Ontology Price Prediction: ONT Coin Forecast

August 13, 2020

Price Prediction

Sean Korbett

What Is Ontology (ONT)?

Ontology is a high-performance public blockchain and distributed collaboration platform specializing in digital identity and data. The project was developed by Chinese company Ontology and launched in 2017. Ontology’s main goal is to remove barriers between blockchain technology and business. 

Ontology is a multi-level network that allows participants to interact with each other. The Ontology Network blockchain is connected with other blockchain platforms for example with NEO and Ethereum. This allows companies to trade and store digital assets while interacting with the decentralized applications of other projects.

ONT is a digital token that is used inside the Ontology ecosystem. Nowadays Ontology is one of the TOP-30 cryptocurrencies by market capitalization.

Ontology Statistics

Source: CoinMarketCap, Data was taken on 18 August 2020.

Ontology achievements and future plans

In 2019 the project has the following main updates and news: 

• Ontology MainNet and Ontology Neptune were released.

• Users got the possibility to develop Ontology smart contracts on Google Cloud, AWZ and Azure.

• Ontology’s Team announced partnership with MovieBloc, TECHFUND, Shanghai Qingyue, Jeemaa.com, gumi Cryptos Inc., Hexlant, Chainlink and many other companies.

• Ontology MainNet and TestNet Blockchain Explorer were updated to new versions.

• Ontology Sharding TestNet was released.

• New versions of Ontology wallets ONTO wallet and OWallet, and Ontology smart contract tool SmartX were presented.

• Ontology’s official website was upgraded.

• Ontology’s Team announced the launch of Paxos Standard (PAX), a regulated USD stablecoin, on the Ontology blockchain.

• Ontology released Multichain Design to Rival that of Cosmos, Polkadot, and Plasma.

• Ontology’s Global University Workshop was launched.

• Ontology Global Talent Program was launched.

• Ontology hosted Blockchain Game Developer Event in Seoul and took part in many crypto-related events.  

What to expect in the future?

In 2020 the Ontology’s Team will continue to complete the implementation of Ontology sharding technology to accomplish large-scale commercial deployment of the chain network.  The main focus also will be on cross-chains, virtual machines, layer 2, oracles, ONT ID and ONTO wallet.

Ontology Technical Analysis

Source: Tradingview, Data was taken on 18 August 2020.

Ontology Price Prediction 2020

TradingBeasts ONT price prediction

In September 2020 Ontology may reach a maximum price of $1.3492333 (+50.99%), while it’s the average price will be around $1.0793867 per coin (+20.79%).  According to TradingBeasts forecasts by the end of 2020, the average ONT price will be $1.0509212 (+17.61%).

Wallet investor Ontology coin price prediction

Wallet investor.com thinks that ONT crypto coin is a bad high-risk investment option. The coin price may drop to $0.263 by the end of December 2020 (-70.57%).

Crypto-Rating ONT coin price prediction

Crypto-Rating thinks that Otology’s price may improve during 2020.

DigitalCoinPrice ONT crypto price prediction

According to DigitalCoinPrice Ontology price will increase in the near future and it is a profitable investment. By the end of the year 2020, the average price will be $1.74 per coin (+94.72%).

CryptoInfoBase Ontology crypto price prediction

Based on CryptoInfoBase opinion Ontology’s price improvements scenario will depend on success in expanding the functionality of the platform and its novelties. If the market recovers, Ontology may reach $9 per coin (+907.17%). 

Buy Ontology at StealthEX

Ontology ONT is available for exchange on StealthEX with a low fee. Follow these easy steps:

✔ Choose the pair and the amount for your exchange. For example BTC to ONT.

✔ Press the “Start exchange” button.

✔ Provide the recipient address to which the coins will be transferred.

✔ Move your cryptocurrency for the exchange.

✔ Receive your coins.

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The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk. You should conduct your own research when making a decision.

August 18, 2020