Harmony price has undeniably been an outperformer for the majority of the year 2021. It has continued the trend of its dominance since the beginning of quarter 4. The ONE token experienced an upswing of 61.1% within the past 10 days smashing ATH of $0.2655 on October 9th, 2021. With series of projects set to explode, the altcoin could give Ethereum tough competition in the coming days.
Harmony’s Social Activity Awes Its Competitors!
The search interest for Harmony is shooting new highs. Data from Lunar crush has shown rising curiosity in the promising blockchain. The increasing interest is followed by the platform’s on-chain strength and massive developments coming out from the network. Harmony’s social volume surged by 261.4% from the previous week with 34,981 posts. Social engagement is up by 184.4% recording 16,711,444.
Harmony’s work from grass-roots to expand fundamentals beyond Ethereum and other competitors could be another powerful reason for the recent spikes. Let’s see some important upgrades that are scheduled to launch.
- In order to attract new projects, the Harmony Foundation is allocating over $300 million. This move aims to support 10,000 builders to scale blockchain to billions of people.
- On October 7th, the first DEX analytics aggregator IKURA collaborated with Harmony protocol.
- The Harmony ecosystem strives to become the best blockchain for cross-chain finance. By the year’s end, the network aims to bridge with Bitcoin and Ethereum for broader assets. This interoperability will allow the development of new finance applications.
Harmony One Price in Discovery Mode!
Harmony one price broke above the crucial resistance of $0.2115 reaching ATH of $0.2655 on October 10th, 2021. Woefully, the price failed to continue the momentum, very soon dumped below the region. Still, the trading volume is still maintaining an uptrend of 32.82% in the last 24 hours. At present, there seems to be a tug of war between buyers and sellers, as the token experienced rejection at $0.26502. However, buyers outpowering the sellers, preventing prices from dropping further.
The One token price would have immediately dropped to $0.1622 if there was significant dominance of the bear market. RSI and MACD factors are also in discovery mode, the price would reach a new milestone of $0.3 with a considerable rise in buy pressure. On the contrary, it would settle at an immediate support zone of $0.208.
Collectively, the altcoin has got the immense potential to outperform its competitors such as Ethereum, Cardano and Solana. Moreover, the harmony’s year-to-date performance is up by 4,874.6%, with series of events set to launch, crypto space is awaiting to see its massive price action in Q4.