Why Did Ontology (ONT) Price Rise? - 12.04.2024

Ontology offers various protocols and APIs to manage complex data exchange and authentication processes, which enables organizations to work on their own private blockchain and seamlessly integrate this technology into their existing systems. The ONT token is used to manage transactions on the network, pay service fees and ensure network security.

Over the last 24-hour period, the ONT price has risen 22% to price at 0.45 cents. This move comes on the heels of ONT's accumulation for some time. While altcoins have declined in recent days, ONT stood out due to the price movement and attracted attention. It also caused a lot of talk on social media. Experts think that the rise may have occurred due to the reaction from the support zone after the price that has been accumulating for a long time.