Ontology (ONT) is a crypto asset on the fast track. Its close relationship with NEO ensured faster acceptance on exchanges, starting with a big promotion on Binance. So it is no wonder the asset has picked up, and only weeks after the airdrop commands a price 10 times higher than the initial offers.
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ONT is up more than 90% just in the past week, climbing to $10.13, as the slow upward trend continues. The latest push upward for ONT is the addition to exchanges, the latest one being Upbit, as well as the smaller Koinex exchange.
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ONT has also partnered with the NAGA project, an up and coming ICO partnering with a fully legalized German financial firm. NAGA recently gained exposure by being added to Changelly. The project is also known to have Roger Ver as its advisor.
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ONT remains a long-term proposition, attempting to emulate the NEO and QTUM dual-asset model that pays out regular fees for staking and securing the network. However, until then, ONT is rising on speculation. But given the example of NEO and other projects, platform are still promising and the related digital assets may command a much higher price.
Ontology Outperforms the Market
At the moment, ONT is one of the best-performing assets for April, not counting accidental pumps. ONT has grown more than four times in price for the past four weeks, while Bitcoin added around 30% to its position from recent lows.
Predictions for the coin include a price of $50 when the project launches on its own blockchain. Some believe the ONT token had one of the best planned rollouts, so far without security or publicity glitches.
ONT also has a unique risk profile, in that nearly 90% of the coins are held by “whales”, hence the coin has a small free float and an easy way to appreciate. The airdropped amounts were relatively low, so selling for profit did not manage to tank the price. For now, it seems NEO is a strong partner to the Ontology project, and no dumping of coins by the team would be expected for a quick profit.
Some believe ONT prices are getting support with some upward price manipulation, explaining the smooth appreciation of ONT without deep corrections.
This article appeared first on Cryptovest
