ONT cryptocurrency, which is sometimes compared with Ethereum, surged 25% during the last week. More precisely, its growth was more impressive, but now we are observing correction. On March, 15, its price was $0.99, at the time of writing it is traded at $1.25. What were the drivers of such an increase?
The important factors that drives altcoin’s price this spring is a relatively good stability and somewhat inspiring price of the pacesetting crypto – Bitcoin.
Then, the project’s team recently partnered with MovieBloc, movie & content distribution platform based on Kmplayer & blockchain. MovieBloc is driven by a well-known Korean company Pandora.tv, so this partnership is up-and-coming.
Another factor is that Ontology has also concluded an agreement about cooperation with Fosun, a large investment holding company and international conglomerate. The blockchain platform will supply this company with some important solutions.
Well, we are looking forward to new partnerships and new updates which will push ONT’s value up again and again.