The Harmony protocol is a platform created to proffer solutions to two issues that plague blockchain networks. Therefore, the Harmony blockchain network aims at delivering both alongside each other, working in synergy. This unique offering from Harmony is sure to attract investors and they will want to know what the value of the Harmony token called ONE will be in the future before investing in it. The price prediction for ONE token is dependent on a number of variables in the coming years. Here, we will talk about Harmony price prediction to give investors, users, and traders an idea of the future holds for the ONE token.
Table of contents
- What is Harmony?
- Harmony Technical Analysis
- What makes Harmony unique?
- ONE token
- Harmony ONE Price Prediction 2021: Historical Data
- Harmony ONE Price Prediction
- How to exchange Harmony on Swapzone?
What is Harmony?
The purpose of the Harmony blockchain network is to enable the building and running of DApps in an innovative way through the emphasis on random state sharding. This allows to create blocks in seconds bringing scalability into the network. The Harmony network aims at launching a cross-chain infrastructure and cross-shard contracts by 2021 end.
Harmony was launched on the Binance Launchpad as an initial exchange offering in 2019. The ONE network builds a link between decentralization and scalability efforts as indicated in its motto that states “decentralization at scale”. The focus of the protocol is on building of marketplaces of non-fungible and fungible assets and data sharing as well as high throughput and low fees and latency. All these put together portray the Harmony blockchain network as part of the decentralized trustless economy of the future.
Harmony Technical Analysis
A short background
Before its initial exchange offering in 2019, the Harmony protocol started in 2018 and its fundraising event attracted several investors like the Silicon Valley-based Consensus Capital, Lemniscap VC based in Hong Kong, among others. The project was able to draw in about $18 million in funds with over 2.8 billion ONE tokens bought by the investors. Another 12.6 billion ONE tokens were pre-mined. Investors were promised access to a network that provides support to the ONE token over several markets as the protocol focuses on gaming, ad exchanges, decentralized marketplaces, credit rating systems, supply chain tracking, and data sharing. Investors will be keen to know the ONE price prediction if the token is going in the projected direction.
What makes Harmony unique?
The focus of the Harmony platform is on validation and speed with the protocol’s goal to change the way block creation is done. In order to achieve this, the protocol employs sharding to reduce the validation time of nodes substantially. To guarantee the security of nodes on the network and protect the process of validation, the Harmony protocol employs the use of the Verifiable Random Function (VRF). This function ensures an unpredictable and unbiased shard membership on the network. As such, validators and nodes selection and re-assignment is random.
The harmony network prioritizes speed. Its finality time- the period it takes for a transaction to be marked as validated by all parties – is 2 seconds. To understand the extent of the speed, the ethereum network in comparison uses 15 seconds to 5 minutes. Harmony achieves this by dividing each block in the blockchain into shards. Think of a shard as a section of a broomstick- it is faster to break one section than the whole.
As expected, the concept of cyber security comes to play in the shard mechanics. A threat actor who takes over a shard, is likely to hack the entire chain. Harmony ONE circumvents this problem by creating Effective Proof of Stake. Here, stake centralization is prevented and there is less room for inequality. In addition, there is a downtime penalty and bans against validators, as previously explained.
There is also the Harmony Grants program reported to have $300M for several projects seeking to build on its network. Harmony is fueling crypto adoption by creating ease of access to all networks.
The key that unlocks the Harmony network is the ONE token as it enables users, developers, and investors to participate in the network. Moreover, it is a means of payment for several network activities. The ONE token serves the following purposes:
- Users can gain more ONE tokens in block rewards using it for staking.
- It serves as an incentive to ensure the network stays healthy.
- The token is a payment method for several things from storage fees, and transaction fees to gas fees.
- The ONE token grants token holders rights to vote in network governance.
The ONE token had a flexible inflation pattern until March 2020. Afterwards, it was reset to an annual rate. This measure of consistency is what investor take into consideration before investing. It is a soft landing for the qualitative minds constantly calculating the cost and risk. Harmony ONE stands out with its quest to constantly improve its network.
Next, we move to the Harmony ONE coin price prediction to give investors an idea of the future price of the token.
Harmony ONE Price Prediction 2021: Historical Data
To begin with, according to Walletinvestor, the Harmony ONE price prediction 2021 showed that the ONE token could have finished the year with a maximum price of $0.258. That was a marginal increase in price from its price of $0.2198 as of October 18, 2021, according to CoinMarketCap. Furthermore, according to GOV Capital, the Harmony ONE price prediction showed that the token could have reached a price of $0.277 by December 2021.
To see if it was true you can examine Harmony ONE 2021 price chart below.
Harmony ONE Price Prediction
Beyond 2021, let us see what the Harmony ONE price prediction has for us. We will look at Harmony ONE price prediction 2022, Harmony ONE price prediction 2025, and Harmony ONE price prediction 2030.
Harmony ONE Price Prediction 2022
Firstly, Walletinvestor’s Harmony ONE price prediction for 2022 indicates that the token will have reached a maximum price of $0.414. Deep analysts like Priceprediction.net are not as optimistic, predicting a high of $0.056 for the year.
At writing, Harmony’s ONE trades above $0.050 and could very well break PricePrediction’s high should it cross the $0.055 resistance in the coming weeks.
Other algorithmic analysts like GOV Capital are more optimistic, forecasting a respectable high of $0.483.
Harmony ONE Price Prediction 2023
By 2023, Harmony’s uptrend is expected to continue. Should ONE outdo its previous ATH of $0.38, then ONE could very well be set for price marks beyond $1.
Uptobrain predicts that the ONE will hit $1 and could reach $1.523 by the end of the year. This is a generous forecast compared to Wallet Investor’s and Cryptopolitan’s. Indeed, Uptobrain’s basis for its generous analysts rests on the Harmony network’s openness to collaboration.
Not all analysts are convinced by this of course. TradingBeasts for example predicts a drop by the end of 2022 that continues into 2023. Rather than the former’s bullish prediction of $1, the average price in 2023 could likely fluctuate between $0.0796 and $0.0565, according to historical data. This is also consistent with Cryptopolitan’s prediction for 2023 at $0.072.
Harmony ONE Price Prediction 2024
In 2024, analysts like Uprobrain remain bullish on the Harmony native coin. For one, Uptobrain expects ONE’s uptrend to be generally consistent even to 2024, and predicts a possible high of $2 before year end.
However, as expected, most analysts are not as bullish. TradingBeast claims it adopts linear and polynomial regression to analyze historical data, based on this alone – ONE might even struggle to reach a dollar.
For January 2024, Harmony ONE could still be below its ATH at $0.1. Cryptopolitan makes very similar predictions, while Wallet Investor posits that Harmony ONE could have a real chance to break its previous ATH before year end.
Harmony ONE Price Prediction 2025
According to deep price analysts, Harmony ONE should have eclipsed its previous ATH of $0.378 by 2025.
Should Bitcoin (BTC) continue in its reliable aggregated 4-year uptrend, other altcoins like Harmony ONE could reap the benefits of the favourable market. According to analysts, ONE could reach a maximum price of $0.997 by 2025, a 168% ROI more than its current all-time high.
Indeed, previously cautious predictors like GOV Capital Harmony ONE price also predict the ONE to reach as high as $1.634. Likewise, the previously not optimistic PricePrediction predictor expects ONE crypto to reach a slightly lower maximum price of $1.16 in 2025.
Harmony ONE Price Prediction 2026
Harmony will rise 50% in 2026 from current price according to Cryptopolitan, with a value of $0.21. At this point, the token should have more utility. With a solid foundation, it will attract more artists, developers, and creatives. NFTs will be integrated into the chain, as well as metaverse features. Furthermore, Harmony is predicted to continue its bull run all through the year.
Harmony ONE Price Prediction 2027
WalletInvestor predicts Harmony to be worth $0.659 by 2027. Alternatively, Cryptopolitan pegs its 2027 value at $0.30. Regardless of the price differences, it is safe to say that both analyzers expect a bull run. The ecosystem is expected to be more independent, and the price fluctuating between $0.29 and $0.35 by Cryptopolian’s analysis. Based on WalletInvestor’s forecast, buying $100 worth of Harmony ONE today could yield +1364.44% with a 5 year investment.
Harmony ONE Price Prediction 2028
The forecast for the year ranges between $0.44 and $0.52. The integration of more stable project will support the growth of the token. Price Prediction places its 2028 value at an average value of $0.45.
Harmony ONE Price Prediction 2029
The forecast of the price by 2029, is $0.67. By this year, transactions would be swifter. Additionally, more concern would be given to emission rates.
Harmony ONE Price Prediction 2030
Harmony ONE price prediction 2030 by Priceprediction.net shows that the experts forecast the token to reach as high as $7.14 in 2030. According to Telagon Harmony ONE price prediction 2030, the ONE crypto is expected to reach a price of $8.65 by December 2030.
How to exchange Harmony on Swapzone?
To exchange your asset for Harmony is easy, just visit Swapzone, a Harmony ONE token exchange aggregator for the best Harmony (ONE) rates in the market. These simple steps will help you to carry out the exchange:
- Open Swapzone on your web browser.
- In the “select pair” tab, insert the amount and amount of crypto that you are willing to swap in the “send” section.
- In the “get up to” section you will see the amount of Harmony (ONE) that you will receive.
- After you enter the details, Swapzone will provide you with a number of offers. You have the option to choose based on the best rate, fastest exchange, and the one with the best service rating.
- If you are unsure about a certain exchange, click on it and you will get more information on the exchange partner such as pros and cons along with user reviews.
- Once you find an offer you like, simply click on it and click on “exchange”.
- Once you do so, you will be prompted to enter the wallet address to receive the ONE coin, and an email address (optional). Once you’ve entered these details, hit on “proceed to exchange”.
- After your deposit is received, the exchange partner will then convert your deposit to Harmony (ONE). Just wait for the process to finalize. It may take some time.
- Once the process finalizes, you will receive your ONE coins at your wallet address. Take a moment to rate the exchange partner and leave behind an honest review.
Currently, Harmony ONE has a price value of $0.0468. Harmony ONE has achieved speed, decentralization, and security, that sets it apart from other networks. Its security is tied around effective proof of stake, where stakers are assigned random nodes to each chain. Furthermore, Harmony ONE created the horizon bridge that enables users go between Bsc, ERC20. And NFT networks.
Harmony places emphasis on boosting DAOs on the basis of transparency, openness, and ease of use.
Harmony mints a maximum of 441 million ONE tokens annually. Following this logic, it can be inferred that ONE ought to be an inflationary coin. More transactions means more ONE tokens are burned. ONE can never be a deflationary coin as tokens are burned in penalties and fees from the total supply. Therefore, the price predictions are unlikely to be stable. However, the price is likely to rise, depending on other variables.