Latest News

ONE, Layer 2 protocol Harmony Looks Ready For Major Rally As The Year Ends

Layer 2 protocol Harmony (ONE) gets the attention of the host of popular crypto channel Coin Bureau. Of course, saying that the mid-cap Ethereum competitor is ready to spike before the year ends.

So, Harmony – ONE is a blockchain for powering decentralize economies by helping users. More so, to build marketplaces for both fungible and non-fungible digital assets. Also, Guy then notes the project is reminiscent of Ethereum 2.0, and highlights the speed of its network.

“Harmony, ONE looks like Ethereum 2.0 under the hood…”
“This is because Harmony leverages the Ethereum Virtual Machine (EVM) for smart…”
“contracts and uses a sharded proof-of-stake blockchain consisting of four shards…”
“Each shard can process up to 500 transactions per second,…”
“meaning Harmony
currently process around 2000 transactions per second, with a transaction finality of 2 seconds.”

Furthermore, The analyst also explains the deflationary nature of Harmony’s ONE coin.

“Apart from staking, the ONE coin is used for governance and to pay for transaction fees…”
“When it comes to transaction fees, all
the coins used to pay for transaction fees on the…”
“Harmony blockchain are burned. However,
it is not deflationary…”
“This is because a fixed supply of 441 million ONE coins are minted every year, and…”
“Its transaction fee burns are designed so they only burn the ONE coins that would otherwise be minted.”

Lastly, because of solid fundamentals and tokenomics. Then, the analyst thinks ONE can easily reach new all-time highs in the coming months.

“… ONE coin should have an easier time reaching new all-time highs…”
“And my long-term technical analysis suggests it could hit $0.50 later this year or early next year.”

Galaxy Interactive Rises Additional $325M Fund For Metaverse and Next Gen…>>

Related Posts – Bank DBS’s Crypto Business Grows Massively Due To Growing Demand From Investors

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.