The Ontology project is a multi-level network in which participating organizations can interact with other systems, such as EOS, Ethereum, and QTUM, which also support NEO. Businesses can trade and store their digital assets on the NEO network, as well as connect to other digital currency systems.
The next level of the Ontology project is the level of custom protocols and APIs. These tools will allow business companies that participate in the Ontology project to create their own blockchains themselves. Its next level enables business participants to implement blockchain solutions and ensure they are legal, transparent, and easily controlled.
Ontology (ONT) is the project of Onchain, a Chinese company that focuses on blockchain technologies. There was no ICO – the tokens were given to the holders of NEO coins (2 ONT for 1 NEO).
The airdrop started in October 2017 and successfully finished in January 2018. ONT boasts a very high ROI (261.2% ROI since ICO in US dollars, and 494% ROI in Bitcoins). Today, ONT costs 3.6 times higher than during the ICO when it was sold for $0.20. What made ONT popular is the widespread adoption and implementation of Ontology in different platforms and exchanges (it’s listed on Abucoin, Binance, Bitbns, Huobi, Gate.io, and OKEx).
Ontology Coin Fundamental Value
Ontology is a network that combines the blockchain and
the real economy. Unlike other projects of this kind, Ontology emphasizes
digital identity and trust management.
As we’ve mentioned, there are three basic levels in
the Ontology system, and the middle level is particularly interesting because
it offers protocols for creation of dApps: for example, Ontology Common
(digital identification of users), Ontology Custom (building business models on
the blockchain), Ontology ID (digital verification for organizing the
“Internet of things”) and so on. According to experts, the modules
are very simple and resemble a designer from which you can assemble anything.
In Ontology, everything is built on trust. Users pass identification and form the so-called trust anchors, which are then combined into “trust trees”.
On a purely technical level, Ontology is also
different from other cryptocurrencies. For example, it uses the modified dBFT
consensus protocol, also known as the Byzantine generals task. This is a
variation of the PoS protocol, in which the delegates selected during the
voting support the network performance.
In early March, when Ontology cryptocurrency just
appeared on the exchanges, the price of the coin was $ 1.4. In the middle of
the month, she appeared on the Binance exchange listing, and the price
immediately stepped over $ 2, and the market capitalization reached 300
In April, the price rose to $ 4, and by the end of the
month doubled. Capitalization reached 900 million.
Experts attribute the sharp growth of Ontology to the appearance of coins on top exchanges. In addition, friendship with NEO had a positive effect on the coin’s reputation.
In early May, the cost of ONT reached the overwhelming
level of $10, and market capitalization overcame the $1 bln barrier. After
that, the correction phase began, in which the price varied within $6-8.
Ontology (ONT) Technical Analysis
Check the technical analysis of Ontology on
TradingView. That will help you understand the current situation on the market:
Ontology (ONT) Popularity Trend / Community Reputation
Ontology is pretty popular among the progressive
crypto community, and many people have a positive outlook on the coin and its
future. It can be proved by tweets like:
Moreover, Ontology appeals not only to regular users
but other crypto companies, as well. For example, recently, Paxos decided to
issue tokens on the basis of Ontology blockchain:
Recently, the interest to the Ontology project was
heated up by the closure of the staking information website:
The search trend has been changing all the time, which
means the Ontology team knows how to attract users’ attention at the right
Influencers Projections on Ontology
In 2018, traders expected the coin to hit at least $6-8 target by the end of the year. However, it didn’t happen because of the bearish wave on the market. The same thing is happening right now: ONT cannot resist the downtrend that affected BTC and the altcoin market to a serious extent. Here’s what traders think about the nearest future of ONT:
This post reflects the opinion of the vast majority of
traders who understand there’s nothing to be done when a serious bearish period
starts – a rare coin can resist and hold its previous level.
While in 2018, experts expected ONT to reach $30-40, this year, they tend to be more realistic. So, what to expect from Ontology in 2020?
According to AlanMasters, one of the most popular traders on TradingView, ONT/BTC could enjoy 108% growth before November and reach the price of 1700 Satoshi (currently, its value is 755 Satoshi). Will it reach the price of $1.5 during the fall? It sounds possible.
Reddit users discussing the Ontology price predictions 2020 came to the conclusion that we shouldn’t expect ONT to overcome the level of $1.5 because 2019 wasn’t lucky for cryptos in general. A few months earlier, many users hoped for the $5 threshold, though.
If we take a look at crypto prediction websites, they provide absolutely different forecasts. While WalletInvestor’s forecast is $0.184, TradingBeasts provides an adequate estimation of $0.88 by the end of the year, and Digital Coin Price – $2.09.
As for long-term predictions, you can check the
forecasts from three crypto experts:
We’d recommend you remove one zero from the
predictions – all in all, ONT didn’t
manage to make it to $40 in 2018. Like any other coin, Ontology will need some
time to recover.
Ontology (ONT) Price Prediction for 2020
Judging by the current situation, the altcoin market is on the thin ice – further falls can happen at any time. The current ONT price isn’t necessarily the lowest low because even worse times might come during September.
However, if the altcoin market recovers and so do coins, we can expect ONT touch $1 resistance and try to break through $1.64, $1.83 and $1.96 levels respectively. If we cast a realistic look at the situation, it becomes clear that ONT isn’t likely to surpass the $1.5 level by the end of 2020.
As for Ontology price prediction 2020, it can be expected to touch the $5 threshold because the project is being constantly developed, and Ontology continues gaining traction. All we need is a serious uptrend combined with minor help from the community and developers.
Most projects focused on the integration of innovative technologies in existing organizations are highly likely to succeed. However, their prospects also depend on creators and marketers.
Price prediction of the Ontology project also depends on the decisions of the Chinese government, which opposes the development of the crypto industry. However, as soon as the Chinese authorities reduce their pressure on crypto projects, ONT will be among the first to reap profits.
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