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Price Analysis

Ontology (ONT) Price Analysis: How Soon it will Cross 5 USD Mark?

While so many cryptocurrencies are coming out these days, very few are such that we can find promising in such a volatile and risky market. Looking at its history, Ontology (ONT) seems to be one of a kind. In March 2018, the crypto started its journey with its price at $2.62. In a remarkable move, it touched $11.18 mark on May 3rd, giving whopping returns. However, after that, the crypto-coin never went that high. But the price spike at the time proved its potential.

Ontology Current Status:

At 06:01:17 UTC, ONT price stands at $1.31 with $646,653,986 as its Market Capitalization. Ontology is ranked at the 22nd position on Coinmarketcap. Currently, 1,000,000,000 ONT exists in its Total Supply.

Ontology Chart

Comparison:

It has shown 114.75% of surge in its price since January this year, which is quite high. Additionally, we can see two major price hikes in the chart. One was on the 5th of April when the price went as high as $1.64 with some minor plunges, tracing a curve. The second and recent price spike came on the 16th of May when the price reached $1.62. It is anticipated that the recent one was due to a few announcements regarding ONT. At the time, a crypto trading platform ‘BigONE’ declared the addition of Ontology to its Proof-of-Stake (PoS) mining pool. Apart from that, another eminent crypto entity, ‘Trust Wallet’ had also announced support for Ontology.

Prediction:

Ontology is already making tremendous progress. For short term investors, we can predict that in a few months, it is likely to touch $5 mark and can go up to $10 till the end of 2020.

Conclusion:

It can be one of the best investment for the long term investors, as ONT is likely to give huge returns in the coming years.

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Ruti Vora

Ruti regularly contributes in-depth news articles for leading cryptocurrencies. She contributes technical chart-based price updates and analysis pieces on world's leading digital currencies. She holds graduate degree in journalism.

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