Ontology is a high performance public blockchain that includes distributed ledger and smart contract systems. ONT coin in the native cryptocurrency of this distributed collaboration platform. Ontology enables a decentralized network environment that solves key issues of identity security and data integrity. Data sharing and productive collaboration is maximized by assuring that users can trust one another. An open platform is suitable for implementation in many industries because it allows companies to create a user-friendly environment for their businesses.
What Is Ontology?
ONT was created in 2017 in China. The main function of the ONT framework is enabling businesses to utilize both the private and public blockchain (it does not operate as a single blockchain). ONT coin aims to bridge the digital and the real world in an economy that builds trust. Basically, Ontology has brought about the combination of the real economy and blockchain by harnessing trust management and digital identities.
During the Ontology Airdrop 2019, ONT airdropped its coins to a wide number of people for free, mostly to NEO coin holders. The price of ONT has increased roughly 3.7% in the last 24 hours, indicating an upward trajectory.
What does Ontology plan for 2020?
Ontology is a well-performing cryptocurrency on a crypto market by a host of metrics. It has numerous partnerships and is integrated with many other projects. Over the course of 2020, Ontology has been associated with a variety of big names in the crypto space. ONT also has plans to expand the functionality of its platform. In sum, 2020 is ONT’s year, and there is no time like the present to get into the market.
In terms of the next steps, ONT plans to launch the PAX stablecoin on its blockchain, with the goal of accelerating real-time business applications on Ontology. This will provide a dependable gateway to the digital asset space for investors and partners.
Ontology Price Prediction 2020
Let’s take a look at what different platforms say about the expected dynamics of ONT price during the year 2020. One of the most recognized services DigitalCoinPrice claims the price of ONT may rise to $1.08 later this year. TradingBeasts is also positive and believes that Ontology can grow up to $0.73 in price in 2020. CryptoRating expects ONT price to reach $0.74 in 1 year.
ONT Long Term Price Prediction
Long term Ontology price predictions are very moderate. DigitalCoinPrice expects the price of Ontology to reach $1.55 by 2023 and not more than $1.36 by 2025. TradingBeasts is even less optimistic with the price prediction of $1.00 by 2023. CryptoRating suggests that the price of ONT will reach $2.10 by 2023 and $3.94 by 2025.
ONT-BTC Price Correlation
One of the major factors that affects Ontology current price is the price of Bitcoin. The correlation coefficient between the two coins is +0.90, as calculated within one hundred days of the price movement of both assets. A coefficient above zero indicates a positive correlation, a coefficient of zero indicates no association whatsoever, and a coefficient below zero indicates an inverse correlation. In other words, if the prices move in the same direction, their correlation coefficient is positive.
Because the correlation coefficient between ONT and BTC is currently positive, as the price of BTC rises, the price of ONT will rise as well. However, if the coefficient were to become negative, as it has been in the past, the price of XTZ would decrease as the price of BTC increased (and vice versa). The relationship between ONT and BTC indicates that ONT is here to stay.
Where to Buy ONT?
On today’s market, there are many exchanges where you can purchase ONT as the coin is quite popular. Binance, Bittrex, and other exchanges are available to buy or sell XTZ. However, we recommend you using ChangeNOW as we offer a very simple, secure, and user-friendly service.
As a non-custodial service, we do not store any of your funds -so you have full control over your assets. Also, ChangeNOW does not require any form of account creation, which is crucial to ensure your security and anonymity. Since there is no personal information stored on the platform, data leaks of this kind are simply impossible.
A major advantage of ChangeNOW is that an average exchange takes you no more than 5 minutes. Special algorithms pick the best rate available on the market at the time of the exchange, so you don’t have to worry you have missed an opportunity to exchange ONT with better rates.
ChangeNOW Buying Guide for ONT
Buy ONT on ChangeNOW in 4 simple steps:
Step 1. From the homepage, choose a currency and enter the purchase amount, your ONT coins will be automatically calculated. Press on the Buy button.
Step 2. Enter the address where you would like to receive your ONT coins. In case you don’t have a crypto wallet yet, create one with one of the parter services of ChangeNOW.
Step 3. Double-check your information, then click Confirm.
Step 4. Complete the purchasing process, and you will receive your coins in a few minutes.
Buy Ontology with Credit or Debit Card
You can always buy Ontology with your Visa or MasterCard on ChangeNOW. This option is provided by our partner fiat provider, Simplex. Buying ONT with fiat will require you a quick registration. The exchange will be performed rapidly and securely. Buying Ontology with any other cryptocurrency is always registration-free on ChangeNOW.
It is only your own decision and responsibility whether to invest in ONT. We hope that this articles has helped you to make an informed decision. Please remember that there are a few simple steps to follow to start trading Ontology — with ChangeNOW, it’s very fast and secure.
We always recommend you to do your own research before investing in any cryptocurrency. The market is quite a volatile and risky place — so please remember about wise investment rules that will allow you to save and multiply your funds.