Ontology (ONT) has been one of the best performing cryptos in the last two months. Despite weakness in bitcoin and the cypto market, Ontology has pushed up ten times in value since March, and looks set to rise even further.
One of the factors that will push up Ontology in coming days is the launch of the Ontology Olympus Accelerator. The idea behind this program is to support the developer teams of blockchain startups, and drive traffic into the ONT ecosystem. Just to give you an idea of how huge this program is, Ontology will be investing $1.5 billion worth of Ontology tokens in it. That’s a huge amount, and is guaranteed to have an impact on the value of Ontology going into the future.
Another factor that is pushing up Ontology (ONT), and will continue to push up its value in the future is the partnership with Chain of Things. Through this partnership, Chain of Things will make use of the Ontology network to build a platform for the creation of the internet of things hardware. Both Ontology and COT stand to reap big from this partnership. According to the founder of COT, the two platforms will see a major reap by promoting blockchain technology, as well as create a data exchange and collaboration platform. To quote him,
“Through our cooperation, the two parties will jointly promote blockchain technology and applications, and establish a data exchange and digital identity collaboration platform to jointly promote the development and success of a system which fully integrates objects with our digital economy.”
This is a big deal, and could easily see Ontology become a central component of the new digital economy that is anchored on decentralization. Given that the digital economy is growing by the day, and encompassing all aspects of modern life, cryptos like Ontology that offer real solutions in the new economy stand to reap big.
However, the biggest push to Ontology (ONT) this year will come from China’s seismic shift in its view of blockchain technology. In the last few weeks, all indications coming from China point to a softening stance towards blockchain technology and cryptocurrencies. If China fully embraces this tech, good Chinese projects like Ontology will be headed to the moon. On top of that, the fact that Ontology is somewhat connected to NEO, one of the most popular Chinese blockchains, will play a role in driving up its volumes. If Ontology has grown this much under the current environment, there is a no reason why it can’t rise even higher once China creates an enabling crypto environment.
Besides, Ontology is introducing the Triones node incentive model that will reward Ontology holders with Gas. This is guaranteed to drive in more investor volumes into Ontology, and further push up its value. That’s because this model opens up passive income opportunities, which is a major incentive for most investors.
With all these factors at play, it’s not hard to see why Ontology (ONT) is a highly undervalued crypto. $100 is possible in 2018!