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Price Analysis

Ontology Price Analysis: Ontology (ONT) Slows The Growth Pace Before Surging Back

As of late, the Ontology network reported a partnership with Zeux, the London-based organization that proves simple to utilize answers for changing over the digital forms of money. With this piece of news coming in, this is a boon to the price movement of the coin. Ontology has continued to show bullish trends since the past 1 months; however, the price of the coin saw a decline in the price on 24-June-19. However, the coin has regained its momentum post 24-June-19 and started to show bullish trends again.

Let us look at how the ONT coin has performed: –

Ontology Price Chart - 27 june
Ontology Price Chart

Current Statistics of ONT:

  • As per 9:34 UTC today, the market value of the coin was 737,946,728 USD.
  • Price of the coin today as per 10:05 UTC is 1.52 USD.
  • 24-hour volume figures are $257,432,123 USD.
  • 494,757,215 coins are currently in circulation.
  • Return of the coin is -42.57%.

Ontology Price Prediction:

The price of the coin on 24-June-19 at 00:40 UTC time was 1.48. If we compare the current price and prices on the said date, the movement of the coin shows a bullish trend by around 2%. ONT Price may reach around $1.66 by the end of day tomorrow as compared to today’s price. By the end of the year, we can anticipate the prices to reach $1.90.

Conclusion:

Ontology has time and again proved to be a very good investment option by offering good returns and value of money to the investors. Thus, this is the best time to purchase new coins and retain the same for the long term. It will yield better returns soon. If the coin continues to grow with the same pace, we can anticipate the next resistance levels of the coin as R1, R2, and R3 being $1.82, $1.96 and $2 respectively. We do not anticipate a massive fall in the price of the coin and predict that it will continue to offer good returns in the long run.

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Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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