Looking for an Ontology price prediction?
The Ontology platform was created in 2017 by a Chinese company called OnChain. Ontology platform was founded by Erik Zhang, Jun Li and Da HongFei as the lead on the project
The Ontology platform features two coins; the Ontology coin known as ONT and the Ontology Gas token known as ONG.
Ontology Coin (ONT) is the cryptocurrency that powers Ontology, a high performance blockchain that focuses on solving issues related to identity, security, and data integrity making sure data remains accurate and consistent.
The platform was built with the intention of allowing businesses to install their blockchain technology without making drastic changes to their internal systems. The founders wanted to simplify the process of integrating blockchain technologies and the use of blockchain possible for everyone.
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Ontology Price Prediction
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What is Ontology?
Ontology (ONT) Coin is a cryptocurrency like many others. It was founded in China in 2017. It’s also a public blockchain network that was launched on the NEO blockchain. The Ontology blockchain is a high speed, low cost public blockchain bringing decentralized identity and data solutions to Web3.
Ontology offers a specialized distributed data exchange framework to drive more user-friendly and efficient onboarding for a broad spectrum of businesses and organizations that was previously cost prohibitive and time consuming.
Ontology’s unique infrastructure supports robust cross-chain collaboration and Layer-2 scalability, offering businesses the flexibility to design an enterprise blockchain that suits their needs.
Ontology’s features include ONT ID, a mobile digital ID application, DID used throughout the ecosystem, DDXF a decentralized data exchange, and collaboration framework. In addition, Ontology has a suite of decentralized identity and data sharing protocols to enhance speed, security, and trust.
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Overview of Ontology
Ontology has a dual-currency system; Ontology Coin and Ontology Gas. Ontology Coin (ONT) is used as the staking tool; the time and cost of staking and operating costs of the nodes are considered to be inputs. Ontology Gas (ONG) is used as a value-anchoring toll mechanism for on-chain applications and is used to facilitate on-chain transactions.
Ontology relies on the two coins to secure and power its network. ONTs are the primary coins on Ontology. Instead of having an initial coin offering, ONT Coins were airdropped for free by Ontology to the NEO holders and the people who had signed up for their email list.
A total of 1 billion ONTs have been minted, with an estimated 90% of these currently being in circulation. ONGs are produced every time an Ontology blockchain is completed. These coins are used to reward the users who keep the blockchain operational.
Ontology’s blockchain protocol has opened up the adoption of blockchain technologies for all businesses. Businesses no longer need to go through the learning phase and are still able to customize their blockchain according to their business requirements.
Ontology and NEO have teamed up to lead the transition towards a more digitized world. This will not only be a peer-to-peer trust network across blockchains but also across systems, industries, applications, and devices.
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How Ontology Works
The Ontology platform include features such ONT ID, mobile digital ID application DID used throughout the ecosystem, DDXF, a decentralized data exchange, and collaboration framework that have enabled the platform to gain traction over the years.
Ontology’s customizable approach has made it successful, and as of December 2021 there were close to 100 decentralized applications (dApps) running on Ontology blockchain platform. Top-performing Ontology-powered dApps include Wing and Unifi Protocol, both of which are decentralized finance (DeFi) projects focused on cross-chain interoperability.
Ontology’s backend systems run on its next-generation Ontorand Consensus Engine (OCE), which in turn relies on a customized consensus mechanism called Verifiable Byzantine Fault Tolerance (VBFT) which is a combination of Proof of Stake (PoS), Verifiable Random Function (VRF), and Byzantine Fault Tolerance (BFT).
In other words, VBFT adds an impressive level of scalability to the underlying PoS model, providing additional security and verifiable randomness through the VRF node selection process, and delivering shorter finality rates with BFT, ultimately combining the relative advantages of each component into a complex and dynamic framework.
Ontology Products
Some of the products offered by ontology include:
ONT ID
ONT ID enables users to protect their identity and data without constant oversight or maintenance.
Using ONT ID prevents malicious actors from identity hijacking or accessing personal information. ONT ID guarantees total control over who can access, see, and use your online data and identity.
Wing Finance
Wing finance is the premier cross-chain DeFi (decentralized finance) lending protocol integrated with a reputation score.
We’ve seen many investment analysts talk about the opportunities in De-Fi. Some of those discussions like Crypto Cashflow by Dan Ryder and Tai Lopez Crypto Defi Accelerator are meant to inform people about investment opportunities in De-Fi.
OScore which is enabled by ONT ID, is a blockchain reputation scoring system. Using OScore, users can access under-collateralized loans based on their reputation via the Wing Finance DeFi platform. Other DeFi activities like lending, borrowing, and insuring based on user reputation are also made possible by OScore.
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SAGA
SAGA is a decentralized data protocol powered by the Ontology blockchain.
It enables cross-organization data exchange, purchase and monetization of data in a fair, secure, and compliant way.
Ontology Price Chart Analysis
The beginning of the year 2021 was quite positive for ONT as there was tremendous growth from $0.4 to $2.69 by May 2021. It was a growth of more than 500%. Investors and traders started profit booking leading to a sudden ontology price fall. From $2.69, the price fell to $0.58 in less than 2 months.
The ontology price almost went back to the level from where it started the bull run.
Since then, the coin has been trading in a sideways journey with minor price rises and falls. Ontology currently stands at $0.20 USD with a market capitalization of $179,029,396, making it rank as the 118th most valuable coins. ONT has a 24-hour volume of $21,915,222, according to Tech News Leader Price Index. The price value of Ontology has changed by -5.92% in the previous 24 hours.
As per Bollinger Bands, the volatility has increased, and the price is trading above the upper band, indicating an optimistic outlook. Technical indicators are also indicating bullish momentum. RSI is at 76, indicating highly bullish momentum and it has crossed the overbought signal. The MACD line is also trading above the Signal line, indicating bullish momentum.
Overall, all the indicators are favorable for the coin, and the current price levels are perfect for traders & investors to accumulate the coin and hold the coin till the prices cross at least the $1 mark again.
Ontology has a maximum supply of 1,000,000,000 ONT, with a market capitalization of $249.75 Million. Its fully diluted market capitalization is $285.34 Million.
Within the last one month, the price of ONT decreased by -67.159%, eliminating a whopping average sum of $0.45 from its current value. This sudden down means that the coin is in dip right now, meaning that it can be a good buy opportunity for quick investment.
The 90 days price change is around -69.80% and the price circulated from a minimum average price of $0.71 to maximum average price of $0.74 in the past 90 days.
Ontology price is down by -77.75% with the maximum average price of the coin was around $1.07 and the minimum average price of was around $1.01 in past 4 months.
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Ontology Price Prediction 2022-2030
Future Ontology price predictions/ONT forecast is forecasted by applying technical Analysis on the past price data of ONT. All the historical data for the ONT is collected which includes multiple parameters like past price of ontology, ontology market cap and ontology volume.
If you are looking to invest in digital cryptocurrencies and want a good return on your investments, make sure to proceed in this read to get a good understanding of the ontology price and predictions.
Disclaimer
Before we even start this, I should clarify that past performance is not indicative of future results, and you should always approach trading with a set of fundamental principles that guide your trades. Historical data and technical price analysis help but they are not always conclusive. That being said, we have to acknowledge that crypto prices are arguably the hardest ones to predict because they are complex instruments we are still learning about. That shouldn’t stop you from taking into account experts’ opinions and forecasts when investing because they may give you a different perspective concerning factors that may affect future price forecasts of the cryptocurrencies.
Although we have ontology price predictions information, this is not indicative of ontology price forecast.
This is not investment advice and you will be better off doing your own research before getting involved with the crypto market. If possible, talk to your financial advisor if you intend to invest in the crypto market because if you get it right, historical price analysis can help.
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Ontology Price Prediction 2022
There are signs that the crypto market is about to enter a new age. The long-term price prediction for ONT price will soar since there is still optimism that the currency will attract much more attention.
As of 19 June 2022 Ontology is trading at $0.22 in terms of its USD rate with a price change of -0.57% . ONT has a total market cap of $191,865,114 with the 24 hour trading volume of $15,457,670.
Applying deep technical analysis tools to determine the Ontology price level, the ONT price is expected to cross an average trading price level of $0.30, the expected minimum price value of Ontology is expected to be $0.29. The ONT can reach a maximum price level of $0.34 by year ending 2022.
Ontology Price Prediction 2023
According to the Ontology forecast price and technical analysis, in 2023 the ONT price is expected to cross an average price level of $0.43, the expected minimum price value of Ontology by the end of 2023 could be $0.42 and a maximum price level of $0.51.
The ONT price is expected to have a good bull run in 2023 given that its meant to be held by long term investors, however this is subject to the cryptocurrency market forces at play.
Ontology Price Prediction 2024
In 2024, with more adoption and partnerships between other important blockchain networks, the price of Ontology would sky rocket.
It is expected that ontology will cross an average price $0.61. The expected minimum price value of Ontology by the end of that year could be $0.60 whilst the maximum price value could reach $0.72.
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Ontology Price Prediction 2025
For long-term Ontology price predictions, deep technical analysis is essential. The native token offers a few industry benefits especially since digital economy is autonomous making it ideal. As DAPPs and stable coins develop, the network offers competitive programmable payment, logistics, and storage options.
In 2025 the ONT price is expected to cross an average forecast price of $0.87. The expected minimum price value of Ontology by the end of that year could be $0.83 whilst the maximum price could reach $1.04.
Ontology Price Prediction 2026
ONT offers huge potentials to investors as the collaborations and innovations continue. This will spur more investments into Ontology and thus the price might rise much higher.
In 2026 the ONT price is expected to cross an average trading price of $1.23. The expected minimum price value of Ontology by the that year could be $1.20. and the maximum price could be $1.43.
Ontology Price Prediction 2027
The calculated price for the year 2027 is bullish. ONT is anticipated to touch a maximum value of $2.09.
The average price of the ONT is expected to be $1.86 and minimum price to be $1.80.
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Ontology Price Prediction 2028
It appears that by 2028,Ontology (ONT) prices will have reached a level similar to their highest price. By 2028, it is expected that the average price will be $2.79.
If everything goes smoothly, it is forecasted that the maximum price of Ontology could get to $3.15 while the minimum price could be $2.69. However, there are chances that the market will dump after a long bull run which is normal for cryptocurrency market.
Ontology Price Prediction 2029-2030
Ontology will steady at its current price for a very long time to come. By 2030, the ONT is expected to be worth a maximum value of $7.09 and a minimum value of $6.12 if the market gets bullish.
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Conclusion
According to smart technical analysis, Ontology seems like a sensible investment to hold on to for the long term and not short term. Although the analysis indicates that ontology will keep going up, the future price is also subject to market forces that often dictate how cryptocurrencies will perform.
That being said, you should not ignore the fact that the market, particularly that of cryptocurrencies is inherently volatile. In 2022, it has lost the momentum it had last year and it appears like the bubble is bursting. However, no one can say that it is guaranteed to keep falling because it can easily prop up just as fast.
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David Fortune has been the editor NoBSIMReviews.com since 2019. He is an expert at writing content on stock advisory services, side hustles, reviewing online business opportunities and many more topics. You can learn more about David on our about us page.