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Market Analysis

Ontology Technical Analysis – Can 2018’s Price Be Replicated?

03 Jun 2019 : 16:19
2 min read

Ontology (ONT) is a public blockchain system launched in 2017. The high-performing project and distributed collaboration platform has several applications within the health sector.  From pharmaceutical management to lifetime health data, this crypto project has the potential to be applied in several business structures.

From the end of March ’18 to the beginning of May, ONT went from $1.09 to $12.33. It was one of the best performing coins of 2018, with outstanding partnerships and a promising roadmap.  The price went parabolic from March 2018 to May 2018, with investors gaining a 965% return in three months. At the moment of writing, Ontology’s price is $1.43, with its all-time high being $12.33.  Currently, ONTUSD is retesting the $1.40 support zone. If a new leg to the upside forms, then the next supply level will be $1.54 and $1.70.

Some of the most outstanding partnerships on Ontology’s record have been Healthcare Public Chain, DappRadar,  DaD platform, the Japanese accelerator TECHFUND, and the translation platform Jeemaa.  On the other hand, the team has published on Medium its roadmap for both, the Chain Network and the Trust Ecosystem, which are the two most important ONT developments scheduled for this year. Plato (a heterogeneous Chain Network) and Aristotle (a milestone improvement with the aim of being the “next internet generation”) are both scheduled for the last months of 2019 and the beginning of 2020 respectively.

In addition, the 22nd coin by market capitalization recently presented its cross-chain solution, which promises to be better than Cosmos and Plasma.  Many traders used the release as a reason to keep investing, as many truly believe in the potential of this project. The new alternative will enhance the exchange of data between side-chains, user-friendly and ensures the interaction between several types of data, and not only digital assets.

Michela Silvestri

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