Cryptocurrency Hedera (HBAR) has seen significant gains, surging 41% to reach $0.24, marking its highest price in two years. This increase has allowed HBAR to break through the psychological barrier of $0.20 for the first time in years. The surge in HBAR's value is accompanied by a remarkable rise in derivatives open interest, which has skyrocketed to $222 million, reflecting a 1000% increase in just one month. The bullish sentiment around HBAR is fueled by rumors of a collaboration with Ripple and a potential ETF proposal. Other cryptocurrencies also experienced notable gains, with XRP rising 26%, Litecoin increasing by 24%, and EOS up by 23% over the past 24 hours. Overall, HBAR's performance has positioned it among the top gainers in the cryptocurrency market, attracting substantial institutional interest and investor confidence.