ONT recorded its biggest gain with a 26% surge as the new eco-friendly DePIN cryptocurrency eTukTuk surpassed $3 million.

adminApril 22, 2024

join us telegram A channel to stay up to date on breaking news coverage

Ontology’s price has surged 26% in the past 24 hours, trading at $0.4565 as of 3 a.m. ET, with trading volume surging 382% to $380 million.

Ontology’s price surge comes shortly after the project announced the launch of a $10 million initiative to revolutionize decentralized identity (DID). Users were also invited to learn more about technical tutorials and integration opportunities, and to take a closer look at DID training materials.

🌟 Interesting news, #ontology!
We’re launching a $10 million initiative to innovate. #DecentralizedIdentity!
🚀 Learn more #did Training, technical tutorials, and integration opportunities. Join us and shape the future of digital identity!
➡️ https://t.co/hx9fD7sQ6P #ONTS 🌐 pic.twitter.com/vr5TW8gA9W
— Ontology #BUIDL4Web3 (@OntologyNetwork) April 22, 2024

According to CryptoBubbles, ONT is up 43.2% over the past seven days, recording the highest weekly gain among the top 100 cryptocurrencies.

Ontology Price Prediction

The altcoin’s weekend surge may have stemmed from other announcements made on April 19, including the release of key insights from Paris Blockchain Week 2024, the launch of a giveaway via Lovely Wallet, and the reaching of a major milestone in its own development.

🚀 This week #ontology:
Key Insights Revealed #PBW2024Sweepstakes Starts @lovely_wallet, a major development milestone has been achieved! 🌐
Check out our latest weekly report: https://t.co/nva1gQRE6z pic.twitter.com/8oDiFDs0a6
— Ontology #BUIDL4Web3 (@OntologyNetwork) April 19, 2024

Ontology Price Prediction

Ontology price has surged over the past 24 hours, but right now traders are wondering if the project has the potential to go higher or if the surge will end here. That’s why many people turn to technical indicators for hints about what’s to come.

For example, the project’s Bollinger Bands have suddenly narrowed, which is a bearish signal that suggests the price will fall soon.

Ontology Price Prediction 2

At the same time, Ontology’s Relative Strength Index (RSI) value has reached overbought territory in the past few hours and is currently falling rapidly. Previously, the RSI value had risen to 69.59, but at the time of writing, it is falling towards 60.

These two signals suggest that the token will likely see a correction in the coming hours. However, traders should keep in mind that there is no guarantee that the price will correct. Broader market sentiment could have a big impact on what happens next, and with many cryptocurrencies currently trading in the green, ONT may only see a minor correction before bouncing back again.

This means that a trader’s actions will affect what happens next. This means that those who move based on technical indicators could potentially see the same signals and decide to take profits, causing the price to fall in the coming hours.

A promising alternative to ontology

Ontology delivered big returns to holders last week, but there are other alternatives worth considering.

Many people seek refuge from volatility by pursuing cryptocurrencies that are still in pre-sale but have great future potential. One such project is eTukTuk (TUK), a project that aims to help revolutionize sustainable transport in developing countries.

eTukTuk combines electric vehicles, blockchain technology and artificial intelligence to provide AI-powered Tuk Tuks that not only improve traffic conditions but also reduce users’ carbon emissions.

The goal is to supply products first to developing countries and then to countries around the world. The idea is to build the charging infrastructure of the future and deliver power via blockchain.

📢📢 Exciting Announcement 📢📢
We’re excited to announce that our long-awaited game, Crazy Tuk Tuk Taxi, is now available on the App Store.
Complete quests, earn rewards and compete in thrilling races 🙂
Download now: https://t.co/E2rb7J8r2e pic.twitter.com/XXgV8Wgz0Y
— eTukTuk (@eTukTukio) April 21, 2024

In addition to the growth potential of TUK tokens, users can also purchase and stake them for 87% annual rewards.

The project is also releasing a Play-To-Earn (P2E) game where players race through the streets of Sri Lanka, picking up and dropping off customers who need to get somewhere quickly. The faster you drive, the more you earn.

TUK token recently reached the milestone of $3 million in funds raised and currently stands at over $3.14 million.

The project’s TUK token sells for $0.0305 and can be purchased with ETH, BNB, USDT or credit/debit cards. There will be a price increase in a little over 8 days, so if you are interested in the project, buy it quickly.

Visit the TUK official website.

99Bitcoins (99BTC) – Learn how to earn new tokens