Harmony’s ecosystem is expanding rapidly with the addition of new DeFi, NFT and DAO projects and the integration of cross-chain bridges could soon push $ONE to a new all-time high above $0.38.
Harmony is also in the final stages of creating a native bridge to the Bitcoin network which is expected to be released before the end of Q1 2022.New users and ecosystem growth back record high TVL
Another bullish metric backing Harmony's growth is its rising TVL, which is now at an all-time high of $1.25 billion according toSeveral DeFi protocols are thriving on the Harmony network, including DeFi Kingdoms , which accounts for $747 million of the TVL, Tranquil Finance with $201.85 million and Viperswap with a $54.4 million TVL.began to detect a bullish outlook for ONE on Jan. 8, prior to the recent price rise.
The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.As seen in the chart above, the VORTECS™ Score for ONE spiked into the green zone on Jan. 8 and hit a high of 75 around 48 hours before the price proceeded to increase 50% over the next four days.
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.
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