By Adeline Gibbs (Italy)
The coin is consolidating above the resistance level of $0.72 with a slight recovery. A big price rally is expected from the token. According to some crypto experts, the altcoin wave is coming and is going to affect the bitcoin dominance.
Price of Ontology
The price value of ONT is standing at $0.76 at the time of writing with a negligible change in 24-hours.
Statistics
Market Capitalization: $394,368,054 USD
24-hours Volume: $64,676,019 USD
Circulating Supply: 533,351,967 ONT
Total Supply: 1,000,000,000 ONT
Year-to-date Performance of ONT
The token has faced many ups and downs in its price value since the inception of 2019 but it remained stable after so many shocks. It was hooking around 0.60 in the first two months named as January and February. It achieved a landmark of $1 on the 5th of March and finally, it attained the highest value of year-to-date on 26th June that is $1.79.
Price Prediction of Ontology
The coin has displayed a good recovery in the short period chart but its upward movement is the indication of a profitable prospect. The value was clinging at $0.780 but it failed to sustain its position. It dropped to $0.69 and there it faced a support level that bounced to cover a slight price rally and then support at $0.72 fueled it more and it is finally reached the current mark of $0.76.
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Ontology News and Events
Ontology has made a strategic partnership with Vid, a popular social platform. According to Li Jun, the founder of Ontology:
Ontology is devoted to providing the infrastructure to help companies in different sectors adopt the blockchain technology easily and efficiently. Vid’s vision, which is giving the ultimate control of data back to its users, fits well with ONT ID, our decentralized identity. With its popular video application and big user base, Vid can also help us reach more users.
The event entitled “Unblock Tokyo” is going to take place in Tokyo on 5th October where the founders and co-founders of prominent digital assets have a plan to gather. Andy, the co-founder of Ontology will be there too.
Conclusion
According to our technical analysis, the unnatural movement is expected and the trend line may reach up to $0.80. However, the coin has not exposed a satisfactory move from the past one month.
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