{"id":9509,"date":"2022-09-27T13:34:47","date_gmt":"2022-09-27T13:34:47","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2022\/09\/27\/is-one-a-safe-coin-to-buy\/"},"modified":"2022-09-27T13:34:47","modified_gmt":"2022-09-27T13:34:47","slug":"is-one-a-safe-coin-to-buy","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2022\/09\/27\/is-one-a-safe-coin-to-buy\/","title":{"rendered":"Is ONE a safe coin to buy?"},"content":{"rendered":"

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Harmony ONE worth has been in a sturdy bearish pattern previously few months. It dropped to a low of $0.016, which was the bottom degree since February 2021. It has fallen by greater than 94% from the very best degree, making it one of many worst performers within the trade.<\/p>\n

Why has Harmony crashed?<\/h2>\n

Harmony is a blockchain challenge that hopes to assist builders construct quick decentralized purposes (dApps). Apps in its ecosystem full transactions in lower than 3 seconds. Some of the highest purposes in its ecosystem are SushiSwap, Tranquil Finance, and Synapse amongst others.<\/p>\n

Harmony was one of many largest initiatives within the blockchain trade. This modified a few months in the past afer the large hack that led to a loss price over $100 million. According to US investigators, the\u00a0Horizon Bridge hack was instigated by North Korean hackers.<\/p>\n

As a outcome, the whole worth locked (TVL) within the community crashed from an all-time excessive of over $1.3 billion to lower than $30 million. This explains why ONE worth has crashed previously few months. Indeed, solely 5 purposes in its ecosystem have a TVL of over $1 million.<\/p>\n

Harmony has been engaged on how to repair the community after the hack. In a assertion, the builders introduced that they’d determined not to mint tokens to compensate those that misplaced their funds. They\u00a0stated:<\/p>\n

\u201cWe propose not minting more ONE tokens nor changing our tokenomics with a hard fork of the protocol. Instead, we propose deploying our treasury towards both recovery and development.\u201d<\/p>\n

Still, from a elementary perspective, Harmony has a good distance to go to regain its belief amongst builders and traders.<\/p>\n

Harmony ONE worth prediction<\/h2>\n

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The each day chart exhibits that Harmony has been in a sturdy bearish pattern previously few months. It has managed to transfer under the 25-day and 50-day shifting averages. Its quantity has crashed as demand stays a lot decrease. The MACD has moved to the impartial degree.<\/p>\n

ONE worth has additionally shaped what seems like a head and shoulders sample. Therefore, the coin will doubtless have a bearish breakout within the coming weeks. If this occurs, the subsequent key assist degree to watch will probably be at $0.015.<\/p>\n<\/div>\n

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[ad_1] Harmony ONE worth has been in a sturdy bearish pattern previously few months. It dropped to a low of $0.016, which was the bottom degree since February 2021. It has fallen by greater than 94% from the very best degree, making it one of many worst performers within the trade. Why has Harmony crashed? 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