THELOGICALINDIAN - n-a
Ontology (ONT) has abutting the brand of NEO, Ethereum (ETH) and big boy Bitcoin (BTC), as its bazaar amount exceeded $1bn for the aboriginal time, authoritative the Chinese bread the newest affiliate of the crypto billion dollar club.
The bazaar cap of ONT aboriginal pushed accomplished $1bn at about 13:00 GMT, afore it sunk hardly beneath the threshold, afore activity aback aloft $1bn at aloof afterwards 15:00. The coin’s absolute amount is currently at $1.057bn according to CoinMarketCap.
The amount of ONT had been ascent throughout the day. At bazaar open, the bread was trading at about $3.50 and by 12:00 GMT had risen to aloof beneath $4. The bread was at $4.17 back it aboriginal accomplished a $1bn valuation.
This agency Ontology has the 21st better bazaar cap, aloof advanced of Thailand’s OmiseGo (OMG) and $100m abaft Qtum (QTUM), which with a amount of $13.50, gives the bread a absolute amount of $1.19bn.
Designed to accredit companies to accommodate blockchain technology into their businesses, Ontology did not accept a accessible ICO but instead airdropped ONT to NEO holders, possibly to accede with Chinese adjustment that currently prohibits all forms of bread offering.
Today’s account agency that ONT has added by 23% in the accomplished 24 hours and back it began trading in mid-March, has added by 160%, authoritative it one of the best acknowledged bill over the accomplished month. In contrast, NEO has absolutely beneath by 60% back the alpha of March and Bitcoin by 34%.
Ontology afresh appear allotment partnerships with Sequoia Capital, Danhua Capital (DHVC), Matrix Partners China, and ZhenFund.
Following speculation that the development team would coact with four added cryptocurrencies – Aion (AION), Wanchain (WAN), Kyber Network (KNC) and ICON (ICX) – ONT tokens angled in value. There is still no acceptance that Ontology has appear to an acceding with the added four.
