The Distributed Professor’s Professor Book Platform (HBAR) has suffered a large capital flow of approximately one billion dollars after it turned out that the news of cooperation with the semiconductor giant NVIDIA (NASDAQ: NVDA) was a hoax.
The wrong report claimed that NVIDIA was exploring ways to integrate HEDERA technology to check the actual time of data created in artificial intelligence.
Investors reacted quickly, as they pumped the market value of HBAR by about two billion dollars and paid the value to about 6.99 billion dollars on April 8.
However, when it appeared that the news was fake, the HEDERA market ceiling decreased to $ 6.03 billion, at a loss of $ 960 million, before settling about 6.31 billion dollars at the time of the press.
The wrong claim was initially distributed through the LinkedIn post, which quickly raised many red flags.
For example, the LinkedIn account behind the post had only two of the previous entries, lacking any legal contact with NVIDIA, and it was not possible to find the employee mentioned in the post in public records as linked to the artificial intelligence giant.
In addition, NVIDIA or HEDERA did not issue any official statement confirming cooperation.
HBAR price analysis
As expected, the sale pressure has negatively affected the price of HBAR, which is already in the midst of a wider sale in the market. At the time of reporting, the original value was $ 0.1503, a decrease of more than 6 % in the past 24 hours. In the weekly time frame, HEDERA decreased by 11 %.
According to its technical preparation, which is still weak, the feelings of Hedra are declining. The price is less than a 50 -day moving average (SMA) of $ 0.207583 and 200 days SMA from 0.18421 dollars, indicating a decline in both short and long.
Finally, the Fear & Greed index is 26 years old, which indicates fear, which is often linked to more negative or possible accumulation areas.
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