Looking at the markets tonight, it seems that Bitcoin has slowed for time being and most alts following suit.
ONT in th 1H chart is seen hitting a daily high of $.73 before slumping back to the $.69 range around 11 PM EST. This is generally how alts behave around big brother Bitcoin. When Bitcoin is in a bear mood, alts decide to take a break and hide as well.
However the good news is that ONT has room to grow even if Bitcoin doesn't hold over the $8,500 mark. Looking at ONT 7 days ago, the currency was just breakIng $.54, which when compared to the current pricing at time of writing, represents an increase of 27% in one week.
This is bullish and the chance of a sustained breakout increase if BTC rises above and hold $9,000. I could be wrong, but there is a case to be made for the $.85 range being touched in the next week as well.
Image sourced from Binance Exchange
**This is article is not not intended as nor should it be used as investment advice. This is just the opinion of the author.**
Ontology is a high performance public blockchain and distributed collaborative platform. It anables a decentralized network environment that solves key issues of identity security and data integrity. Data sharing and productive collaboration is maximized by assuring that users can trust one another.