Ontology Gas (ONG) crypto soars over 7%; know why

Image Source: © Alexanderushkevich | Megapixl.com

Highlights:

  • Ontology celebrated the fourth anniversary of its mainnet launch on June 30.
  • It saw the highest price of US$0.7114 in the last 30 days.
  • The ONG token is available for trading on exchanges like Binance, DigiFinex, etc.

The Ontology Gas (ONG) crypto jumped over 7% on Friday morning amid a recovery in the global cryptocurrency market. ONG’s trading volume soared more than 55% in the last 24 hours.

What is Ontology Gas (ONG) crypto?

Ontology is a high-performing, open-source blockchain specializing in digital identity and data. Its infrastructure supports cross-chain collaboration and Layer 2 scalability.

It offers businesses the flexibility to design a blockchain that suits their requirements.

Ontology provides a mobile digital ID app and a decentralized identifier (DID) called ONT ID.

Its portfolio includes decentralized identity and data sharing protocols that boost speed, security, and trust. It also offers a decentralized data exchange and a collaboration framework, DDXF.

Ontology has two utility tokens, ONT and ONG. ONT functions as a staking tool, and ONG is used as a value-anchoring toll for on-chain apps.

The ONG token can be traded on exchanges like Binance, MEXC, DigiFinex, etc.

Ontology celebrated the fourth anniversary of its mainnet launch (mainnet version 1.0) on June 30.

It has recently announced the launch of OWN (Ontology Web3 Network) Infrastructure. OWN is a series of blockchain protocols and products built by Ontology for Web3 applications.

Data Source: CoinMarketCap.com

Bottom line:

The ONG crypto was priced at US$0.3648 at 10:38 am ET on July 1, up 7.79%, while its volume for the last 24 hours jumped 55.87% to US$11.76 million. It has a market cap of US$114.05 million, and its fully-diluted market cap is US$364.79 million.

The company has a maximum and total supply of 1 billion, and its current circulating supply of 312.65 million. It saw the highest price of US$0.7114 and the lowest price of US$0.2916 in the last 30 days.

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