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Hedera Hashgraph’s HBAR Surges 1000%: A New Era Dawns

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  • Hedera’s HBAR token has surged over 1000% in recent weeks, with analysts predicting further price increases.
  • Hedera’s new privacy layer, led by Dr. Leemon Baird, will enhance data security and privacy for various industries.
  • A significant performance upgrade will boost Hedera’s transaction speed to 500,000 TPS, making it one of the fastest blockchains.

Hedera Hashgraph’s native token HBAR, has gained traction for its remarkable resurgence in recent weeks. As per onchain data, the token has wiped out over 1000 days of downtrend in just four weeks. This surge in momentum has sparked renewed interest in the project and its native token.

As the bull market continues, analysts have set an ambitious price target of $5 for HBAR. However, if the market peaks in April 2025, a more conservative target of $2.50 is anticipated. Apart from the bullish price forcast, the he enterprise-grade public ledger is preparing for major announcements including a revolutionary privacy layer and performance upgrade.

Hedera’s position in the blockchain space is further strengthened by the announcement of a revolutionary new privacy layer. This groundbreaking development, led by HBAR inventor Dr. Leemon Baird, will empower users to run private instances of the Hedera network while maintaining interoperability with the public network. This technology has the potential to revolutionize various industries, including finance, supply chain, and healthcare.

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Hedera Hashgraph's HBAR Surges 1000%: A New Era Dawns 2

HBAR: Hedera’s Speed Boost

In addition to the privacy layer, Hedera is gearing up for a major performance upgrade, which is expected to significantly increase the network’s transaction throughput from 10,000 to 500,000 transactions per second (TPS). This would make Hedera the fastest blockchain network in the world.

For those new, Hedera is govеrnеd by а council of mаjor orgаnizаtions, еnsuring rеliаblе dеcision-mаking аnd tokеn distribution. HBAR sеrvеs аs а utility tokеn for dеcеntrаlizеd аpplicаtions, trаnsаctions, аnd govеrnаncе within thе nеtwork.

Hedera’s robust foundation, along with its cutting-edge technology and growing ecosystem, positions it as a formidable player in the blockchain space. As the project continues to deliver on its promises, HBAR’s price could see further significant gains.

Canary Capital Files for First Spot ETF Focused on HBAR

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  • Canary Capital submits аpplicаtion for thе first-еvеr spot ETF focusеd on Hedera  (HBAR), еxpаnding crypto invеstmеnt options.
  • Thе proposеd ETF would providе dirеct аccеss to HBAR, еxcluding dеrivаtivеs or complеx finаnciаl instrumеnts.
  • Thе filing rеflеcts еxpеctаtions of rеgulаtory shifts аs SEC lеаdеrship mаy chаngе undеr а nеw аdministrаtion.

Canary Capital, а lеаding invеstmеnt firm, submittеd аn аpplicаtion to thе U.S. Sеcuritiеs аnd Exchаngе Commission (SEC) for thе first-еvеr spot еxchаngе-trаdеd fund (ETF) focusеd on Hedera (HBAR). Submittеd on Novеmbеr 12, this mаrks а significаnt milеstonе in crypto finаncе. Most crypto ETFs hаvе cеntеrеd on Bitcoin аnd Ethеrеum, but this filing could еxpаnd invеstmеnt options.

Thе S-1 rеgistrаtion stаtеmеnt for thе HBAR ETF providеs dirеct аccеss to HBAR, Hedera ‘s nаtivе tokеn. HBAR runs on Hedera ’s public dеcеntrаlizеd nеtwork, powеrеd by thе Hаshgrаph consеnsus аlgorithm, known for its sеcurity аnd spееd. Hedera is govеrnеd by а council of mаjor orgаnizаtions, еnsuring rеliаblе dеcision-mаking аnd tokеn distribution. HBAR sеrvеs аs а utility tokеn for dеcеntrаlizеd аpplicаtions, trаnsаctions, аnd govеrnаncе within thе nеtwork.

SEC filing
Source: SEC

Canary Capital’s Expanding Crypto ETF Range

Canary Capital’s proposеd ETF аims to hold HBAR dirеctly, еxcluding dеrivаtivеs or complеx finаnciаl instrumеnts. Unlikе crypto ETFs rеliаnt on futurеs, this would offеr а purеr еxposurе to HBAR. Howеvеr, dеtаils likе thе custodiаn аnd аdministrаtor аrе not spеcifiеd in thе filing. This follows thе lаunch of аn HBAR Trust in Octobеr for аccrеditеd invеstors, providing аnothеr option for high-nеt-worth individuаls.

This аpplicаtion comеs аs thе SEC’s stаncе on crypto-bаsеd finаnciаl products еvolvеs. Eаrliеr this yеаr, thе SEC аpprovеd 11 spot Bitcoin ETFs аnd еight Ethеrеum ETFs, but аdditionаl spot crypto ETF аpprovаls rеmаin uncеrtаin, givеn SEC Chаir Gаry Gеnslеr’s cаutious аpproаch. His potеntiаl dеpаrturе or rеplаcеmеnt undеr а nеw prеsidеntiаl аdministrаtion mаy influеncе thе аgеncy’s аpproаch towаrd such ETFs.

Nаtе Gеrаci, Prеsidеnt of thе ETF Storе, notеd thаt Canary Capital’s filing might signаl еxpеctаtions of rеgulаtory chаngеs undеr а nеw аdministrаtion. Hе suggеstеd thаt ETF issuеrs could bеcomе morе аggrеssivе with filings if rеgulаtions shift.

Potential New SEC Leadership

Amid thе chаnging politicаl climаtе, rеports suggеst thаt Robinhood Chiеf Lеgаl Officеr Dаn Gаllаghеr, formеr SEC commissionеr Pаul Atkins, аnd formеr SEC gеnеrаl counsеl Robеrt Stеbbins аrе bеing considеrеd аs potеntiаl succеssors to Gеnslеr. This prospеctivе lеаdеrship chаngе, couplеd with stаtеmеnts from Prеsidеnt-еlеct Donаld Trump, who hаs еxprеssеd intеntions to rеplаcе Gеnslеr if еlеctеd.

Gеnslеr, rеflеcting on thе SEC’s Jаnuаry аpprovаl of spot Bitcoin ETFs, notеd thаt thе dеcision wаs limitеd to spеcific filings. In а CNBC intеrviеw, hе stаtеd, “Wе hаvе othеr filings… in front of us, but I’m not going to prеjudgе it for you or thе аudiеncе.” This indicаtеs а cаutious аpproаch, yеt thе аpplicаtion for а spot HBAR ETF could sеrvе аs а tеst cаsе for thе SEC’s stаncе on crypto invеstmеnts bеyond mаinstrеаm аssеts likе Bitcoin аnd Ethеrеum.

Related Readings | Ripple Custody’s Role in the $20T Digital Asset Market

HBAR’s Ideal Rally: Crypto Analyst Explains Key Market Dynamics

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CrediBULL, the famous cryptocurrency analyst, pointed out the general misperception regarding open interest (OI) and its price action in cryptocurrency market, mainly in Hedera (HBAR). In a recent X post, the analyst was intended to provide clarity on perpetual misunderstandings that he espy concerning market dynamics.

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CrediBULL particularly disproved the widely held notion of “open interest which always increases with every price rise” which majority of people consider as a gauge for healthy market movement. He emphasized that in a rising market, sitting out to wait for OI to rise may not be a smart move. For the evidence, he used the examples of the recent price dynamics of HBAR as a case story.

HBAR Market Trends: Surprising Decline In Leveraged Positions

Discussing the market activity of HBAR, CrediBULL noted that the price of HBAR has been rising consistently, with perpetual futures participation being almost non-existent, as per the flat or negative cumulative volume delta (CVD) for perpetual contracts. Surprisingly, although price increased, the OI went down, implying a decline in leveraged positions which are typically interpreted as a step closer to market stabilization and maturation.

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Source: Chart by CrediBULL

CrediBULL categorizes this case as a “totally price driven rally” that he claims is the most preferred type. Spot-driven rallies are mainly the result of actual purchase of cryptocurrencies wherein the spotlight is on speculation rather than leveraged bets. Buyers in such rallies are usually referred to as but more “sticky”- they tend to keep their position for a longer time and are less sensitive to short-term price movements than leverage users.

Further, the analyst pinpointed that spot buyers do not suffer from such risks as perpetual buyers, which are, in particular, forced liquidations that can accentuate market volatility in bear markets. Such differentiation between spot-driven and perpetual-driven rallies provides understanding as to the nature of the cryptocurrencies markets and the different impacts of market participation types on the price stability and market health.

Analyst’s comprehensive report is the educational tool for traders and followers of the market. The aim is to debunk myths and explain what defines a healthy and sustainable rally in price in the crypto space. His comments suggest that the further investigation of market participation type and its effect on price dynamics is a necessity to anyone who is interested in the cryptocurrency market.

HBAR: Analyst Foresees Potential Bottom And Ascent To $0.20+

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In the fast-paced world of cryptocurrency, CrediBULL – one of the industry’s most seasoned analysts – recently surprised quite a few people with his bold forecasts about Hedera (HBAR). In the recent X post, CrediBULL shared his insights in defining the bottom for HBAR and brought it to the attention of the traders and investors.

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The analysis by CrediBULL concentrated on a curious pattern of LTF sweep into HTF demand. In the opinion of the analyst, this pattern may indicate the emergence of a possible bottom for HBAR which has been fluctuating. The principle behind LTF breathes into HTF demand means that shifts in short-term prices have entered zones of interest on higher timeframes that usually leads to a considerable rebound or rally.

HBAR Poised For Big Comeback

Also according to analysts, if Hedera reclaims its previous range lows, which have served as resistance since the cryptocurrency lost them, it may be on the verge of a big comeback. This also agrees with the analysts’ perspective that Hedera could go up to $0.20 or even more, a figure many in the market are waiting for after the currently bearish trends.

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Source: Chart by CrediBULL

Nevertheless, the road to this possible resurrection is not smooth. Hbar has met resistance at key levels, and the reclaiming of these previous range lows will probably be a pivotal move for the digital currency. It is this critical pivot point that is at the heart of the analyst’s positive forecast and as a result it is an area of closely monitored for both traders and investors.

The analysis contributes to the increasing positivity around HBAR. Favored for its innovatory technology, the currency has been achieving great fluctuation; however, the supporters base seems to be quite solid. The analyst’s prediction indicates a possible turnaround of this base in the near future and the opportunities for huge profits if HBAR is able to solve its current challenges.

CrediBULL’s analysis gives a ray of hope to HBAR fans in an unpredictable market. His emphasis on the LTF sweep into the HTF demand and the possibility of a return back to the higher price points are the guidelines for the traders attempting to deal with the highly volatile world of cryptocurrency trading. All eyes, now, are on the next steps of HBAR as the investors are anxious to see if the bullish forecast of CrediBULL would come true.

Cryptocurrencies to explode in 2023 – Don’t miss out on Hedera (HBAR) and Collateral Network (COLT)

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As we enter 2023, the crypto market is in for a major bull run. Two names stand out among the many players in this rapidly evolving market: Hedera (HBAR) and Collateral Network (COLT). 

Collateral Network (COLT) is reshaping the lending and borrowing landscape, and analysts predict a meteoric rise in the price of  COLT, the project’s native token.

Even though the initial presale phase of Collateral Network (COLT) has just begun, and the token price is currently only $0.01, industry analysts are already projecting a 35x growth in the token price within the coming months. Hedera (HBAR) and Collateral Network (COLT) are two names to watch closely in the months ahead. 

>>BUY COLT TOKENS NOW<<

Hedera (HBAR) Secues Top Spot for 2023

Hedera (HBAR) is an increasingly popular distributed ledger system in the blockchain industry. In 2023, it is becoming increasingly apparent that Hedera (HBAR) is a technology that cannot be ignored.

Hedera (HBAR) possesses exceptional speed and scalability, processing up to 10,000 transactions per second. This makes Hedera (HBAR) one of the quickest and most effective distributed ledger systems currently available. In addition, Hedera (HBAR) is extremely safe, as its consensus method offers mathematically proved protection against assaults.

Hedera (HBAR), which started in 2018, is backed by IBM, Google, and Boeing, which gives the platform credibility. With its new technology and ability to change, Hedera could be a game-changer for industries and transactions if it is not used. 

But recently, a smart contract exploits on the Hedera (HBAR) Mainnet led to the theft of several liquidity pool tokens from DEXs using Uniswap v2 code that was ported to the Hedera (HBAR) Token Service. When the team saw something suspicious, they temporarily stopped the Hashport bridge. 

Even with the setback, the Hedera (HBAR) network upgrade on February 3 added a smart contract code that works with the Ethereum Virtual Machine to the Hedera (HBAR) Token Service, leading to the exploit.

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Collateral Network (COLT) Expected to Skyrocket 3500%

Collateral Network (COLT) is a blockchain-based crowdlending platform that completely redefines how people borrow and lend. Collateral Network (COLT) facilitates peer-to-peer lending from lenders and borrowers worldwide, giving users unprecedented access to a huge global market.

Collateral Network (COLT) is the world’s first crowdlending platform allowing borrowers to borrow against their physical assets. This is made possible by using fractionalized NFTs that allow lenders globally to participate in the loan. 

Smart contracts oversee and automate the loan management process on Collateral Network (COLT). This eliminates the need for intermediaries and minimizes operating expenses. The NFTs issued by Collateral Network (COLT) store vital data in them about the loan. All non-fungible tokens on Collateral Network (COLT) are backed 1:1 by the borrowers’ underlying asset.

The project’s native token, COLT, is loaded with benefits and utility for its holders. Holders will enjoy governance rights, VIP groups, staking, discounts, and more. Collateral Network (COLT) has just begun the first round of its presale with a token price of $0.01, and analysts are already expecting a 35x gain for the token within the coming months. 

Find out more about the Collateral Network presale here:

Website: https://www.collateralnetwork.io/

Presale: https://app.collateralnetwork.io/register 

Telegram: https://t.me/collateralnwk

Twitter: https://twitter.com/Collateralnwk

Hedera (HBAR) vs. TMS Network (TMSN) vs. The Graph (GRT): Who Will Rule the Metaverse?

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The battle for dominance over the metaverse is heating up. For a while, it looked like the metaverse belonged to corporations, who were jostling each other for a stake in its future. However, old and new players entering the market have definitively tipped the scales in one direction. The throne is up for grabs, and many competitors are fighting for leadership. So, who will finally come out at the top? Let’s find out.

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Hedera (HBAR) vs. TMS Network (TMSN) vs. The Graph (GRT): Who Will Rule the Metaverse? 11

Hedera (HBAR) Maintains Healthy Activity

A public network, Hedera allows developers to build decentralized apps. Hedera promises to be more efficient than all other blockchain platforms. It claims that its primary differentiator is that Hedera can provide stability and security that large enterprises need. The network launched its main net in 2019 and was funded through an ICO in 2018. Hedera’s native utility token HBAR powers the network. Hedera’s developers say that they are working to build an “enterprise metaverse.”

Hedera wants to support enterprises in building metaverse projects on its network. They offer organizational support and grants to developers of these metaverse projects. Hedera will be creating 3D experiences, virtual worlds, and augmented reality to realize potential across the enterprise. It plans on providing a complete experience, including marketing, training, entertainment, and sales.

However, Hedera has been around for almost five years but has yet to make a significant mark in the multiverse space.

Unlocking The Potential of the Graph (GRT)

The Graph is an indexing protocol that calls it a specialist in decentralized apps. The Graph allows developers to access data on the blockchain more efficiently. Multiple participants on the blockchain ensure its security. The protocol’s participants include indexers, delegators, and curators.

The Graph is essentially a cryptocurrency used for staking where indexers provide querying and indexing services. So, The Graph can be used for making different payments within the network.

While The Graph solves typical issues solved by dApp users, it can evolve to become a vital link between different blockchain applications. Currently, The Graph network can index data from IPFS, Ethereum, PoA, and other networks. The issue is that The Graph does not provide a lot of cross-chain support. If it rolls out extensive cross-chain support, The Graph can become one of the most sought-after metaverses on the planet.

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Hedera (HBAR) vs. TMS Network (TMSN) vs. The Graph (GRT): Who Will Rule the Metaverse? 12

TMS Network Shows the Future of Metaverse

TMS Network (TMSN) has surprised the crypto world. The innovative dex came from a lesser-known corner of the crypto world and is building up to become an industry leader. The TMS Network (TMSN) supports a variety of assets, including cryptocurrencies, stocks, Forex, and CFDs. The support for multiple asset classes bridges the trading of both crypto and fiat investments. TMS Network (TMSN) provides a variety of sophisticated features like arbitrage signals, analytics, bots, and more, which ensure that the users can smoothly use the platform.

Such functionalities have made TMS Network (TMSN) a frontrunner in the metaverse master race. The user-friendliness, combined with the variety of features of the network, is allowing TMS Network (TMSN) to become a metaverse that does not only accommodate crypto transactions but financial transactions across the board.

  1000x ICO Opportunity Awaits You! The current price of TMS Network (TMSN) is $0.0047 in presale stage 1 and analysts predict it to be the next 100x token in early 2023.

Whitepaper: https://tms-net.netlify.app/whitepaper.pdf 

Presale: https://presale.tmsnetwork.io

Website: https://tmsnetwork.io

Telegram: https://t.me/tmsnetwork

  Twitter: https://twitter.com/tmsnetworkio

HedgeUp (HDUP) Is Set To Have More Popularity Than Hedera (HBAR)

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HedgeUp ($HDUP) is a newly launched cryptocurrency-powered platform that will enable holders to invest in alternative assets. Retail users often find it difficult to invest in commodities and alternative assets such as gold, luxury watches, liquor, etc., but HedgeUp will bring this sector closer for even ordinary users by utilizing blockchain technology. Many analysts who have reviewed the HedgeUp project claim that it could become more popular than Hedera (HBAR) due to its unique use cases. Here’s a brief overview of the major features of these cryptocurrency assets so you can make an informed decision.  

Invest in Alternative Assets Through HedgeUp to Gain Better Returns 

Traditional investment options may be safer but deliver lower returns. Cryptocurrency investments have yielded huge returns, and many innovative projects have been launched recently. HedgeUp is an alternative investment project powered by a native cryptocurrency, $HDUP. The $HDUP Token is currently in its presale phase and is available to buy from the official HedgeUp website. Some analysts advise that you accumulate huge volumes as it could register multiple rallies after being listed on major exchanges.  

Investing in alternative assets is a difficult task for a retail user. However, the HedgeUp team will enable the tokenization of physical assets through NFTs. Users can buy individual or a basket of alternative assets easily and quickly through the HedgeUp site. In addition, the platform will enable users to invest in fractional NFTs, and users with small capital will also be able to access and benefit from this site. 

The HedgeUp project will ensure full-proof security by locking up assets in licensed and insured vaults. Users will also be able to stake the $HDUP Token in the future. A Hedgeverse platform will enable users to communicate easily by leveraging the power of metaverse. The $HDUP platform will partner with card processing companies to enable easy conversion from crypto to fiat currencies. 

As per the project, users stand to earn anywhere between 28%-36% through an investment in a basket of alternative assets. The overall volatility will be much lower as HedgeUp allows investment in more than one asset. 

A decentralized autonomous organization will govern the entire community, and $HDUP holders can vote on proposals and participate in governance matters. Participate in the $HDUP presale to earn potentially 100X gains in the medium to long term. It could become more popular than other cryptocurrencies as it has an innovative utility and allows passive income generation at reduced risk.  

Hedera and Shift Markets Partner for Better Liquidity

The Hedera network is an enterprise-grade technology that allows a high degree of decentralization. The Hedera network utilizes a native cryptocurrency, HBAR, used to pay for transactions and staking purposes. The Hedera network uses an innovative consensus mechanism known as Hashgraph, a slight modification of the Proof of Stake method to process user transactions faster. It also enables the Hedera network to process transactions at much lower costs which is one of the reasons developers prefer it. 

The total supply of HBAR Tokens is fixed at 50 billion coins, and about 7 billion are available as circulating supply. The HBAR cryptocurrency has received a lot of interest and adoption from users in the past and has delivered handsome gains. As per reports, Shift markets has partnered with the Hedera network, and this collaboration will now allow Shift to offer HBAR tokens to its 70-plus exchanges. Hedera will benefit from exposure to increased liquidity, allowing high-volume trading for its users. 

For more information on HedgeUP, click the links below:

Presale Sign Up: https://app.hedgeup.io/sign-up

Official Website: https://hedgeup.io

Community Links: https://linktr.ee/hedgeupofficial

Bitcoin Price Dump Incoming – 3 Altcoin Alternatives To Consider: BudBlockz (BLUNT), Hedera (HBAR), Tezos (XTZ)

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While investing in digital coins and assets is a good strategy to generate passive income, it’s important to understand that, like traditional stock investments, cryptocurrency isn’t exempt from the impact of volatility and economic uncertainty. Digital assets have their price hikes and sudden busts, which is why many investors, especially new ones, wonder whether they should inject money into the crypto markets. 

Inflation and continuous volatility are among the top reasons why the price of Bitcoin has been ridiculously impacted. For example, earlier in November, Bitcoin’s price sank to $16,000. Considering the popular crypto’s price in the same month in 2021 was $69,000, that is quite a fall. Moreover, Bitcoin is also facing a lot of competition. For instance, one of 2022’s rising blockchain projects is BudBlockz, which has already caused a significant stir in the crypto market. Other projects like Hedera and Tezos are also getting a lot of attention as altcoin alternatives to Bitcoin.

What is Hedera (HBAR)?

Hedera Hashgraph is a popular blockchain technology network, and its native token is HBAR. HBARs can be used to power the company’s DApps (decentralized applications) and their servers. The crypto tokens function as the main source of fuel for the entire Hedera stratosphere. The company’s primary objective is to introduce more scalability and interoperability to the blockchain ecosystem, and allows users to conduct transactions in a more secure and digitized environment. 

According to Hedera, the company processes more than 10,000 blockchain transactions every second, which is impressively fast. Moreover, the company is governed by a council of different conglomerates and multinational businesses across the globe.  

What is Tezos (XTZ)?

One of the most unique things about Tezos is its governance protocol. The blockchain company operates on an open-source platform, which is developed to be self-sustainable. This means the platform can quickly apply self-amendments for more streamlined performance. According to Tezos, their blockchain network is designed to continuously evolve. 

BudBlockz: The Future of Cannabis Crypto and a Platform that will Dominate Blockchain 

Experienced blockchain investors and cryptocurrency experts speculate that BudBlockz will be a major player in the crypto sector within the next 5 years. They say that the cannabis cryptocurrency points to the future of crypto in terms of innovation, use cases, functionality, and practicality. 

One of the primary reasons BudBlockz was able to attain such massive popularity and success in such a short time frame is thanks to its market position. The platform aims to provide secure, private, and interoperable legal marijuana and CBD buying and selling. 

BudBlockz has positioned itself to be the premier cannabis blockchain platform for the massive CBD industry, currently valued at more than $80 billion. BudBlockz aims to connect recreational CBD users and businesses from all over the globe on a single DeFi platform where they can conduct secure and private transactions using the company’s native crypto (BLUNT). 

Learn more about BudBlockz (BLUNT) at the links below:

Official Website: https://budblockz.io/ 

Presale Registration:: https://app.budblockz.io/sign-up 

BudBlockz Community Links: https://linktr.ee/budblockz

LG Dives Into NFT Realm With Hedera

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LG Electronics, a television company based in Seoul, has unveiled a new NFT platform utilizing the Hedera blockchain. LG is now adopting non-fungible tokens (NFTs) for its TVs, just months after Samsung revealed that it would do the same.

With LG Art Lab, the firm’s newly deployed NFT marketplace, you can “buy, sell, and enjoy high-quality digital artwork” right from your TV.

The app, which can be downloaded from the TV’s home screen, is currently only accessible to users in the US who own an LG TV running webOS 5.0 or later. 

The first of these drops, scheduled for September 22nd, will include a collection of NFTs with a metallic appearance.

LG’s NFT platform is built with the Hedera blockchain

However, LG claims that once the platform offers an NFT you can actually purchase, you can simply use the QR code that shows up on the screen and then launch the Wallypto app on your mobile device to finish the transaction.

Hedera, which bills itself as the “most used, sustainable, enterprise public ledger for the decentralized economy,” serves as the foundation for the new NFT platform. The Hedera network uses a blockchain alternative called hashgraph rather than the Ethereum or Solana networks, which many well-known NFT marketplaces support.

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LG Dives Into NFT Realm With Hedera 15

LG is just one of many businesses that make up the Hedera network’s governing body. Supporters of the system assert that it is quicker and more effective than conducting transactions on the blockchain.

The firm is not the first significant business to notice a possibility in the NFT market. In June, the Swiss watchmaker Tag Heuer unveiled a new tool that allowed users to display NFTs on the face of specific smartwatches.

Industry giants are spreading their wings and trying to get their hands on NFTs and metaverse. The firms are venturing into the possibilities to expand their virtual growth.