Harmony (ONE) Trading Down 5.3% This Week

Harmony (ONE) traded 1.8% lower against the US dollar during the 24-hour period ending at 9:00 AM Eastern on February 13th. One Harmony coin can currently be bought for $0.0025 or 0.00000004 BTC on major exchanges. Harmony has a total market cap of $36.52 million and $3.55 million worth of Harmony was traded on exchanges in the last day. During the last seven days, Harmony has traded down 5.3% against the US dollar.

Here is how related cryptocurrencies have performed during the last day:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower 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 up 1.2% 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 1.6% lower against the dollar and now trades at $66,673.40 or 0.99077245 BTC.

About Harmony

Harmony (ONE) uses the hashing algorithm. Its launch date was April 16th, 2018. Harmony’s total supply is 14,847,914,161 coins. The official message board for Harmony is medium.com/harmony-one. Harmony’s official website is www.harmony.one. Harmony’s official Twitter account is @harmonyprotocol and its Facebook page is accessible here. The Reddit community for Harmony is https://reddit.com/r/harmony_one/ and the currency’s Github account can be viewed 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 U.S. dollars. Investors seeking to acquire Harmony should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Changelly. 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