In any case, Im counting on a rebound to 0.02267. On the one hand, the coin is testing a strong trend line, on the other hand, the coin can finish drawing a well-known pattern and go down. According to ONEUSDT, these are the thoughts. Future price drops are also possible based on the current bearish trend. ONEUSDT testing strong support Hello everyone. There is a high likelihood of the price trading below the $0.1 price level. Therefore, using the chart indicator and price action, I expect Harmony one price to continue falling. In today’s trading session, the cryptocurrency has already lost a percentage point and is likely to see a bigger drop by the end of the session. The recent price action also shows the cryptocurrency is in a strong bearish trend, losing over 70 per cent since the year started. The Williams Alligator in the daily chart below shows a strong bearish move trend. (As of 11:02 AM ET) 1-Hour Change +0.0782 24-Hour Change +0.0782 7-Day Range 0.01 0.17 1-Day Volume 11.19 million Market Cap 170.71 million BTC Price 0.00000048 BTC Circulating Supply 13.33 billion Total Supply 13. The current industry-wide bearish market has likely contributed to the current state of Harmony One. Its current price is also below $40,000, a drop of 42 per cent from its all-time high. ONE, a token of the Harmony blockchain network, gained strong upside momentum at the start of 2022. For instance, Bitcoin, which is positively correlated with most altcoins, including Harmony One dropped by 13 per cent in April. Harmony Enjoys Strong Support As Traders Look For Alternative Projects. This has resulted in almost all cryptocurrencies that saw exponential growth during the 2021 bull run starting to decline. One reason why the cryptocurrency is struggling is that we are likely in a bearish cryptocurrency market. However, in 2022, Harmony one has struggled to continue with the growth it experienced in previous years. Its premise of giving high throughput, low latency, and low cost has attracted many users to the platform and resulted in past growth. I think it's safe to say that DeFi Kingdoms’ departure is very bad for Harmony.Since its launch in 2019 through the Binance launchpad’s initial exchange offering (IEO), the platform has aimed to create a bridge between scalability and decentralisation. The crypto has also lost over 70 per cent of its value from its year-to-date price highs. Hand with smartphone, screen with crypto icon closeup Harmony One has lost more than half its price since the year started. Even though DeFi Kingdoms is tiny compared to its peak popularity, its JEWEL token's $10M TVL represents 30% of all TVL on Harmony. Apr 28, 2022, 15:31 BST Harmony ONE cryptocurrency symbol, logo.More Bad News for HarmonyĪs Harmony struggles to recover from its $100M hack, Klaytn poached the best dApp on its network. In an AMA, DeFi Kingdoms admitted that Klaytn is paying, but not how much: We have come to an agreement on good incentives for us to consider the move as being worth it not just for the initial work but also to extend our runway. If DeFi Kingdoms is doing relatively well on the Harmony network, why leave? Well, it sure seems like Klaytn is paying DeFi Kingdoms to move to its blockchain. Klaytn Is Paying DeFi Kingdoms to Move to Klaytn Feb 15, 2022, 10:30 GMT Harmony (ONE) has skyrocketed within a span of one year.Top dApp on Harmony by TVL and transaction volume.13th highest user count over the last 30 days.4th highest user transaction volume over the last 30 days.
Today, DeFi Kingdoms still has impressive numbers, compared to other crypto games: It's hard for me to ignore that the JEWEL token's market cap has fallen to just $22.6M after being valued at $1.3B in January, but I don't play crypto games. DeFi Kingdoms Is Still AliveĪlthough DeFi Kingdoms is best known for an exploit that tanked its JEWEL token 90% in April, the game remains popular with web3 gamers. DeFi Kingdoms' move is a major blow for the sinking Harmony network, as it struggles to recover from the $100M hack of its Horizon Bridge in June. NFT game DeFi Kingdoms (JEWEL) announced it is leaving Harmony (ONE) for Korean metaverse blockchain Klaytn (KLAY).
1 min read Re-enactment of Klaytn's conversation with DeFi Kingdoms.
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