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Price Analysis

Ontology (ONT) Price Analysis: Will Ontology’s Price Get Into An Upswing Mode?

Ontology is a decentralized, high-performance public blockchain based project and a distributed trust collaboration platform. Launched in 2017, Ontology uses a dual token ONT and ONG model. ONT is the coin used for staking in consensus, ONG is a utility token for on-chain services. ONT releases ONG periodically. It is a second-generation cryptocurrency which has helped in bridging the gap between business sectors and blockchain.

Current Statistics:

Ontology Price Chart

As on May 03, 2019 at 9:29:03 UTC, the market price of ONT 1.11 USD. Price is down by -0.30% from the last closing price. Currently, ONT market cap is around 550,405,380 USD, 24h volume is at 60,031,909 USD and ROI is at – 57.58 %. Ontology coin is currently ranked number 21 in the cryptocurrencies market. In the last 24 hours, the highest price was 1.13 USD and the lowest price was 1.10 USD. As on April 03, 2019 at 11:34:05 UTC, the price was 1.46 USD. There has been a downturn in price over the last month to the tune of 23.97%. 2018 was not the best of times for the cryptocurrency market. It can be seen from the price trend from the beginning of 2019 that Ontology is slowly mounting a comeback with the price being mostly steady for the month of April 2019.

Predictions for 2019:

Ontology was one of the cryptocurrencies performing well before the recent bear market set in. Overcoming this short term hiccup should not be much of a challenge. The platform’s customized applications and user-friendliness make it versatile compared to its peers. The rising market cap and overall trading volume of this coin is an indicator of the coin’s popularity. The major problem with ONT is that it’s a niche platform which is right now a little saturated, but if they are able to upscale their unique offerings, then there would be no stepping back. Ontology’s skilled developers and partnership with NEO is one of the major reasons for the success of this currency. This will be one of the factors for prices to surge in the future.

The current market price is good buy time for investors. The price of ontology coin is expected to reach around 3.50 USD by the end of December 2019. This coin had achieved a high price of 10 USD in the past. Analysts predict that based on past and current trends the robust eco-system of the ontology will slowly inch towards that price over the years to come. Analysts expect Ontology to have a bull run in 2019 and say its a good bet as an investment in the long run.

 

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Scott Cook

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.

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