ONT (Ontology) as Large-cap Coin is 33rd in the 2100NEWS ranking. The quality of the order book of ONT is Good. The average quality of the order book for large caps members of the NWSL100 index is 17.2. What is the true value criterion in the crypto world?
*Among all, the price is always at the forefront. By comparing with the index, we can gauge the price-performance with similar digital assets that are members of the index. Considering an investor’s point of view, peer comparison should be efficient and effective. We present you tokens that are worth keeping in mind.
ONT has been launched in 69 exchanges.
Ontology as Large-cap Coin is 33rd in 2100NEWS ranking (after Index Review of 18th December 2020). It is an Index member: NWST1100, NWSL100, NWSCo100.
2100NEWS DA Orderbook Quality Evaluation Grade: Ordinary, Score: 20.9, (Average for Large caps: 17.2)
Over the past week, the average market cap was $391.6 million; the average daily volume was $91.6 million.
In this section, we will examine how the market, with price changes, evaluates project progress. It seems important to us if the project is outside of the usual tide of crypto project prices. We gauged the ONT (Ontology) with 2100NEWS DA Coin Index (NWSCo100) to make an appropriate peer comparison. On average (violet area chart), the relationship between ONT to NWSCo100 has shown that it was weaker over the last three months. It has underperformed NWSCo100 by 62%. If we compare the ONT green area graph with the orange index area graph while observing the correlation graph, the correlation graph explains that the correlation is weak and negative (Pearson’s correlation coefficient = -0.07). However, 60% of the time, it was moving in the same direction as the NWSCo100. So, it has been a poor representative of the NWSCo100 index in terms of price changes.
*The chart below shows the ONT compared to NWSCo100 at the top, the box in the middle of the chart shows the original ONT price, and at the bottom of the chart, we see NWSCo100 and the correlation between ONT and NWSCo100.
The company has been operating for three years, and during this time, they have worked on both technical development and market visibility. And they succeeded. The purpose of Ontology is to focus on creating a sustainable and effective method for implementing decentralized identity solutions in companies. That is why they have concluded quite a few partnerships with high-profile companies. However, all their work was aimed at protecting and controlling the privacy and rights of personal users. They invest heavily in communications with the community. They have 94.1 K followers on Twitter.
About Ontology – what they do
Ontology is a high performance, open-source blockchain specializing in digital identity and data. Ontology’s unique infrastructure supports robust cross-chain collaboration and Layer 2 scalability, offering businesses the flexibility to design a blockchain that suits their needs. With a suite of decentralized identity and data sharing protocols to enhance speed, security, and trust, Ontology’s features include ONT ID, a mobile digital ID application and DID used throughout the ecosystem, and DDXF, a decentralized data exchange and collaboration framework.
Ontology’s decentralized identity framework ONT ID is based on Ontology’s decentralized identity protocol based on the W3C Decentralized Identifiers (DIDs) specifications. It can be used to generate and assign digital, cryptography-based identities to different entities such as individuals, institutions, objects, content, and so on. It supports collaborative services such as distributed and diverse ownership confirmation, identification, and authentication of the aforementioned entities. ONT ID provides a self-sovereign system of data authorization and ownership confirmation, thereby granting true control to a particular asset’s respective users.
Ontology’s Distributed Data Exchange Framework (DDXF) defines an infrastructure framework and guidelines to support comprehensive data processing and management while incorporating reasonable measures to achieve a layered, data-centric paradigm. As a result of extensive research on the characteristics of effective data processing and management systems, DDXF is focusing on the data interoperability, classification, format, and security issues that affect various stakeholders.
OScore is the first credit score for the decentralized world built with Ontology’s Decentralized Identity.
Ontology is based in Singapore. The core team consists of Jun Li (Founder), Andy Ji (Co-Founder).
Exchanges: ATOMARS, BankCEX, BCEX, Bgogo, Bibox, Bidesk, BigONE, BiKi, Binance, Binance JEX, Binance.US, BiONE, BitAsset, Bitbns, Bitcoin.com Exchange, Bithumb, BitMart, BitMax, Bitsonic, Bittrex, Bitvavo, BitZ, BKEX, CDAX, CEX.IO, CITEX, Coinall, CoinDCX, CoinEgg, CoinEx, Coinone, Coinsbit, Crypto.com Exchange, DigiFinex, DragonEX, Dsdaq, EXMO, Gate.io, HBTC, HitBTC, Hoo, Hotbit, Hotcoin Global, Huobi Global, Huobi Indonesia, Huobi Korea, Hydax Exchange, Indodax, KuCoin, LATOKEN, LOEx, Mexo Exchange, MXC.COM, OKEx, OKEx Korea, Omgfin, Paribu, Phemex, ProBit Exchange, Sistemkoin, Tokenomy, TOKOK, Upbit, VCC Exchange, VinDAX, XT, Xtheta Global, YunEx, ZG.com.
You can follow them: GitHub Reddit Twitter
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The Crypto Highlights are considered the opinion of 2100NEWS, and the material is for informational purposes only, and 2100NEWS is not soliciting any action based upon such material. The material is not to be construed as an offer or a recommendation to buy or sell a security, nor is it construed as investment advice. At the time of this article’s writing, the author did not hold any tokens ONT.