Is it too late to invest in Harmony (ONE) after it reached its new ATH?

Harmony announces Hackathon event with $1 million in prize money

Harmony ONE/USD is a blockchain platform that was specifically created to facilitate the creation and usage of decentralized applications (dApps). 

The network aims to innovate the way dApps work by focusing on random state sharding, which allows the creation of blocks within seconds.

Heightened interest in the Harmony blockchain as a catalyst for growth

On July 14, we covered Harmony (ONE)’s partnership with SushiSwap.

On October 20, Harmony invited developers with a $300 million treasury fund. It will be dispersed in the form of bounties, grants, and opportunities. 

The Harmony Ecosystem Fund wants developers to create bridges as well as smooth interfaces, which sets up the Harmony blockchain for mainstream adoption.

However, on October 25, the ONE token reached a new all-time high value of $0.319297.

This success of the token spread quickly among crypto communities, and as such, analysts and cryptocurrency enthusiasts have predicted a bullish future for the token.

In fact, according to a tweet by WSB Crypto Mod, we can see that there is speculation of the token’s possibility to reach $0.4 or $0.5. 

This is a possibility that can occur if the cryptocurrency continues to attract more investors to its platform. 

Should you invest in Harmony (ONE)?

On October 25, at the time of writing, the Harmony (ONE) token had a value of $0.308273.

To get a better perspective of what kind of value point this is for the token and how much it can climb by the end of October, we will go over its all-time high value and its performance throughout September.

In terms of the all-time high value, we already know that the token reached $0.319297 on October 25. When we compare the tokens, we can see that the token was 3.58% higher in value at its peak on October 25, or higher by $0.011024.

When we look at September’s performance, we can see that the token had its lowest point on September 7, when its value fell to $0.1169.

Its highest point in September was on September 13, when the token increased in value to $0.2187. This gives us an indication that the token grew by 87% throughout the month or by $0.1018.

That said, from September 13 to its value on October 25, we can see an increase of $0.089573 or by 40%.

With this in mind, we can realistically expect the token to reach $0.4 by the end of October.

The post Is it too late to invest in Harmony (ONE) after it reached its new ATH? appeared first on Invezz.

Publication date: 
10/25/2021 - 14:11
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