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Ontology Gas Price Prediction: Can Ontology Gas (ONG) Crypto Reach $10?

The DeFi boom of 2021 brought up a lot of blockchain projects that offer solutions for enterprises. One of them is the Ontology Gas blockchain, the project mainly focused on data privacy and security. Clear concepts and innovative technologies attracted attention from the community, and many experts see a lot of investment potential in the ONG tokens.

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Ontology Gas Fundamental Analysis

Project name
Ontology Gas
Stock Symbol
ONG
Current Price
0.32853428
Current Supply
1000000000
Launch Date
2018
Official Website

Ontology Gas is a public layer-2 blockchain platform that aims to bring data solutions and decentralized identity to the Web3 world. According to the official website, Ontology offers high-speed and low-cost transactions along with improved privacy, transparency, and trust. It is created to give an opportunity to the enterprisers to build their own blockchain-based solutions for any business needs while complying with the existing regulations. 

Ontology Gas also uses an Ethereum Virtual Machine that provides compatibility with Ethereum. It is also the first stage of the Ontology Multi-Virtual Machine and the future interoperability. Thanks to the ONT ID users' data (identity and personal information) are protected with no need for constant maintenance or oversight. 

The project also offers a native ONTO wallet, equipped with the ONT ID, so the users get full control over their digital footprints. Moreover, it provides the first blockchain reputation scoring system, dubbed OScore. It allows access to under-collateralized loans through Wing.Finance DeFi platform based on reputation. 

Another product of Ontology Gas is SAGA — a decentralized data protocol that helps to buy and monetize data in a fair, secure, and compliant way. 

The platform adopts a dual-token model and has two utility tokens: ONG and ONT. The coins are separated to decrease the risk of the native asset price volatility. ONT token is used for staking with the staking and operating costs considered as inputs.

ONG coin plays the role of a value anchor for on-chain applications and is also necessary for the transactions on the Ontology blockchain. It has a total supply of 1 billion coins and the circulating supply of 273 million. 

Ontology Gas Live Price Chart

In the 1-year period, the asset grew 139% in price. It started to gain value from the very beginning of the last year, but together with the overall trend went down in summer. At the beginning of July, it was traded for just $0.46. The price went up in mid-August, though the token didn’t gain as much as some other assets in October. At that time ONG's price was stabilizing between $1.15- $1.3.

The following market correction in the middle and the end of November though didn’t affect the asset that much. The token sustained the level of $1.15, but from the first days of December, ONG price chart started to decline. On December 6, the asset went down to $0.83, recovered to %0.95 in the next few days, and then continued to lose in value. 

The coin was going down till it reached the minimum of $0.58 on January 22. In the next three weeks, the price was bouncing between $0.61 and $0.73. 

During the last week, while the crypto market is getting ready to recover from a long bear run, ONG token has gained 35%. ONG price chart looks bullish at the moment, though it is still 79% below its all-time high. Experts assume that the ONG token will most probably grow in price in the nearby future. 

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Ontology Gas Technical Analysis

Despite the fact that 100% accurate technical analysis for Ontology Gas cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated ONG buy-and-sell rating for selected timeframe. The summary for ONG/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.

Ontology Gas Price Prediction

Below we have collected the most reliable price projections for Ontology Gas (ONG) from popular forecast platforms.

Ontology Gas Price Prediction for 2022

As of the end of 2022, Ontology Gas price predictions remain predominantly positive, with some analytics promising the price at about $0.423809, while PricePrediction.net even cites the possibility of the price reaching $0.653783 by the end of the year.
Potential ROI: 65% Buy

Ontology Gas Price Prediction for 2023

In their Ontology Gas price predictions for 2023, PricePrediction.net forecasts the coin’s price to go down to $0.262827 by December. Forecasting Ontology Gas future, WalletInvestor expects further decrease of its price, too, saying the Ontology Gas price will reach ~$0.220118 by that time. On the contrary, TradingBeast keeps predicting Ontology Gas price growth, quoting prices around ~$0.768967 in 2023.
Potential ROI: 27% Buy

Ontology Gas Price Prediction for 2024

Ontology Gas price predictions for 2024 are still predominantly positive, with some analysts promising prices in the $0.499372–$0.630553 range (PricePrediction.net, TradingBeast), while WalletInvestor takes a different view and cites the possibility of the price reaching $0.003285 in December 2024.
Potential ROI: 15% Buy

Ontology Gas Price Prediction for 2025

TradingBeast has only optimism in store for the 2025 Ontology Gas price prediction, valuing Ontology Gas at $0.422471 by the end of 2025. WalletInvestor agrees with a positive forecast and predicts, in turn, $0.473089 for the same period. On the other hand, PricePrediction.net’s team is more pessimistic — their Ontology Gas price prediction for December of this year is just $0.075563.
Potential ROI: -1% Sell

Ontology Gas Price Prediction for 2030

Speaking of long-term Ontology Gas price predictions for 2030, experts present two polar opinions. PricePrediction.net expresses the view that Ontology Gas price won’t grow further and, opposedly, will decline to $0.14784. WalletInvestor’s price prediction for Ontology Gas echoes with the projection of a downtrend to $0.14784. Despite this, TradingBeast’s vision remains positive, promising growth up to $0.684402.
Potential ROI: -1% Sell
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Summary

As it can be clear from the analysis cited above, Ontology Gas (ONG) projections are rather contradictory. There is no universal consensus either about positive or negative future ONG price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Ontology Gas projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

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