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

July 01, 2022 08:56 AM PDT | By Rupam Roy
Follow us on Google News:


  • 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.

Ontology Gas (ONG) crypto price and performanceData 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.

Risk Disclosure: Trading in cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory, or political events. The laws that apply to crypto products (and how a particular crypto product is regulated) may change. Before deciding to trade in financial instruments or cryptocurrencies you should be fully informed of the risks and costs associated with trading in the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Kalkine Media cannot and does not represent or guarantee that any of the information/data available here is accurate, reliable, current, complete, or appropriate for your needs. Kalkine Media will not accept liability for any loss or damage as a result of your trading or your reliance on the information shared on this website.


The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media LLC (Kalkine Media, we or us) and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures/music displayed/used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it, as necessary.