Cryptocurrency Price Prediction

Harmony Price Prediction: Will ONE Price Excel Beyond $1 In 2022?

Written by: Elena R

Written by right arrow

Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

  • author twitter

Apr 21, 2022

news-image

 Altcoins have grown drastically over the last two years. Many exciting crypto projects are entering the market, in order to serve the needs of the blockchain space. This is done either by improvising existing solutions or by cracking the unsolved problems. One such promising project is “Harmony”, which boasts its native asset “ONE”.

In the continuously evolving crypto space, Harmony is one of the unique projects. It works on the “Effective Proof-of-Stake (EPoS)” consensus mechanism which is referred to as the new version of PoS. This enables improved scalability and faster transaction speeds.

As the platform is preparing for extraordinary upgrades and collaborations. The Altcoin could skyrocket to hit new milestones and could take the ROI much higher from the existing 3859.12%. Wondering how high could the price of ONE catapult in 2022? Look no further, as we decode the plausible price targets for 2022 and the years to come!

Overview

CryptocurrencyHarmony
Token.ONE.
Price.$ 0.0445
Market Cap.$2,535,410,127
Trading Volume.$563,738,309
Circulating Supply.10.67 Billion ONE
All-time high.$0.2655 on October 10th, 2021.
All-time low.$0.003807 on 14th March 2020.

Harmony (ONE) Price Prediction For 2022

Potential LowAverage PricePotential High
$0.310$0.3725$0.422

 Harmony’s ONE price had initiated the year 2022, on a positive note, with its price at $0.234. Following a single-day spike of 14.3%, on the very first day of the year. The digital asset was seen generating consecutive higher highs. Which took the price to the quarterly top at $0.377, by the 14th of January. A steep fall from which led to the price finding support at $0.180.

While it did pose a leg-up to $0.2256, by the 10th of February. Torments in the business, dragged the price down to $0.12519, by the 24th of February. ONE’s price had managed to climb up to $0.1649, by the 3rd of March. The spike was short-lived, as a downswing took the price to $0.1210, by the 14th of March. An uptrend thereafter took the price to the monthly close at $0.1754.

Harmony’s (ONE) Price Prediction For Q2

 After commencing its trade for the quarter at $0.1712, the price of the altcoin started moving south. The digital asset at the time of press is hovering close to its support levels at $0.1255. A bullish surge would help the digital asset establish grounds at $0.1651. Chugging past could take the price to its potential high of $0.2134. 

Whilst a balance in trade practices could help the price settle at $0.1693. Bears out-weighing the bulls could land the price at $0.13348.

ONE’s Forecast For Q3 

 The network’s $300 M grant fund, foray into the metaverse, zero-knowledge proofs. And time to finality will help build a larger user base. Moreover, the vision for the year, which includes adoption, interoperability, and decentralization could be imperative for the price projection. Wherefore, ONE’s price could propel to its potential high of $0.2968, by the end of 2022. 

On the contrary, a lack of on-paper developments could result in a downfall to $0.1963. That said, an equilibrium in buying and selling pressures could land the price at $0.2612.  

Harmony’s Prediction For Q4

Growing optimism in the final quarter will help boost the volumes. Which in turn will reflect on the price projection of the digital coin. The price of ONE could surge to its potential high of $0.422, by the end of the year. While negative criticism and depleting volumes could slash the price down to $0.310. Considering the bullish and bearish targets, the average price could settle at $0.3725.

Price Forecast For 2023 

The community could focus on revolutionizing interoperability. If Harmony enhances its platform by offering flexibility and seamless transparency. The protocol may smash the $0.919 mark by the end of 2022. On the flipside, ONE price may also fall back to $0.449.

Price Prediction For The Next 5 Years

In 5 years, ONE might become the top Defi token in the market, and might enter the top 20 cryptocurrencies list. If the network works on an instant transaction system, then it may blow a high at $3.627.

By the end of 5 years, with not many developments. ONE coin might trade at $2.112. Conversely, if new regulations pop up in the coming years, the coin may entangle and drop even to $1.160.

YearPotential LowPotential High
2023$0.449$0.919
Next 5 Years$1.160$3.627

What Does The Market Say?

Trading Beasts:

According to Trading Beasts, the Harmony price is expected to hit the maximum price of $0.2119, by year-end. The analysts from the firm expect the altcoin, to settle at the minimum and average levels of $0.144 and $0.1695. That said, Trading Beasts foresees the possibility of ONE reaching the maximum of $0.2927, by the end of 2025.

Gov.Capital:

Gov.Capital has revised its prediction for Harmony. It now expects the digital asset to hit a maximum of $0.3312, by the end of 2022. The firm has set minimum and average closing targets for 2022 at $0.2448 and $0.288 respectively. Gov.Capital anticipates ONE’s price to surge to a maximum of $0.792 by 2023. And a maximum of $2.060 by the end of 2025.

Digital Coin Price:

The crypto prediction website has reupdated its price prediction for ONE. It forecasts that the price is expected to close its trading at a maximum of $0.17 by 2022. The firm predicts the maximum closing targets for 2023 and 2025 at $0.19 and $0.28.

Wallet Investor:

As per the forecast of Wallet Investor, ONE price is expected to surge as high as $0.296 by the end of 2022. The firm anticipates the minimum and average possibilities at $0.194 and $0.248 respectively. Wallet Investor has also made predictions for the long term. It expects the cryptocurrency to reach the maximum of $0.840, by the end of 2025. 

Click here to read our price prediction of Hedera (HBAR)!

What is Harmony (ONE)? 

Harmony is the next-generation sharding-based blockchain protocol built to allow the creation and use of Defi apps. The network is fully secure, and scalable, and it intends to innovate the way dApps work by allowing the creation of blocks in seconds. 

The platform utilizes Effective Proof-of-Stake (EPoS) consensus mechanism. The method enables staking from hundreds of validators at the same time. Moreover, the network allows cross-shard transactions enabling shards to contact directly with each other.  

Harmony being a fast and open blockchain for dApps has its own native token “ONE”. The protocol is utilized for staking, to pay transaction fees, storage, and gas fees. 

Fundamental Analysis

Harmony was founded by a former principal engineer of Apple Stephen Tse in 2017. His main motive behind the launch of this project was to revolutionalize block creation, by bringing in the sharding process.  

The founder accomplished his PhD in cryptographic protocols and type theory from the University of Pennsylvania. Soon after his degree in 2006, he gained knowledge as a research intern at Microsoft. The founder also accumulated 4 years of experience as a senior engineer at Google.

In 2011, he launched a search engine called “Spotsetter”, which was later acquired by Apple. Dr Stephen Tse also served as Principal Engineer at Apple in 2014.

The creative founding team of Harmony mainly includes 12 developers. Who carry the experience of working with reputed companies such as Google, Amazon, Apple, and Microsoft, amongst others. The team enables a grants program that intends to build more innovative products and bring creative developers to the Harmony mainnet.

Our Harmony (ONE) Predictions

  The constant upgrades and partnerships will give a massive boost to the price of Harmony (ONE). According to Coinpedia’s formulated Harmony price prediction. With bullish market sentiments, ONE’s price may skyrocket to $0.422 by the end of the year 2022.

On the downside, future market fluctuation and increased competition may adversely affect Harmony’s (ONE) price. Which may result in a collapse of the coin’s price to $0.310.

Historic Market Sentiments

2020:

 Harmony (ONE) entered the market in the year 2020 with an ICO of $0.006500. The price was hovering at $0.4811, till the end of the year. As the platform was in its initial state of fundamental upgrades.

2021:

 Harmony entered the year 2021 with a trading price of $0.00844. On a bullish note, the price started to rise further and is trading at $0.199 by mid-March. However, on May 19, the price collapsed, dipping to $0.05688. The ONE price remained sluggish till mid-July. The token’s price had a massive gain thereafter reaching a new ATH of $0.2168 on September 9th, 2021.

But, the Chinese market turmoil plummeted the price rally, dumping the asset’s price to $0.1208 by September 21st. Forming a rising wedge pattern the price surged by more than 50% on October 10th. Which helped take the price to a new ATH of  $0.2655.

Owing to the FUDs over the US Feds’ decision to taper the interest rates in November. ONE price reached a four-month low of $0.1677 by the year’s end.

To read our price prediction of Dash (DASH) click here!

FAQ

Q: Is Harmony (ONE) a good investment?

A: Yes, if you are planning for the long term Harmony looks promising. As the coin is planning for expansion and more security upgrades.

Q: How high may Harmony’s (ONE) price hit by the end of 2025?

A: Harmony (ONE) has a tremendous potential to reach new ATHs as per the fundamental analysis. ONE’s price could possibly hit the $3.6 mark by the end of 2025.

Q: Where can I buy Harmony (ONE)?

A: Harmony (ONE) is available across popular platforms such as Binance, Coinbase, Huobi, and more. 

Q: Will ONE hit $1 by the end of the year 2022?

A: The price of the digital asset could probably surge as high as $0.422, by the end of 2022. 

Q: Which consensus mechanism does Harmony use? 

A: The Harmony network uses the Effective Proof-of-Stake consensus mechanism. 

Show More

Was this writing helpful?

dislikeimage No myImage Yes

Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

Related Articles

Back to top button