- Bullish ONE price prediction ranges from $0.13 to $0.44.
- ONE price might also reach $1 soon.
- ONE bearish market price prediction for 2021 is $0.047.
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.
In this ONE price analysis and price prediction, we take a look at the performance of ONE if it will reach $1. But before that, let us learn more about what Harmony (ONE) is and its current position in the crypto market.
Table of Contents
What is Harmony (ONE)?
Harmony is the next generation sharding-based blockchain that 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 (ONE) Current Market Status
As of the time of writing this ONE price analysis, ONE trades at $0.2577 with a 24-hour trading volume of $284,712,003. The price of ONE has decreased by 9.66% in the last 24 hours.
Now, let’s go to the next part of this ONE technical analysis for 2021.
Harmony (ONE) Price Analysis 2021
Currently, ONE holds the 88th 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.
The above daily frame chart shows the Ascending Channel pattern. This bullish pattern is formed joining higher highs and higher lows. Based on the graph above, Harmony was able to defend its position well against the bears in the early days of the month.
In other words, ONE is gearing itself for a possible bullish rally in the days to come. If this happens, the crypto might go beyond its resistance level and reach the bullish price. Of course, this is most likely to happen if the bullish market continues to reside with Harmony.
Conversely, if the bulls turn against the crypto, the price of ONE might fall. In short, ONE might break out from its uptrend position and nosedive to a bearish price. This pattern shows the period of consolidation that may force a price breakdown or breakout. More so, a breakdown from the lower trendline shows the start of a new bearish trend. In contrast, a breakout from the upper trendline signal indicates the beginning of a new bullish trend.
As shown above, at the beginning of this month, ONE turned from its bear to bull trend. This happens as the result of the high trade volume that occured in that period.
The Relative Strength Index (RSI) is above 60.66, which means that ONE is in a nearly overbought 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. These are followed by fluctuations, consolidation, and corrections right away. Taking this into consideration, ONE has a competitive market this 2021.
Harmony (ONE) Price Prediction 2021
The chart below shows that ONE has performed great over the past few days. Moreover, the ONE price shows a bullish trend. If this trend continues, ONE might run along with the bulls, overtaking its $0.44 resistance level and climb higher.
Conversely, if the investors turn against the crypto, the bears might take over and push ONE from its uptrend position. In simpler terms, the price of ONE might decrease to almost $0.072, a bearish 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.
Harmony (ONE) Price Prediction 2022
If this bullish trend continues, ONE will hit $2 by the end of 2022. Moreover, the first half of 2022 is going to reveal fast growth, up to $2.5. Then the rise will slow down, but no major falls expected. With upcoming partnerships and developments happening, reaching $2 is quite optimistic in the price point of view but undoubtedly feasible for the near future.
Harmony (ONE) Price Prediction 2023
If ONE holds the support level around 200-MA which is the long-term moving average, buyers will then have ample time and stability to forge the next attack mission on the vital level at $3.5, making it not plummet but play consistently.
Harmony (ONE) Price Prediction 2024
As per the latest upgrades, developments, ONE price prediction, and new project forecasts of the platform, ONE investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of ONE in the crypto market, and it will be the best investment as the price can spike and reach around $5.
Harmony (ONE) Price Prediction 2025
In the next four years, ONE price could race up to $6.5. In addition, reaching this level could not be so difficult for ONE as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that ONE has a high possibility of reaching a new ATH soon in the next five years as per the prediction.
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 $0.44. ONE may even reach $1 if investors have decided that ONE is a good investment in 2021, along with mainstream cryptocurrencies like Bitcoin and Ethereum.
Users can obtain ONE tokens by purchasing them from cryptocurrency exchanges such as Binance, Huobi Global, HitBTC, Bitcoin.com Exchange, and Gate.io.
ONE is a good investment in 2021. However, ONE has a high possibility of surpassing its current ATH at about $0.22 this year.
Yes, it’s very much possible that ONE might reach $1 in the near future as per the current bullish trend.
Harmony (ONE) price is expected to reach $2.5 by 2022.
Harmony (ONE) price is expected to reach $3.5 by 2023.
Harmony (ONE) price is expected to reach $5 by 2024.
Harmony (ONE) price is expected to reach $6.5 by 2025.
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.