ONE Price Analysis
About Harmony
Harmony’s open, decentralized network is enabled through the use of the native protocol token - Harmony ONE. The token incentivizes and rewards a variety of participants including developers, validators/stakers, investors, and community members who develop, secure and govern the network. In order to use the network, users pay a small transaction fee denominated in the native Harmony token. Harmony’s scalable, high-throughput protocol is powered by a native token which is used for various forms of payment and participation in the protocol (staking, transaction fees, voting & governance). Harmony uses blockchain to align incentives of different stakeholders, developers and businesses while allowing them to build open marketplaces of fungible and non-fungible tokens and assets. Furthermore, the upcoming application of zero-knowledge proofs will allow Harmony to become a data sharing platform that can overcome the conflicting problem plaguing many information and data markets: that individual market participants’ have mutual distrust to share data but strong desire to acquire data themselves. The Harmony token will function in the following aspects of the protocol: The token is used for staking, which is necessary to participate in the POS consensus & earn block rewards and transaction fees. The token is used to pay for transaction fees, gas and storage fees. The token is used in voting for on-chain governance of the protocol.
Market Overview
Harmony's market environment is defined by a circulating supply of 14713901894.76291 and a market cap of $162.13M, placing it among smaller blockchain projects in the competitive landscape. Despite an uptick in the past 24 hours by 5.78%, the prevailing sentiment remains rooted in fear, as highlighted by the Fear & Greed Index value of 23—firmly in the 'Extreme Fear' classification. Trading activity is robust, with 24-hour volume reaching $14.46M, and average volumes over 1 hour and 24 hours reported at $19.19K and $460.67K, respectively, indicating active participation even amidst volatility. Overall, the fundamentals paint a picture of a project navigating uncertain waters, but still maintaining meaningful liquidity and community engagement.
Technical Analysis
Harmony's current technical landscape is characterized by a sequence of downward trends across key simple moving averages. The short-term and long-term SMAs all point lower, signaling persistent bearish momentum. The 24-hour volatility, at 0.35%, emphasizes ongoing price fluctuations, which could be reflective of the current sentiment around Harmony. Recent price action, with a 1-hour decline of -2.15%, reflects continued selling pressure, and the lack of a positive reversal in the 7-day trend underscores the cautious behavior among traders. The cumulative technical indicators suggest that bears are still in control for now, and any attempt at a turnaround will likely need to overcome these embedded resistance zones.
Future Price Predictions
| Year | Year High | Year Low |
|---|---|---|
| 2026 | $0.018 | $0.007 |
| 2027 | $0.026 | $0.012 |
| 2028 | $0.037 | $0.016 |
| 2029 | $0.051 | $0.021 |
| 2030 | $0.073 | $0.029 |
Expert Prediction
Given the convergence of bearish technical indicators and the prevailing extreme fear sentiment, Harmony is at a critical juncture. The entrenched downward momentum in key averages, together with volatility at 0.35%, suggests that short-term price action could remain challenging. However, such periods of low market confidence, as reflected in the Fear & Greed Index at 23, historically set the stage for recovery phases once the selling pressure abates. With 14713901894.76291 tokens and adaptable trading volumes, Harmony retains potential for sharp swings either way. Close observation of both macro market developments and protocol-specific catalysts will be essential for identifying when a reversal may be imminent.
| Volume (24h) | $14.46M |
| Current Supply | 14.71B |
| Market Dominance | 0.00% |
| Circulating Supply | 14.71B |
| Volatility (24h) | 35.09% |
| Fear & Greed | 23 (Extreme Fear) |
Other Price Predictions
