Harmony’s ONE token has encountered ups and downs amid a broader cryptocurrency landscape. After losing 40% of its value in April, it declined by 20% in May, now standing 85% below its previous all-time high in October. Can ONE token recover? Will Harmony hit $1? Is ONE a promising investment? Discover insights into these questions in our ONE price predictions for 2023 and beyond.
What is Harmony (ONE)?
Harmony (ONE) is a layer-2 protocol, intricately woven into the Ethereum ecosystem, designed to amplify the scaling capabilities of decentralised applications (dApps) through quicker and more cost-effective settlement processes. The primary production mainnet boasts four shards, each comprising 1,000 nodes, collaborating to generate blocks within an impressive two-second timeframe.
At its core, Harmony’s mission revolves around cultivating an open network fueled by a sprawling community of nodes collectively known as Pangaea. With a global presence that mirrors the thousands of Ethereum and Bitcoin nodes, this community operates a network of 800 Harmony nodes stretching over 100 countries.
Distinguishing itself from conventional sharding-based blockchains, Harmony pivots away from a proof-of-work (PoW) consensus mechanism for validator selection, opting for an Effective Proof-of-Stake (EPoS) protocol instead. This strategic move mitigates centralisation concerns and propels transaction speeds to new heights.
Harmony’s sharding methodology embraces robust security practices. The platform integrates a distributed randomness generation (DRG) algorithm known for its unpredictability, impartiality, verifiability, and scalability. Besides, Harmony implements a network resharding mechanism, bolstering defences against potential attacks.
Harmony’s utility and governance token, ONE, serves as the driving force behind the Harmony network’s functionality. ONE is harnessed for various purposes, including settling transaction fees, storage costs, and gas fees. Besides, it plays a pivotal role in the staking ecosystem, allowing token holders to participate and earn block rewards from validators.
As of May 11th, the circulating supply of Harmony One stands at 12.06 billion out of a total of 13.45 billion, as reported by CoinMarketCap. This provides a glimpse into the existing landscape of Harmony’s coin distribution and potential future dynamics.
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Harmony (ONE) Price History
The year 2021 started with Harmony (ONE) valued at $0.042, surging to a high of $0.2233 on March 29, 2021, signifying a remarkable rise of 5,216%. The subsequent month, April 2021, saw ONE witness substantial price volatility, plummeting from its March peak to $0.0850 on April 23, 2021, leading to a notable 61% decline in value.
Notably, a sense of panic-selling gripped many during a price drop from 37 cents to 32 cents five months ago. However, a deeper investigation revealed a substantial buy wall and minimal sell volume, effectively driving the price reduction. The ensuing day saw a quick rebound, with the price increasing to 35 cents. This oscillation was marked by a significant sell volume countered by a modest buy volume.
Currently, the sentiment surrounding ONE leans bearish, as evidenced by the coin’s Fear&Greed index measuring 64, indicating a sense of greed among investors. In terms of technical indicators, Harmony is trading above its 200-day simple moving average (SMA), a trend that has persisted for the last 25 days since March 13, 2023.
The price of Harmony maintains a position above the 50-day SMA, a trend that has been signalling a BUY for the past 0 days, starting from April 7, 2023.
ONE Price Forecasts by Experts
Cryptopredictions.com forecasts that Harmony ONE could reach $0.0010 (max) and $0.000369 (min) by the end of 2023. For 2025, projections point to a peak price of $0.0018 and an average of $0.0014, with the lowest projection of $0.0012. In 2026, the coin can experience a potential high of $0.0857 and an average of $0.0686, with the lowest price of $0.0583. In 2026, it sees a narrower range of $ 0.001 to $0.002 and an estimated average trading price of $0.0016.
Digital Coin Price’s predictions align with the projected trajectory of Harmony. By 2023, the platform foresees a potential maximum price of $0.0454 and a possible minimum of $0.0185. Extending the forecast to 2028, they predict a maximum price of $0.11 and a minimum of $0.0984. Moving forward to 2032, Digital Coin Price envisions a potential maximum price of $0.40 and a minimum of $0.39.
Coincodex suggests that Harmony’s value could hit $0.0132 within six months. Their one-year prediction indicates the potential for the coin to reach a maximum price of $0.241. Coincodex further explores different growth scenarios. In alignment with internet growth patterns, they anticipate a price of $0.0627 by 2026, while growth akin to Google might push the coin to $0.134, and following a trajectory similar to Facebook could lead to a price of $0.546.
Harmony’s technology seamlessly integrates into game development, exemplified by the play-to-earn game Rocket Monsters Universe on Unreal Engine 5. Despite a 90%+ decline from its peak, experts like @Teshkid FX anticipate a potential upward reversal, with Harmony’s price surging and potentially surpassing its previous all-time high.
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ONE Price Predictions 2023-2032
Harmony Price Prediction 2023
Our analysis suggests a prevailing bullish trend, potentially pushing ONE’s price to a maximum of $0.031. This indicates substantial growth from the present value. There is also a potential floor of $0.026 and an average trading value of $0.027, influenced by ongoing developments and frequent updates.
ONE Token Price Forecast 2024
For 2024, we foresee a maximum price of $0.045. Investors can reasonably expect an average value of $0.038, with a potential lower limit of $0.036. The year holds promise for ONE, with favourable conditions for bullish trends.
Harmony Price Prediction 2025
In 2025, our prediction positions ONE to potentially reach a maximum price of $0.063, while the minimum could settle around $0.054. An average forecast of $0.056 is projected. The growing adoption of blockchain applications bodes well for significant value appreciation.
ONE Coin Price Prediction 2026
Our 2026 Harmony price forecast underscores an overall bullish market, projecting a potential maximum of $0.093 and a minimum of $0.079. An average market price of $0.082 is expected. The effects of crypto volatility and market dynamics contribute to these price variations.
ONE Crypto Price Forecast 2027
In 2027, Harmony is predicted to attain a maximum price of $0.14 while maintaining an average of $0.12 and a minimum of $0.11 throughout the year. Enhanced attributes like reduced fees, transparency, security, and faster transactions could drive a surge in ONE’s value.
Harmony Price Prediction 2028
For 2028, our projection places ONE’s maximum price at $0.20, its lowest price expected to be $0.16, and an average value of $0.17.
ONE Harmony Price Prediction 2029
Looking to 2029, we envision a maximum price of $0.29, indicating a significant increase from the present value. The cryptocurrency is expected to maintain an average trading price of $0.25, with a projected minimum of $0.24 throughout the year.
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ONE Token Price Forecast 2030
In 2030, Harmony ONE is anticipated to reach a maximum price of $0.42, reflecting a substantial price surge. We also anticipate notable growth in the price support level, leading to a projected minimum of $0.35 and an average market price of $0.36. While our long-term forecasts are optimistic, the ONE token’s price prediction for 2030 foresees considerable volatility.
Harmony Price Prediction 2031
Moving to 2031, our prediction places the maximum price of ONE at $0.62, signifying a remarkable increase from the current market price. We anticipate the coin to achieve an average price of $0.52, with an expected minimum of $0.51.
ONE Price Prediction 2032
For 2032, Harmony investors could witness substantial gains, as the cryptocurrency is projected to reach a peak price of $0.89. Additionally, the coin can maintain a minimum price of $0.75, while the average price is about $0.76. Reduced fees, heightened security, and faster transactions could contribute to Harmony’s price increase.
Is Harmony (ONE) a Good Investment?
Harmony One Coin presents a compelling investment opportunity, supported by its high throughput capabilities and appeal to major traders. Investors can tap into an ecosystem that fosters Harmony’s adoption across diverse markets, emphasising data sharing, decentralised markets, and gaming.
Harmony has exhibited consistent top-tier performance in recent years. The recent surge in Harmony One’s value underscores its potential for unexpectedly substantial returns. Blockchain developers are well-acquainted with Harmony’s reputation, further elevating the status of Harmony One Coin within the cryptocurrency landscape.
Holding Harmony Coin for the long term could yield profitable results. Yet, while promising, Harmony Coin’s price trajectory may also exhibit volatility. In cryptocurrencies, investments can offer promise and risk, making prudent risk management a critical aspect of any financial commitment.
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Harmony ONE FAQs
Will Harmony ONE hit $1?
With its current price of $0.01, Harmony ONE must rise 50-fold to $1. Despite doubling in value from December 2021’s low to January 2022’s high at $0.35 (a 2.18-fold increase), achieving $1 in less than 5 years seems unlikely due to economic challenges like inflation and liquidity shortages. Thus, reaching $1 will likely take Harmony more than five years.
Does Harmony have a future?
Harmony stands out in the blockchain market due to its tangible use cases. It has swiftly gained popularity as an emerging project, drawing significant attention from the crypto community. Its rapid rise is evident in its listing on esteemed exchanges like Binance and Huobi Global. Backed by substantial real-world applications, Harmony’s promising future is clear.
Is Harmony legitimate?
Harmony holds the same level of legitimacy as other cryptocurrencies. Unlike many new coins that face scepticism, Harmony is an established project. Its real-world applications and community support enhance its trustworthiness. Harmony’s audit by Blockchain security firm Quantstamp, confirmed by CoinMarketCap, solidifies its legitimacy.
Is Harmony worth buying?
Numerous cryptocurrency experts foresee ongoing growth in Harmony’s value. With a total supply of 13,743,375,235 Harmony tokens, the quantity appears balanced. Technical analysis paints a promising long-term picture for Harmony. Keep in mind that all investments carry some level of risk. Cryptocurrencies stand as both potentially profitable and notably risky assets.
Where to purchase ONE?
Select a secure and reputable crypto exchange like CoinSpot to buy ONE in Australia. You then need to create an account on the exchange, verify it, deposit funds, access the Buy section, choose the desired quantity of ONE, and make your purchase. Once you have acquired ONE, you can store it in your CoinSpot wallet or transfer it to a personal wallet for enhanced security.
Is buying ONE safe in Australia?
Yes. Buying ONE in Australia is safe if you opt for a reputable and secure crypto exchange. CoinSpot, Australia’s leading crypto exchange, provides a reliable platform for purchasing Harmony tokens with competitive fees. By using their services, you can have confidence in the safety and security of your ONE transactions. You can read our CoinSpot review for further details.
Final Verdict
Harmony protocol’s ONE token has recently garnered attention from crypto traders through its listing on major exchanges. Beyond its broad acceptance in the crypto market, Harmony actively developed its dApp ecosystem that captured the interest of cryptocurrency investors.
Investors and traders are advised to conduct thorough independent research before investing in Harmony tokens. Although Harmony is widely traded, you should weigh the pros and cons before making an investment decision. Crypto prices can be highly speculative and prone to abrupt volatility. The actual price movement might not align with these technical analysis-based forecasts.
