Harmony Price Reaches $0.0027 on Exchanges (ONE)

Harmony (ONE) traded down 6.4% against the dollar during the twenty-four hour period ending at 10:00 AM E.T. on February 5th. Harmony has a market capitalization of $40.74 million and approximately $5.53 million worth of Harmony was traded on exchanges in the last 24 hours. One Harmony coin can now be bought for $0.0027 or 0.00000004 BTC on popular exchanges. Over the last week, Harmony has traded down 16.5% against the dollar.

Here is how related cryptocurrencies have performed over the last 24 hours:

• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC (SOLVBTC) traded 7% lower against the dollar and now trades at $70,917.53 or 1.00721187 BTC.

Harmony Coin Profile

Harmony uses the hashing algorithm. Its launch date was April 16th, 2018. Harmony’s total supply is 14,840,585,277 coins. The official message board for Harmony is medium.com/harmony-one. Harmony’s official website is www.harmony.one. The Reddit community for Harmony is https://reddit.com/r/harmony_one/ and the currency’s Github account can be viewed here. Harmony’s official Twitter account is @harmonyprotocol and its Facebook page is accessible here.

According to CryptoCompare, “Harmony provides a high-throughput, low-latency and low-fee consensus platform designed to power the decentralized economy of the future. It plans to address the issues faced in other blockchain ecosystems through the use of the best research and engineering practices in an optimally tuned system.The technical focus of the project is on resharding and secure staking with decentralized randomness. Harmony also implements optimal cross-shard routing and fast block propagation.Effective Proof-of-Stake (EPoS) is a staking mechanism in a sharded blockchain that achieves both security and decentralization. EPoS allows staking from hundreds of validators and the unique effective stake mechanism reduces the tendency of stake centralization. Unlike proof-of-work (PoW) consensus mechanisms, EPoS is designed for faster processing times and improved scalability. While PoW requires a lot of electrical and computing power, staking consensus methods rely on an abundance of value holders, who become validators. To ensure the protection of nodes and secure the validation process, Harmony introduced the Verifiable Random Function (VRF) for unbiased and unpredictable shard membership. This means that nodes and validators are assigned and re-assigned in a randomized manner.”

Buying and Selling Harmony

It is usually not possible to buy alternative cryptocurrencies such as Harmony directly using US dollars. Investors seeking to trade Harmony should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Harmony using one of the exchanges listed above.

ONE/USD price chart by TradingView