Do you remember our last ONT analysis (link down below)? We already reached level of our wave 5 from previous analysis. So WBM Team was right! Keep follows us to reach higher levels!
As it grows so rapidly with such a high volume (up to 15k Bitcoins/24h) we can expect ONT to be a real hero in 2018. In terms of market cap ONT is at 17th place. What happens if it is in TOP 3. It has to surpass Ripple in its prosperity time. Ripple's "prosperity price" was 2,5 USD/coin. It gives market cap over 98 bln USD. Taking into account ONT's market cap is now 2,44 bln USD it should make 100 bln market cap. This is a lot of money!. It can take a year, two or five. We don't know. As ONT is strongly connected with NEO and NEO had a great ride making even more profit (350X in 2017) this scenerio is likely to happen. This SOUNDS CRAZY but that is the way it can be in our crypto world. Their project IS NOT another Etheruem, it is fresh and with very small competition in this this field.
Just to remind you about ONT project:
This is absolutely massive. It has 5 white papers (3 already published and 2 to be). There was NO ICO 0.00% . The total amount of tokens is 1 000 000 000.
They already gave away around 25 % for NEO hodlers, community and attendees of dev conf.
They might reward community for following their facebook -1.21% or twitter accounts.
It is really hard to describe it all but here are the essentials:
There was no ICO 0.00% .
They launched ONT -0.15% at the beginning of March 2018. For 1 NEO one got 0.2 ONT -0.15% .
They are backed by massive team (40 people which most of them are IT senior engineers). Everyone with photo and description. info.ont.io/team/en
CEO Jun Li is also founder of Onchain startup (2014) backed by Fosun Group (Conglomerate from China)
Their goal is to incorporate blockchain into current, real existing businesses. The want to bridge real world with NEO to relieve businesses from tech development
They are strictly connected to NEO
NEO focus is public, ONT -0.15% focus is private
NEO stands for digital applications, digital new economy, ONT -0.15% stands for bridging real economy with digital economy
NEO new digital apps/businesses, ONT -0.15% wants make it possible for current business to become digital companies
They are aiming to governments, health services as well as private bussines, IoT 0.00% , people, data and many more
At protocol level and application level NEO focuses on digital assets and smart economy and ONT -0.15% focuses on trust identity, distributed data and trust with collaboration scenerios.
They want you to be in control of your data. They treat data like a gold 0.68% .
ONT wants to create separate blockchains for businesses to store their data without possibility for 3rd parties to access and view them.1 business/process one blockchain.
Token structure is similar to NEO – when you hold NEO you are paid gas and when you hold ONT -0.15% you will get ontology gas – each block 15- 20 seconds
ONT is listed on Binance, Huobi, OKEX, Gate. io
Technical analysis details:
SMA6 over SMA 20
MACD bull's cross & positive convergence
Volume Flow Index - bull's cross
Weis Wave - we are in accumulation and growth phase - we can expect small correction but it will be signal with a red bar.
Stay tuned and don't forget to follow us, comment and give a like if you agree with our idea. ************************************************************************************************************************************************************************************ HUGS. Your WBM Team
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Guys - volume is low. Weis waves are low. This is correction. Waiting for large green candle on weis wave chart.
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Small red candle - much smaller than preceding red waves - supply is spent. Waiting for bigger green candle - waiting for the demand an price increase.