HBAR price soars as South Korean trading app Salt launches on Hedera

• HBAR price rose 15% to hit highs of $0.20 as Bitcoin jumped to a new all-time high.
• Salt app launch on Hedera amid overall bullish sentiment could push HBAR price to key resistance at $0.37.
• The all-time high of $0.57 reached in September 2021 is a potential short-term target.

HBAR, the native token of Hedera, has jumped by more than 15% in the past 24 hours to hit highs of $0.20.

This comes amid Bitcoin’s spike and news related to the launch of Salt, a South Korean-based mobile trading application on Hedera.

The token is also up amid the recent announcement of a milestone integration involving NVIDIA Blackwell, EQTY Lab’s Verifiable Compute, SCAN UK, Accenture Public Sector, and Hedera.

Could these developments spark further adoption for HBAR and hence boost the token’s price?

Hedera (HBAR) price spikes amid Salt beta launch

Salt’s beta version is going live on Hedera, a move the Hedera Foundation announced early Friday.

The integration has catalyzed a notable increase in HBAR’s price, which is up 15% in the last 24 hours and over 32% higher over the past week.

Salt’s integration on Hedera is eyeing the MemeFi space, the Hedera Foundation said.

The South Korea-based app will leverage the Hedera network’s scalability and efficiency, offering users access to over 30 chains and major decentralized exchanges (DEXs).

The strategic importance of this partnership is that it expands Hedera’s presence in the Asia Pacific region. It will make DeFi on Hedera “fast, familiar, and fun”.

“SALT is a mobile trading app on Hedera that makes DeFi feel fast, familiar, and fun. One-click wallets get you in, smart routing gets you the best trade, and a clean interface keeps you moving,” Hedera Foundation posted on X.

This broad connectivity is expected to attract a diverse user base, fostering increased trading activity and liquidity for HBAR.

Additionally, Salt’s reward system, which allows traders to earn points through swaps, referrals, and engagement, further incentivizes user participation, potentially driving demand for HBAR.

Hedera price prediction

As well as the overall Bitcoin-driven bullish sentiment, the surge in HBAR’s price is getting upward support from recent Hedera ecosystem milestones.

One of these is an announcement that sees the NVIDIA Blackwell platform support EQTY Lab’s Verifiable Compute deployment.

Per an announcement, the collaboration also involves computer hardware suppliers SCAN UK and Accenture Public Sector.

The EQTY Lab’s initiative is built on Hedera, adding to the potential adoption exposure for HBAR.

According to market analysts, HBAR price can target the robust resistance level at $0.37 if bulls go higher.

Further legs up will bring the all-time high of $0.57, achieved in September 2021, into view as a potential short-term target.

However, the key support levels remain around $0.13.