Hedera’s Blockchain Technology Gains Interest from NVIDIA and Intel

• Hedera’s blockchain technology is attracting attention from NVIDIA and Intel, positioning HBAR as a key player in AI transparency and trust.
• HBAR continues to expand its ecosystem with partnerships in stablecoins and real-world asset (RWA) tokenization.

Hedera’s native cryptocurrency, HBAR, is on the rise as major industry players like NVIDIA and Intel explore its blockchain technology for AI management. Analysts suggest HBAR could see significant price increases if it successfully crosses critical resistance levels.

NVIDIA & Intel Invest in Hedera

In a pivotal technology transition, NVIDIA and Intel, in partnership with EQTYLab, are developing an advanced AI governance platform on Hedera’s proof-of-stake blockchain. This project, named Verifiable Compute, is the first hardware-based solution designed to govern and audit AI processes.

This system utilizes the Hedera Consensus Service (HCS) to create a tamper-proof ledger that records AI computations conducted on NVIDIA GPUs and Intel CPUs. By implementing this architecture, the companies aim to boost transparency and trust in AI operations. Given the rising concerns regarding the ethical dimensions and operational oversight of AI, this solution is a significant step towards industry regulation.

The increasing adoption could substantially benefit Hedera’s price. Presently, HBAR is experiencing a pullback after a recent rally, with various technical indicators presenting mixed signals. The Relative Strength Index (RSI) is nearing overbought territory, indicating a possible short-term correction.

Conversely, the Moving Average Convergence Divergence (MACD) indicates bullish momentum, despite a recent bearish crossover. If the market momentum persists, HBAR could reach $0.504, with projections suggesting a daring climb to $0.962, reflecting a potential gain exceeding 144%.

HBAR’s Expanding Use Case: Stablecoins & RWA Tokenization

Simultaneously, HBAR’s ecosystem benefits from new partnerships in the digital finance sector. AUDD Stablecoin, led by CEO Effie Dimitropoulos, is set to launch on Hedera and other blockchain networks by April 1. Given that stablecoins can facilitate trillions of dollars in transactions annually, this partnership underscores Hedera’s growing influence in global digital payments.

In another significant development, RWA_xyz, an RWA tokenization platform, announced its integration of HBAR into its infrastructure. The firm has already allied with reputable blockchain projects, including XRP, Chainlink, a16z, and ONDO. This initiative positions Hedera at the forefront of the tokenized asset market, enhancing its standing in institutional finance.

Future Outlook Amid Strong Derivatives Market

Despite reaching a two-week high, HBAR remains in the consolidation stage. Overall, momentum in the broader crypto market is increasing social engagement with Hedera, notably among U.S.-based initiatives.

Consequently, the derivatives market presents an optimistic scenario. According to Coinglass data, Hedera’s futures open interest surged by 6.13% to $213.95 million in the last 24 hours. This indicates rising interest and confidence among derivatives traders, potentially fostering a significant rebound following recent declines. Recently, the US SEC confirmed the HBAR ETF proposal from Grayscale.