There's plenty for investors to digest when it comes to the world of cryptocurrencies as we kick off 2024. Of course, the usual megacap tokens are going to be top of mind for most following this sector. However, for those intrigued by altcoins and smaller projects with higher upside, Hedera (CRYPTO: HBAR) is one project to keep an eye on right now.

As of 12:30 p.m. ET Tuesday, Hedera's 10.9% move has pushed this token to a fresh 52-week high, meaning Hedera is now within spitting distance of the key psychological $0.10 level. Now, that's still roughly 80% below this token's previous 2021 peak around $0.50, but it's certainly a directionally positive move.

Aside from the sectorwide momentum many cryptos are seeing today (due in large part to speculation that a spot Bitcoin ETF could be right around the corner), Hedera has some unique token-specific catalysts worth diving into. So, let's do just that.

Continue reading

Source Fool.com