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Hedera skips scheduled quarterly update, what’s next for HBAR?

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The crypto market just concluded an overall bearish week, during which HBAR experienced a significant downside. But the question is- How has the Hedera network faired in the last few days?

Is your portfolio green? Check out the Hedera Profit Calculator

The Hedera blockchain was scheduled for a quarterly testnet update on 27 April. This means the upgrade would have taken place sometime in the next few days.

However, the network recently announced that the update will not happen as planned. The decision is not expected to have much of an impact on the network.

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1/ The quarterly Hedera testnet reset that was scheduled for Thursday April 27th, 2023 will be skipped. No action needs to be taken as a result of this decision. See below for more details.

— Hedera (@hedera) April 22, 2023

The decision will reportedly give developers more time to make changes to Hedera Smart Contract Service’s previous changes. Those changes were introduced in v0.35.2 of the Hedera service release.

The next update is scheduled for 9 May and it will be a mainnet update.

HBAR maintained a significant amount of development activity in the last few days. While all was calm on the development front, the network dominance just registered a noteworthy spike to its highest weekly level.

HBAR social dominance and development activity

Source: Santiment

The spike might be related to a shift in HBAR’s demand dynamics especially in the derivatives segment. This is because the network dominance metric spike was accompanied by a spike in the Binance funding rate in the last 48 hours, at the time of writing.

This confirms a noteworthy HBAR demand uptick in the derivatives market.

The spike was also observed in HBAR’s price action which registered some consolidation at the $0.059 price level just above the 200-day MA.

The same price level demonstrated support in March. HBAR exchanged hands at $0.060, at the time of writing.

HBAR price action

Source: TradingView

How many are 1,10,100 HBARs worth today?

HBAR’s MFI indicates that the bears are on a bit of a recess after the weekly selloff that took place last week. Some upside in the same metric in the last two days might be a sign that accumulation is taking place.

However, daily volumes remain low which reflects the lack of enough bullish momentum for a sizable rally.

HBAR volume

Source: Santiment

Low bullish volume may indicate that investors are not yet confident about HBAR’s prospects in the next day.

In other words, the bears might have another chance at dominance if the market conditions allow.

However, there is still a chance that the market may enter a recovery phase, in which HBAR bulls might get a chance to bounce back.

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  • 14.10.25 08:46 robertalfred175

    CRYPTO SCAM RECOVERY SUCCESSFUL – A TESTIMONIAL OF LOST PASSWORD TO YOUR DIGITAL WALLET BACK. My name is Robert Alfred, Am from Australia. I’m sharing my experience in the hope that it helps others who have been victims of crypto scams. A few months ago, I fell victim to a fraudulent crypto investment scheme linked to a broker company. I had invested heavily during a time when Bitcoin prices were rising, thinking it was a good opportunity. Unfortunately, I was scammed out of $120,000 AUD and the broker denied me access to my digital wallet and assets. It was a devastating experience that caused many sleepless nights. Crypto scams are increasingly common and often involve fake trading platforms, phishing attacks, and misleading investment opportunities. In my desperation, a friend from the crypto community recommended Capital Crypto Recovery Service, known for helping victims recover lost or stolen funds. After doing some research and reading multiple positive reviews, I reached out to Capital Crypto Recovery. I provided all the necessary information—wallet addresses, transaction history, and communication logs. Their expert team responded immediately and began investigating. Using advanced blockchain tracking techniques, they were able to trace the stolen Dogecoin, identify the scammer’s wallet, and coordinate with relevant authorities to freeze the funds before they could be moved. Incredibly, within 24 hours, Capital Crypto Recovery successfully recovered the majority of my stolen crypto assets. I was beyond relieved and truly grateful. Their professionalism, transparency, and constant communication throughout the process gave me hope during a very difficult time. If you’ve been a victim of a crypto scam, I highly recommend them with full confidence contacting: 📧 Email: [email protected] 📱 Telegram: @Capitalcryptorecover Contact: [email protected] 📞 Call/Text: +1 (336) 390-6684 🌐 Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 18:07 crypto

    Cryptocurrency's digital realm presents many opportunities, but it also conceals complex frauds. It is quite painful to lose your cryptocurrency to scam. You can feel harassed and lost as a result. If you have been the victim of a cryptocurrency scam, this guide explains what to do ASAP. Following these procedures will help you avoid further issues or get your money back. Communication with Marie ([email protected] and WhatsApp: +1 7127594675) can make all the difference.

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

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