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Taking into account the prospects for digital coins, despite the long-term market correction and the constant complication of most networks, the number of people willing to invest in such assets is steadily increasing.
Today, we are talking about the Ontology cryptocurrency (ONT), forecasts regarding the development of which make it attractive for potential investors.
The Chinese company Onchain is known for its connection with the cryptocurrency NEO. But in 2017, it gathered the best experts in the blockchain field to launch its project - Ontology and coin - ONT.
The main goal of Ontology developers is to create a network that will unite the blockchain and the real economy. Unlike other projects of this kind, Ontology emphasizes digital identification and trust management.
Ontology is a multi-level network focused primarily on large business:
Ontology blockchain connects with other blockchains. Companies will be able to run applications on different chains, merge them and manage them through the Ontology network. At the moment, the network is compatible with the NEO virtual machine;
ready-made protocols operate. Using them, any company (even with no experience in the blockchain industry) will be able to create its own decentralized application;
companies can create any applications on the selected virtual machine and even customize their own protocols.
The average level is of great interest among users for which ready-made modules have already been developed.
For example, Ontology Common (digital user identification), Ontology Custom (building business models on the blockchain), Ontology ID (digital verification for organizing the “Internet of things”) and so on. According to experts, the modules are very simple and resemble a designer, from which you can assemble anything.
In fact, Ontology is a global blockchain in which you can use, merge and create other blockchains, and it uses internal ONT tokens for operations. Now investors are actively interested in them.
In early March 2018, when the Ontology cryptocurrency just appeared on the crypto exchanges, the price of the coin was $1.4. In the middle of the month, it appeared in the listing of the Binance exchange, and the cost immediately crossed the $2 mark, and the market capitalization gained $300 million. In April, the ONT rate rose to $4, and by the end of the month doubled.
The sharp growth of Ontology (ONT) was associated with the appearance of a coin on the top exchanges.
Now ONT correction continues amid market uncertainty. At the time of the writing, the cost of 1 ONT is $1.11, and the market capitalization makes up $549 million.
Ontology (ONT) closes the TOP-20 of the world ranking CoinMarketCap.
In terms of the fundamental point of view, Paxos, the developer of stablecoin PAX tied to the US dollar, announced its decision to entrust the $100 million issue of coins to the Ontology blockchain. This number is comparable to the current size of Paxos Standard Token released on the Ethereum platform for $130 million. It means that Ontology is going to grab the share of the stablecoins market.
ONT is young and already promising electronic currency. It is intended for the development of business projects, namely for the integration of digital technologies in real business. In the future, Ontology is about to provide decentralized data warehouses for state organizations, banks, and firms. In general, this is quite a promising project for development, the news about which should be kept in sight.
When investing in any crypto, there is always a question where to keep coins, which wallet to use. Atomic Wallet is a non-custodial wallet, which has already gained popularity among users. With such a solution you can be sure of the security of your ONT coins, as only you have access to your private keys, they are not stored on the wallet’s servers.