Ontology Tokens Surge as Binance Trades BTC, BNB & ETH

Published on 08 March 2018 by Cryptovest Staff

Binance cryptocurrency exchange announced the listing of Ontology tokens today with ONT/BNB, ONT/BTC and ONT/ETH pairs. At the time of writing, ONT/BTC is around the 16k Sats range, amounting to almost $1.62.

At the start of trading, ONT’s price was around 22k Sats, going up to a maximum of 100k, before dropping as low as 11k.

As is typical with any new coins which start trading, the price discovery takes place in steps, usually starting high and dropping low as original holders sell in bulk for profits. Now, with most of the selling done and over with, the coin is expected to find a floor and ceiling, and experience organic price movements.

As a project, Ontology Network seems to push the spirit of blockchain technology, focusing on decentralization, by allowing the creation of distributed identity verification systems, data exchange, collaboration tools and other modules aimed at benefiting communities.

Now that Binance has listed ONT, it is likely to be picked up by other exchanges, and we may see price appreciation as the Mainnet launch draws near.