Ontology (ONT) is the only blooming cryptocurrency among top 20 coins with as much as 24 percent over the past 24 hours. At the moment, the coin sits on 17th spot, moving upward to enter the market cap of 15th largest coin.
Ontology (ONT) Surged Again
On one hand trading volume of leading cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), XRP doesn’t appear to be in a thrilling graph – Ontology (ONT), on the other hand, sees an epic rise of 24 Percent within a couple of hours. Consequently, as per the data provided by coinmaketcap, ONT is trading at the value $1.38 against USD and as such, its average trading volume counts $681,067,252.
Majority of trading volume of ONT coin comes from exchanges like Bit-Z, Huobi Global, Binance, DigiFinex, OKEX, Gate.io, Upbit and unlike. Although Bit-Z contributing as much as $34,690,324 with pair of USDT, Binance, DigiFinex, OKEx, and Huobi are contributing to multiple pairs including USDT, BTC, KRW, ETH and more.
However, there’s no recent listing that could directly link with the surging volume of ONT but analyzer is closely connecting the spike is a result of Ontology’s giveaway of 200,000 ONG token (Ontology Gas) among traders as a celebration to mark their listing anniversary on Binance cryptocurrency exchange. Accordingly, trader with higher trading volume of ONG at Binance excahnge (between 14-21 march) was supposed to win a prize. For those who don’t know the connection between ONT and ONG, Ontology Network uses dual token – ONT is the coin used for staking in consensus whereas ONG is the utility token.
— Binance (@binance) March 13, 2019
Moreover, on March 19, Mobile digital currency wallet called ‘Banko Wallet’ announced to support ONT token along with ONG token as well as Ontology DApps. The announcement reads that;
Banko Wallet now supports ONT, ONG, and Ontology dApps. Banko Wallet brings along its 7,000+ active dApp users and provides quality crypto asset management services and user experience for the Ontology community. Read more and download at: https://t.co/nspCDOhm0d. $ONT $ONG pic.twitter.com/hZ6B8KiG71
— Ontology (@OntologyNetwork) March 20, 2019
Besides this, speaking with CNBC media, Ontology founder Li Jun also revealed that the firm is now working with Lanxess Chemicals company on chemical supply chain tracking.
Talking with CNBC, Li Jun mentioned Fosun has finished their Ontology-based loyalty points solution, improving their system which has 100 million users. He also shared that Ontology is working with Lanxess on chemical supply chain tracking. https://t.co/bBYjSG0qHu $ONT $ONG
— Ontology (@OntologyNetwork) March 21, 2019
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Tabassum is a full-time content writer at Coingape. Her passion lies in writing and delivering apt information to users. Currently, she does not hold any form of cryptocurrencies. Follow her on Twitter at @Tabassumnaiz and reach out to her at Tabassum[at]coingape.com