Ontology (ONT) Analysis

Market Cap

$406,865,815 USD

Volume (24h)

$117,620,487 USD

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4.1

SAFETY

Ranking factors:

Markets

How many exchanges are there to trade this coin?

Ontology Markets Rank: 15/100
Volume Ratio

How actively is this asset being traded on the market?

Ontology Volume Ratio Rank: 29/100
Market Cap

The total cost of all coins available.

Ontology Market Cap Rank: 99/100
24h Change

Is the price moving up or down?

Ontology 24h Change Rank: 52/100
Social Following

How many users are following this coin?

Ontology Social Following Rank: 96/100
Google Trends

How many users are searching for the coin?

Ontology Google Trends Rank: 15/100
Twitter Citation

How many users are talking about this coin in Twitter?

Ontology Twitter Citation Rank: 30/100
User Voting

How popular is this coin among Cointobuy community?

Ontology User Voting Rank: 57/100

Ontology investment analysis

Ontology is a public blockchain startup whose main feature is maintaining trust. Trust established between businesses and the people or projects they are involved with. The blockchain brings forth a new era of identity verification, and ONT plans to capitalize on it in several ways. Their network offers support to private chains for businesses or services that may require smart contracts and identity verification for either products or people.

With millions of scams and fraudulent accounts popping up everywhere an Ontology investment is counting on the future need to verify the legitimacy of people, assets, and organizations using the blockchain. In addition, their whitepaper allows for credit validation on the chain. This could potentially be the future of identification and business credit on the blockchain.

How to buy?

$0.583953

+84.8%

$1.08

148/2547

by Safety

1304/2547

by Profit

How to buy Ontology?

This token is distributed by a Chinese corporation, and as such acquiring, it might require joining some exchanges you might not be accustom to. While they do have some exposure on more typical exchanges the volume could be lower, so make sure to check the price to be sure you're getting a good deal when you buy Ontology at whichever exchange you've chosen.

This is a token built on top of Neo, and so you'll need a NEO wallet to safely store your cryptocurrency. It's not advisable to leave coins on an exchange so please download an appropriate wallet and use a strong password. If you've invested in multiple Neo token projects you can store them in the same wallet. You can use Neon wallet for this, and it also has hardware wallet compatible with Ledger should you wish to upgrade your security farther.

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This token has an interesting tech, but it also has many, many competitors inside the space of smart contracts and identity verification. Competition is not always a bad thing though as it often shows that there is a real need for the technology in question.

Though they definitely have a serious boost considering the parent company of this currency OnChain was selected to be part of the Microsoft Accelerator. This means that Microsoft will dedicate financial resources, marketing tools, and strategy development plans to help expand the project. It's hard to get a better endorsement than that, and it certainly gives them a big advantage.

In addition to this, they've also started their social media presence on the right foot! They went public with an AMA on the Reddit Neo forum, and it attracted a good amount of attention for them in all the right ways. They've also netted themselves an excellent following on Twitter which is also a great sign. They answer many common investor queries having to do with their platform as well on their Medium blog so I think I can give their social media outreach an A+.

Ontology team is quite large, and they have a wide array of academic accomplishments and skills. They've also all been involved with previous blockchain projects which is great as it means they more than likely have the required experience to see a project of this particular scale through.

While it seems ONT's biggest rival would be the chain it's built on: Neo. The fact is that they are taking that technology and expanding it. Their team is making all the great things about their base chain safer and customized.

Different industries will be able to totally customize how their own chains interact with the public chain, and this opens the door for institutions with sensitive information like banks or even world governments to begin migrating their data and operations to the blockchain. While development will most likely be slow going for a project with such a grand scale when adoption does happen it will happen quickly, and before you know it everything will be on the chain.

OnBlock has created a solid long hold coin here, and it's a great addition to your portfolio. Especially if you're a fan of Neo, and you perhaps missed the boat when it was cheap. I would recommend you take a minute to read up some on their medium blog before you invest in Ontology as they offer many great resources.

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