by Rushali 
In this changing world, everything needs to be updated. Once a product has invented the work on its better version is also started. Technology is changing so fast that in the next 10 years we will see an altogether new world. For many years now corporates are looking for a concept that will store their data as well as keep it safe and secure. The financial sector has many demerits and that gave birth to the invention of blockchain technology. And with time it developed to a better version called Decentralized finance or DeFi. Then the growing popularity of these sectors has given the idea of the invention of the Ontology network.
This article will focus on this new invention only called the ONT network.
First, let’s understand the meaning of this network.
Understanding the Ontology network
In the year 2017, it was invented by two Chinese cryptocurrency experts Da HongFei and Erik Zhang. The ontology project’s main aim is to keep a bond between fiat currency and the digital world where people can have trust. It has a high-performance-oriented distributed identity system, distributed data exchange and collaboration, and distributed procedure protocols.
ONT was not started as an ICO instead it was distributed for free to the people especially the Neo coin holders. It adds segregated communities, distributed attestation, and also merges a versatile weave of algorithm modules that are restricted to specific industries. So it has become a crypto giant which produces a flawless and reliable company, an integration of not only a cross-chain infrastructure but also sustains as a robust crypto company for applications across industry and across all gadgets, and in the process, it also fostered peer-to-peer trust, therefore creating a highly collaborative and customer-friendly interface based on deep learning not only for the public but also private.
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Why it is different from others?
The following points make the ontology project different from others.
- ONT coin is made by engineers and expert programmers that’s why it is more reliable.
- It has backing from a Chinese group that makes it free from any kind of scams.
- It also has an alliance with NEO making it an esteemed altcoin.
- No special training or expertise is required by any investor to trade in crypto assets.
- It has a very simplified process on two basic frameworks, one of agreement wherein ONG helps with smart contracting almost on the similar lines of Ontology.
- And Ontology also enjoys the benefits of policy governance and changes in regulation.
Partnerships
Recently, Ontology has partnered with Blocery that is a high-end gardening good, and grocery e-commerce companies to enhance its capital, receive capital and infrastructure support from it. This partnership has made Blocery an integral part of Ontology as a DeFi solution. At the beginning of 2020, ONT partnered with two big organizations, ParityGames and GoWithMi, the alliance is focused on leveraging the gap between blockchain and the business world. And it also enables customizing the public blockchains for multiple applications.
Future prediction
Today Ontology is trading at $1.10 and has a market capitalization of $886 761 743 and it is placed at 61 positions in the world cryptocurrency rating. In the year 2020, it was in news due to its partnership with NEO and that made its price rise 17%. Experts believe that the price of Ontology will reach $10 after 5 years.
Ontology is one of the best-performing cryptocurrencies. It has a partnership with many big companies like GoWithMi, ParityGames which makes it a strong market player. And then above all, it has huge support from NEO.
- Price prediction for the year 2021
The year 2020, was turned out to be a great year for this cryptocurrency. It has already crossed the levels of $1 this year. So, we can expect that it will trade in between $1.10-$1.25.
- Price prediction for the year 2022
By this year ontology may have many other alliances and projects that will lead to its price rally. On the upside, it can reach $2, and on the downside, it can reach $1.40.
- Price prediction for the year 2023
3 years from today we can see that blockchain is adopted in any projects and real-life works. And that helped the price of ontology to touch $5 levels.
- Price prediction for the year 2024-2025
Experts believe that the price of the ontology will be as high as $10 in the next 5 years. It has its roadmap set with its prominent partnerships and we can surely say that it will touch the levels of $10.
By the end, we can conclude that Ontology’s partnerships will help it to each its great future. You can invest it today and will definitely get returns in the future.
NOTE- We don’t recommend any kind of investments. All these predictions are on the basis of our research which can be wrong as well. Or you can have a different opinion as well. We don’t take responsibility for any profit or loss.
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