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Harmony (ONE) price prediction 2022-2030

27 Jun, 2022 7 min read
Harmony (ONE) price prediction

Although there are numerous blockchain platforms for creating DApps with serious competition in this niche, new projects continue to emerge. One of such projects is Harmony. In the article, we explore the Harmony platform, its native cryptocurrency ONE and examine its price predictions.

What is Harmony (ONE)?

Harmony is a blockchain platform that allows increased scalability and cross-chain capabilities for DApps created. Thanks to the technological solutions used, the Harmony network can create blocks in mere seconds and offers very low transaction fees.

Harmony's website

We want to scale smart contracts to a global level. The centralised Internet has been great at allowing a few very large companies to be built, but the value has been very unevenly distributed. By decentralising access to these tools at scale, people around the world can create innovation that we haven't yet imagined. — Stephen Tse, Founder and CEO of Harmony

The history of Harmony

Harmony was founded in 2017 by IT specialist Stephen Tse, who has a PhD in cryptographic protocols and type theory. The project team comprises highly qualified professionals, many of whom have weight in the technical and scientific communities.

The IEO of the project was held on Binance Launchpad and started on 27 May 2019. The IEO lasted until 29 May 2019 and raised $18 million.

The project tokens were distributed as follows:

  • 22.4% - presale to large investors
  • 12.5% - distribution during the IEO
  • 16.9% - team tokens
  • 26.4% - protocol development
  • 21.8% - ecosystem development

On 28 June 2019, the Harmony mainnet was launched.

Harmony's features

Since the competition is strong in the niche chosen by the Harmony developers, the project must have distinctive features to stand a chance of winning. And Harmony has those features.

Harmony's blockchain uses sharding technology developed and tested in other projects. The technology divides the network into separate parts. This approach increases the throughput capacity of the blockchain. Moreover, the development team has improved the method by proposing several innovative solutions.

One of the solutions is the Distributed randomness generation (DRG) protocol, whereby the network is partitioned into shards based on a random algorithm, which significantly increases the security of sharding.

Thanks to sharding and the use of the new Fast Byzantine Fault Tolerant (FBFT) consensus protocol, block finalisation time, and transaction speed on the Harmony network is around 2 seconds.

Harmony uses an enhanced PoS mechanism called Effective Proof-of-Stake (EPoS) to motivate validators. One of the main differences between the mechanism and traditional PoS is that the block reward is based on the median stake of all validators. This is intended to discourage the over-concentration of tokens on individual nodes and increase decentralisation and protection against attacks.

It's also important to note that Harmony is an Ethereum virtual machine (EVM) compatible smart contract platform, allowing Ethereum-based DApps to be easily migrated to Harmony.

In addition, Harmony cross-chain bridges can potentially connect any PoW and PoS networks. Currently, bridges in the Harmony mainnet allow cross-chain transfers with Ethereum and BNB networks.

ONE is Harmony's native token and has several uses:

  • Paying fees
  • Running a node and staking
  • Conducting on-chain governance.

The annual reward for validators is 441 million ONE tokens, which includes both new token issuance and transaction fees. Thus, as adoption grows and the number of transactions increases, the issuance of new tokens should gradually drop to zero.

Harmony (ONE) price analysis

As of 23 June 2022, the ONE token ranked 91st among cryptocurrencies by market capitalisation at $324,943,680.

ONE price statistics (as of 23/06/22)

Current price

$0.02665

Market cap

$324,943,680

Circulating supply

12,193,771,232 ONE

Max supply

N/A

Daily trading volume

$29,968,799

All-time high

$0.3798 (26/10/21)

All-time low

$0.001257 (13/03/20)

Website

https://www.harmony.one/

ONE's price history

During the public sale, the token's price was $0.003175. The listing on cryptocurrency exchanges in early June 2019 was followed by a brief rise, bringing the price to $0.02825. However, the price started falling after a few days and reached its all-time low on 13 March 2020.

The following price recovery lasted until mid-August 2020 and was then replaced by a correction, which continued until January 2021. In early 2021, the coin's price experienced a sharp rise and reached a local high of $0.224 on 28 March 2021. After a correction that lasted until the end of June 2021, the price resumed rising and reached its all-time high on 26 October 2021.

After a small correction, the price began to recover but failed to reach the all-time high level. Starting in mid-January 2022, the token's price showed downward movement, which has continued to present.

ONE/USD historical logarithmic price chart
ONE/USD historical logarithmic price chart

Harmony technical analysis

The price of the token is currently moving in a downward channel. On 11 June, the price broke down the global bullish trend line. The moving averages indicate bearish sentiment. The RSI is close to an oversold area. The nearest support levels are $0.023 and $0.017. The nearest resistance level is $0.04.

In the short term, the price decline is most likely to continue. But, at the same time, a brief rise with a retest of the global bullish trend line is quite possible.

ONE/USD daily logarithmic chart
ONE/USD daily logarithmic chart

Harmony (ONE) price prediction 2022

The crypto market is now under strong bearish pressure, and ONE is no exception. A noticeable recovery in the token's price can only be expected if the global crypto market trend changes. Otherwise, it's unlikely.

Harmony (ONE) coin price prediction for 2022, 2023, 2025 and 2030

Now, as usual, let's look at ONE token future price predictions made by popular forecasting services.

Trading Beasts' ONE price prediction for 2022, 2023, 2025 and 2030

Trading Beasts predict that the price of the ONE token will decline until April 2023. After that, the price is predicted to rise, and it may reach an average price of $0.052 in December 2023, $0.059 in December 2024 and $0.068 in December 2025.

Wallet Investor's ONE price prediction for 2022, 2023, 2025 and 2030

Wallet Investor also expects the price of the token to rise. According to their forecast, the price will reach $0.121 at the end of 2022, $0.202 at the end of 2023, $0.366 at the end of 2025 and $0.0.446 at the end of 2026.

WalletInvestor's ONE price prediction for 2022-2023
WalletInvestor's ONE price prediction for 2022-2023

DigitalCoinPrice's ONE price prediction for 2022, 2023, 2025 and 2030

DigitalCoinPrice believes that the token's price will rise in the coming years despite fluctuations. The price will experience a long correction in 2026, but growth will continue after that. According to them, the ONE token may be worth $0.0349 by the end of 2022, $0.0447 by the end of 2023, $0.063 by the end of 2025 and $0.12 by the end of 2030.

DigitalCoinPrice's ONE price prediction for 2022-2031
DigitalCoinPrice's ONE price prediction for 2022-2031

Gov Capital's ONE price prediction for 2022, 2023, 2025 and 2030

Gov Capital expects ONE token to grow quite impressively. They believe the price will reach $0.229 in a year and $1.775 in 5 years.

Price Prediction's ONE price prediction for 2022, 2023, 2025 and 2030

Price Prediction also predicts the price of Harmony (ONE) to rise. According to their calculations, the average trading price of the token will be $0.05 in 2022, $0.07 in 2023, $0.15 in 2025 and $0.97 in 2030.

CryptoPredictions' ONE price prediction for 2022, 2023, 2025 and 2030

CryptoPredictions believe that the price of the token will rise in the near future but then decline until December 2023, when it will reach $0.0287. After that, the price will start rising and will reach $0.0527 by the end of 2024, $0.0639 by the end of 2025 and $0.0642 by the end of 2026.

Harmony (ONE) overall future value predictions

Harmony is a rather promising blockchain platform. The project team comprises experienced professionals, and the platform is developing quite actively. The project offers solutions to the scalability and cross-chain interoperability problems that are topical issues in the blockchain industry right now. Harmony is trying to differentiate itself from the competitors that use sharding technology by employing several innovations designed to increase the scalability and security of its blockchain.

The most significant threat to Harmony's prospects at the moment is the high level of competition. As a result, developers will have to work hard to carve out a niche and protect it from competing projects.

Another disadvantage of the project is the high centralisation of token distribution, as the project team and early investors hold a noticeable portion of the tokens.

It's also worth noting that the platform token is initially subject to inflation. The more transactions are made, the fewer new tokens are issued. Therefore, until platform adoption becomes really broad, token issuance will put inflationary pressure on the price of tokens.

How high can Harmony go?

If the platform continues to develop successfully, the token's price could well exceed its all-time high during the next bull run on the crypto market.

Harmony (ONE) price prediction today

At the moment, the token’s price is falling, moving in a downward channel. The most likely scenario is that the price will continue to fall, possibly after a retest of the global bullish trend line.

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