Ontology coin is a native coin of the ontology blockchain that can be transferred from one smart contract address to another .The transaction will reach the second smart contract address upon being verified by the validators running the network. In order for the transaction to be initiated into the network,the first smart contract address must pay a transaction fee in form of ontology gas. This gas fees goes to the validators running the network and who first initiates the transaction.Because of this,ontology coin is being considered to be a decentralized utility coin asset. As a utility coin asset,tokens of different dapps can be converted to it after which ontology can be converted to other cryptocurrencies such as bitcoin and ethereum in several exchanges where it is being listed. When an ICO was being conducted in early 2018, one ontology coin was going for $0.2. Within a very short period of time,the price of ontology shoots all the way to above $10 thus profiting investors who took part in ICO and were holding it by that time. The price then went down again to $0.6. Currently,one ontology coin is trading at around $0.6. The increase in price was due to the increase in the liquidity of ontology coin. The decrease in price back to $0.6 was due to dumping of ontology coin in several exchanges by investors who had taken part in ICO and were holding it by that time. The future price of ontology coin can further be explained based on its liquidity as follows;

Liquidity of ontology

Ontology coin can be considered to be highly liquidity when most of it is being decentralized to several smart contract address and less liquidity when most of it is being centralized to few smart contract address. Ontology can be considered to be highly liquidity since it is being decentralized to several smart contract address.Our liquidity for ontology will be based on its listing to several cryptocurrency exchanges. Here are some of the cryptocurrency exchanges where ontology is being listed making it to have a high liquidity thus very stable coin;

a. huobi global

Huobi global is a China based cryptocurrency exchange with a daily 24 hour volume of over $500 million. In huobi global exchange,ontology coin is listed in terms of bitcoin ,in terms of Ethereum and in terms of USDT. Being abbreviated the pairs become ONT/BTC, ONT/USDT, and ONT/ETH. In terms of USDT, over 1 million ONT is being traded on a daily basis on the platform while in terms of BTC,over 100,000 ONT coin is being traded on a daily basis. On the other hand,in terms of ETH,over 20,000 ONT is being traded on a daily basis. If the same is happening to it in several exchanges where it is being listed,then it is making it to be highly liquidity thus stabilizing its price.Because of this,its price can slightly move upward or downward. The explanation for other exchanges will just be similar and thus we will consider listing them instead of explaining them in the same manner that we have done to huobi global. Here is a list of other exchanges where ontology is being listed thus making it to be highly liquidity.

b.kucoin

c.gate.io

d.Atomars

e.okex

f. hitbtc

g.binance

h.coinex

i.bitmax

j.digifinex

k. hotbit

The above exchanges can affect the bullish and bearish market behaviour for ontology coin. This bullish and bearish behaviour based on its liquidity is further being explained as below;

1. Ontology bullish market based on its liquidity

In a bullish market condition,ontology coin will be considered to be moving in an upward market direction. When an ICO for ontology coin was being conducted in early 2018,one ontology was going for $0.2. In a very short period of time,the price rises all the way to $10 and later dropped to $0.6. Currently,ontology coin is trading at around $0.6. The increase in price from $0.2 to $10 was due to the increase in its mass adoption thus further decentralizing it to several smart contract address in several cryptocurrency exchanges. The drop in its price back to $0.6 was due to several users as well as early investors dumping the coin in several exchanges.In the near future,if more cryptocurrency exchanges entering the industry will further continue to decentralize the ontology coin by listing it in their exchange,then it will continue to become scarce in its blockchain thus causing its price to increase. The analysis of ontology coin is being indicated as from the candlesticks chart below;

The above analysis represents that of Ontology. In the analysis,two points are being indicated. There is point A and point B. Before point A, the ontology coin can be seen to be trending in an upward market direction all the way to $0.6300. This increase in price was due to the increase in the number of exchanges listing ontology in the platform in terms of other cryptocurrencies such as bitcoin for trading thus making it to become scarce in its blockchain. Because of this,its demand increases thus causing its price to go all the way to $0.6300 as indicated earlier. The price then falls to point A at $0.6100. This slightly decrease in price was due to a dumping by several Dapp users in the ontology network. They are trying to dump it because it is their income which they have received from several Dapps on the platform. More exchanges entering the industry then list the ontology coin to their platform thus creating its demand again.Because of this,its price rises again to point B at above $0.6300. In the near future,if more exchanges entering the industry will continue to list the ontology coin to their platform,then it will further becomes inefficiency thus causing its demand to increase again thus causing its price to rise further to above point B. In one year from now,there is possibility of the ontology coin to rise all the way to $2. As an investor,this is the right time to purchase the ontology coin and hold it until one year time is over.

2. Ontology bearish market based on its liquidity

In a bullish market condition,ontology coin will be considered to be moving in an upward market direction. When an ICO for ontology coin was being conducted in early 2018,one ontology was going for $0.2. In a very short period of time,the price rises all the way to $10 and later dropped to $0.6. Currently,ontology coin is trading at around $0.6. The increase in price from $0.2 to $10 was due to the increase in its mass adoption thus further decentralizing it to several smart contract address in several cryptocurrency exchanges. The drop in its price back to $0.6 was due to several users as well as early investors dumping the coin in several exchanges.In the near future,if existing exchanges start to delist ontology from the platform due to several factors such as users and developers exiting the network due to high fees charged,then the price will decline since the liquidity will also decline.The future price analysis of ontology coin based on its liquidity is being indicated as from the candlesticks chart below;

The above analysis represents that of Ontology. In the analysis,two points are being indicated. There is point A and point B. Before point A, the ontology coin can be seen to be trending in a downward market direction all the way to $0.6100. This decrease in price was due to several existing exchanges starting to delist the coin due to several factors such as high transaction cost which is causing many developers together with their community member to exit the network and shift to a better network with lower fees that will not affect their revenue.As a result,the liquidity also decline since the surplus in the ontology network has increased. This causes the price to decline all the way to $0.6100 as indicated from above earlier. Existing Dapps and users in the network then purchase some ontology coin in few remaining exchanges to perform few tasks like staking and creating the token of their Dapps. This causes the price to slightly increase to point A at $0.6300. More exchanges then continue to delist the coin since many developers are exiting the network together with their users due to a decline in the revenue of their Dapps. Because of this,the price further declines to point B at below $0.6100. In one year time,if more existing exchanges will continue to delist the coin due to factors stated above,then the coin will further decline its liquidity thus causing its surplus to further increase in its network.The price can go as low as $0.4. This is unlikely to happen though we had to make our bearish analysis.If you think it can happen,then you can sell your ontology that you are holding at $0.6

Summary

ontology coin conducted its ICO in early 2018. At that time, one ontology coin was going for $0.2. Within a very short period of time,the price went as high as $10 but later dropped to $0.6. The increase in price was due to the increase in the number of exchanges listing it thus increasing its liquidity. The drop again of its price was due to several Dapp users on ontology platform as well as early investors dumping the coin in several exchanges in order to profit from its high rise price.Therefore,we can say that an increase in the listing of ontology coin by several exchanges will result to an increase in its liquidity thus creating a demand for it since it will become scarce in its network thus causing its price to rise. On the other hand,an increase in its delisting by several exchanges will result to a decrease in its liquidity thus causing its surplus to increase in its network thus causing its price to drop.

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