Existent-world adoption and blockchain integration is the ultimate goal of any serious fintech protocol looking to offer workable solutions to some of the biggest challenges in finance and data transmission.

Hedera Hashgraph is a public network that uses a distributed ledger applied science known equally Hashgraph to increase scalability and lower transaction costs.

HBAR/USDT 4-hour chart. Source: TradingView

Two of the main reasons for the recent rise in Hedera's native cryptocurrency, HBAR, include a growing list of ecosystem partners and the introduction of nonfungible token (NFT) minting capabilities to the network.

Hedera partnerships expand HBAR's availability

The Hedera partnership programme is an offshoot of the Hedera community that aims to roll more integrators, applied science partners and enterprise applications to Hedera'south blockchain.

A scroll through the project's Twitter feed shows that the partnership program lured new partners such as the London School of Economics and Political Science and the Indian Found of Technology Madras to the Hedera governing council.

Other recent partnership announcements include collaborations with Fobi, Dropp and Filecoin, which has launched a $200,000 programmer grant project in conjunction with Hedera designed to assistance advance Web three.0 interoperability.

Related: Indian university joins Hedera decentralized governance quango

NFTs come up to the Hedera network

The second source of excitement for the Hedera protocol has been the introduction of NFT minting capabilities on the network.

The NFT sector has been ane of the hottest trends in 2022, and while the toll action and trading activity for NFTs have declined significantly from their August highs, the sector is likely to expand in the about future.

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for HBAR on Sept. four, prior to the recent price rise.

The VORTECS™ Score, sectional to Cointelegraph, is an algorithmic comparison of historical and current market conditions derived from a combination of information points, including market sentiment, trading volume, recent price movements and Twitter activeness.

VORTECS™ Score (green) vs. HBAR price. Source: Cointelegraph Markets Pro

As seen in the chart above, the VORTECS™ Score for HBAR climbed into the green zone on Sept. iv and reached a high of 72 around 72 hours before its cost increased 147% over the next seven days.

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