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Ontology Price Analysis 2019-20-25 — How Much Will ONT Cost?

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Ontology Price Analysis 2019-20-25 — How Much Will ONT Cost?
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Contents

The world’s 17th largest cryptocurrency, Ontology is an innovative blockchain platform that has much potential to bring about. However, after 2018 bearish period, the cryptocurrency has lost about 95% of its value and isn’t developing well. The major price cut reduced its $10 price to $1.27 now, so traders are wondering whether it will ever reach the highest high again. This Ontology price prediction is here to help you understand whether ONT is a worthy investment, and what will happen to it in the long term.

What is Ontology (ONT)?

Ontology statistics as of 03/27/19
Ontology price and market cap according to CoinMarketCap

ONT is a blockchain structure for organizations that enables them to host information and applications inside their infrastructure and reap benefits from various advanced features. This blockchain environment is designed for coordinating each segment together with the governmental area. It leverages a new distributed ledger that allows combining data collaboration, decentralized groups, and protocols.

Ontology has a P2P network that supports work with various apps, gadgets, and chains. It is useful for scaling, safety, and interaction protocols.

While the essential services they offer is indistinguishable from what Ethereum provides, they additionally have very interesting perks. Organizations who partake in their environment access verification algorithms, credit scoring, and adaptable customization not accessible on Ethereum.

For financial specialists, our Ontology forecast reveals that there's still space to develop and grow. This crypto asset has encountered a quick drop, like all other cryptos in the market, however, it seems like it’s back on track.

Ontology infrastructure

Components of Ontology network
Ontology network is a complicated multi-layer structure


To understand the functionality of ONT better, let’s take a closer look at its components:

  • Common apps and different services for the Ontology ecosystem to work with public blockchains.

  • Frameworks used to help different sorts of organizations, the infrastructure of the blockchain is exceedingly modularized and adjustable.

  • Protocols: These algorithms are responsible for platform compatibility with various gadgets, frameworks, and blockchains.

The Ontology system is also comprised of:

  • ONT ID – a verification and identity proof module that permits validation of different assets and items.

  • Data system that deals with information on the blockchain. It handles activities like information management, transactions made over smart contracts, and so on.

  • Score system offers help for different organizations so as to create distinctive evaluation techniques. It’s possible thanks to credible data.

  • Decentralized system which gives the clients control over their data, personal account, and digital assets.

  • Search engine created for connection and authentication operations for items, people, and assets.

  • Decentralized information exchange system. It ensures financial protection and the possibility to adjust data trading infrastructure.

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Key advantages of Ontology

What makes Ontology an outstanding product? Consider these advantages:

  1. Gifted engineers: Ontology is created by a gathering of profoundly talented and smart programmers. They are exceptionally experienced.

  2. It’s properly financed: Established by a Chinese organization, it is financially supported by many other Chinese businesses, too.

  3. NEO Partnership: The help from NEO is one of the main reasons behind the current achievements of Ontology.

  4. Transaction Process: Though it is still being developed, Ontology has affirmed that it will introduce two token frameworks, ONT and ONG. The ONT token will offer access to consensus and administration while ONG will serve for execution of smart contracts. As the framework is acquired from NEO, its ides of transaction fees will be the equivalent for Ontology.

Ontology price forecast 2019

According to optimistic ONT price predictions, it could achieve the estimation of $1.30 as the beginning for 2019 with the capacity to draw near to the value of $4 before the year is over. Since its price is a bit lower than $1.30 still, this forecast might not actualize.

With current market trends, it seems like bear patterns won't permit ONT to ascent at the proposed pace. Rather, it is more possible that in 2019, the ONT price could reach the bottom of $0.35 while the highest for Ontology would be $2 before the finish of 2019. If no market manipulation is involved, an Ontology price of $3 could still be a possible situation.

Judging by technical analyses of ONT price, the cryptocurrency can reach only $2 by the end of 2019, which coincides with our opinion. Some websites provide pessimistic ONT price predictions, for example, according to TradingBeasts, it will be about $0.22 by the end of 2019.

ONT price prediction from digitalcoinprice.com
ONT price prediction from digitalcoinprice.com

Ontology price forecast 2020

Numerous experts reckon that the market will swing to progressively bullish patterns in 2020, which implies that ONT could see its growth before the finish of 2020, drawing near to its unequaled high, at any rate going towards the cost of $5 per one unit.

ONT price prediction from WalletInvestor
WalletInvestor ONT price predictions: most seem too good to be true

Ontology price forecast for 2025

In six years, the crypto money market will presumably be very, very different from what it’s like now, and Ontology won’t be an exception. Many traders and experts suggest that ONT will go past its unsurpassed high of $10 and even make its way to $30 or higher.

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What will drive Ontology growth?

With a market cap of $1 bln, Ontology has already achieved much, but it will continue evolving thanks to its technologies and current partners:

  1. Tembusu Partners – a developing private Singapore-based equity firm.

  2. Accomplice – an American-based capital firm. Ontology helps them boost their technical advances.

  3. Hashed – is a standout amongst the most well-established blockchain companies in South Korea. They support communities and help projects to develop.

  4. Onchain – an organization that puts its focus on blockchain development, research, and promotion.

Is Ontology a worthy investment?

The growing market cap of Ontology is a good answer to that question. Representing a 2nd generation blockchain, it has a lot of perks and incentives for investors, which, of course, attracts many of them.

What else makes its blockchain superb?

  1. Advanced Trust Mechanism: Ontology unites different trust components to develop a decentralized trust system. It is exceedingly adaptable and can be modularized to fit your requirements.

  2. Multi-source identification mechanism: This framework requires proof of identity from various sources like family, place of work/businesses, and banks. That allows for building a reliable trustworthy system. The current worldwide market needs such systems, which is why ONT has a competitive advantage over other blockchains and cryptocurrencies behind them.

  3. Partnerships: As we’ve mentioned organizations working with ONT are one of the main reasons why you ought to consider Ontology for investment. It's an indication of corporate adoption and strong backup, which increases value. Together, company partners develop a reliable and secure system for users.

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Risks for Ontology

The main threat to Ontology is market saturation. There are many smart contract blockchains with Ethereum, EOS and NEO in the head of the race. The chances for Ontology to disappear from the market are minor because such risks are typical for projects maintained by 1-2 people. It’s not our case.

Even though Ontology is not a Top-10 cryptocurrency, it stands out from altcoins offering smart contract blockchains. This cryptocurrency might be a good long-term investment, and you can expect about 100-200% profit if you make an investment now.

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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About the author

Crypto writer, blockchain geek & Bitcoin holder with a strong belief in the power of cryptocurrency. Veronika combines in-depth analytical approach with creative writing to deliver the texts that both inform and entertain. With hundreds of reviews, SEO articles and marketing texts under the belt, she has experience of working for blockchain Medium channels, Cryptodiffer site and ICOs. Part of U.Today team since 2018, she focuses on crypto price predictions and monitors the market to provide the most relevant info & opinions.

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    After Twitter’s chief announced his Bluesky project, Justin Sun had his account on Chinese Twitter closed – now CZ says Binance will help build Bluesky

CZ Binance offers to help Jack Dorsey with Bluesky, says it should be built ASAP
Cover image via www.forbes.com
Contents

As reported by U.Today, the head of Twitter is working on a new project for building a decentralized protocol that could be used by social media, which he intends to also use for Twitter – Bluesky.

They say that whatever happens, always happens on time – now the Chinese government shuts down Justin Sun’s account on the largest local social media Weibo (the Chinese Twitter) and the head of Binance encourages Dorsey to get on with Bluesky.

He says the community may need decentralized social media real soon. He also offers to help with that. The Weibo accounts of CZ and Binance are still active, unlike that of Justin Sun.

Jack Dorsey eager to decentralize Twitter

A day ago, U.Today wrote about a new ambitious project of the Jack Dorsey to make his company decentralized. In a series of tweets, among other reasons for that he cited a necessity to clamp down on fake news and misleading information that is often spread via his social media venue.

A top Twitter executive Parag Agrawal already is already hiring a team to work on the project.

CZ wants to see Bluesky up and running

The chief of Binance known as CZ is up for this project to be implemented, especially after the recent news of Justin Sun’s account of Weibo shut down. The latter is the result of the recent public statement made by Xi Jinping about embracing blockchain but not crypto.

Now, CZ urges Jack Dorsey to get on with the development and offers him a hand.

Tron CEO invites his Chinese fans to follow him on Twitter

After getting his Weibo account shut down, Justin Sun posted a tweet, inviting Chinese-speaking Tron users to follow him on Twitter instead of Weibo.

Sun explains that English is the main language of this social network, however, they can use the local embedded translation service to understand what everyone writes about.

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Bluesky under fire of criticism

Some, however, are unhappy with Jorsey’s initiative to decentralize Twitter for fear it will get even more centralized. One of them is the founder of Atlantic Financial and Chainstone Labs, Bruce Fenton.

Taking into account the goal of Dorsey to get rid of fake news and misleading info, Fenton's concern about people getting banned on Twitter and this platform being quite biased already, may seem justified.

Subscribe to U.Today on Twitter and get involved in all top daily crypto news, stories and price predictions!

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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