Ontology Gas price prediction: Strong returns possible for patient

Forecasters predict a slow 2022, but for those willing to hold, ONG could produce solid gains

ONG logo against black world map with illuminated night lights – Photo: Shutterstock                                 
ONG underpins much of the Ontology network’s functions – Photo: Shutterstock
                                

Contents

What is Ontology Gas (ONG)?

Ontology Gas is the gas token of the Ontology blockchain, a “high-speed, low-cost public blockchain bringing decentralised identity and data solutions to Web3”. Founded by Jun Li in Singapore in 2018, Ontology is an Infrastructure-as-a-Service (IaaS) offering with a number of selling points, including cross-chain functionality and privacy features through its Ontology ID protocol.

As one side of Ontology’s two-token system, ONG is used to pay transaction fees on the Ontology network. ONG is also used to pay out staking rewards to those helping to secure and stabilise the network.

ONG holders can also use the token to participate in the numerous decentralised finance (DeFi) protocols native to Ontology. For a deep look into the Ontology network, be sure to check out our complete guide. Meanwhile, what are the Ontology Gas (ONG) price predictions in the years ahead?

Ontology Gas tokenomics and price action

Ontology Gas (ONG) has a maximum supply of one billion, of which just over 304 million are currently in circulation. A recent 24-hour trading volume of $24.83m was approximately 9.7% of the $260m market capitalisation. Binance, Bithumb and Gate.io are the main exchanges supporting trading pairs.

The trading value as of 29 March was $0.85. ONG witnessed a Q4 2021 high of $1.45 on 7 October, which preceded a particularly volatile period for the token. Ultimately, ONG could not hold onto these gains, eventually dropping below the $1 point on 4 December.

At the close of 2021, ONG was trading at $0.744, around 50% of the October high. By January 31, ONG had fallen to $0.634, although a slight correction followed in the next couple of weeks.

ONG’s value trading price on 29 March was 35% below the August 2018 launch price and 42% below the 90-day high. 

So now for the Ontology Gas crypto price predictions …

Ontology Gas price prediction 2022

Going by Wallet Investor’s Ontology Gas price prediction, the token will trade sideways throughout 2022 to close at a price of $0.834, slightly below latest exchange value.

Digitalcoin has a more bullish outlook, offering an Ontology Gas coin price prediction of $1.15. In comparison, PricePrediction’s Ontology Gas price prediction forecasts a small 14% gain up to $0.97.

With a closing estimate of $1.015, Gov Capital’s Ontology Gas price prediction for 2022 suggests incremental returns of 19%.

Ontology Gas price prediction 2025

Wallet Investor’s Ontology Gas price prediction for 2025 suggests an end-of-year price of $1.941, or a 128% climb against the latest trading value.

Digitalcoin is slightly less bullish for 2025, although the forecaster’s Ontology crypto price prediction of $1.63 still amounts to just shy of double returns.

On the other hand, Gov Capital’s ONG price prediction is a bullish $5.406 for December 2025, suggesting potential returns of 536%.

PricePrediction’s ONG price prediction for 2025 sits in the middle at $2.98.

Ontology Gas price prediction 2030

Digitalcoin’s Ontology Gas price prediction for 2030 currently stands at $3.9, implying possible returns of 358%. In a more bullish reading, PricePrediction has an Ontology Gas price prediction of $18.56.

More bullish still is cryptocurrencypriceprediction.com, whose Ontology Gas coin price prediction for December 2030 is currently $34.22.

Ontology Gas price prediction: summary

Altogether, the four forecasters polled predict an average 2022 Ontology Gras price prediction of $0.99 for estimated returns of 16%, followed by an average 2025 price point of $2.98 for returns of 250%.

Looking further ahead to 2030, the average price target for ONG among three forecasts equals $18.89 for a 22-times return on investment against the current exchange value.

It should be noted that the Ontology network’s other native token, ONT, is more popular as a store of value. Regardless, ONG could produce decent returns in the long term for patient holders, although the short term looks less positive. Bear in mind that these price forecasts should not be used as the sole reason for placing an investment. Make sure to conduct proper due diligence on any investment you are weighing up.

FAQs

How many Ontology Gas are there?

There are currently 304,060,227 ONG tokens in circulation against a maximum supply of one billion.

Is Ontology Gas a good investment?

Outlook remains mixed for ONG, although the forecasters believe strong long-term gains are possible. As an investor, make sure to do your own research into the platform’s fundamentals and all available technical documentation before putting your money down.

Will Ontology Gas go up?

The digital forecasters expect incremental short-term returns, but outlook over the long term is strong. With that in mind, ONG could just as easily go down in value given market volatility. Never invest with more than you can afford to lose.

Should I invest in Ontology Gas?

We do not hand out financial advice here at Currency.com. The information in this article is intended as a neutral resource. Make sure to assess the fundamentals of the platform, as well as getting independent financial advice, before making any investment.

Further reading

The material provided on this website is for information purposes only and should not be regarded as investment research or investment advice. Any opinion that may be provided on this page is a subjective point of view of the author and does not constitute a recommendation by Currency Com or its partners. We do not make any endorsements or warranty on the accuracy or completeness of the information that is provided on this page. By relying on the information on this page, you acknowledge that you are acting knowingly and independently and that you accept all the risks involved.
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