The crypto market has seen some developments in the past few days (a week or so), and after a closer look, it is clear that ONT Ontology (ONT) wasn’t left behind either. In fact, it has hit $4.259. In terms of the supply levels, it is at 241,236,451 having a market cap of $1,027,459,818.
Subsequently, the currency clocks a volume of 36,655,600. When the examination goes a bit to the history of Ontology (ONT), its price over the last 24 hours has moved +4%, and over a week the change is recorded at -0.60%.
Nevertheless, the bearish bloodbath of 2018 has taken a heavy toll on many tokens’ market cap, but somewhat defiant Ontology (ONT) project, which is a dispersed trust collaboration platform, has managed to bucked the trend. In fact, ONT token stayed as a lesser-known coin before its 91% hike in the last couple of weeks that enabled it to sprung up to 23rd position on coinmarketcap.
Despite being premiered only in early March, Ontology stands with $1 billion market cap already – that, for sure, is something to admire about the coin and apparently hints towards a bright future of this crypto.
Generally, when it comes to the whole discussion on the functionality of cryptocurrency, several advantages are involved. First, the payments between individuals have been made easy and fast-without an intermediary. Secondly, with the cryptocurrency, there are reduced or utterly non-existing transaction fees that most processing institutions and banks charge.
Indeed, the cryptocurrency charges low transactions fees or simply eliminates the transaction fee. Another advantage is based on the security of the transactions. The cryptocurrency offers secured transactions whereby the owner of the wallet can only receive or send payments with it, and anonymously.
It is quite clear that the rise of Bitcoin, as well as the other cryptocurrencies, has led to some kind of disorder among investors, institutions, and financial firms. The basics are not easy to understand when in this blockchain technology especially for an average investor as if not much familiar with the topics then it may be hard to understand the language used. The blockchain technology is a distributed ledger, which is decentralized and makes a record of all the transactions that can’t be modified.
The challenge now is that investors are wondering whether to incorporate the cryptocurrency into their portfolio. Currently, it is hard to put a marker on the discussion as it is always good to proceed with caution (we are talking about your money here).
An investor needs time to work first to know exactly how the digital currency works and if there are possibilities of growth in the future. Many investors get tempted easily due to lack of proper education into the crypto trades that are not what they seem.
All that said, coming back to the point, married to its big brother NEO’s success, Ontology (ONT) has clearly started to turn heads market-wide. And, you must not miss out on this emerging cryptocurrency – it is well worth of keeping an eye! You might also want to bet on it, but of course, at your very own risk.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
Image courtesy of Carl Jones via Flickr
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