Ontology (ONT) will have added Tether (USDT) liquidity, marking the continuing outflow of the fixed-price token from Bitcoin and into altcoins and tokens. Binance has accelerated USDT pairings for some of the hottest new digital assets, giving them a potential price boost.
ONT is at $8.39, rising by more than 18.5% in the past week, as the asset has established itself and awaits its mainnet launch. The drop in prices below $10 is deceptive, and is mostly due to the lowered BTC prices. Binance has revealed that holding tokens on the exchange will grant users the new balances automatically.
https://twitter.com/binance/status/1004976972546564097
ONT volumes have been picking up, and the asset has been on a non-stop climb against Bitcoin, remaining well over 111,000 Satoshi. ONT is seeing as appreciating further once it becomes a full-fledged platform with staking and a reward model. The trading against Tether (USDT) may affect the price in dollar denomination, and lead to another break above $10.
!ONT!
The mainnet launch is set for June 30, a perfect bullish factor to extend the rising trend for ONT. This asset is one of the many where Bitcoin funds are flowing in, as it represents something of a safe haven and an opportunity for growth in the times of stagnating Bitcoin prices.
Ontology is also seen as one of the most promising Chinese projects, and its mainnet launch is expected along with the token swap of TRON (TRX) and VeChain (VEN). The expectations around ONT helped it survive and thrive, becoming one of the best performers in a bear market. Ontology is seen as a promising blockchain solution for enterprises.
The predictions for ONT right after the mainnet launch alter between a landslide to $5, or a spike to above $25 toward the end of the year, if the platform takes off.
This article appeared first on Cryptovest
