• Hedera’s price extends its gains on Friday after rallying over 38% so far this week.
  • HBAR Foundation announces that Vaultik and the World Gemological Institute have partnered to tokenize $3 billion RWAs on the Hedera network.
  • On-chain data also paints a bullish picture as HBAR’s Open Interest and TVL reach record levels.

Hedera’s (HBAR) price extends its gains, trading at $0.384 on Friday after rallying more than 38% this week. HBAR Foundation announces that Vaultik and the World Gemological Institute have partnered to tokenize $3 billion worth of diamonds, gemstones, watches, and jewelry as Real World Assets (RWAs) on the Hedera network. On-chain data also paints a bullish picture as HBAR’s Open Interest and Total Value Locked reach record levels, suggesting a rally continuation targeting all-time highs.

Hedera announces partnership with Vaultik and World Gemological Institute to tokenize $3 billion in diamonds and gemstones

HBAR Foundation announced on Wednesday that it has partnered with Vaultik (the cutting-edge luxury fintech platform) and the World Gemological Institute (United Kingdom’s largest and most trusted gemstone certification lab) to tokenize $3 billion worth of diamonds, gemstones, watches, and jewelry as Real World Assets (RWAs) on the Hedera network.

“Through this partnership, Vaultik and WGI are addressing some of the most pressing challenges in the luxury market, including fraud and lack of transparency, by creating immutable digital certificates,” says HBAR Foundation in its X post.

Partnerships like these are seen as strong foundations for Hedera’s future growth in the crypto space. Investors are optimistic and confident about the Hedera ecosystem, thus boosting the performance of its native token, HBAR.

HBAR’s strong on-chain metrics

HBAR’s on-chain metrics further support its bullish outlook. According to Coinglass’s data, the futures’ Open Interest (OI) in HBAR at exchanges rose from $290.77 million on Tuesday to $550.88 million on Friday, the highest level since its launch. An increasing OI represents new or additional money entering the market and new buying, which suggests a rally ahead in the Hedera price.

HBAR Open Interest chart. Source: Coinglass

HBAR Open Interest chart. Source: Coinglass

Additionally, crypto intelligence tracker DefiLlama data shows that HBAR’s Total Value Locked (TVL) increased from $162.39 million on Monday to $223.63 million on Friday, also the highest since its launch.

This increase in TVL indicates growing activity and interest within the Hedera ecosystem. It suggests that more users deposit or utilize assets within HBAR-based protocols, adding credence to the bullish outlook.

HBAR TVL chart. Source: DefiLlama

HBAR TVL chart. Source: DefiLlama

HBAR’s technical outlook remains strong 

Hedera price found support around its weekly support level of $0.258 on Monday and rallied more than 30% in the next three days. At the time of writing on Friday, HBAR continues to trade higher by 6% in the day at $0.384.

If HBAR continues its upward momentum, it could extend the rally to retest its all-time high (ATH) at $0.576, seen in November 2022.

The weekly chart’s Relative Strength Index (RSI) stands at 77, trading above its overbought level of 70. Traders should be cautious because the chances of a price pullback are increasing. Still, the RSI is still pointing upwards, so there is the possibility that the rally continues and the indicator remains above the overbought level.

HBAR/USDT weekly chart

HBAR/USDT weekly chart

(This story was corrected on January 17 at 09:25 GMT to state the correct name of Hedera, not Hedara.)


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Recommended content


Recommended Content

Editors’ Picks

How will BNB price react as Binance and Kraken delist USDT for EU countries?

How will BNB price react as Binance and Kraken delist USDT for EU countries?

On Monday, Binance officially discontinued spot trading pairs involving Tether’s USDT in the European Economic Area to align with the European Union’s Markets in Crypto-Assets Regulation. 

More Binance Coin News
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Bears target sub-$80,000 BTC, ETH 2-year lows, XRP yearly bottom

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Bears target sub-$80,000 BTC, ETH 2-year lows, XRP yearly bottom

Bitcoin price is hovering around $83,000 on Friday after it failed to close above the $85,000 resistance level earlier this week. 

More Cryptocurrencies News
Crypto stablecoin legislation advances, but Democrats say Trump’s USD1 raises red flags

Crypto stablecoin legislation advances, but Democrats say Trump’s USD1 raises red flags

The US Congress began reviewing a Crypto Stablecoin bill on Wednesday. This comes a week after Trump-backed WLFI announced the launch of its USD1 Stablecoin pegged 1:1 to the US dollar. 

More Cryptocurrencies News
Solana extends decline amid upcoming $200 million unlocks

Solana extends decline amid upcoming $200 million unlocks

Solana declined 3% in Friday's early Asian session, impacted by an upcoming $200 million staked SOL unlock from four whale wallets, according to Arkham Intelligence.

More Solana News
Bitcoin: BTC remains calm before a storm

Bitcoin: BTC remains calm before a storm

Bitcoin's price has been consolidating between $85,000 and $88,000 this week. A K33 report explains how the markets are relatively calm and shaping up for volatility as traders absorb the tariff announcements. PlanB’s S2F model shows that Bitcoin looks extremely undervalued compared to Gold and the housing market.

Read full analysis
The Best brokers to trade EUR/USD

The Best brokers to trade EUR/USD

SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.

Read More

BTC

ETH

XRP