraph, its creators say, is a “decentralized public network where anyone can carve out a piece of cyberspace to transact, play, and socialize in a secure, trusted environment.”

From a screen grab that’s not doing rounds in Reddit, the trader probably meant to buy Bitcoin. But he switched pairs quickly and instead a $9,066 buy order was placed requesting purchase of HBAR at $0.0.

An irreversible blunder, the order was filled, and the transaction confirming the swap between fiat and HBAR was completed.

A howler.

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Hedera Hashgraph (HBAR) Market Performance

Hedera Hashgraph HBAR market performance
Hedera Hashgraph HBAR market performance

HBAR is trading at $0.054 at Binance, one of the largest cryptocurrency exchanges by adjusted trading volumes, and because of high liquidity, the order didn’t take long to fill.

With hindsight, the order was a golden opportunity for traders who had placed bets against the success of HBAR. The coin has proved critics wrongs and has continued to maintain an upward trajectory after the late February dip in crypto prices.

In the last trading day, the coin is up double-digits, adding 25% against the greenback. Week-to-date, HBAR has added 51%, an impressive performance and a mark of confidence by traders.

During this time, its liquidity and community have grown. For instance, its market cap has expanded and is now perched at 40th at $183 million. Although it is down 83% from its all-time high of $0.32 registered in Sep 2019, the coin is up 4.4X from its all-time low of $0.0098.

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Partnership with Google, Prices may never go back to Zero

Aside from above-average market performance, it has a deal with Google that will see the Search giant run a node on its Google Cloud Platform (GCP) as it builds a global, distributed network.

“Google, alongside other council members, are responsible for maintaining Hedera’s global infrastructure, protocol and product to create a trust layer for the internet. Google has joined our governance council because the company appreciates the model we’ve created.”

But it gets more interesting because per Google’s estimation, they project to generate a whopping $1.9 billion by 2024 from this partnership. Given this bullish estimation, HBAR could be undervalued with a massive upward potential.

Feature Image Courtesy of Glantz Design

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Dalmas is a very active cryptocurrency content creator and highly regarded technical analyst. He’s passionate about blockchain technology and the futuristic potential of cryptocurrencies and enjoys the opportunity to help educate bitcoin enthusiasts through his writing insights and coin price chart analysis. Follow him at @dalmas_ngetich
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.