Ontology [ONT] Shoots Up in Preparation of Mainnet Launch

June 30 is the scheduled date for the mainnet launch of Ontology (ONT) which has further upped the ante as ONT price surges over 18 percent and at one point defeat Qtum and OmiseGo to reach the 19th position.

ONT/USD: Taking a hike

Much like any other cryptocurrency, before migrating to its own blockchain, Ontology (ONT) price is taking a hike.

At the time of writing, Ontology has been sitting at $5.20. Though the crypto market is green right now, Ontology is making serious gains having risen 18 percent in the past 24 hours. At one point, the prices saw a surge of about 20.98 percent.

With a market cap of $783 million, Ontology has risen to the 20th position making its way through Qtum. Previously, Qtum has been in the 20th position as per Coinmarketcap. The surge in ONT price took it from 21st place to one rank above i.e. 19th position.

A few hours back, Ontology replaced OmiseGo from its 19th place but is now yet again on 20th rank.

It has been managing about $122 million of daily trading volume. Apart from holding strong against USD, Ontology is also running in significant greens against BTC and NEO markets which is 12 and 15 percent respectively.

Also, read: Ontology [ONT] Collaborates with Carblock , Marks Entry in Automobile Sector

Upcoming mainnet release

A unique entry into the crypto market through airdrops instead of the popular initial coin offering method, the NEO-based Ontology has been partnering up with different organizations. Since it first started trading on the market a few months back in March, the cryptocurrency has been making slow yet gradual progress.

Now, with this important step, Ontology is joining the ranks of those cryptocurrencies that have to move onto their own blockchain and becoming independent. With this mainnet launch, the NEP-5 ONT tokens will become ONG tokens once it releases by this month end.

As per the official Ontology channel, Binance, Huobi, OKEx, Upbit, KuCoin, Gate.io, and CoinEgg have made the announcement to support ONT mainnet token swap.

The Ontology team released an ONT token swap notice that details about the manual and automated method and further information that an ONT holder needs.

Through partnerships and network developments, Ontology team is actively working on building a high-performance public blockchain and a distributed trust collaboration platform. As the mainnet release comes near, which is just 5 days away, Ontology is gaining the attention of the investors and prices. This new phase is all ready to set forth new expectations and developments.

What are your views on the upcoming Ontology mainnet launch, price hike and climbing above Qtum? Share your thoughts with us!