![]() ![]() As of printing time, the asset is changing hands at $0.02643 on major spot cryptocurrency exchanges. Updated Harmony (ONE) price prediction: Can it halt the slide Photo: Shutterstock ONE, the coin of fast and secure decentralised applications (dApps) platform, Harmony which had been on the skids through April, has taken a sudden and deep fall of 17 today (11 May) to 0.06 as a selling wave sweeps through the cryptocurrency sector. In the last 24 hours, ONE trading volume spiked by 20%. Since the first announcement about the activation of this hard fork, the token's price added 25% in less than one day. Holders of ONE, the core native cryptocurrency of Harmony (ONE) blockchain, demostrate optimism. ONE token reacts to major announcementsĮventually, the proof-of-stake version of Ethereum (previously called Ethereum 2.0) will also migrate toward a sharded design, per its most recent roadmaps. Besides Harmony (ONE), this instrument is used in NEAR Protocol's (NEAR) design. Sharding is the most sophisticated methodology of scaling. ![]() Shards can be better understood as interconnected sub-blockchains. ![]() The upgrade was supported by all major centralized crypto exchange platforms: no action was required by ONE enthusiasts.Īlongside other wallets, the users of the most popular EVM noncustodial wallet MetaMask can enjoy the advanced functionality of the blockchain. With the new technical design, ONE holders can move tokens seamlessly between shards with no special expertise and without writing a single line of code. Harmony (ONE) activates crucial hardfork for its sharding designĪccording to the statement shared by the team of Harmony (ONE), a high-performance sharded L1 blockchain compatible with Ethereum Virtual Machine, its v2023.1.0 was sucessfully activated yesterday at block height 37683200 (epoch 1323).Įnjoy native ONE cross shard transfers via any wallet □ /nqMNKQwUev With the new mechsnism, moving value between shards become easier than ever. Future price drops are also possible based on the current bearish trend.Harmony (ONE), one of the first sharded blockchains, shares the details of its major hard fork activation. There is a high likelihood of the price trading below the $0.1 price level. Therefore, using the chart indicator and price action, I expect Harmony one price to continue falling. In today’s trading session, the cryptocurrency has already lost a percentage point and is likely to see a bigger drop by the end of the session. Our staking mechanism reduces centralization while supporting stake delegation. Harmony Mainnet supports thousands of nodes in multiple shards, producing blocks in a few seconds with instant finality. Our protocol has achieved secure and random state sharding. The recent price action also shows the cryptocurrency is in a strong bearish trend, losing over 70 per cent since the year started. Harmony is a fast and open blockchain for decentralized applications. ![]() The Williams Alligator in the daily chart below shows a strong bearish move trend. The current industry-wide bearish market has likely contributed to the current state of Harmony One. Its current price is also below $40,000, a drop of 42 per cent from its all-time high. For instance, Bitcoin, which is positively correlated with most altcoins, including Harmony One dropped by 13 per cent in April. This has resulted in almost all cryptocurrencies that saw exponential growth during the 2021 bull run starting to decline. One reason why the cryptocurrency is struggling is that we are likely in a bearish cryptocurrency market. If Harmony successfully boosts market sentiment among cryptocurrency enthusiasts, the ONE coin price could remain stable for the next five years. However, in 2022, Harmony one has struggled to continue with the growth it experienced in previous years. Its premise of giving high throughput, low latency, and low cost has attracted many users to the platform and resulted in past growth. Since its launch in 2019 through the Binance launchpad’s initial exchange offering (IEO), the platform has aimed to create a bridge between scalability and decentralisation. ![]()
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