Ontology has been recently all over the news because of its strategic partnership with NEO for building cross-chain interoperability, which enabled the price to surge by around 17%. Even its been a while that Ontology has chosen to focus on integrating the needs of exchange of data, digital identities, and collaborations with other blockchains. I the beginning of this year, ONT partnered with two big organizations- ParityGames and GoWithMi, which is focused on leveraging the gap between blockchain and the business world. It even enables in customizing the public blockchains for multiple applications. (ONT coin news)
Ontology coin was created in 2017 by a Chinese organization called OnChain, led by two founders- Da HongFei and Erik Zhang. Ontology didn’t start as an ICO project, but it airdropped their coins to a variety of people for free initially, especially to Neo coin holders. The purpose of the ONT framework is not to work as a single blockchain but to enable its businesses to make utilization of both the public and private blockchain. Ontology aims to act as a bridge between the real world and the digital world in a trustless economy.
Ontology is currently trading at $0.827586, with a market capitalization of $527,463,193 and a circulating supply of 637,351,170 ONT. Ontology increased by around 2.64% in the last 24 hours, with a trading volume of $327,692,117.
As we all know, the crypto market is full of volatility and uncertainty, hence predicting about crypto down the line is a bit of a difficult job, but we have come to certain predictions based on Ontology crypto news and what the market leaders or the websites are talking. Let us have a look at some of those:
Trading Beasts is one of the cryptocurrency prediction websites which has forecasted that by the end of 2020, Ontology might reach as high as $1.005 and as low as $0.68. They have taken the average predicted price to be $0.80.
Wallet Investor is a crypto prediction site which is known for their realistic and conservative prediction. They have forecasted that by 2020 end, the Ontology price might fall and reach $0.0685.
Digital Coin Price is a forum which predicts the cryptocurrency price on a yearly basis. They have predicted that in five years, ONT might go up to $2.09.
Ontology is one of the best-performed cryptocurrencies, which has gone ahead with lots of integration and partnerships. At the beginning of 2020, Ontology has been associated with big names like MovieBloc, which is a platform for distributing films based on blockchain and Kmplayer. GoWithMi and ParityGame are also the ones which got recently partnered with Ontology. On top of all these, ONT has been receiving huge support from NEO. These recent innovations might lead ONT to a high level and it might reach $1.5.
2020 might turn out to be the golden year for the ONT community as it has plans of expanding the functionality of the platform. Ontology has plans of launching the PAX stable coin on its blockchain, which aims to accelerate the real-business applications on Ontology and provide the partners and investors with a reliable gateway to the digital asset space. Ontology emphasized that unlike USDT or Tether, Paxos ensures open auditing. By 2020, Ontology might reach $1.5.
Ontology might end up integrating its blockchain on many applications, and that is how it might grow unbelievably. The rate of user adoption might increase exponentially as the users would understand the benefit and uniqueness of the crypto. By 2023, it might even go ahead of its competitors in the market capitalization chart. By the end of 2023, Ontology might reach $5.
We are not quite sure about the partnerships or roadmap that is in store for Ontology. But one thing can be assured that Ontology has a great future and it might aggressively perform above and beyond, with multiple advancements in the technological front and business front. By the end of 2025, Ontology price might soar high and reach $15, given the rate of its growth and the current Ontology news.
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