Harmony is a layer-1 blockchain platform that allows the development of decentralized apps. The mainnet supports four shards of 250 nodes each and has a 2-second block time. The network’s goal is to solve the blockchain trilemma through sharding and an Effective Proof of Stake consensus mechanism.
Harmony has made significant investments in its blockchain, including hefty incentives for blockchain developers. Harmony is redefining the way they conduct business by assuring equity and trust in an inequitable ecosystem. By staking for more than 10% and compounding your rewards, you can earn compound interest with Harmony One. The project is also working on increasing rewards to 20%.
Harmony One has a $300 million funding program that is boosting ecosystem growth. The platform has just achieved a relationship with AAVE and is nearing the end of a vote to obtain a partnership with CURVE. AAVE and Curve are the two greatest total values locked in the crypto space. Combine that with their upcoming Bitcoin bridge, and you have even more liquidity that can flow into the Harmony ecosystem to benefit from DeFi products.
In this article, we are going to talk about the Harmony price prediction for 2023 while analysing various data provided by researchers.
HarmonyPrice Prediction | Introduction
At the time of writing, the price of ONE was $0.01518, with a market capitalization of $195,791,772 and a trading volume of $8,122,530.
The network and protocol layers on Harmony serve as temporary platforms for emerging decentralized applications (dApps) initiatives such as exchanges or interactive games. Harmony was also developed for a community called Pangaea. It contributes to the open network of nodes that they are in control of.
Harmony Price Prediction: Technical Analysis
Based on the most recent price data and the Harmony ONE chart, 2019 and 2020 did not indicate any significant rallies. The token closed 2021 on a high note, with its price reaching $0.2622 on December 28, a remarkable value compared to the one from the same day, in 2020, which was $0.004792.
The bear market drove the price down to $0.04032 on May 13, and it reached one of the lowest values on November 10, with $0.01365.
Below is a breakdown of ONE’s performance in the last six months:
| Month | Open Price | Closing Price | Month High |
| November | $0.019090 | $0.014600 | $0.021970 |
| October | $0.019790 | $0.019070 | $0.020390 |
| September | $0.021280 | $0.019780 | $0.023730 |
| August | $0.022640 | $0.021260 | $0.033770 |
| July | $0.018210 | $0.022680 | $0.027470 |
| June | $0.046110 | $0.018200 | $0.046760 |
Source: Investing.com
Harmony Price Prediction: Market Opinions
According to Changelly Blog’s research, the minimum price of Harmony in 2023 is expected to be roughly $0.0229977. The maximum expected ONE price is approximately $0.0269973. In 2023, the average trade price for Harmony might be $0.0239976.
Harmony Price Forecast for December – January
According to PricePrediction, in December, ONE’s lowest trading cost might be $0.014, while the highest could be $0.016.
Harmony Price Forecast for 2023
Cryptopolitan’s Harmony price projection for 2023 ranges from a high of $0.026 to a low of $0.021, with an average projected price of $0.022.
ONE has a lot of space for growth in 2023, as per Bitcoinwisdom.com. They believe that the price of ONE will reach $0.037252 as a consequence of the possible announcements of various additional collaborations and activities. However, before initiating any positive trades, traders need to wait to observe if the ONE’s relative strength index moves out of the oversold zone.
ONE will trade at a minimum trading price of $0.029802 and an average trading price of $0.032789 due to market volatility.
Cryptocurrency Experts and Influencers
TradingBeast’s Harmony price prediction for 2023 estimates that the coin’s price will rise around $0.0267491 by December.
Latest News about Harmony
According to an article published by Crypto.news on November 18, 2022, Game Space and Harmony recently joined forces to scale web 3 games on shrad 1. Harmony’s integration into Game Space will improve GameFi by making it easier for Web2 games to transition to the Web3 environment, reducing the time and money required to create on-chain games.
Harmony and Game Space generate distributed private key shards using the industry’s top SMPC technology. It guarantees that the unique private key is still available yet concealed. Furthermore, private key shards are managed by several parties, avoiding the single point of insecurity that a single private key would produce.
Both Harmony and Game Space provide a full-featured token wallet that allows Web3 players to deposit, withdraw, and trade token assets. Furthermore, wallet Connection is promoted as a simple and secure way for clients to manage their bitcoin holdings.
FAQs
What Is Harmony?
Harmony is a blockchain platform that allows for the development of decentralized apps. The production mainnet supports four shards of 250 nodes each, and has a block time of 2 seconds.
How to Buy Harmony (ONE)?
Harmony (ONE) has been listed for purchase on many crypto exchanges, including OKX, Binance, MEXC, Bybit, and DigiFinex.
What Is Harmony Used For?
Harmony (ONE) is a blockchain-based decentralized platform that provides tools and functions for developing, managing, hosting, and deploying Dapps with optimum scalability and interoperability. Because Harmony is hosted on Ethereum, the project offers solutions to Ethereum’s present restrictions.
Harmony (ONE) Price Prediction: Verdict
Harmony seems to have enormous potential. The platform is currently being developed, and the project team is made up of experienced professionals. The project addresses cross-chain interoperability and scalability issues, which are currently hot concerns in the blockchain industry. Harmony is aiming to differentiate itself from competitors that also use sharding technology by adopting a variety of modifications aimed at improving the scalability and security of their blockchain.
Harmony does appear to have found a solution to the scaling issue. When paired with low gas costs, cross-chain opportunities, and an energy-efficient consensus process, Harmony appears to check many of the correct boxes for investors looking for projects with long-term development potential.
Because of its versatility and interoperability with DeFi and NFTs, the Harmony (ONE) protocol has a promising future in the next years. Furthermore, with continuous collaborations within the ONE ecosystem and the cryptocurrency market as a whole, we may see ONE reach new highs in 2023.
* The information in this article and the links provided are for general information purposes only and should not constitute any financial or investment advice. We advise you to do your own research or consult a professional before making financial decisions. Please acknowledge that we are not responsible for any loss caused by any information present on this website.
Source: https://coindoo.com/harmony-price-prediction/