Ontology (
ONT) is a smart contract platform. Still in the very early stage of development.
Ranked #30 with a current market capitalisation of
USD 270 mn.
Technical Analysis
High correlation with
BTC movement. HTF are showing a descending triangle movement which is in continuation over a year now.Currently at ALT levels. Daily graph is showing a very strong accumulation.
ATL support - 555 sats, A dumping BTC can break this easily
Local Resistance - 618, best entry will be retest of this level as a S/R flip.
Moving under 200 MA & 21 EMA
Fundamental Analysis
Mainnet was released recently, started building NFT platform, wallet upgrades. Seeing a strong traction on new partnerships.
Token economy and Staking
Supply of 1,000 mnONT and OONG, Near 63% current circulation of ONT. Recently did a buy back from the open market. There are no burning events, fixed supply.
Staking will generate ONG utility token, which is tradable and used for gas fee.
Always DYOR
ONT) is a smart contract platform. Still in the very early stage of development. Ranked #30 with a current market capitalisation of
USD 270 mn. Technical Analysis
High correlation with
BTC movement. HTF are showing a descending triangle movement which is in continuation over a year now.Currently at ALT levels. Daily graph is showing a very strong accumulation.ATL support - 555 sats, A dumping BTC can break this easily
Local Resistance - 618, best entry will be retest of this level as a S/R flip.
Moving under 200 MA & 21 EMA
Fundamental Analysis
Mainnet was released recently, started building NFT platform, wallet upgrades. Seeing a strong traction on new partnerships.
Token economy and Staking
Supply of 1,000 mn
ONT and OONG, Near 63% current circulation of ONT. Recently did a buy back from the open market. There are no burning events, fixed supply.Staking will generate ONG utility token, which is tradable and used for gas fee.
Always DYOR
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Learn! Invest! Earn!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.