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Snoop Dogg’s Tune.fm Partnership Drives HBAR Token Surge: Up 10.9% in Past 24 Hours

Snoop Dogg’s Tune.fm Partnership Drives HBAR Token Surge: Up 10.9% in Past 24 Hours

CryptoNewsCryptoNews2025/03/02 22:00
By:Arslan Butt
Last updated: March 2, 2025 07:06 EST
 
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

Hedera (HBAR) is riding a wave of bullish momentum, surging 10.9% in the last 24 hours and reaching a high of $0.262 before settling around $0.2477. Weekly gains now exceed 15%, with a 55% spike in trading volume, signaling increased market participation.

On-chain data also shows a net positive flow of $7.68 million, highlighting strong buying interest.

🚀 $HBAR is breaking out!

It just moved above descending resistance, which is a key sign of a trend change.

If it clears the next resistance, the price could climb fast toward $0.40.🚀

Strong breakouts with good volume often lead to bigger moves.

H/t @TheMoonCarl for the… pic.twitter.com/4pJbBfH0GQ

— Rananjay Singh (@TodayCryptoRj) March 1, 2025
 

At the time of writing, HBAR ranks 11th by market capitalization at $10.3 billion, supported by a 6.89% daily increase.

The latest rally follows a broader crypto market uptrend, as investors assess Bitcoin’s stability near $86K, ETF movements, and upcoming U.S. crypto regulations.

$HBAR is on fire!🔥 #Hedera flips $LTC and $LINK with a $9.68 Billion market cap, making it the 11th #cryptocurrency globally! 🚀 #HBAR just broke its weekly high of $0.2253 and is now trading at $0.2307, up 26%.

Is $1 on the horizon? 👀

Historical Bullish Patterns

➡️In… pic.twitter.com/2rRPKn0alI

— Coinpedia Markets (@MarketCoinpedia) March 1, 2025
 

Snoop Dogg’s Tune.fm Partnership Fuels HBAR Demand

Snoop Dogg is making waves in blockchain music streaming through a high-profile partnership with Tune.fm, a decentralized platform built on the Hedera network.

 

His decision to release exclusive music on the platform highlights Tune.fm’s unique value proposition: higher revenue for artists compared to traditional streaming giants.

🔸 $HBAR soars 26.7% as @SnoopDogg partners with @tunefmofficial , a music platform on #Hedera !

🔸 Analysts eye $0.40 by March 2, while TuneFM’s $JAM token surges 222%!

Will the rally continue?

Read more 👉🔗 https://t.co/lyErg0AzXK #CryptoPump #SnoopDogg

— Coin Edition: Your Crypto News Edge ️ (@CoinEdition) March 1, 2025
 

Investor enthusiasm spiked following the announcement, leading to a 222% price surge in Tune.fm’s JAM token and renewed interest in the Hedera ecosystem.

The rapper has been vocal about Spotify’s unfair payout system, revealing he earned less than $45,000 from a billion streams. Tune.fm aims to solve this issue with instant crypto payments, ensuring artists are compensated based on actual streaming time—a model that offers 100x higher revenue than legacy platforms.

  • Snoop Dogg joins Tune.fm, fueling Hedera’s music adoption.
  • JAM token skyrockets 222% after the announcement.
  • Snoop ditches Spotify over low payouts, choosing Tune.fm’s crypto model.

With Snoop’s backing, Tune.fm is gaining mainstream attention, reinforcing HBAR’s potential beyond finance and into entertainment and creator economies. This adoption strengthens Hedera’s long-term outlook, attracting more projects and institutional interest.

HBAR price Analysis: Bulls Test Key Resistance

HBAR is currently testing resistance at $0.2629, aligning with a descending trendline and the Fibonacci 0.382 retracement level ($0.2636). A breakout above this level could propel HBAR toward $0.3161 and $0.3542.

  • 50-day EMA at $0.2442 has turned into support, suggesting a shift in momentum.
  • Rejection at $0.2629 could lead to a pullback toward $0.2211 (Fibonacci 0.5 level) or $0.1787 (0.618 level).
  • A daily close above $0.2636 could reinforce a bullish continuation.
Snoop Dogg’s Tune.fm Partnership Drives HBAR Token Surge: Up 10.9% in Past 24 Hours image 1

For now, HBAR remains in a breakout zone, with rising volume and increasing on-chain inflows. Investors are closely watching macro trends and market sentiment to gauge whether this momentum will hold.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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