HBAR Token Spikes 16% In One Day, Can Bulls Sustain the Momentum?

HBAR Token Spikes 16% In One Day, Can Bulls Sustain the Momentum?

HBAR has soared with momentum after the US Federal Reserve adopted the Hedera Hashgraph-based Dropp micropayments platform. According to the announcement, Dropp is now on the list of service providers on Fed’s FedNow instant payment system. 
Following this news, HBAR’s market sentiment improved, causing a rapid price surge that propelled the token from $ 0.0561 to $0.06544. This represents an over 16% increase in the last 24 hours. However, HBAR price has crossed the overbought region, raising questions about how long the current rally can last.
FedNow Adds Hedera Hashgraph-Powered Dropp To Its List Of Service Providers
On July 20, the US Federal Reserve launched the FedNow instant payment system. This payment system allows banks and credit unions to transfer money for customers any time, any day, instantly.
However, according to the latest development, FedNow adopted Dropp, a micropayment platform built on Hedera as a service provider. Dropp allows users to use micropayments for

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