$HBAR Rallies 14% on Hedera's RWA Push and Clarity Act Momentum
Hedera Hashgraph's native token $HBAR has seen a significant surge of 14% this week, driven by its aggressive push into real-world asset (RWA) tokenization. According to Santiment data, Hedera leads in RWA development with a score of 96.9%, surpassing Chainlink, Avalanche, and Stellar.
This strong performance comes on the heels of several recent partnerships, including one between Archax and Hedera to advance tokenized securities through real-time streaming of cash flows. Another partner, Asseto, joined the chain this month, followed by Utila's integration as an institutional stablecoin platform offering custody and wallet services.
The $HBAR price has also been influenced by renewed momentum for the CLARITY Act, a crypto bill that could have significant implications for tokenized securities. If the market structure flips bullish with a daily close above the 50-day Moving Average (MA), the next upside target would be the 200-day MA at $0.09, representing an 18% potential gain.