Ontology Price on the Rise: What’s Behind the ONT Crypto Surge?

• 1 The ONT token price is up 1.35% in the past 24 hours and was trading at $0.237 at press time.
• 2 The technical indicators show a bullish crossover of the key EMAs indicating strength.

Ontology is a public blockchain platform focused on decentralized identity and data solutions for Web3. It enables businesses and users to create their own blockchains on the top of ontology, using three virtual machines. It supports cross chain interoperability.

ONT also provides tools such as ONTO Wallet, ONT ID, and ONT Login to improve user experience and web3 security. Ontology has a total supply of 1 Billion ONT tokens, distributed to its team, Partners, community and ecosystem.

It is compatible with Ethereum through its EVM integration. It aims to increase privacy, transparency and trust in the blockchain world.

Ontology price technical analysis witnessed the price taking rebound after testing the 50-day EMA. The price has recovered over 50% of the drawdown that the bears have initiated from a round level of $0.25.

Furthermore, the bulls have successfully defended the $0.2 level as the price bounced back after reaching the level. The technical indicators are leaving a positive note for the price trend in the short term.

The volume analysis shows that the trading volume increased by 10.99% and reached $13.048 Million in the past 24 hours. The ONT crypto ranks 295th among the top cryptos with a live market cap of $207.478 Million. The volume-to-market cap ratio is 6.40% indicating low volatility.

Ontology Price Prediction 2023

Source: ONT/USDT by TradingView

The price prediction of ONT crypto showcases a neutral to bullish outlook in the short term. The most optimistic estimate of the analysts expects the price to reach a high of $0.270, indicating an upside potential of over 14.18%. The pessimistic outlook of the analysts hopes the price may drop to $0.2120.

Ontology Price Prediction 2024

As per the analysts, the most optimistic target that the Ontology crypto price may achieve is $0.4959; indicating an upside potential of 108.02% from the CMP. The minimum analyst price target is $0.3134 by the end of 2024.

Ontology Price Prediction 2025

Over the next three years, the optimistic view of analysts expects that the ONT price may reach a high of $0.762 The price may reach $0.659 according to the average forecast of analysts. The minimum forecasted price by the end of 2025 is $0.493.

Ontology Price Prediction 2026

The Ontology cryptocurrency price may reach a high of $0.984 if an optimistic trend prevails in the crypto market. On the flip side, the pessimistic view of the analysts expects the price to reach $0.711 by 2026.

Ontology Price Prediction 2027

According to the analysts’ price prediction for the year 2027, the most optimistic view of analysts for Ontology crypto estimates a price target of $1.433. The minimum price target that ONT may achieve by 2027 is $1.080.

Ontology Price Prediction 2028

The analysts are optimistic about Ontology cryptocurrency (ONT) and predict that the price could go up to $2.128 in the next five years. However, the pessimistic analysts expect the price to reach a high of $1.596.

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.

Amanda Shinoy

Amanda Shinoy is one of the few women in the space invested knee-deep in crypto. An advocate for increasing the presence of women in crypto, she is known for her accurate technical analysis and price prediction of cryptocurrencies. Readers are often waiting for her opinion about the next rally. She is a finance expert with an MBA in finance. Quitting a corporate job at a leading financial institution, she now engages herself full-time into financial education for the general public.

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