Ontology is a distributed blockchain network that includes:
- identification system,
- data processing,
- community creation,
- development of protocols for decentralized operations.
Thus, the network is a trusted infrastructure that connects devices, applications, and other functional elements – even government departments are planned to be connected to it. Hereby the Ontology price now is a good starting point for investments.
Actual Ontology crypto price
The start of 2021 has been quite positive for the Ontology live price chart, as it saw a whopping rise from $0.4 to $2.69 by May 2021. The Ontology token price increased by over 500%. Investors and traders began to take profits, which led to a sudden drop in the Ontology coin price chart. From $2.69, the ONT USD price dropped to $0.58 in less than 2 months. The price has almost returned to the level from which the bullish trend began.
Since then, the Ontology crypto price has been trading sideways with small price ups and downs. The coin is currently trading at $0.25 with a 24-hour trading volume of $19,075,427.
The entire crypto market is stagnating, and the same is observed for the Ontology price charts in the form of a slight increase in value. From the current ONT to USD price level, there is significant resistance at $1.04 and significant support at $0.43. The Ontology price now is maintaining this support level since 2021, which is a positive signal for investors.
Ontology price prediction 2022
Surprisingly, the beginning of 2022 was quite profitable and the current price also started to recover. The current ONT to USD price is trading around $0.69 and according to the Ontology coin news, the cost is expected to rise in the future. By December 2022, the Ontology live price chart could reflect positive trends strongly in terms of price and could reach a high of $1.08.
Long-term or speculative deal?
As more and more investors see the Ontology token price as a low one, this can only increase the ONT USD value exponentially and integrate its blockchain into many applications. Many Ontology price prediction companies say that mainstream adoption will drive up the price. In the long run, the Ontology coin price chart could be traded between $0.98 and $1.28 by the end of 2023.
Positive Ontology coin news
What impacts the Ontology price charts even better is that the platform offers many templates and tools that organizations can take and customize to suit their business needs. In fact, Ontology can be called a gateway for the widespread implementation of Blockchain technology in the corporate sector. Also you can see Safemoon and Horizen crypto news.
In addition, to facilitate the identification and improve proof of ownership, Ontology seeks to use cryptography techniques in conjunction with distributed ledgers. The team hopes to contribute to solving the fundamental problems of identification systems, which for the most part use outdated technologies.