The Crypto market seems to be bullish for the last few months. Cryptocurrencies were designed as a way to make payments without depending on the traditional mode of payments. Most of the cryptocurrency’s prices are moving upwards. Similarly, Ontology Gas (ONG) skyrockets over 41% in a day.
Ontology Gas (ONG) is the utility token on the Ontology network. ONG, utilized for on-chain services such as doing transactions or paying for the deployment of smart contracts. ONG is one of 2 digital assets that power the Ontology blockchain, a business-focused, high-performance blockchain. Ontology adopts a dual-token model with both ONT and ONG as utility tokens.
Ontology operation is assured by the support of all nodes. It secures and protects the whole network by paying operation fees to all nodes with ONG. ONG launched to Ontology (ONT) holders based on holding ratios to incentivize ONT staking
Current Market Status
According to Coinmarketcap, the trading price of Ontology Gas (ONG) is $1.34, at the time of writing. The trading volume of $1,123,561,407 for the past 24hours and ONG has surged to 41.87% within a day.
The above price chart shows the bullish trend of ONG for the last 24 hours. ONG has skyrocketed over 41% and they are also more likely to reach more heights. Henceforth, Ontology Gas can trade in cryptocurrency exchanges such as Binance, Upbit, HitBTC, Gate.io, and BKEX.
Additionally, the price of ONG has surged over 50% in the last 7 days. The 30 days statistics show that the price has spiked over 96%. Accordingly, ONG has been displaying a bullish pattern for over a month and it has a good and strong ability to continue this trend.
According to the recent updates, the reason for the surge of Ontology Gas might be the personal and own interest opinion of every investor. More so, with the ongoing developments in the network, users can expect more skyrockets in price.
Disclaimer: The opinion expressed in this article solely author’s. It is not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.