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

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Crypto Writer

Arslan Butt

Crypto Writer

Arslan Butt

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Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis...

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March 2, 2025 07:06 EST

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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.

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.

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.

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.

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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