The US Department of Transportation [USDOT] was rumoured to adopt Hedera after it went viral on social media; however, HBAR lost
The posts refer to a patent that includes a mention of Hedera, but USDOT and Hedera have not announced any integration relating to USDOT-registered vehicles.
Patent mention becomes an adoption claim
The claim can be traced to a reported patent application,
While it states Hedera is one technology that would allow payments in such a system, it does not mean that USDOT has chosen and deployed the network.
Patent applications commonly describe several possible technologies when explaining how an idea could work. But what they don’t do is confirm that a government agency plans to build or purchase the proposed system.
At the time of writing, no matching announcement was available from USDOT, Hedera or the Hedera Council.
HBAR price remains below resistance
HBAR changed hands for
The retreat shows that buyers are still struggling around
The token has nevertheless improved from its August low near
If the selling persists, the first area for buyers to return to will be around the
However, trading remains unbalanced with no side holding any advantage, and finding a rally into
Final Summary
- HBAR fell by
2.14%after an intraday high of $0.08293 as resistance between$0.082-$0.085held.
- A patent mentioning Hedera does not mean that USDOT has adopted or deployed the network.
