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Ontology Price Prediction 2022-2031: Token Swap all Clear?

Ontology price

On its 4th Anniversary, we remember a source of confusion…

If the tokens are not swapped prior to the deadline, they will remain on the NEO blockchain and will be valueless as they cannot be used on the Ontology network. Are there any ONTs still trapped somewhere?

This scenario seemed to have happened a year ago: Please help. I can not transfer my funds out of ontology from exodus due to a lack of ONG. I can not stake nor transfer funds due to no ONG. I don’t understand how this system could possibly work the way it does. This wallet does not help because I cannot transfer other assets into ONG.

Being in the US I also cannot use most brokerages that would exchange assets into ONG. I have tried everything and I am desperate for a solution. I just want my funds out of ONT and it’s seemingly trapped. Can anybody suggest a clear-cut, fee-less, safe process?

Today’s Ontology price is $0.229143 USD with a 24-hour trading volume of $15,726,834. Ontology is down 2.64% in the last 24 hours. The current CoinMarketCap ranking is #125, with a live market cap of $200,557,157. It has a circulating supply of 875,249,524 ONT coins and a max. supply of 1,000,000,000 ONT coins.

Evolution of Ontology

Ontology is a comparatively recent public blockchain that enables businesses with almost no cryptocurrency expertise to incorporate blockchain solutions into their operations. The Ontology network allows users to create public blockchains for various applications, getting the best from blockchain technology. With the capabilities for decentralized applications, the Ontology framework is positioned as a direct rival to Ethereum.

The Ontology framework includes two tokens: the Ontology (ONT) and Gas token (ONG). With the introduction of the Ontology MainNet in 2018, the Ontology Token was launched, and it acts as a kind of remuneration for users of the network. More information on ONG may be found as you read this blog. In this Ontology price prediction, you will learn more about the coin’s fundamentals and follow a carefully analyzed ONT price prediction.

OnChain, a Chinese startup, developed the ONT network in 2017. The OnChain crew launched the platform led by specialists Erik Zhang, Jun Li, and Da Hongwei. OnChain is also recognized as the developer of the NEO blockchain.

Evolution of Ontology

Ontology Overview

[mcrypto id=”141304″]

Ontology Price Prediction 2022-2031: Token Swap all Clear? 1
Source: CoinMarketCap

Ontology History

Collaboration with the government

The network was created to allow companies to use blockchain technology without requiring significant modifications to their existing systems. The creators intended to ease the process of incorporating blockchain technology and make blockchain usage accessible to everyone.

No ICO

ICOs are the most popular way for new blockchain companies like Ontology to raise money. This platform, however, did not hold an ICO. Instead, the creators distributed ONT tokens for free (a practice known as “airdropping” in the crypto industry) to anybody who signed up for their weekly newsletters.

Collaboration with NEO

Because the same firm that created Ontology also created the NEO blockchain, they thought it would be good to link the two. They accomplished it by enlisting the assistance of the NEO community to promote Ontology and increase its acceptance. As a result, they distributed free ONT tokens to all NEO holders at the launch.

Collaboration with NEO

Primary applications of Ontology

Because Ontology has a dual-system system, its primary currency is the Ontology Token, abbreviated ONT. The ONT first went up for sale in the cryptocurrency market in the 1st quarter of 2018, and its supply will never exceed one billion coins. The rationale behind the one-billion-dollar limit is unclear. Nevertheless, it is thought that ONT was built primarily for private purposes and that ONT and NEO are intended to operate like slices of a shared tech stack.

Ontology- A Decentralized Identity Framework and its Wide Applications

Furthermore, several properties are reserved for the foundation, innovators, and fintech organizations. Because Ontology collaborated with the far more prominent NEO blockchain, the value of ONT has risen since its original introduction. Its price at the moment of the launch was a bit more than $2.50.

NEO Blockchain is a supporter of this innovation.

What is the ONT Coin?

The web demonstrates that the Ontology framework is targeted at the general public to prevent obstacles between the finance firm and the blockchain. The franchise sector may utilize Ontology and blockchain technologies with no prior understanding of shared networks.

Since the Chinese’s creation of Ontology in 2017, there are still no methods for companies to incorporate blockchain into initial structures with no significant blockchain expertise.

In addition, the existing trust platforms suffer a lot of challenges. Blockchain capacities: Secured data value, ineffective identification, and inadequate privacy security.

Fundamental analyses

Mainnet was just launched, and work on the NFT platform, and wallet improvements have begun. New collaborations are gaining traction. Staking and coin economy — Provision of 1,000mn ONT and ONG, with an ONT current circulation rate of about 63 percent and a market cap of $800 million. Its current price is $0.914. it has a trading volume of $108million while its circulating supply is 875 million ONT.

A buyback from the open market was just completed. There have been no burning incidents, and the supply is constant. Staking generates the ONG utility coin, which is transferable and then used to pay the gas charge.

Overall, the analyst believes that ONT/BTC has broken through a critical level; a retest is likely to affirm an S/R flip, enabling a retreat entry.

Why You Should Swap ONT

Token Swap refers to the transition of a coin from the blockchain where it is temporarily hosted, to its own network. For instance, Ontology for a time was hosted on the NEO blockchain and migrated its token (read burn the old and create new) in order to allow ONT tokens to run on its native blockchain. As for EOS, Huobi has decided to support both token swaps, meaning that users holding both ONT or TRX on Huobi will receive the new tokens automatically, without having to perform any actions themselves.

Failing to perform the token swap could likely result in the loss of all funds. Users have two ways of swapping their tokens. They either can deposit their token on an exchange that will take care of performing the swap, or they can perform the transition themselves with the use of private wallets. For many users, it is worth depositing their funds on Huobi or their chosen, supported exchange, for the sake of convenience and peace of mind – keeping your tokens under your own control, of course, comes with the benefit of added control, if you know what you’re doing.

Another benefit of depositing your holdings onto the exchange during a Token Swap is the ability to trade the coin. Both TRX and ONT are not going to be transferable from wallet to wallet, or wallet to exchange, during the migration – rendering the holdings highly illiquid, which has the potential to be costly due to the opportunity cost of not being able to trade, especially if a glitch or bad news (“FUD”) occurs during the migration.

What is the Difference Between ONT and ONG?

Since launching, Ontology has relied on two tokens to both power and secure its network. These tokens include:

ONT (Ontology)

Ontology coin or ONT is Ontology’s primary coin. It was originally a NEP-5 token launched on the NEO platform. However, once Ontology officially launched its own MainMet, the NEP-5 tokens were swapped for native ONT coins. Since Ontology never did an ICO, they airdropped ONT tokens to those who signed up to their email list and NEO holders. The ONT coin has a total supply of 1 billion, of which around 80% are in circulation.

ONT holders gain governance rights and the ability to stake tokens. Users who stake their ONT can also earn staking rewards. Therefore, not only do they play an active role in steering network decisions but also, they benefit from their participation. Those who stake their ONT receive rewards in the form of Ontology Gas.

ONG (Ontology Gas)

The ONG coin is a special token that’s produced every time an Ontology block is confirmed. It’s primarily used to pay for Ontology transaction fees. It’s also a reward for users who help keep the Ontology blockchain operational. Additionally, the Ontology Gas coin is used whenever a user performs particular operations on the Ontology blockchain such as deploying smart contracts.

How to exchange BTC for ONT?

If you are looking for a reliable Ontology exchange platform, Swapzone is here to assist you. Through Swapzone, you can easily convert BTC to ONT or ONT to BTC without the extra hassles of opening and verifying an account. If that sounds like what you are looking for, here is a step-by-step guide on how to swap BTC for ONT:

  • Head to Swapzone through your internet browser.
  • In the “pair tab” choose BTC as the coin that you wish to exchange. Enter the correct amount of BTC as well before you proceed.
  • In the section “get up to” enter Ontology as the coin that you wish to receive in exchange for BTC.
  • After you’ve entered these details, Swapzone will display several BTC-ONT exchange rate offers from different exchange partners.
  • Go through the different offers on display and find the one that you want. You can sort the offers based on transaction time, exchange rate or provider rating. Once you’ve found an offer that you want, select it and click on “exchange” to proceed.
  • After this, enter a wallet address to receive your ONT. You will also need to provide a wallet address to receive a refund in case your transaction doesn’t go through or if you’re swapping BTC-ONT between two of your wallets. Click on “proceed to exchange” to continue.
  • This will trigger the transaction to start. It may take a few minutes before you receive your coins. Be patient as the exchange partner sends your ONT.
  • Once the process finalizes, you will receive ONT in your wallet. Simply take a moment to rate the experience and leave an honest review.

Popular pairs to convert Ontology

ONT to BTCONT to ETHONT to LTCONT to BNBONT to BCHONT to USDTONT to THETAONT to XMRONT to TRXONT to BSVONT to DASHONT to ZEC

Ontology Technical Analysis

The William Alligator is moving into a sleeping position suggesting little price action soon, the MACD histogram has little price momentum on the upside, while the reactive strength index shows no sign of price reversal

Ontology Price Prediction 2022-2031: Token Swap all Clear? 2

Ontology Price Predictions by Authority Sites

Walletinvestor

The site uses machine learning and artificial intelligence (AI) to provide the Ontology price forecast. The AI rates ONT historical data index C and comments that it would make a bad one-year investment. The ONT price will fall by 78.53% to reach $0.0498 in August 2023. The site indicates a bearish market price prediction for the coming two weeks, and ONT will fall from the current price to $0.2063 at the end of the period. The negative trend will rise in 2024 at -89.76% ROI and drop to -83.43% in 2025. In 2026, ONT ROI will be -84.91% and -82.31% in 2027.

Trading Beasts

This site uses linear and polynomial regressions to provide the Ontology forecast. ONT coins will sell at an average trading price of $0.3155879 in August. The price will rise gradually to $0.2956479 at the end of the year. In 2023 ONT will sell at an average price of $0.2888696 in January and $0.3185078 in December. The site provides a bullish ONT price prediction from 2024 to 2025. In 2024, ONT’s average trading price will be $0.3273760 in January and $0.3331263 in December. In 2025, ONT’s average trading price will be $0.3392329 in January and $0.3961976 in December.

Digital coin price

According to the Digital coin price forecast system, ONT is down over 60% this year and will trade sideways for the second half of 2022. The average forecast price for August is $0.34, reaching the lowest in November at $0.31. In 2023, ONT will sell at an average price of $0.34. It will reach a maximum price of $0.37 and a minimum price of $0.31. In 2025, ONT will sell at an average price of $0.43. It will reach a maximum price of $0.48 and a minimum price of $0.40. In 2030, ONT will sell at an average price of $1.07. It will reach a maximum price of $1.10 and a minimum price of $1.02.

Cryptopolitan

Ontology Price Prediction 2022-2031: Token Swap all Clear? 3
Ontology Price Prediction 2022-2031: Token Swap all Clear? 4

Ontology Price Prediction 2022

Ontology price prediction for 2022 is $0.3. Ontology has shed 60% of its value from its opening price this year. Recently, ONT partner ONG got delisted on the crypto.com exchange; the average trading value is expected to go up in August and consolidate for the rest of the year with little price action.

Ontology Price Prediction 2023

Ontology price prediction for 2023 is $0.43. The Ontology network has a frictionless Ethereum virtual machine enabling it to plug into the Ethereum blockchain. The transition of Ethereum into WEB 2.0 will be a win-win situation for both platforms. Ontology prices are expected to reach a maximum price of $0.51 and a minimum of $0.42.

Ontology Price Prediction 2024

Ontology price prediction for 2024 is $0.61. Ontology is building the future of personal identities. These identities are stored on-chain and cannot be replicated and used for malicious attacks. Personal data could include assets, art, music, or personal information. The Ontology average price level will reach the highest price at $0.72 and the lowest at $0.6.

Ontology Price Prediction 2025

Ontology price prediction for 2025 is $0.87. Assets and all on-chain data can be managed in the all-in-one Onto wallet. The Onto wallet controls data on the mainnet, ensuring that assets are owned 100% by the owner. Onto wallet is in charge of your digital footprint, the Ontology overview coin will reach a maximum value of $1.04 and a minimum of $0.83.

Ontology Price Prediction 2026

Ontology price prediction for 2026 is $1.23. The bullish momentum will continue past 2025 as blockchain networks grow mainstream. The Ontology infrastructure adopts decentralization in three layers and will therefore be a good pick for industries seeking to adopt the blockchain. ONT prices in the future will range from $1.20 to $1.43 in the crypto market.

Ontology Price Prediction 2027

Ontology price prediction for 2027 is $1.86. The partnership with Wing finance has been a win for both protocols. Using the OScore, built on ONT identities, users can use reputation records to lend and borrow on Wing finance. Wing Finance increases the demand for ONT; the coin’s average trading price will range from $1.8 to $2.09.

Ontology Price Prediction 2028

Ontology price prediction for 2028 is $2.79. Saga’s partnership with Ontology is making data identities a reality. Saga enables the community to purchase and monetize their data in a compliant, secure, and fair manner. The saga partnership shows Ontology’s measure to develop in the web 3. The forecasts in the crypto market indicate the price will range from $2.69 to $3.15.

Ontology Price Prediction 2029

Ontology price prediction for 2029 is $4.29. The Ontology network is fast, low cost, and secure, which features a robust blockchain. ONT’s tremendous growth in the future will require more on-chain developments to keep up with the competition of emerging blockchains. Ontology forecasts will range from $4.18 to $4.73.

ONT Price Prediction 2030

Ontology price prediction for 2030 is $6.3. The ontology foundation acknowledges the Ethereum virtual machine as its first step into interoperability. Future developments will enable the Ontology networks to cross blockchains leveraging their economics and strengths. Ontology forecasts will range from $6.10 to $7.09.

ONT Price Prediction 2031

Ontology price prediction for 2031 is $9.24. Ontology continuous growth will depend on the overall sentiment of the cryptocurrency market. Major setbacks in regulation and negative news will derail Ontology’s performance; otherwise, the average trading price will continue upwards. ONT market capitalization will increase with prices ranging from $8.92 to $10.78.

Ontology Price Predictions by Industry Influencers

Crypto Vault Youtube channel gives a quick overview of the Ontology network and price prediction. 

Earlier this month, Ontology launched its Ethereum virtual machine into the mainnet. This will enable cross-chain operability between Ontology and Ethereum network. Ontology announced a $10M fund for developers creating dAPPs on ontology during the launch.

Wing Finance congratulated Ontology for the move, which will help Wing finance to extend its lending services into the Ethereum Virtual Machine.

As we migrate to Web3 we have an opportunity to create a safer, fairer, more decentralized internet. By launching our EVM, Ontology is contributing to this vision by increasing cross-chain interoperability, as well as expanding our decentralized identity solutions to mainstream developers within EVM-based ecosystems through our EVM Fund. The fund hopes to contribute to the creation of a decentralized, secure, and fully interoperable metaverse. For this reason, it will put a specific focus on metaverse and Web3 projects. The Ethereum network is an essential connection for Ontology given its extensive support of smart contract creation and decentralized application development, not least its position as a leader within the DeFi space and its extensive portfolio of world-class developers.

LiJun, Ontology Founder

This move will increase the utility of its coins and attract more volume from the EVM integration. This will likely lead to investors consolidating more Ontology tokens, which will push Ontology’s price higher.

Conclusion

As you can see, the Ontology Coin team is pushing forward with advancements like sharding (a popular scalability solution being investigated by other projects like Ethereum to enhance a blockchain’s ability to scale or actually control mass usage), as well as multi and cross-chain blockchain solutions to truly unlock new value for businesses all over the world.

When combining analysts’ ONT price forecasts with chart analysis, the cryptocurrency appears to have relatively moderate returns.

Please keep in mind that this post is just intended to be informative and does not represent financial advice. Before investing, you should always conduct your own research and never invest money that you cannot afford to lose.

Ontology is down over 60% and down over 99% from its all-time high of $11.18 set on 3 May 2018. Analysts argue that Ontology sells at a discount and will be profitable on the next bull run.

Ontology has lost over 99% of its value and will take over 10 years to set a new price record. 

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

FAQs

Is Ontology (ONT) coin worth my investment?

Yes, the Ontology price will rise, and it will be a solid investment, according to our price projection and technical analysis.

What is ONT Coin used for?

The staking tool is Ontology Coin (ONT), and the time and cost of staking, as well as the operational costs of the nodes, are considered inputs. Ontology Gas (ONG) is a value-anchoring toll mechanism for on-chain apps that makes on-chain transactions easier.

Where can I sell ONT?

Signing up for an altcoin exchange is the quickest method to sell ONT for Bitcoin or Ethereum, so you can cash out sooner. Due to their large volume and liquidity, Bitcoin and Ethereum are two of the most commonly acknowledged cryptocurrencies, making them simpler to access.

How to swap ONT?

To begin, open ONTO and go to the "Assets" section. Then, in the token list, touch on ONT. To begin the swapping procedure, tap the swap symbol in the upper right corner. Tap "Swap now" after entering 1-9 integral numbers in the field.

Shawn Du'Mmett

Shawn Du'Mmett

Former IT development and consultant, remote team and collaboration expert, PM, CCO, writer, dreamer, idealist looking to collaborate with global teams on a global teal/turquoise organisation. Shawn's dream is working together openly, to get what writers need and want, and to solve biggest global problems. He is building a collaboration system from the start that everyone can own and define, allowing them to work together, to decide how it works and to their highest ideals.

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