Ontology Gas Price Prediction 2024: Can Bitget Listing Boost ONG?
What's next for Ontology Gas?
Key Takeaways
- Bitget announced the listing of Ontology Gas’s ONG token.
- Users can participate in mining activities by staking their tokens on PoolX until May 4.
- One price prediction expects it to reach $5.00 in 2025.
The cryptocurrency exchange and Web3 company Bitget has unveiled the addition of Ontology Gas’ token, ONG, to its PoolX platform. Positioned within the Innovation Zone’s public chain sector, ONG promises lucrative incentives exceeding $20,000 for users engaging in token staking.
Users can actively participate in mining activities by staking their tokens on PoolX. The mining period is now underway and will persist until May 4, 2024.
Can this news help ONG’s price growth?
Ontology Gas did not respond to a request for comment.
But what is Ontology Gas (ONG)? How does It work? Let’s find out, and we can also look at some of the Ontology Gas Price Predictions that were being made as of April 25, 2024.
Ontology Gas Coin Price Prediction
Let’s examine some of the Ontology Gas price predictions made on April 25, 2024. It is crucial to remember that price forecasts, particularly for a potentially volatile asset like cryptocurrency, often turn out to be inaccurate. Additionally, please remember that many long-term crypto price predictions are generated using algorithms, which means they can change at any time.
| 2024 | 2025 | 2030 | |
|---|---|---|---|
| Prediction #1 | $1.53 | $1.78 | $5.22 |
| Prediction #2 | $1.31 | $5.00 | $4.25 |
| Prediction #3 | $1.15 | $1.67 | $10.87 |
First, CoinCodex had a short-term Ontology Gas price prediction that saw the coin go to $0.615325 by April 30 before jumping to $0.707714 by May 24. The site’s technical analysis was bullish, with 27 indicators sending encouraging signals and three making a bearish one.
Ontology Gas Price Prediction for 2024
DigitalCoinPrice said Ontology Gas would reach $1.53 this year, while CoinDataFlow expects it to be at $1.31, and PricePrediction.net said ONG would close the year at $1.15.
Ontology Gas Price Prediction for 2025
PricePrediction.net said Ontology Gas would reach $1.87 and CoinDataFlow sees it at $5.00. DigitalCoinPrice said ONG would trade at $1.78.
Ontology Gas Price Prediction for 2030
Moving on to a more long-term Ontology Gas price prediction, CoinDataFlow said the coin would be worth $4.25 in 2030 and PricePrediction.net expects it to be $10.87. DigitalCoinPrice made an ONG price prediction of $5.22 at the start of the next decade.
Google Gemini AI Price Prediction for Ontology Gas (as of April 25)
Google’s Gemini AI platform gave the following price prediction for Ontology Gas on April 25. Please remember that the exact price prediction of an asset or cryptocurrency in the future is nearly impossible to achieve. Additionally, artificial intelligence price predictions are predicated on past performances and are not entirely accurate.
Short Term (Next three months)
- Expected price: $1.03
- Factors to Consider:
- Overall market trends: The price of Bitcoin and other major cryptocurrencies can significantly impact the price of altcoins like ONG.
- Ontology network developments: Any major news or updates from the Ontology team could affect the price.
- Adoption and usage: Increased use of ONG for transactions and gas fees on the Ontology network could drive the price up.
Medium Term (Next six months)
- Expected price: $1.03
- Factors to Consider:
- Market Trends: The overall trend of the cryptocurrency market can significantly impact ONG’s price.
- Ontology Network Developments: News and updates about the Ontology network’s development and adoption can influence price.
- Regulations: Regulatory changes from governments can affect the entire cryptocurrency market.
Long Term (Next five years)
- Expected price: $2.74
- Factors to Consider:
- Overall cryptocurrency market trends: If the cryptocurrency market experiences a bull run, Ontology Gas could see significant price increases. Conversely, a bear market could lead to price drops.
- Adoption of the Ontology network: Increased use of the Ontology blockchain for decentralized applications (dApps) and other purposes could drive demand for Ontology Gas, potentially increasing its price.
- Developments on the Ontology platform: New features and functionalities on the Ontology platform could attract more users and developers, potentially impacting the price of Ontology Gas.
Ontology Gas Price History
Let’s now look at some of the highlights and lowlights of the Ontology Gas price history . While past performance should never be taken as an indicator of future results, knowing what the coin has done can help give us some very useful context when it comes to either making or interpreting an Ontology Gas price prediction.
When Ontology Gas first came onto the open market in August 2018, it was worth $1.3061. It then jumped to its all-time high of $2.6546 in September the same year, before decreasing for quite the whole of 2019 and 2020. It regained a bit in early 2021, when it increased to $1.3146 in April that year, before starting a rollercoaster movement that brought the token to end 2021 at $0.7571.
2022 was another negative year for ONG, spent all around the value of $0.30, and the same thing happened in 2023. This year, it increased a bit, going to $0.6610 on the Bitget listing news on April 25, 2024.
At that time, there were 376.7 million ONG, out of a total supply of 1.00 billion. This gave Ontology Gas a market cap of about $248.9 million, making it the 242nd largest crypto by that measurement.
Is Ontology Gas a Good Investment?
It is hard to say. The coin has been around for about six years now and, despite coming out in September 2018, its price has decreased notably since its launch.
As ever with crypto, you will need to make sure you do your own research before deciding whether or not to invest in Ontology Gas.
Will Ontology Gas go up or down?
No one can really tell right now. While the Ontology Gas crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind, too, that prices can, and do, go down as well as up.
Should I invest in Ontology Gas?
Before you decide whether or not to invest in Ontology Gas, you will have to do your own research, not only on ONG, but on other, related, coins and tokens such as Ethereum (ETH) and Solana (SOL). Either way, you will also need to make sure that you never invest more money than you can afford to lose.
Ontology Gas (ONG) Explained
How Ontology Gas Works
ONG operates as the value-anchoring utility token for on-chain applications and transactions. This approach mitigates the risk of turbulent fluctuations in the native asset value, ensuring a stable and efficient ecosystem.
Ontology Gas Attention Tracker
FAQs
Will Ontology Gas reach $10?
It might, but not soon. While DigitalCoinPrice and CoinDataFlow don’t expect it to reach a double-figure value in a decade, PricePrediction.net sees it hitting $10 in 2030.
Whats is Ontology Gas?
Ontology Gas (ONG) is one of the two tokens enabling the Ontology network. ONG is distributed on a pro rata basis when ONT is staked and is required to cover on-chain transaction fees. It can be stored in the Ontology wallet and is further integrated in the respective ecosystem.
Disclaimer
Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
