It’s a bloodbath in the cryptomarket at present and so any token that is performing in the green
is sticking out like a sore thumb – Harmony is one of those and in this video I’ll take you through
what it is and what the price prediction might be – but first please subscribe to the channel
and press the bell icon! SO WHAT IS HARMONY?
Harmony is an open and fast blockchain that is designed to facilitate the creation usage of
dapps. It has a focus on random state sharding which allows for the creation of new blocks
in seconds. Harmony’s mainnet runs Ethereum applications with 2-second transaction finality
and 1000 times lower fees. A big tick given Ether fee’s will have you hocking your organs
on the blackmarket for Christmas presents. Harmony utilises bridges that can connect to
any Proof-of-Work and Proof-of-Stake chains. Our FlyClient architecture is fully trustless
and highly gas-efficient. The bridges offer cross-chain asset transfers with Ethereum,
Binance and 3 other chains and secure tens of millions cross-chain assets.
In plain English, it’s a platform that helps to facilitate transactions and development
in an efficient and more cost-effective measure. It’s built to solve the riddle of delivering both
scalability and decentralization at no expense of one another.
WHY IS IT EXPERIECNING A SURGE? Harmony’s 24 hour performance has been
extremely encouraging against the serious dip that is occurring, It’s risen by more than 10% in a sea
of red. It too has been a victim of the past week though, dropping 27% in that period. But the trend
that is beginning to emerge amidst the haemoraging is that quality projects with genuine utility
are starting to find a stable footing. With traders looking to both capitalise on the dip
and also get out before a new bottom is found – they are doing so across multiple platforms
and in a way that is trying to avoid extreme fee’s – many believe harmony offers a solution
to these issues, so renewed interest has been placed in the token and it’s platform,
with the trading volume also having increased by more than 42% in the past 24 hours.
SO WHATS THE PRICE PREDICTION?
This is a project with a strong developing team lead by founder and CEO, Doctor Stephen Tse.
He has a phd from the University of Pennsylvania, specializing in cryptographic
protocols and type theory and has worked for Google and Apple in senior software roles.
There’s a clear vision as to the projects purpose and given the tokens current price,
it is undervalued – it’s current price of just over 19 cents is approximately half of it’s all
time high recorded back in October. A conservative estimate see’s Harmony and its native ONE token
pushing back towards that all time high in February – and the launch of Ethereum 2.0 could
have a major impact on it’s performance. It’s 2026 price could well see it push beyond $3 a piece –
marketing however appears to be the projects biggest stumbling block – more approachable
language for the casual investor would go along way towards its success. We recommend you read the
whitepaper and add this one to your watchlist. If you enjoyed this video please like,
share, subscribe to the channel, drop us a comment about what other crypto related info youd like us
to look at and press the bell icon to stay across the latest videos from Kalkine. For more info just
head across to the website, kalkinemedia.com – im james preston reporting for kalkine.