Review on Ontology by Aaron Robetson
Will ONT Collide With NEO In The End?
Besides the general value given this operating system has similar values as NEO.
My overall safety ranking I would give this would have to be a 7.5/10
I remember a while back when this coin was ranked 68 which its current ranking is 25 now. I would have given this a 4.5 back then but it has conquered challenges rather nicely.
Competition
Competition is not always a bad thing as it shows a real need for the technology in question but what truly makes them stand out then the rest especially its partners?
Conclusion
Through ONT definitely has a serious upper hand in the crypto space considering the parent company OnChain which was selected to be apart of the Microsoft Accelerator. This technically means that Microsoft will most likely dedicate funds and resources like marketing tools ect. to expand the project even bigger, which is a plus. It's really hard for any company to get a better deal than that, thus why I said it gives them an upper hand.
Ontology's team is quite large, and they have a huge range of academic achievements as well as skills.
The true question will be if ONT will be enough for the every day business for today and tomorrows future. Will partnerships clash and collide while breaking through new rankings or will NEO & ONT make a pact to both finish at the top or will one leave behind the other?
Charts Bullish or Bearish?
Ontology hit record highs of $11.18 on May 6,2018 and in this last year of 2019 heading into 2020.
ONT seems to stay under the 2 dollar mark.
Will it break 2 dollars heading into 2020?
Defiantly had some Bullish moves in the beginning of the year in February 20, 2019 ONT, then ONT started becoming Bearish for 6-7 months. Now I would not day trade this if you wanted to make a quick buck. I would play the patient move and use the investor mentality by simply investing here and there when and if you can lock yourself at a good price and hold if not I would be patient until the Bullish moves begin in this up and coming year.
- Good foundation as a whole team.
- ONT is backed by its parent company OnChain which was selected to be part of the Microsoft Accelerator.
- ONT partnered with Onchain which made a name for themselves by working on the NEO project. I would say that's another pro!
- Developers give Ontology an edge in the competitive world!
- Ontology launched unique and efficient multi consensus mechanism called VBFT, DBFT, RBFT, SBFT, PoW
- Business can greatly utilize their technology especially entrepreneurs.
- I personally think that they made the right move to partner up with NEO. Sometimes a company that has a strategic strategy says something.
- Strong and well designed backing.
- ONT infrastructure supports a complete distributed ledger system, including core distributed ledger, smart contract system, cross-chain solution, sharing and security system.
- Red flag, unfortunately anything backed by the Chinese government is a red flag, at least to me. We still are not 100% certain what the Chinese government truly wants to do in the crypto space not saying these companies wont give you somewhat of a great ROI or turn up to be the next big thing. All I'm stating is that you need to have 100% confidence and trust when it comes to any system of currencies. So can you fully trust China's government since they are basically anti-cryptoish?
- Will ONT clash with NEO, since this is all about beating other competition in the end, they do have similar models that behave in the blockchain
- It has very many competitors within the space of smart contracts
- Competition with identity platforms as well.
