This Low Cap Crypto Asset Could Be the Most Undervalued Altcoin on the Market, According to Coin Bureau – Coin-News24.com

0
32


Popular crypto analyst Coin Bureau is revealing which altcoin he believes could be the most undervalued asset in the crypto sector.

In a new video, the pseudonymous host who works under the moniker Guy tells his 539,000 subscribers that he’s got his eye on sharding protocol ONE, the native asset of Harmony.

Harmony is a sharded, smart contract-compatible blockchain fully interoperable with the Ethereum ecosystem.  It was founded in 2018 by big tech heavyweight Dr. Stephen Tse and a team of Silicon Valley veterans. Binance Labs, the venture arm of crypto exchange Binacne, has invested $5.5 million in the project.

Harmony is inspired by other smart contract-based blockchains like Ethereum (ETH) and Cardano (ADA) and uses the same economic incentive structures similar to Cardano’s staking pool saturation, but Guy notes that the project has relied upon its own tech to address scalability issues plaguing smart contract networks.

“Unlike most cryptocurrencies, the Harmony blockchain is not a fork of another popular cryptocurrency’s blockchain, nor was it built using a generic blockchain developer toolkit like the Cosmo SDK. Harmony was built from the ground up to properly address the issues of scalability, security, decentralization and also privacy, which Stephen once referred to as ‘the fourth trilemma.’”

Coin Bureau adds that in order to launch as many validators as possible, Harmony has created a low barrier to entry for anyone who wants to stake ONE. Harmony only requires that you have 10,000 ONE coins to start staking, which, at the time of writing, will cost you about $1,100.

Though Harmony’s ONE token has massively surged since the beginning of the year, the Coin Bureau analyst believes that it still has plenty of room left to grow.

“Harmony has gone up 20x since January, making it one of the best performing cryptocurrencies I’ve covered so far this year. The best part is that there still seems to be a lot of room for growth given that ONE’s market cap is currently sitting around $1 billion with 74% of its supply in circulation. It also helps that as a newer cryptocurrency ONE has no real zones of previous resistances from the 2017 to 2018 bull market…

Harmony has its best days ahead of it. And the ONE coin is just starting to make its mark in the crypto market. Adoption, interoperability, decentralization, and governance are Harmony’s focus points in 2021 and I have a feeling they’re going to deliver on all four.”

l

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/cobalt88



LEAVE A REPLY

Please enter your comment!
Please enter your name here