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Ontology (ONT) A Bright Star In The Crypto Market
The crypto market has seen some developments in the past few days (a week or so), and after a closer look, it is clear that ONT Ontology (ONT) wasn’t left behind either. In fact, it has hit $4.259. In terms of the supply levels, it is at 241,236,451 having a market cap of $1,027,459,818.
Subsequently, the currency clocks a volume of 36,655,600. When the examination goes a bit to the history of Ontology (ONT), its price over the last 24 hours has moved +4%, and over a week the change is recorded at -0.60%.
Nevertheless, the bearish bloodbath of 2018 has taken a heavy toll on many tokens’ market cap, but somewhat defiant Ontology (ONT) project, which is a dispersed trust collaboration platform, has managed to bucked the trend. In fact, ONT token stayed as a lesser-known coin before its 91% hike in the last couple of weeks that enabled it to sprung up to 23rd position on coinmarketcap.
Despite being premiered only in early March, Ontology stands with $1 billion market cap already – that, for sure, is something to admire about the coin and apparently hints towards a bright future of this crypto.
Generally, when it comes to the whole discussion on the functionality of cryptocurrency, several advantages are involved. First, the payments between individuals have been made easy and fast-without an intermediary. Secondly, with the cryptocurrency, there are reduced or utterly non-existing transaction fees that most processing institutions and banks charge.
Indeed, the cryptocurrency charges low transactions fees or simply eliminates the transaction fee. Another advantage is based on the security of the transactions. The cryptocurrency offers secured transactions whereby the owner of the wallet can only receive or send payments with it, and anonymously.
It is quite clear that the rise of Bitcoin, as well as the other cryptocurrencies, has led to some kind of disorder among investors, institutions, and financial firms. The basics are not easy to understand when in this blockchain technology especially for an average investor as if not much familiar with the topics then it may be hard to understand the language used. The blockchain technology is a distributed ledger, which is decentralized and makes a record of all the transactions that can’t be modified.
The challenge now is that investors are wondering whether to incorporate the cryptocurrency into their portfolio. Currently, it is hard to put a marker on the discussion as it is always good to proceed with caution (we are talking about your money here).
An investor needs time to work first to know exactly how the digital currency works and if there are possibilities of growth in the future. Many investors get tempted easily due to lack of proper education into the crypto trades that are not what they seem.
All that said, coming back to the point, married to its big brother NEO’s success, Ontology (ONT) has clearly started to turn heads market-wide. And, you must not miss out on this emerging cryptocurrency – it is well worth of keeping an eye! You might also want to bet on it, but of course, at your very own risk.
We will be updating our subscribers as soon as we know more. For the latest on ONT, sign up for our Telegram!
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
Image courtesy of Carl Jones via Flickr
Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.
Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.
The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.
NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more. One of the ways to have a successful…
2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for. While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory. When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion. But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.
I mention both of the above projects as they have each taken slightly different paths to achieve greatness. Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion. Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special. Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.
Cryptocurrency vs. Blockchain Technology
It’s important to make a distinction between blockchain technology and cryptocurrency. Although they are often used interchangeably, they are different. Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…
Altcoins
XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.
As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021.
“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.
He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”
Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”
Mr. Yamagata has…
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