Ontology token or ONT is the creation of the blockchain technology. Ontology was created by a Chinese firm known as Onchain and introduced in the year 2017, designed Da Hangfei and Erik Zhang. Ontology is publicized stage and it is mainly regarded as the secondary generation of virtual currency, which targets at removing the mistakes of the previous generation of virtual currency. Ontology is assisted by all important multinational crypto exchanges such as OKEx, Kucoin, Binance and more. It is excessively combined with BTC, ETH and USDT.
Present Status of Ontology Price: The ONT is currently positioned at 20th number in the cryptocurrency market with the trading value of $1.08 USD. The market capitalization of the ONT is $534,637,132 USD and 24 hour volume of $68,464,008 USD. And the circulating supply of 494,854,358 ONT and total supply of 1,000,000,000 ONT.
Ontology and Paxos Partnership: The news is circulating in the market that the Ontology and administrated stablecoin PAX introducing on the Ontology ecosystem had been driving the price of ONT until yesterday. Paxos will be assigned up to $100 million in stablecoins on the Blockchain Technology of the ONT.
The co-founder of the Ontology, Andy stated over the situation of PAXOS-ONT partnership, “The launch of PAX on the Ontology blockchain will greatly accelerate real business applications on Ontology, create more success stories of traditional businesses shifting to distributed businesses, and provide enterprise partners and institutional investors will a regulated, reliable, and safe gateway to the world of digital assets.”
Ontology Value Forecast: Yesterday the Ontology was succeeding in the market with the price of $1.17 USD and having 6% of the increase to its value. But today the value of the Ontology dramatically falls to $1.08 with the decrease of -6.81% in the trading value of yesterday. As we can see the price of the drastic drop of the price today in ONT value, all the experts that were predicting that ONT will 10% of the increase are stepped back by the drastic change of price today.
Now, we have to see how the partnership with PAXOS and the value forecast will again bring back the increasing price of the ONT back.