hedera cryptocurrency coin on colorful background, color art
The cryptocurrency landscape is evolving rapidly, and Hedera Hashgraph is at the forefront of blockchain innovation. In an exciting development, the Hedera network has joined Google BigQuery, offering unmatched accessibility to its full transaction history. This collaboration is set to redefine transparency and usability in the blockchain space, providing developers, enterprises, and analysts with unparalleled tools to gain insights and make informed decisions.
Hedera and Google BigQuery: A Powerful Partnership
Hedera’s integration with BigQuery, one of Google Cloud’s most robust tools, allows users to query the platform’s entire transaction history without needing unique setups. This move positions Hedera alongside major blockchain networks like Bitcoin, Ethereum, and Tron, enhancing its appeal for enterprises and developers alike.
According to the Hedera Foundation’s announcement, this new accessibility empowers users to perform cross-chain analytics and research effortlessly. Developers can analyze token activity, transaction speeds, NFTs, DeFi trends, and network costs with ease. This will not only improve blockchain transparency but also pave the way for enhanced institutional adoption and enterprise-grade applications.
What This Means for Businesses
The integration simplifies the process of analyzing blockchain activity, offering users query-ready datasets to assess transaction speed, performance, and costs. For instance, companies now have the capability to compare Hedera’s platform to others in terms of financial efficiency. From tracking tokenized assets to deeper exploration of DeFi and NFT trends, the possibilities are vast.
This initiative bolsters Hedera’s appeal for businesses involved in ESG tracking, supply chain management, and Web3 development, as well as enhancing its position within the lucrative decentralized finance (DeFi) sector. Google Cloud’s reliable infrastructure ensures up-to-date, scalable, and easily queryable data, enabling seamless integration into various industries.
The Impact on HBAR Token
Hedera’s native token, HBAR, has seen a notable uptick in performance following this announcement. As the market shows signs of resurgence, HBAR gained 9% in the past 24 hours, trading at $0.1896. Increased daily trading volume of 135% signals renewed investor interest, positioning the token for further growth.
Technical indicators support this positive trend. The 4-hour Relative Strength Index (RSI) at 63 demonstrates strong buyer momentum. Additionally, the Moving Average Convergence Divergence (MACD) shows bullish momentum, suggesting potential surges to resistance levels of up to $0.1972.
Explore Opportunities in Blockchain Analytics
If you’re an enterprise looking to dive into blockchain or a developer aiming to capitalize on its potential, Hedera’s partnership with Google BigQuery equips you with the tools to stay ahead. The ability to track historical data, analyze trends, and perform comparative research makes Hedera a leading choice in the blockchain ecosystem.
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