Investment speculations surround
Harmony coin, whose value has risen by 16.2% over the last week. Analysts predict a meteoric rise for the token, suggesting a potential 650% boost. Yet, the coin has seen a 10% decline within a week, raising concerns about its future stability. Harmony recently caught global attention as it hosted a Web3 event, getting involved in significant events that cement its place in the market. Further, investments in Harmony have shown their potential for power-packed portfolios, given the high growth expected for the coin. However, the coin recently suffered a devastating $100M bridge hack, which dealt a substantial blow to Harmony. In response, the Harmony team proposed issuing ONE tokens as a solution to compensate the victims. Investigations have linked North Korean Lazarus Group to Harmony's $100M hack. Amid these events, Harmony's utility is pointed out as it has begun migration from
Ethereum and
Binance chains to its own, showcasing the chain's innovativeness and potential for growth. Speculations on the coin's future price vary, with some predicting a beneficial Elliott Wave setup, which might indicate a potential uptrend. The auditory program,
Sushi, proposes to launch its full product suite on Harmony. Highlighting Harmony's innovative facet, the DeFi Kingdoms' offers a power boost to Harmony's blockchain through the Footprint Analytics.
Binance and
Huobi then collaborated towards recovering $2.5M from Harmony One hackers. However, questions persist on the potential drop in the coin's price.
Harmony Coin News Analytics from Sat, 02 Jan 2016 08:00:00 GMT to Wed, 17 Jul 2024 07:00:00 GMT -
Rating 5
- Innovation 6
- Information 7
- Rumor -3
