Hedera Surges to $0.13 on IBM Cloud Listing and NVIDIA Association
Hedera, also known as HBAR, saw significant price gains on September 29, briefly touching $0.13 after a listing on IBM Cloud and an association with NVIDIA's AI agent safety framework.
The token rose to an intraday high of $0.1306 before pulling back to around $0.118, with a 24-hour trading volume of approximately $1.47 billion and a market capitalization of roughly $5.16 billion.
The IBM Cloud catalog listing was the primary driver behind the rally, according to CoinMarketCap data. The Hashgraph Group's IDTrust service, an identity verification platform targeting AI agents, connected devices, and individuals, had been listed on the catalog.
NVIDIA's announcement of its Open Agent Safety Platform also contributed to HBAR's price surge, despite a lack of direct mention in NVIDIA's official press release. However, Hedera's official X account posted that a Hedera Council representative was participating in the framework.
Crypto analyst Crypto Patel presented an aggressive scenario with upside targets at $0.15, $0.21, and ultimately $1.00 for HBAR. On the downside, he identified $0.07 as the level that would invalidate the bullish scenario.