In the past day, Hedera (HBAR) investors saw a big jump in activity, the busiest in over a month. A mix-up involving BlackRock led to a quick rise in the token’s price from $0.09 to $0.17 in just two hours. Afterwards, the price started dropping again.

What Happened with HBAR?

A misunderstanding shook up the HBAR price right away. Gossip about BlackRock's (NYSE: BLK) ICS USA possibly working on tokenization got people excited for a short while.

But once the mix-up was sorted out, HBAR's price fell back down, leaving folks wondering what comes next for the token after about a month of things staying steady.

Predictions for HBAR's Price

Based on artificial intelligence predictions, HBAR isn't likely to shoot up suddenly after the mix-up, but the momentum might be enough to keep it moving slightly upwards.

The AI suggests Hedera will keep climbing slowly over the next week, reaching around $0.137059 by May 1, 2024, which is about 2.33% higher than its current price of $0.1321.

Additionally, well-known crypto analysts Credible Crypto and CrediBULL Crypto are more upbeat than the AI predictions. They hinted in a post dated April 24 that HBAR could be on the brink of a big jump, showing more optimism than the AI.

Looking Ahead for HBAR

Even if the price could hit $0.22 in the next 48 hours or reach $0.137 in a week, HBAR's recent price performance is noteworthy, even if it was sparked by a misunderstanding.

Despite recent drops, Hedera still shows a positive 24-hour outlook of 52.18%, reflecting a weekly increase of 71.68%.