Ontology Coin: A Wise Investment Decision?

Ontology (ONT) is a cryptocurrency that has been in the market since 2017. It has been deemed a good investment by some experts and traders, but opinions vary. ONT has been predicted to reach a maximum value of $0.34 in 2023, $0.97 in 2026, $2.83 in 2029, and $8.22 in 2032. However, Wallet Investor predicts that the coin's value will decline to $0.0229 within a year, suggesting a bearish outlook for the long term. As with any investment, it is important to do your own research and understand the risks involved before making any decisions.

Ontology's price history

Ontology (ONT) is a cryptocurrency that launched in 2018. It is a high-performance public blockchain and platform for distributed cooperation. It specialises in decentralised identity and data management via a range of distributed ledgers and smart contract systems.

The Ontology blockchain is a high-speed, low-cost public blockchain. It is designed to bring decentralised identity and data solutions to Web3, with the goal of increasing privacy, transparency, and trust.

The Ontology Coin began its life as an NEP-5 token on the NEO blockchain. On 30 June 2018, the Ontology mainnet was launched, and the NEP-5 ONT was swapped for the native mainnet ONT.

Surprisingly, Ontology did not hold an initial coin offering (ICO), instead opting for a private sale and airdropping ONT to NEO holders and those signed up for its email list.

The all-time high for Ontology was BTC0.001193, recorded on 3 May 2018. The current price of $0.166361 USD is 98.60% lower than this all-time high. The price of Ontology has decreased by 0.78% in the last hour and by 7.33% in the past 24 hours.

The Ontology price page on Crypto.com shows that the all-time high price for Ontology was $0.2025, with the all-time low being $0.1495. The price of Ontology is currently $0.160001, with a 24-hour trading volume of $6.65 million USD.

Ontology's future price predictions

Ontology (ONT) is a high-performance public blockchain project and distributed trust collaboration platform launched in 2017 by Onchain, a Chinese company. ONT is the project's native token, with a total supply of 1 billion.

2024:

• Minimum price: $0.16 - $0.190
• Maximum price: $0.49 - $0.5977
• Average price: $0.274 - $0.63

2025:

• Minimum price: $0.45 - $0.52
• Maximum price: $0.76 - $0.77
• Average price: $0.46 - $0.63

2026:

• Minimum price: $0.62 - $0.65
• Maximum price: $0.97 - $0.93
• Average price: $0.64 - $0.79

2027:

• Minimum price: $0.81 - $0.88
• Maximum price: $1.17 - $1.43
• Average price: $0.91 - $0.99

2028:

• Minimum price: $0.99 - $1.26
• Maximum price: $1.51 - $1.81
• Average price: $1.30 - $1.53

2029:

• Minimum price: $1.15 - $1.75
• Maximum price: $2.83 - $2.81
• Average price: $1.81 - $1.94

2030:

• Minimum price: $1.59 - $2.56
• Maximum price: $3.33 - $4.47
• Average price: $2.63 - $3.86

2031:

• Minimum price: $3.73
• Maximum price: $6.42
• Average price: $3.86

2032:

• Minimum price: $3.21 - $5.62
• Maximum price: $8.22
• Average price: $5.78

2035:

• Minimum price: $20
• Maximum price: $40
• Average price: $30

2040:

• Minimum price: $50
• Maximum price: $90
• Average price: $70

2050:

• Minimum price: $110
• Maximum price: $190
• Average price: $150

It's important to note that cryptocurrency prices are highly volatile and subject to various factors, so these predictions should not be considered financial advice.

How Ontology differs from other currencies

Ontology is a high-performing, open-source blockchain that specializes in decentralized identity and data. It was created to allow companies to use blockchain technology without needing to significantly modify their existing systems.

One of the most notable differences between Ontology and other cryptocurrencies is its unique consensus mechanism. Ontology uses a combination of three different models: Proof-of-Stake (PoS), Byzantine Fault Tolerant (BFT), and Verifiable Random Function (VRF), known as VBFT. This sets it apart from other blockchains like Bitcoin and Ethereum, which use the Proof-of-Work model. VBFT allows for cheaper and faster transactions, as it only requires 2/3 of the network's nodes to reach an agreement, compared to the 50% required in Proof-of-Work.

Another key difference is Ontology's focus on businesses, especially small-to-medium-sized businesses with limited blockchain expertise. It provides a simple entry point for businesses by offering a straightforward process for implementing blockchain technology. Ontology also allows businesses to create their own private blockchains while connecting to others on the Ontology network, enabling secure data exchange and maintaining data privacy.

Additionally, Ontology has a unique feature called ONTO Wallet, which gives users cross-chain access, placing Web3 within their reach. This, combined with ONT ID, gives users control over their ID and data, enhancing privacy and trust.

In terms of real-world usage, Ontology has limitless potential across various industry sectors. It offers businesses the flexibility to design blockchains based on their specific needs, including features like digital identity management and data-sharing protocols.

Lastly, Ontology's dual-token system sets it apart from other cryptocurrencies. The main coin, Ontology (ONT), is used for staking and governance, while the second token, Ontology Gas (ONG), is a utility token used for transaction fees, data storage, and smart contract execution.

Ontology's market cap and volume

Ontology has a total coin supply of 1,000,000,000 ONT, of which nearly 80% are currently in circulation. The live Ontology price today is $0.166361 USD, with a 24-hour trading volume of $4,838,462 USD. The current CoinMarketCap ranking is #254, with a live market cap of $151,005,272 USD.

The trading volume of Ontology (ONT) is $5,728,236.70 in the last 24 hours, representing a -20.90% decrease from the previous day and signalling a recent fall in market activity. The market capitalization of Ontology (ONT) is BTC2,582.3499 and is ranked #300 on CoinGecko. Market cap is measured by multiplying token price with the circulating supply of ONT tokens (910 million tokens are tradable on the market today).

The fully diluted valuation (FDV) of Ontology (ONT) is BTC2,844.9443. This is a statistical representation of the maximum market cap, assuming the maximum number of 1 billion ONT tokens are in circulation today. Depending on the emission schedule of ONT tokens, it might take multiple years before FDV is realized.

How Ontology's value will increase

I cannot search the internet, but I can provide some general information on how the value of Ontology may increase.

The value of Ontology, like any other cryptocurrency, is influenced by a variety of factors, including supply and demand, market sentiment, and the performance of the broader crypto market. Here are some reasons why Ontology's value may increase:

• Increased Adoption and Usage: One of the primary drivers of Ontology's value is its adoption and usage. As more individuals, businesses, and organisations utilise Ontology's blockchain solutions for identity verification, data exchange, and privacy protection, the demand for the ONT coin is likely to increase, driving up its value.
• Partnerships and Collaborations: Ontology's strategic partnerships are crucial to its success. As Ontology continues to forge new alliances, especially with well-known brands or industry leaders, the network's reach and credibility will expand, potentially attracting more users and investors to the ONT ecosystem.
• Technological Innovations: Ontology's commitment to improving its blockchain technology is key to its long-term success. Advancements in scalability, security, and interoperability could make Ontology a more attractive platform for developers and users, increasing the demand for ONT coins needed to access the network's services.
• Decentralised Finance and NFTs: Ontology's ability to capitalise on the growing trends of DeFi and NFTs could unlock new use cases. If Ontology integrates lending, borrowing, and staking functionalities, or facilitates the creation and trade of NFTs, it could tap into the rapidly growing markets, potentially increasing the utility and value of ONT.
• Regulatory Compliance and Security: Ontology's focus on compliance and security is a strong selling point. As blockchain moves towards mainstream adoption, projects that offer regulatory-compliant solutions will be favoured. Ontology's ability to address security and compliance concerns could make it a preferred enterprise blockchain solution, positively impacting the value of ONT.
• Market Sentiment and Investor Confidence: Positive news, successful project developments, and favourable endorsements can boost investor confidence. Increased buying pressure and positive market sentiment can lead to upward price momentum for Ontology.

It is important to remember that the cryptocurrency market is highly volatile, and the value of Ontology can fluctuate significantly. Investors should carefully consider their risk tolerance and conduct thorough research before investing in Ontology or any other cryptocurrency.

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