- ONT oscillates over 24hrs between $0.24 and $0.34, as per CMC analysis.
- ONT’s EVM might enhance Web3 development sooner or later.
According to CoinMarketCap, the market price of ONT ranges at $0.3293 with an increase of 26.66% – ranking in the 128th position. The highest and the lowest prices of ONT over the last 24 hrs range to $0.2414 and $0.3498 respectively.
A Glimpse of ONT’s Overall
Ontology, a public blockchain of high-speed performance with unique infrastructure that supports Layer-2 scalability having a cross-chain collaboration – was developed in the year 2017. Li Jun is the founder and CEO of Ontology whereas Dr. Kendall Mao is the chief scientist.
The main focus of Ontology lies on the security and transparency of any user or business. It also helps business to create their own blockchain that is flexible and suitable for their needs and compliance.
The dual-token functionality includes an Ontology (ONT) token, to store and transfer values in the network, and an Ontology Gas (ONG) token, to transact and pay on the network. ONG exchange corresponds to the stabilized network of ONT tokens to be staked.
Recently, ONT came up with Goshen Network, just 15 days ago. Again, this seems to be a better solution for the development of Web3 with a collaboration of Ontology and Ethereum (ETH) ecosystem together. Furthermore, it enhances high-level security enabled through slow transactions of ETH over the Goshen Network through Ontology’s Ethereum Virtual Machine (EVM).
The recent update might support the value of ONT to peak over $0.5 hopefully yet the current trading volume in the last 24hrs values to $701,433,180 with 875,249,524 ONT in circulation. The price change of ONT over 24hrs ranges to +$0.06705. This price surge over a month to $0.3293 creates a positive impact on the crypto market.
Recommended For You:
