Ontology (ONT) is a prominent blockchain project focused on creating a secure and scalable environment for decentralized applications (dApps). If you're tracking its performance or considering an investment, understanding its real-time price, market data, and use cases is essential. This guide provides a detailed overview of Ontology's current status, key metrics, and frequently asked questions.
Live Price and Market Data
As of the latest data, the live price of Ontology (ONT) is $0.12192**. Over the past 24 hours, the token has experienced a **-3.68%** price change, while showing a **+2.69%** increase over the last week. With a circulating supply of 914,697,857 ONT, its market capitalization stands at approximately **$111.7 million, ranking it #195 among cryptocurrencies by market cap.
The 24-hour trading volume for ONT is $7.179 million, reflecting active market participation. Price volatility is common in crypto, and ONT is no exception—monitoring these trends helps investors make informed decisions.
Historical Performance Snapshot
| Time Period | Price Change | Change (%) |
|---|---|---|
| Today | -$0.00468 | -3.69% |
| Last 7 Days | +$0.0032 | +2.70% |
| Last 30 Days | -$0.01671 | -12.05% |
| Last 3 Months | -$0.03261 | -21.10% |
Ontology reached its all-time high of $11.17**, which means the current price is down by **98.91%** from that peak. Conversely, its all-time low was **$0.10580, indicating the current price is up by 15.21% from that baseline.
What Is Ontology (ONT) Used For?
Ontology employs a dual-token model, with ONT serving several critical functions within its ecosystem:
- Native Currency: ONT is used to store and transfer value on the Ontology blockchain. Holders can delegate their ONT to Triones nodes for staking, enabling participation in network governance and proposal submissions.
- Staking Rewards: Users can stake ONT to earn rewards in ONG tokens. This process enhances network security and stability while providing passive income opportunities.
- Trading and Investment: ONT is traded against other cryptocurrencies, allowing investors to capitalize on market volatility or hold long-term based on the project's potential.
How to Stake ONT and Earn Rewards
Staking ONT is straightforward and contributes to network security. Follow these steps to get started:
- Download the ONTO Wallet and create an ONT-ID wallet.
- Fund your wallet by purchasing ONT on a supported exchange and transferring tokens to your wallet.
- Click the "Stake" button on the wallet interface.
- Select a node from the list—consensus nodes are marked based on the highest staked ONT amounts and offer varying APYs.
- Enter the amount of ONT you wish to stake and confirm the transaction.
- Earn ONG rewards over time while helping secure the network.
Staking is an excellent way to grow your crypto assets passively. 👉 Explore more strategies for maximizing returns through staking and other methods.
Is Ontology (ONT) a Good Investment?
Ontology aims to provide innovative solutions for dApps, making them more scalable and secure for real-world use. This focus positions it as a strong contender in the Web3 sector. As Web3 technology gains adoption, robust ecosystems like Ontology could see increased demand, potentially driving ONT's price upward.
Key factors influencing ONT's investment potential include:
- Adoption Rate: Growing acceptance by developers and businesses could boost demand for the token.
- Future Upgrades: Enhancements that improve efficiency, scalability, and security may attract more users and investors.
- Market Sentiment: A positive outlook on cryptocurrencies and Web3 generally supports ONT's price, while bearish trends could lead to sell-offs.
However, crypto investments are inherently speculative and volatile. Always conduct thorough research and consider your risk tolerance before investing.
Investors and Partners
Ontology has established partnerships with leading industry players, including 1inch, Aave, BNB Chain, Polkadot, Chainlink, and Chiliz. Mainstream collaborators like Daimler, Google Cloud, and Opera add credibility to its ecosystem. Investors such as Sequoia Capital, Huobi Capital, and Hashed have supported the project through funding rounds, highlighting its potential for growth.
How to Convert ONT to Cash
Converting ONT to cash involves a few steps:
- Sell your ONT on a spot market for USDT or another stablecoin.
- Use a peer-to-peer (P2P) service to exchange USDT for your local fiat currency.
- Alternatively, some exchanges offer direct crypto-to-fiat trading pairs for supported currencies.
Always choose reputable platforms for transactions to ensure security and compliance.
Frequently Asked Questions
What is the current price of Ontology (ONT)?
The live price of ONT is $0.12192, with a 24-hour trading volume of $7.179 million. Prices update in real-time based on market supply and demand.
Can I stake ONT for passive income?
Yes, staking ONT in the Ontology network earns you rewards in ONG tokens. This process supports network security and offers a way to grow your holdings passively. 👉 Get advanced methods for optimizing your staking strategy.
What is the maximum supply of ONT?
ONT has a maximum supply of 1 billion tokens. The circulating supply is currently 914,697,857 ONT.
How do I store ONT securely?
You can store ONT in custodial wallets (like exchange wallets), self-custody options (software or hardware wallets), or third-party custody services. Always prioritize security by using trusted platforms and safeguarding private keys.
What drives the price of ONT?
Factors include network adoption, developer activity, market sentiment, and broader crypto market trends. Upgrades and partnerships can also positively impact the price.
Where can I trade ONT?
ONT is available on major cryptocurrency exchanges. Ensure you use platforms with strong security measures and liquidity for the best trading experience.
Note: All data is subject to change based on market conditions. Cryptocurrency investments carry risks; always do your own research before making decisions.