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Hedera (HBAR) Jumps 22% Following Nvidia Integration Announcement

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Hedera’s HBAR token surged by 22% on April 8, following fresh excitement over its involvement in Nvidia’s plans to boost data transparency and trust in artificial intelligence (AI) systems. The rally began after Anthony Rong, Nvidia’s regional vice president of engineering, posted on LinkedIn about the deepening partnership between Nvidia and Hedera.

The announcement sparked notable interest in HBAR, pushing the token to a high of $0.164 on Tuesday and lifting its total market value past $6.8 billion. Meanwhile, 24-hour trading activity jumped more than 30% to $559 million.

Hedera Boosts AI Trust

Rong explained that Hedera’s public ledger, valued for its speed, security, and low energy consumption, could become a key infrastructure in the real-time verification of AI-generated content. This would be especially useful in industries like autonomous driving, healthcare, finance, and supply chains, where data accuracy is critical.

According to Rong, Hedera’s system makes tracing the origin and path of data easier, helping reduce the risks of misinformation, system errors, or fraud. He also pointed out that Hedera’s energy-efficient design aligns well with Nvidia’s focus on sustainable, high-performance technologies.

Notably, the bullish momentum extended to other AI-related crypto assets. Tokens like Bittensor (TAO), Render (RENDER), Grass (GRASS), and Beldex (BDX) each gained between 11% and 14% during the same period.

What is HBAR?

HBAR is the utility token for the Hedera network, a decentralized, open-source platform that enables smart contracts, digital asset tokenization, and DApp development. It is used for transaction fees, staking for network security, and as a medium of value exchange on the platform.

Adding to the positive sentiment, crypto investment firm Canary Capital has filed for a spot HBAR exchange-traded fund (ETF). The firm submitted an S-1 registration form with the U.S. Securities and Exchange Commission to list a fund that will expose investors to HBAR’s market value without holding the token directly.

According to Canary, the ETF’s net asset value (NAV) will be determined based on HBAR’s price in U.S. dollars, tracked using data from CoinDesk. Meanwhile, Bloomberg ETF analysts Eric Balchunas and James Seyffart noted that a Hedera ETF might launch before similar Solana (SOL) and XRP funds.

The post Hedera (HBAR) Jumps 22% Following Nvidia Integration Announcement appeared first on Cointab.

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