ONE Price Analysis May 2022

ONE is a coin of platform Harmony. Its current price is around $0.04669 by the time of writing, with a low of $0.03258, and has a market cap of 563 million dollars.

What is Harmony?

Harmony is built to be scalable and secure, able to handle billions of transactions per second. It relies on sharding and a consensus mechanism called Proof of Stake, enabling parallel processing. The network also contains trustless ways of transferring between blockchains by using cross-chain bridges. In addition, harmony includes a new mandatory update, the Mainnet Release v4. 3.4 that will introduce changes using a hard fork.

What is ONE?

ONE is the native coin of the Harmony platform, which is around $0.04669 by the time of writing, with a low of $0.03258. It reached a high of $0.3798, and its current rank is #82 according to CoinMarketCap, with a market cap of 563 million dollars.

ONE Coin Market Analysis 

ONE has a max supply of infinite coins worth around $0.04669 with a market volume of 36 million dollars, whereas the market capitalization is 563 million dollars at writing. Even though cryptocurrency growth has slowed down in general, Harmony’s native token ONE has been one of the fastest-growing digital coins. The ROI has increased by 1700% since day 1.

ONE Price Prediction

On the 4H timeframe, the price action of $ONE/USDT has formed a rectangle chart pattern. The price is currently consolidating inside the rectangle. We have to wait for a successful breakout or breakdown.

Harmony Chain One Analysis May 2022
Harmony Chain One Analysis May 2022

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Closing Thoughts

Discipline and Patience are the most important components of a successful trade. According to the above analysis, the coins we just discussed about might make you decent gains if other market conditions prevail favorably. Again, it’s your hard-earned money that you’ll be using. Do Your Own Research before investing.

Disclaimer: Our analysis is for educational purposes.

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Pratyaksh

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