Harmony (ONE) Price Prediction 2021 – Will ONE Hit $0.5 Soon?

This Harmony (ONE) Price Prediction 2021 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.

There are various cryptocurrencies that rose to a new all-time during this 2021 bull run. In contrast, some crypto assets also faced a price drop. As a result, many digital currency traders are worried about whether it is time to hold or sell their digital assets. This is also the same situation that crypto traders could experience in ONE.

Nevertheless, the crypto market is consolidating lately, and many cryptocurrencies are losing their previous profits. Will ONE experience the same price volatility? We’ll find out shortly in this ONE price analysis 2021 article. But first, let’s have a look at what ONE is.

What is Harmony (ONE)?

Harmony is the next generation sharding-based blockchain which is fully scalable, provably secure, and energy efficient. Moreover, Harmony addresses the issues of current blockchains by joining the best research results and engineering practice in a minimal tuned system.

• Fully Scalable: Harmony shards the blockchain state along with the network communication and transaction validation such as Zilliqa. This makes the ONE fully scalable blockchain.
• Secure Sharding: Harmony’s sharding mechanisms are probably safe. This is due to the distributed randomness generation (DRG) process which is unpredictable, unbiaseable, verifiable and scalable. The platform also reshards the network in a non-interruptive approach to protect against slowly adaptive byzantine adversaries.
• Efficient and Fast Consensus: Harmony is related to PoS and thus energy efficient. More so, the Consensus is hitted with a linearly scalable BFT approach that is 100 times quicker than PBFT.
• Adaptive-Thresholded PoS: The stakes threshold is needed for a node to enter the network which is adjusted based on the volume of whole staking in a way that malicious stakers won’t concentrate their power in a single shard.
• Scalable Networking Infrastructure: With RaptorQ fountain code, Harmony could propagate blocks fastly inside shards or over network by utilizing the Adaptive Information Dispersal Algorithm.
• Consistent Cross-Shard Transactions: Harmony supports cross-shard transactions along with shards which communicate directly with one another. An atomic locking system is utilized to ensure the consistency of cross-shard transactions.

By creating both the protocol and network layers, Harmony offers the world with a secure and scalable blockchain environment that is required to support the growing decentralized economy. Moreover, Harmony will allow applications that were not feasible in the past on blockchain, which includes high-volume decentralized exchanges, interactive fair games, Visa-scale payment process, and IoT transactions. All-in-all Harmony strives to scale trust for billions of people and create a radically fair environment.

Now that we are clear about ONE do you think ONE will be beneficial crypto in 2021? Join me and let us see the charts in this ONE price analysis and ONE price prediction.

Harmony Current Market Status

As of the time of writing this ONE price analysis, ONE trades at $$0.063 with a 24-hour trading volume of $39,956,962. The price of ONE has increased by 19.2% in the last 24 hours.

Furthermore, ONE has a current circulating supply of 10,213,513,965 ONE. Currently, the top cryptocurrency exchanges for ONE are Binance, Huobi Global, HitBTC, Bitcoin.com Exchange, and Gate.io.

Now, let’s go to the next part of this ONE technical analysis for 2021.

Harmony Price Analysis

Currently, ONE holds the 89th place on CoinGecko. But will the latest upgrades, development, and changes in the ONE blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this ONE price prediction article.

In the daily frame chart shown above, we can see the Falling Wedge Pattern. Moreover, this could immediately lead to a price breakout. Moreover, the falling wedges slide down and contain a bullish bias.

More so, this bullish bias cannot be analysed till a resistance breakout occurs. As a continuation pattern, the falling wedge will slide down further, however the slope would stay against the predominant upward signal. As a reversal pattern, the falling wedge slopes up and with the predominant trend.

The Relative Strength Index (RSI) is above 43, which means that ONE is in a nearly oversold state. Keeping all this in mind, traders can be aware and move away from unexpected losses due to the crypto market’s wild swings.

Let us also look at the Simple Moving Average (SMA) and the Exponential Moving Average (EMA) of ONE.

Since the start of 2021, ONE’s price has seen many bullish moves which are higher than the previous one. More so, these are followed by fluctuations, consolidation, and corrections right away. Taking this into consideration, ONE has a competitive market this 2021.

Harmony Price Prediction

The chart below shows that ONE has performed great over the past few days. Moreover, the ONE price shows a bearish trend. If this trend continues, ONE might run along with the bears, overtaking its $0.05 support level and drop lower.

Conversely, if the investors turn against the crypto, the bears might take over and push ONE from its downtrend position. In simpler terms, the price of ONE might increase to almost $0.22, a bullish signal.

Meanwhile, our long-term ONE price prediction 2021 is bullish. It has a high possibility of surpassing its current all-time-high (ATH) at about $0.22 this year. However, that will only happen if it breaks many previous psychological resistances.

Conclusion

Harmony has a bright future ahead of it in 2021. With the ongoing developments happening within the ONE ecosystem, as well as in the overall crypto market, we may see ONE reach new heights. Bullish ONE price prediction 2021 is $0.225. As said above, it may even reach $0.5 if investors have decided that ONE is a good investment in 2021, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

Source: https://coinquora.com/harmony-one-price-prediction-2021/