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Home News Ontology Sees $50M Increase In Market Cap: Tech Analysis

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Ontology Sees $50M Increase In Market Cap: Tech Analysis

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Ontology had a rough 2018 after peaking in June, and the ONT symbol – already a familiar one to most avid blockchain investors – has only just started a major recovery. After soaring past the $200M market cap, Ontology has pushed through $230M and is now the 27th most valuable crypto asset – not far behind its sibling, NEO and only one place behind (ahem) Bitcoin Gold.

There are differences between Ontology and NEO blockchains. Ontology is actually a network of blockchains, rather than one single blockchain project, and it’s designed to help migrate proprietary enterprise platforms onto a distributed ledger model without compromising them.

Both blockchains are designed to run as smart contract platforms and host Dapps. Each is a direct competitor to Ethereum, and they work in partnership with each other. The major problem with Ethereum from an enterprise perspective is it’s open-source, which means major companies are hesitant to trust it with their proprietary data.

So does Ontology make sense yet? From a tech perspective, it’s a definite project to watch. But to see what Kiana sees in its future, you’ll have to watch her analysis…

 

 

DISCLOSURE

Authors at Crypto Briefing are invested in cryptocurrencies. The author of this post may be invested in digital assets mentioned here.

Kiana Danial
Kiana Danialhttps://www.investdiva.com/
Kiana is an experienced crypto and forex trader who is currently writing 'Cryptocurrency Investing For Dummies'. She is also the CEO of Invest Diva, and "Invest Diva's Guide to Making Money in Forex" was picked by McGraw-Hill and became an immediate international success.

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