The bull run in early 2021 showed the surging prices of several cryptocurrencies, with many of them getting to new all-time highs (ATH). After the bull run, however, many crypto assets dropped in price. The instability of the crypto market resulted in traders becoming worried about their assets and investments (short-term and long-term).
The usual problem with crypto networks is scalability, and there’s a rush to discover the best solution. Harmony ONE Mainnet supports thousands of nodes in multiple shards, producing blocks in a few seconds with instant finality. Their staking mechanism reduces centralization while helping stake delegation, reward compounding, and double-sign slashing.
As a crypto trader, you are teetering on the edge of uncertainty; this is why we are putting out this guide to help you evaluate coins for your investment portfolio. But first, let’s know more about Harmony (ONE). A friendly reminder, if you’re interested in a particular cryptocurrency, do your research and be open-minded.
What is Harmony (ONE)?
Harmony (ONE) is a decentralized blockchain platform created to bridge the gap between scalability and decentralization. The cryptocurrency development focused on sharing data and creating marketplaces of any fungible token and non-fungible assets. Harmony ONE might be the cryptocurrency for Millenials after solving the delicate balance of decentralization and scalability. Harmony proposes the following:
- Remove the barriers that prevent crypto currencies from being a real digital money; which majorly is all about the scaling problem faced by coins like Bitcoin. The increased popularity bitcoin faced brought about a cost increase in how the payment system is used. This problem is solved by implementing a deep sharding protocol covering transaction validation, network communication, and blockchain.
- Set Harmony apart from other blockchain solutions by getting a transaction throughput that is greater than before, which forces the blockchain solutions to achieve performance gains by sacrificing other features;
After having a look at what the aims and objectives of the harmony project are, let us take a look at some characteristics of harmony cryptocurrency;
- One important characteristic of Harmony ONE is its scalability.
- Harmony’s sharding system is highly dependable; this is because of its distributed randomness generation (DRG) infrastructure, which is scalable, verifiable, and not biased.
- Harmony is related to Proof-of-stake making it energy efficient and dependable. Also, the Consensus has a linearly scalable BFT approach which is a hundred times faster than PBFTs.
- Harmony (ONE) has an adaptive thresholded Proof-of-Stake system.
- Harmony supports dependable cross-shard contracts that can completely communicate directly with each other.
- Harmony also supports a scalable networking infrastructure.
Harmony (One) ensures the crypto space has a dependable blockchain system to boost its protocol and network layers. Harmony (ONE) also allows systems that were not viable on blockchain before, including high-volume decentralized exchanges, interactive fair games, visa-scale payment processes, and IoT transactions. All things considered; Harmony aims at creating an appropriate environment.
You have learned about basically everything about Harmony. How beneficial will the token be now and in the future? Let us check out the harmony price analysis and price prediction together.
Harmony ONE Current Market Status
At the time this article was written, the current price of Harmony was $0.1503, with a 24-hour trading volume of $147,627,264.99 and a circulating supply of 10.57B ONE. The token has a market cap of $1,571,183,377.31.
Harmony Price Analysis 2021
As of now, Harmony presently has a rank of 62 on coinmarket. Hopefully, the latest development and changes to the Harmony ONE token will help boost adherents. Have a look at the chart below
Source: 0.15568 ｜ ONEUSDT | Binance Spot
The daily chart shown above shows the undulating channel pattern of Harmony ONE. The bullish pattern is formed by joining higher highs and higher lows. Inferring from the above graph, Harmony has been through many highs and lows over the last month, recovering nicely.
Based on the above chart, Harmony ONE is preparing for a bullish rally will not be an overstatement. The token might go beyond its current average price (resistance) and attain a new maximum price. You should note that this happens if and only if the bullish market continues to favor Harmony.
Contrarily, if the bullish market drops, the price of ONE will fall. It might even attain a new minimum price. This pattern shows a time of settlement that may likely force a price collapse or flight.
Since 2021, the price action has seen many bullish moves more remarkable than the previous one. They are mostly promptly followed by fluctuations, consolidations, and corrections. If this is considered, you can easily conclude that ONE has had a challenging market in 2021.
Harmony Price Forecast
Note that this harmony price forecast is based on technical analysis alone, and nobody can completely predict with all certainty. The following harmony predictions are just suggestions of probable price development and should not be taken as investment advice.
Harmony Price Prediction 2021
The chart shown below indicates that Harmony ONE has done okay over the last couple of days. It also offers a bullish trend. If it continues, Harmony ONE might pass its highest resistance level (resistance 3) and increase.
Alternatively, if investors decide the crypto isn’t good enough and turn against it, the coin price might decrease and will probably be heralded by a bear run.
Harmony ONE Price Prediction 2022
If Harmony ONE continues to rise, it might be trading at $2 when 2022 ends. The first 6 months of 2022 will most likely see fast growth and get to $2.5. No significant falls are expected, however.
Harmony ONE Price Prediction 2023
Harmony ONE cryptocurrency is forecast to be trading at $3.5 when 2023 ends. It is subject, however, to Harmony ONE holding the support level around 200-MA. At this time, the harmony crypto is expected to be reasonably consistent.
Harmony ONE Forecast 2024
If there are new upgrades and developments (even with the recent ones), the price can rapidly increase and get to around $5. Savvy investors are to anticipate many partnerships and upgrades around this period.
Harmony ONE Price Prediction 2025
Harmony ONE could have an expected maximum price of $6.5 in the next 4 years. Achieving this is anticipated to be easy; as such, a new ATH is possible over the next 5 years.
With the continuing developments within the harmony blockchain ecosystem, you can always conclude that Harmony ONE has a great future. We might even see Harmony ONE attain a new ATH before 2021 ends, largely dependent on traders thinking it is a good investment, though.
What’s the future of Harmony?
Let’s hear it from Stephen Tse, Harmony ONE founder.