This Harmony Price Prediction article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our ONE price analysis and prediction.
Various cryptocurrencies have reached a new date during this 2021 bull. In contrast, some cryptocurrencies also fell in price. As a result, many cryptocurrency traders are concerned about whether it is time to hold or sell their digital assets. This is also a situation that crypto traders can experience in ONE.
In this ONE price analysis and Harmony price prediction, we look at ONE performance if it reaches $ 1. But before that, let’s learn more about Harmony (ONE) and its current position in the crypto market.
What is Harmony (ONE)?
Harmony is the next generation sharding-based Blockchain that is fully scalable, provably secure, and energy-efficient. In addition, Harmony addresses current blockchain issues by adhering to the best results of engineering research and practice in a minimally tuned system.
Full Scalability: Harmony breaks down blockchain status with network communications and transaction validity like Zilliqa. This makes the ONE blockchain fully scalable.
Secure Sharding: Harmonic crushing mechanisms are probably safe. This is due to the distributed random generation (DRG) process, which is unpredictable, impartial, verifiable, and scalable. The platform also reinforces the network with a seamless way to protect against slowly adapting Byzantine enemies.
Efficient and fast consensus: Coordination is related to PoS and therefore energy consumption. In addition, the consensus is presented by a linear scalable BFT method that is 100 times faster than PBFT.
Adaptive-Thresholded PoS: A stock threshold is required for a node to enter the network, which is adjusted based on the total volume of stock so that malicious receivers do not concentrate their power in one piece.
Scalable network infrastructure: With the RaptorQ source code, Harmony can quickly distribute blocks of adaptive block information within chunks or on the grid using the scatter algorithm.
Consistent Cross-Shard Transactions: Harmony supports cross-transactions with pieces that are directly related to each other. An anatomic locking system is used to ensure the stability of cross-trading.
By creating protocol and network layers, Harmony provides the world with a secure, scalable blockchain environment to support growing decentralized economic growth. In addition, Harmony allows applications that were not previously possible in the blockchain, including high-volume decentralized exchanges, fair interactive games, the visa-based payment process, and IoT transactions. All-in-all Harmony strives to increase the trust of billions of people and create a perfectly fair environment.
What is the role of ONE Token?
The ONE token maintains the teeth of Harmony’s ecosystem by activating participation in it and as a means of payment for various activities in the network. This is done in the following way:
- The ONE token is using as a contribution to the consensus model used with Harmony. Holders can receive block rewards and have an incentive to keep the system healthy.
- Tokens are using to pay various fees including transaction fees, storage fees, and gas fees.
- With the help of ONE token, the holders are granted voting rights as part of the platform’s governance system.
Harmony found itself at the heart of the Universal Basic Income (UBI) offer based on personal data sharing. Data is shared with the help of Harmony Blockchain for a fee provided by advertisers, retailers, or the media. The resulting revenue acts as a supplementary or basic revenue, which in turn dismantles existing information-sharing monopolies.
The Harmony team consists of more than 30 members who specialize in engineering, academia, and entrepreneurship. Key personnel includes Stephen Tse (of Google and Microsoft Research), Nicholas Bertie, Alok Kotari, Ronjian Lan, Min Duan, Nick White, and others.
What are the use cases of Harmony?
Harmony has had a huge impact on the DeFi world since its evolution. The platform focuses on increasing decentralization to strengthen the DeFi ecosystem in achieving gross acceptance. Creating decentralized applications is essentially useful, so there are solutions that can create dApp applications.
In addition, Harmony (ONE) provides a highly scalable service while providing users with a very fast and efficient consensus application. It also allows you to execute transaction processes very quickly with an easy communication protocol on the network.
Experts know Harmony for the great security it offers when trading online.
Harmony (ONE) Current Market Status
At the time of writing this Harmony price prediction, ONE is trading at $ 0.1597 with a 24-hour trading volume of $ 111,994,935.
Furthermore, ONE has a current circulating supply of 13,192,990,917 ONE. Currently, the top cryptocurrency exchanges for ONE are Binance, Huobi Global, Gate.io, HitBTC, and Bitcoin.com Exchange.
What to consider when buying Harmony?
Investing in Altcoins, like ONE, has many benefits and risks, so before buying ONE, it is important to understand its key features. Here are some factors to consider:
- The maximum supply of ONE token is $ 13.1 billion and the supply volume is about 10.6 billion coins.
- You can use a token to pay for transactions on the Harmony platform and storage fees and gas fees.
- Governance. As ONE token holder, you can participate in Harmony’s governance process.
- You can validate a token as a representative or validator. ONE holder can delete their tokens for existing validators if they wish to share tokens without validating. As of June 2020, 3.5 billion ONE tokens have been deposited.
- Initially, Harmony was launched with a dynamic inflation program. However, in April 2020, Harmony introduced a new economic model for its network. Under the new model, the annual bonus of 441 million tokens remains the same. Meanwhile, we have burned transaction fees, which means that as the number of transactions on the Harmony platform increases, the annual burn fees are equal to 441 million annual bonuses.
Harmony of past price analysis
According to the latest data, Harmony’s current price is at around $ 0.16, and ONE is currently ranked 64th out of a total of 64 cryptosystems.
The price of Harmony shows a good increase of 8.31% in the last 24 hours with the increase in trading volume and market cap.
ONE has had a good uptrend over the past 7 days, rising 10.18%. Harmony recently showed great potential and this can be a good opportunity for the right search and investment.
However, after comparing the current price with the price history of the last 30 days, we can see that Harmony increased its value by 61.055%. The minimum average price for this month is $ 0.054 and the maximum average price is $ 0.062. This means that this coin is a good asset and a new addition to your coin collection in the long run.
The 90-day price change is about 37.76% and the price moved from the minimum average price of $ 0.096 to the maximum average price of $ 0.11 in the last 90 days.
In the last 4 months, Harmony showed a growing trend. Therefore, we think that similar market segments were quite popular at that time. According to the latest information, Harmony trading volume increased from 4 months. Trading volume plays an important role in its price.
The coin rose 4.83 percent, with a maximum average price of about $ 0.20 and a minimum average price of about $ 0.17 over the past four months.
Harmony (ONE) Price Analysis
ONE currently ranks 88th on CoinGecko. But will the latest updates, developments, and changes in the ONE blockchain help increase the price of cryptocurrency? Let’s go to the charts in this article Harmony price prediction.
The above daily frame chart shows the upward channel pattern. Experts formed this uptrend is by joining the highest and lowest levels. According to the chart above, Harmony was able to defend its position well against the bears in the early days of the month.
In other words, ONE is preparing for a possible uptrend in the coming days. If this happens, the currency code may go beyond its resistance level and reach a bullish price. Of course, if this bullish market remains in harmony, it will most likely happen.
Conversely, the price of ONE may fall if bulls will expose to cryptocurrency. In short, ONE may break out of its uptrend and pay a downward price. This pattern shows the merger period that may lead to price failure or failure. In addition, a break from the bottom trend line indicates the beginning of a new downtrend. In contrast, the failure of the above trend line signal marks the beginning of a new uptrend.
As you can see, earlier this month, ONE turned from its bear trend into a bull. This is due to the high volume of trade in that period.
The Relative Strength Index (RSI) is above 60.66, which means that ONE is almost in the buy position. With all of this in mind, traders can be aware and avoid unexpected losses due to severe fluctuations in the cryptocurrency market.
Since the beginning of 2021, the price of ONE has had many upward movements, which is higher than the previous movement. These are immediately followed by fluctuations, aggregations, and corrections.
Harmony Price Prediction 2021
The chart below shows that ONE is performing remarkably well over the past few days. In addition, the price of ONE shows an upward trend. If this trend continues, the ONE may move with the bulls, overcoming its $ 0.44 resistance level and rising.
Conversely, if investors turn to digital currencies, bears may dominate and pull ONE out of their uptrend. In simpler terms, the ONE price may fall to around $ 0.072, which is a bearish signal.
Meanwhile, our ONE long-term price forecast for 2021 is bullish. The country is likely to surpass its current high level (ATH) of around $ 0.22 this year. However, this only happens if it breaks many of the previous psychological resistances.
Harmony Price Prediction 2022
If this uptrend continues, ONE will reach $ 2 by the end of 2022. In addition, the first half of 2022 shows rapid growth to $ 2.5. Then the climb slows down, but we can’t expect a major fall. With future partnerships and developments, reaching $ 2 is quite optimistic in terms of price, but it is undoubtedly possible for the near future.
Harmony Price Prediction 2023
If ONE has a support level of around 200-MA, which is the long-term moving average, buyers will have enough time and stability to build the next attack mission at the critical $ 3.5 level, which means it will not fall, but Play constantly.
Harmony Price Prediction 2025
Over the next four years, the ONE price could rise to $ 6.5. In addition, reaching this level may not be so difficult for ONE because medium, short and long-term price targets are set for buying or selling orders. This indicates that ONE is likely to reach the new ATH in the next five years as expected.
Harmony has a bright future in 2021. With continuous improvements within the ONE ecosystem as well as in the overall crypto market, we may see ONE reach new heights.