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Ontology

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The Ontology price jumped 26% in the last 24 hours to trade at <a href="https://coinmarketcap.com/currencies/ontology/" rel="noopener noreferrer nofollow">$0.4565</a> as of 3 a.m. EST on trading volume that skyrocketed 382% to $380 million.
Ontology’s price surge came soon after the project announced the launch of a $10 million initiative to revolutionize Decentralized Identity (DID). It also invited users to dive into its tech tutorials and integration opportunities and delve deep into DID educational materials.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 🌟 Exciting news, <a href="https://twitter.com/hashtag/Ontology?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Ontology</a>!
 We're launching a $10M initiative to revolutionize <a href="https://twitter.com/hashtag/DecentralizedIdentity?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#DecentralizedIdentity</a>!
 🚀 Dive into <a href="https://twitter.com/hashtag/DID?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#DID</a> education, tech tutorials, &amp; integration opportunities. Get involved &amp; shape the future of digital identity!
 ➡️ <a href="https://t.co/hx9fD7sQ6P" rel="noopener noreferrer nofollow">https://t.co/hx9fD7sQ6P</a> <a href="https://twitter.com/hashtag/ONTID?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#ONTID</a> 🌐 <a href="https://t.co/vr5TW8gA9W" rel="noopener noreferrer nofollow">pic.twitter.com/vr5TW8gA9W</a>
 — Ontology #BUIDL4Web3 (@OntologyNetwork) <a href="https://twitter.com/OntologyNetwork/status/1782300524261372377?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 22, 2024</a>
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ONT is also the top weekly gainer among the biggest 100 cryptos with a 43.2% increase in the past seven days, according to CryptoBubbles.
<img decoding="async" class="aligncenter size-full wp-image-510324" src="https://insidebitcoins.com/wp-content/uploads/2024/04/Ontology-Price-Prediction.png" alt="Ontology Price Prediction" width="1082" height="467" srcset="https://insidebitcoins.com/wp-content/uploads/2024/04/Ontology-Price-Prediction.png 1082w, https://insidebitcoins.com/wp-content/uploads/2024/04/Ontology-Price-Prediction-300x129.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/04/Ontology-Price-Prediction-1024x442.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/04/Ontology-Price-Prediction-768x331.png 768w" sizes="(max-width: 1082px) 100vw, 1082px">
The altcoin’s weekend surge may have come from other announcements made on April 19, including unveiling key insights from Paris Blockchain Week 2024, launching a giveaway with Lovely Wallet, and reaching its own major milestones in <a href="https://medium.com/ontologynetwork/ontology-weekly-report-april-9th-15th-2024-de0973401481" rel="noopener noreferrer nofollow">development</a>.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 🚀 This week at <a href="https://twitter.com/hashtag/Ontology?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Ontology</a>:
 Unveiling key insights from <a href="https://twitter.com/hashtag/PBW2024?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#PBW2024</a>, launching a giveaway with <a href="https://twitter.com/lovely_wallet?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@lovely_wallet</a>, and achieving major milestones in development! 🌐
 Dive into our latest weekly report:<a href="https://t.co/nva1gQRE6z" rel="noopener noreferrer nofollow">https://t.co/nva1gQRE6z</a> <a href="https://t.co/8oDiFDs0a6" rel="noopener noreferrer nofollow">pic.twitter.com/8oDiFDs0a6</a>
 — Ontology #BUIDL4Web3 (@OntologyNetwork) <a href="https://twitter.com/OntologyNetwork/status/1781249281577431234?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 19, 2024</a>
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<h2 id="ontology-price-prediction">Ontology Price Prediction</h2>
The Ontology price soared over the last 24 hours, but right now, traders are wondering whether the project has the potential to go even higher, or if this is where its surge will end. This is why many are turning to technical indicators for hints of what is to come.
For example, the project’s Bollinger bands have suddenly narrowed, which is a bearish signal that suggests an upcoming price drop.
<a href="https://www.tradingview.com/x/MgpAego1/" rel="noopener noreferrer nofollow"><img decoding="async" class="aligncenter size-full wp-image-510322" src="https://insidebitcoins.com/wp-content/uploads/2024/04/Ontology-Price-Prediction-2.png" alt="Ontology Price Prediction 2" width="1794" height="903" srcset="https://insidebitcoins.com/wp-content/uploads/2024/04/Ontology-Price-Prediction-2.png 1794w, https://insidebitcoins.com/wp-content/uploads/2024/04/Ontology-Price-Prediction-2-300x151.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/04/Ontology-Price-Prediction-2-1024x515.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/04/Ontology-Price-Prediction-2-768x387.png 768w, https://insidebitcoins.com/wp-content/uploads/2024/04/Ontology-Price-Prediction-2-1536x773.png 1536w" sizes="(max-width: 1794px) 100vw, 1794px"></a>
At the same time, Ontology’s Relative Strength Index (RSI) value has reached the overbought zone in the past few hours, and is now rapidly descending. Previously, the RSI value went up to 69.59, but at the time of writing, it is descending toward 60.
Both of these signals suggest that the token will see a correction in the hours to come. However, traders should keep in mind that there is no guarantee that the price will correct. The broader market sentiment could also have a great impact on what will happen next, and with many cryptos currently trading in the green, ONT might see only a slight correction before bouncing back up.
In other words, the traders’ behavior will affect what will happen next. With that said, those who make their moves based on technical indicators could potentially see the same signals and decide to take profit, thus knocking the price down in the hours to come.
<h2 id="promising-alternative-to-ontology">Promising Alternative to Ontology</h2>
While Ontology brought great returns to its holders over the last week, there are other alternatives worth considering.
Many seek shelter from volatility by going after cryptocurrencies that are still in presale, but with great future potential. One such project is <a href="https://insidebitcoins.com/visit/etuktuk" rel="noopener noreferrer nofollow">eTukTuk (TUK),</a> a project that aims to help revolutionize sustainable transport in developing nations.
<iframe title="New 10X Potential Green AI Crypto?! - eTukTuk Transport Crypto" width="640" height="360" src="https://www.youtube.com/embed/mZAqetFzMh4?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
eTukTuk combines electric vehicles, blockchain technology, and Artificial Intelligence to deliver AI-powered Tuk Tuks that can improve not only traffic conditions but also reduce the users’ carbon footprint.
Its goal is to deliver its product to developing nations first, and then to countries worldwide. Its idea is to build the charging infrastructure of tomorrow and power it with blockchain.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 📢📢 EXCITING ANNOUNCEMENT 📢📢
 We are thrilled to announce that our awaited game, Crazy Tuk Tuk taxi is now also available on the App store 🤩
 Complete quests, earn rewards and compete in thrilling races 😎
 Download now:<a href="https://t.co/E2rb7J8r2e" rel="noopener noreferrer nofollow">https://t.co/E2rb7J8r2e</a> <a href="https://t.co/XXgV8Wgz0Y" rel="noopener noreferrer nofollow">pic.twitter.com/XXgV8Wgz0Y</a>
 — eTukTuk (@eTukTukio) <a href="https://twitter.com/eTukTukio/status/1781951213673803976?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 21, 2024</a>
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Apart from just the TUK token’s potential for growth, users can also buy and stake it for 87% annual rewards.
The project is also launching a Play-To-Earn (P2E) game in which players race round the streets of Sri Lanka while picking up and dropping off customers who need to be somewhere fast. The quicker you drive, the more you’ll earn.
The TUK token recently blasted through the $3 million milestone in funds raised, which now stand at more than $3.14 million, and counting.
The project’s TUK token sells for only $0.0305, and can be bought with ETH, BNB, USDT, or credit/debit card. There will be a price increase in a little more than eight days, so buy soon if you are interested in the project.
<a href="https://insidebitcoins.com/visit/etuktuk" rel="noopener noreferrer nofollow">Visit TUK official website.</a>
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Ontology Price Prediction: ONT Is The Top Gainer With 26% Surge As New Eco-Friendly DePIN Crypto eTukTuk Smashes Past $3M

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