{"id":394972,"date":"2022-01-16T23:45:00","date_gmt":"2022-01-16T20:45:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/3-reasons-why-harmony-one-rallied-back-to-its-all-time-high-this-week\/"},"modified":"2022-01-16T23:45:00","modified_gmt":"2022-01-16T20:45:00","slug":"3-reasons-why-harmony-one-rallied-back-to-its-all-time-high-this-week","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/3-reasons-why-harmony-one-rallied-back-to-its-all-time-high-this-week\/","title":{"rendered":"# 3 reasons why Harmony (ONE) rallied back to its all-time high this week"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3b86e099418\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3b86e099418\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/3-reasons-why-harmony-one-rallied-back-to-its-all-time-high-this-week\/#ONE_benefits_from_Harmonys_300_million_ecosystem_development_fund\" >ONE benefits from Harmony&#8217;s $300 million ecosystem development fund<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/3-reasons-why-harmony-one-rallied-back-to-its-all-time-high-this-week\/#Cross-chain_bridges_help_raise_Harmonys_prospects\" >Cross-chain bridges help raise Harmony&#8217;s prospects<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/3-reasons-why-harmony-one-rallied-back-to-its-all-time-high-this-week\/#New_users_and_ecosystem_growth_back_record_high_TVL\" >New users and ecosystem growth back record high TVL<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># 3 reasons why Harmony (ONE) rallied back to its all-time high this week <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>Bitcoin price is still a ways from its $69,000 all-time high but this isn&#8217;t stopping altcoins from moving toward new highs.\u00a0<\/p>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/\">TradingView<\/a> shows that since hitting a low of $0.13 on Dec. 4, the price of Harmony (ONE) has risen 163% to establish a new all-time high of $0.38 on Jan. 14 <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-01\/6d7222f0-93a6-42e8-8176-3c0303641181.png\"><figcaption style=\"text-align: center;\"><em>ONE\/USDT 1-day chart. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>Three reasons for the growing strength of Harmony include an expanding ecosystem, the launch of multiple cross-chain bridges and developers interest in finding Ethereum network alternatives.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"ONE_benefits_from_Harmonys_300_million_ecosystem_development_fund\"><\/span>ONE benefits from Harmony&#8217;s $300 million ecosystem development fund<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>One of the biggest boosts to the overall health of the Harmony ecosystem began back in September when the project launched a $300 million developer incentive program designed to help fund bug bounties, grants and the creation of 100 decentralized autonomous organizations (DAOs) on Harmony. <\/p>\n<p>Since the launch of the program, 23 DAOs have been funded and launched on the Harmony network with more currently in development. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-01\/e0f6b0e1-7e50-454a-9f91-7cba03cf9b01.png\"><\/figure>\n<p>The incentive program has also helped attract multiple protocols to the Harmony blockchain in some of the most popular sectors of the ecosystem, including DeFi, payment platforms and nonfungible token (NFT) projects. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">1\/ <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/harmonyprotocol?ref_src=twsrc%5Etfw\">@harmonyprotocol<\/a> <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roves 21 more proposals for its $300M Ecosystem Fund <\/p>\n<p>DeFi: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/epnsproject?ref_src=twsrc%5Etfw\">@epnsproject<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/AnChainAI?ref_src=twsrc%5Etfw\">@AnChainAI<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/perpprotocol?ref_src=twsrc%5Etfw\">@perpprotocol<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/freyalacrypto?ref_src=twsrc%5Etfw\">@freyalacrypto<\/a><\/p>\n<p>Payments: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Allbridge_io?ref_src=twsrc%5Etfw\">@Allbridge_io<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/MIM_Spell?ref_src=twsrc%5Etfw\">@MIM_Spell<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/klever_io?ref_src=twsrc%5Etfw\">@klever_io<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Trustee_Wallet?ref_src=twsrc%5Etfw\">@Trustee_Wallet<\/a><\/p>\n<p>NFT: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/TheDeFimons?ref_src=twsrc%5Etfw\">@TheDeFimons<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/KangaFinance?ref_src=twsrc%5Etfw\">@KangaFinance<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/StoreyTheApp?ref_src=twsrc%5Etfw\">@StoreyTheApp<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/NiftyRow?ref_src=twsrc%5Etfw\">@NiftyRow<\/a> <\/p>\n<p>And more \u2b07\ufe0f <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/zxyl4Z3wWJ\">pic.twitter.com\/zxyl4Z3wWJ<\/a><\/p>\n<p>\u2014 Harmony  (@harmonyprotocol) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/harmonyprotocol\/status\/1481658556688769028?ref_src=twsrc%5Etfw\">January 13, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Cross-chain_bridges_help_raise_Harmonys_prospects\"><\/span>Cross-chain bridges help raise Harmony&#8217;s prospects<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Another reason for Harmony &#8216;s recent strength is the launch of several cross-chain bridges that connect the Harmony network with other Ethereum Virtual Machine compatible networks like Celer and Polygon. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">1\/ We are excited to announce that <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CelerNetwork?ref_src=twsrc%5Etfw\">@CelerNetwork<\/a> has extended support to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/harmonyprotocol?ref_src=twsrc%5Etfw\">@harmonyprotocol<\/a>.<\/p>\n<p>ONE users can now use the multi-chain &#8216;cBridge&#8217; to transfer <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$USDC<\/a> and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24WETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$WETH<\/a> instantly and at a low-cost. <\/p>\n<p>More \u2b07\ufe0f<\/p>\n<p>\u2014 Harmony  (@harmonyprotocol) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/harmonyprotocol\/status\/1481247044564287489?ref_src=twsrc%5Etfw\">January 12, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>On top of the most recent integration with the Celer c-bridge, which enabled the cross-chain transfer of USD Coin (USDC) and Wrapped Ether (wETH), Harmony launched a cross-chain NFT bridge as part of the Horizon bridge back in November of 2021. <\/p>\n<p>Most recently, the project revealed a collaboration with the L1 protocol Cosmos to create a bridge between the two rapidly growing ecosystems in an effort to further expand its interoperability and help scale cross-chain finance. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">1\/ We are glad to announce that we have approved a grant for <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/datachain_en?ref_src=twsrc%5Etfw\">@datachain_en<\/a> to build a bridge between Harmony &amp; <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/cosmos?ref_src=twsrc%5Etfw\">@cosmos<\/a>.<\/p>\n<p>Datachain\u2019s experience in building interoperability solutions using trustless inter<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>ries is peerless. <\/p>\n<p>ONE step closer towards scaling cross-chain finance <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/27ueWWUkT0\">pic.twitter.com\/27ueWWUkT0<\/a><\/p>\n<p>\u2014 Harmony  (@harmonyprotocol) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/harmonyprotocol\/status\/1481307671035006978?ref_src=twsrc%5Etfw\">January 12, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>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.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>ICON commits $200M to interoperability incentive fund<\/em><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"New_users_and_ecosystem_growth_back_record_high_TVL\"><\/span>New users and ecosystem growth back record high TVL<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Another bullish metric backing Harmony&#8217;s growth is its rising TVL, which is now at an all-time high of $1.25 billion according to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/defillama.com\/chain\/Harmony\">data<\/a> from Defi Llama. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-01\/125029c4-3035-4ded-a094-b789eabb9a6f.png\"><figcaption style=\"text-align: center;\"><em>Total value locked on Harmony. Source: Defi Llama<\/em><\/figcaption><\/figure>\n<p>Several DeFi protocols are thriving on the Harmony network, including DeFi Kingdoms (JEWEL), which accounts for $747 million of the TVL, Tranquil Finance with $201.85 million and Viperswap with a $54.4 million TVL. <\/p>\n<p>VORTECS\u2122 data from Cointelegraph Markets Pro began to detect a bullish outlook for ONE on Jan. 8, prior to the recent price rise. <\/p>\n<p>The VORTECS\u2122 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.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-01\/dbc2bf64-005e-4b23-82d3-98007c8ff77e.png\"><figcaption style=\"text-align: center;\"><em>VORTECS\u2122 Score (green) vs. ONE price. Source: <\/em><em>Cointelegraph Markets Pro<\/em><\/figcaption><\/figure>\n<p>As seen in the chart above, the VORTECS\u2122 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. <\/p>\n<p class=\"post-content__disclaimer\">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.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/3-reasons-why-harmony-one-rallied-back-to-its-all-time-high-this-week\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# 3 reasons why Harmony (ONE) rallied back to its all-time high this week &#8221; Bitcoin price is still a ways from its $69,000 all-time high but this isn&#8217;t stopping altcoins from moving toward new highs.\u00a0 Data from Cointelegraph Markets Pro and TradingView shows that since hitting a low of $0.13 on Dec. 4, the&#8230;<\/p>\n","protected":false},"author":1,"featured_media":394973,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDEvNDllNzg5NDAtZjYxNS00YzY4LTllZjItZDhkMWI3YjhjOGIyLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,74863,74860,74877,74868,74891,75719,105688,95118,73821,73785],"class_list":["post-394972","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-cryptocurrencies","tag-cryptocurrency-exchange","tag-decentralized-exchange","tag-defi","tag-ethereum","tag-funding","tag-markets-pro","tag-nft","tag-developers","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/394972","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=394972"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/394972\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/394973"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=394972"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=394972"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=394972"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}