$ONE
In the next 24 hours, it is projected that there will be tight consolidation with a tendency for only slight technical corrections. Price is likely to fluctuate in the range of $0,0009200 to $0,001050 USD as the market responds to very drastic fundamental changes in the Harmony ecosystem.
Main Factors Causing Price Movement
Total Blockchain Layer-1 Closure Plan: The primary reason for the current high price uncertainty is the official announcement that Harmony is permanently shutting down its Layer-1 blockchain network. This extreme decision was made after a major hack exploit last August, which illegally produced billions of fake tokens.
Token Migration to Ethereum (ERC-20): The original ONE token will be migrated into an ERC-20 token on the Ethereum network via an automatic balance snapshot method. The deadline for users to withdraw funds from the Harmony smart contract and DeFi has already passed, so the price is currently highly volatile as retail investors and whales are adjusting their portfolios (some selling, others holding in preparation for an Ethereum airdrop).
Business Pivot to the AI Video Sector: Expectations for ONE’s future are now no longer based on independent blockchain technology, but instead on a new project called "The Remix Economy for AI Video". This fundamental shift from a web3 infrastructure coin to an AI utility token has triggered short-term speculation, which briefly kept the price capped around $0,00099.
Short-Term Profit Taking: After holding above a critical area, technical indicators (such as RSI) are starting to approach the local buy-saturation zone for daily trading. Without any new positive sentiment catalysts in the next 24 hours, day traders are likely to take profits, which could push the price back below the $0,00095 level.
In the next 24 hours, it is projected that there will be tight consolidation with a tendency for only slight technical corrections. Price is likely to fluctuate in the range of $0,0009200 to $0,001050 USD as the market responds to very drastic fundamental changes in the Harmony ecosystem.
Main Factors Causing Price Movement
Total Blockchain Layer-1 Closure Plan: The primary reason for the current high price uncertainty is the official announcement that Harmony is permanently shutting down its Layer-1 blockchain network. This extreme decision was made after a major hack exploit last August, which illegally produced billions of fake tokens.
Token Migration to Ethereum (ERC-20): The original ONE token will be migrated into an ERC-20 token on the Ethereum network via an automatic balance snapshot method. The deadline for users to withdraw funds from the Harmony smart contract and DeFi has already passed, so the price is currently highly volatile as retail investors and whales are adjusting their portfolios (some selling, others holding in preparation for an Ethereum airdrop).
Business Pivot to the AI Video Sector: Expectations for ONE’s future are now no longer based on independent blockchain technology, but instead on a new project called "The Remix Economy for AI Video". This fundamental shift from a web3 infrastructure coin to an AI utility token has triggered short-term speculation, which briefly kept the price capped around $0,00099.
Short-Term Profit Taking: After holding above a critical area, technical indicators (such as RSI) are starting to approach the local buy-saturation zone for daily trading. Without any new positive sentiment catalysts in the next 24 hours, day traders are likely to take profits, which could push the price back below the $0,00095 level.