Guest Author – Mil
Despite the recent multiple market corrections, Ontology seems to defy the downward market trend reaching the $1 billion market capitalization last April 10, 2018.
This week, Ontology hit the market and has turned into one of the highly powerful assets, due to its newness and uniqueness. Mainly using the NEO blockchain, ONT is currently a hot potato among cryptocurrency traders.
In just the past week, ONT almost doubled in price from $2.2 on April 5 to $4.3 as of press time. This is mainly because of money coming from the Asian markets this week.
Speed bumps for Ontology
Though Ontology sets high expectations, there are still various limitations. Currently, the ONT airdrop is incomplete. Also, the initiation of the main net is yet to see the supply two-fold as users receive their profits. These pending initiatives may still be under development, but are mere speed bumps to Ontology’s market climb.
Potentials for Ontology
Creating a compound chain network ecosystem full of factors, identities, and cross chain mechanisms are just some of the goals that Ontology aims for. After the official launch, new contracts are already in the pipeline, which promises more corporate partnerships and real world applications.
ONT is still looking forward for further appreciation in the coming weeks and months. The offered benefits, innovations, partnerships, and trading volume show a promising trend of increase every single day. As of now, everything looks good for Ontology, especially because it is still to have its main net launch in Q2 2018, which could possibly deluge the market with new coins.
Caution for Traders
Expectations are high for Ontology, and the potentials are promising. Despite this, warnings have appeared about the rapid rise of ONT. Beginners are even advised not to go in at current market prices because each spike may build into torrents that may diminish the profits.
The next weeks and months will be very interesting for Ontology. If you are looking to get in to trading this token, make sure to do diligent research and watch out for the big events coming soon.