AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
Highlights
- Ontology Gas (ONG) is primarily a crypto asset that is powered by the Ontology blockchain network.
- On 14 February, the ONG crypto saw a significant rally of over 30% and volume gain of over 9,443%.
- ONG token is ranked 192 and was trading at US$0.844855 with a volume of US$551,419,441 over a day on CoinMarketCap.
Ontology gas (ONG) is primarily a crypto asset that is powered by the Ontology blockchain network. Focussed to give a higher performance along with the issues of security and data integrity, the ONG crypto forms a perfect solution to the enterprises who are looking for flexibility in their operations.
ONG crypto has the ability to provide a robust cross-chain collaboration coupled with the ability to provide the Layer-2 scalability solutions technically help the organisations to speed up their operation at the same time provide flexibility of operations. By adopting a dual token model – ONT and ONG, the Ontology blockchain is able to decouple the two tokens to relieve the issues related to gas fees.
On 14 February, the ONG crypto’s price saw a significant rally of over 30% and a volume gain of over 9,000%.
Why is the ONG token rallying?
Although the exact reason for the ONG token’s rally is not known, but the Twitter buzz indicates that it could be due to its development on the NFT front. Besides, it looks like it is cashing in on the Valentine’s Day theme, the Ontology blockchain will give rewards to the holders with ONG tokens today.
Launched in 2018, the Ontology gas crypto gives user’s governance rights, which allows them to vote and have their say in the changes of the network.
Besides, it also offers staking rewards to holders and on their contribution to the security of the network upon its verification. Also, as Ontology blockchain comprises of two governing tokens – ONT & ONG -- staking of ONT tokens also help the users to earn passive ONG income for securing the network.
How high will Ontology Gas (ONG) crypto go after its latest rally ?
How is ONG token faring?
ONG token is ranked 192 and was trading at US $0.844855 with a volume of US$551,419,441 over a day on CoinMarketCap. At the time of writing, ONG coin was up by 30.32% in the last 24 hours. ONG crypto has a live market cap of US$230,743,701 and 273,116,220 ONG coins supply in circulation.
The ONG has been witnessing a bullish rally for more than a month now. In the past 14 days, it has, in fact, registered a rally of over 33% and 20% over the past seven days, according to CoinGecko.
The investors are hoping that the overall positive mood in the market will bring in more cheers to the token’s rally. Having said that, one also has to be mindful that the crypto markets are highly volatile and therefore, it is critical to do your own research before jumping into it.
