Ontology Price

Read everything about the Ontology Price.

Follow the Ontology price in euro

In the above widget, you can see the overall performance of the Ontology price in an interactive price chart. The chart is set to show you the current Ontology price over the past 24 hours. You can see the current Ontology price in the top left corner of the chart. Like other cryptocurrencies, Ontology is also traded all the day and never stops.

Unlike the traditional stock markets which don’t trade on the weekend and are only active during the weekdays in fixed business hours. Cryptocurrencies are open throughout 24/7, even over the night and weekend time.

Moreover, you can also see the performance of ONT price in the chart for the last 7 days (7D), 30 days (30D), since the start of this year (YTD) and since its first listing (displayed as ALL). The above chart also provides the current exchange rate of Ontology in the euros including all trading fees, which can be seen at the bottom of the chart.

ONT price in euros and dollars

In the below chart, you can see the more information about the ONT performance during the last 24 hours, over the last week and even for the last month. Further, you can also see the current market capitalization and highest and lowest price for the past 24 hours.

You can switch between euro and US Dollar by clicking on EUR and USD.

Disclaimer: The above given ONT price can vary by a few dollars and euros, because the data is supplied by two different companies.

The history of Ontology’s price

Ontology was launched in 2017 by a Chinese company. It was created to support businesses in adopting blockchain technology. The Ontology cryptocurrency was first listed on the markets in March 2018, at the price of $1.40. When it appeared on the Binance exchange listing in the same month, the Ontology price sharply jumped over $2. In May, 2018, the Ontology value reached an all-time-high of $10. After that, it started to fall back steadily. In December the Ontology coin saw its all-time low over the year.

In 2019, the ONT price has seen many ups and downs throughout the year. In June, there was a small spike, but most of the time the Ontology price went down. In the start of 2020, an increase of the Ontology value was observed, but in March the price went down to $0.23237.

However, since its launch, it has achieved a good image by partnering with many potential firms. In 2018, the Ontology MainNet was officially launched in June. The Ontology coin joined hands with Sequoia China, Matrix Partners China and Zhen Fund in the same year.

In 2019, Ontology announced partnership with NEO. Both blockchain companies intended to shape an open cross-chain interoperability, which will handle both companies’ strengths. In April, Ontology planned to launch a version of Regulated USD-backed Stablecoin Paxos Standard on its blockchain. After that ONT become partnered with Chainlink, Parity Games and MovieBloc. Ontology appeals not only to regular customers but other crypto enterprises also.

In May 2020, Ontology project announced that they have teamed up with social creator forum OGQ to copyright 250 million pieces of digital content on its blockchain. In the same month, both Ontology and Spherity became partners to upgrade the digital identity solutions. Recently, Ontology and Bitcoin Suisse are working together in an effort to grow their respective ecosystems in Asia and Europe.

Ontology project has been slowly getting the rankings on the CoinMarketCap. The project has a solid development team, who work hard under the supervision of Li Jun, the founder of the Ontology coin. They face every challenge and try to increase the trust by the use of blockchain-based IDs.

Moreover, the ONT coin has ranked among the best 30 cryptocurrencies, which can be a good sign for further development. It is promising to see that Ontology will continue to grow and will take over the blockchain demand of the business world.

Ontology historical prices

The below chart shows the historical price of ONT over the last week.

How is the Ontology price established?

The ONT price is following the same criteria which applies on the stock exchange. So the Ontology price determination depends on the balance between supply and demand. The market buyers and sellers set the current price by bidding on each other. If there are more buyers than sellers, the price will increase. Otherwise, if the number of sellers is greater than the buyer, the ONT price will decrease.

In the crypto market, everyday news can determine the current price. So news of the day can affect the price in negative or in a positive way. If the price increases quickly, then people react to it out of Fear Of Missing Out (FOMO) and if the price goes down then people can respond in the opposite way. Moreover, social media can also influence the price.

Ontology price prediction

We cannot predict which cryptocurrency will survive and which will not, in the near future. It is a fact that a lot of coins will not survive more than 5 years.

The Ontology price shows high volatility, so it is not easy to predict the future ONT price. A big development for the Ontology value is the integration of ONT with NEO, which will play an important role in its adoption rate. Moreover, the team of Ontology under the guidance of Li Jun, is coming up with more partnerships and new policies to ensure the positive future of the ONT price in the market.

What do you need to take into account with the Ontology price?

The Ontology price is volatile and it can change very quickly, so it is not a good thing for classical traders who are used to traditional stock. In past trends, you can see the rapid rise and fall in price. This can happen because one leading investor can influence the Ontology value with just a single order. Make sure you should not invest more money than you are willing to lose.

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