On May 15, 2018, Binance announced that it had officially added Harmony (ONE) to its list of supported cryptocurrencies. This news sent the price of ONE soaring, and it has continued to rise ever since. But what is Harmony, and why is it on Binance?
Harmony is a blockchain platform that is designed to scale to millions of transactions per second. It uses a novel consensus algorithm called sharding, which allows it to process transactions much faster than other blockchain platforms.
In addition, Harmony is optimized for low-latency and high-throughput applications such as gaming, streaming, and payments.
NOTE: WARNING: Investing in cryptocurrencies is risky and there is no guarantee of success. Is Harmony on Binance? Before making any investment decision, it is important to do your own research and confirm that the asset is available on the exchange you are using. Investing in Harmony may involve additional risks including but not limited to market, technical, regulatory, and/or legal risks. You should always make sure you understand the associated risks before investing.
Binance is one of the largest cryptocurrency exchanges in the world, and it lists a wide variety of altcoins. Binance typically adds new coins that have strong fundamentals and are likely to see significant price growth in the future.
Harmony meets both of these criteria, which is why it was added to Binance.
Since being listed on Binance, the price of Harmony has risen significantly. This is due to the increased exposure that Binance provides, as well as the improved liquidity that comes with being listed on a major exchange.
If you’re looking for a coin with strong UPSide potential, Harmony is one to watch.
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