Ontology (ONT), Binance Coin (BNB), Dogecoin (DOGE) Price Prediction: Bearish Or Bullish Hope For 2019? - Today's Gazette - Cryptocurrency, Bitcoin News
Connect with us

Ontology (ONT), Binance Coin (BNB), Dogecoin (DOGE) Price Prediction: Bearish Or Bullish Hope For 2019?

Billionaire Bitfinex Investor Wants Embattled Exchange to Launch Native Token to Tackle Ongoing Crisis

Cryptocurrency

Ontology (ONT), Binance Coin (BNB), Dogecoin (DOGE) Price Prediction: Bearish Or Bullish Hope For 2019?

Ontology (ONT) aims at communities unfamiliar with blockchain to integrate the technology into their systems seamlessly. With the recent Polaris testnet launch, crypto investors were introduced to many new ONT Coin features. One of the highlights is the smart contract technology, SmartX , which features multiple contract templates and an editor.

The consensus mechanism that Ontology Coin uses, VBFT, is a combination of Verifiable Random Function (VRF) and Proof-of-Stake. VBFT is considered more efficient than some of the existing consensus mechanisms. ONT is expected to grow in tandem with NEO, complimenting the latter with a focus on smart economy with trust building and security features. Some of the target industries of ONT include insurance, administration, IoT and finance.

Ontology (ONT) Price Prediction: Bearish Or Bullish Hope For 2019?

There are many optimistic predictions about this project. Some consider that ONT will enter the top 30 this year and that its price will be consolidated around $33 per token. However, we still do not see an important take off in its road map that allows intuiting such behavior.

Ontology (ONT) is a growing cryptocurrency, and there is no doubt, but it is anchored to the biggest Chinese project: NEO, and to a certain extent NEO depends on what happens in the cryptographic space with Bitcoin. So, if the forecasts for the main cryptocurrency are moderate, it is logical to think the same for ONT.

That is why, for our projections, we consider that the trend of Ontology (ONT) for its fundamental basis of business, development and fulfilled progress, may be bullish but moderate, as shown by the graphical indicators.

At the moment of drafting ONT, it presents a slight contraction of -0.24%, to quote in $1.01 USD per unit and occupies the position number 18 of the general ranking thanks to its almost $500 million of market capitalization.

Ontology (ONT) Price Prediction: Bearish Or Bullish Hope For 2019?

Ontology scenario is a lateral trend of prices which will be maintained until the middle of 2019, then take off the last quarter to a maximum of $3.03. Its support is at $0.533 and if it reaches the resistance level indicated for the end of the year earlier than expected, we may see the token heading to $5.41. Otherwise, it will be lost in the support area.

Its bullish trend is corroborated by the Stochastico indicator and its bullish trajectory, as well as the channel formation present in the 1D chart for ONT.

Binance Coin (BNB) Price Prediction: Bearish Or Bullish Hope For 2019?

A week ago Binance Coin (BNB) reached the number 7 position thanks to the rebound of its prices to levels of $15. At the time of writing, Binance Coin (BNB) continues testing this level of resistance to try to reach $16 and take off again.

Also Read: XRP, Tron (TRX), Ethereum (ETH) 2019 Price Prediction: Will Bitcoin Selling Pressure Cause Bearish Trend?

However, it has been showing strong resistance and it is quoted at the time of writing at $15.14 with a correction of (-0.45%) in the last 24 hours. It is located at position 7 of the global ranking, and is likely to displace Bitcoin Cash (BCH) in the medium term.

Binance Coin (BNB) Price Prediction: Bearish Or Bullish Hope For 2019?

In our previous post a week ago, we mentioned that it was the cryptocurrency with the highest profit within the group of the top ten of the ecosystem. His chart has not changed much since then and it continues to struggle to reach its immediate resistance of $16.5.

We ratify that for the rest of 2019, the outlook for Binance Coin is bullish, and it’s close to beating its year’s high at levels of R1 ($ 18) to R2 ($ 25).Binance Coin (BNB) Price Prediction: Bearish Or Bullish Hope For 2019?

The Stochastic indicator projects the scope of the overbought zone for August 2019, which would be the year’s maximum point for the token.

Dogecoin (DOGE) Price Prediction: Bearish Or Bullish Hope For 2019?

Dogecoin (DOGE) was originally created as a joke, referencing a meme about a funny looking Shiba Inu dog that gained great popularity on the Internet. It is one of the most active chains, it could even be said that it is the most active chain when market capitalization is divided by transaction activity.

The team behind the coin has done incredible things with their project, from financing jaimaquin sledge equipment for the Sochi Olympics to financing projects to build a well in rural Kenya to provide access to clean water.

Perhaps the most outstanding thing for your future is the most frequent current application as currency in websites such as Litebit, Anycoin, Suchlist, among others.

Dogecoin (DOGE) is a high-value purchase for 2019 as predicted by experts. But recently it is going through a great confusion due to the lack of Dogethereum (a bridge between the chains of dogecoin and ether), the project that has many potentials to grow. Dogecoin aims to become the default encryption for merchant payments this year, which will eventually lead to higher profits. After the live demonstration of Dogethereum, the adoption rate of DOGE has increased.

Its volume of transactions has increased steadily over time. On January 21 of this year, it witnessed an increase of $80 million in volume, something rear among most coins in the crypto winter session, except for a few as Ripple with its XRP token.

This shows that, despite the fall in prices, Dogecoin is performing better than other cryptocurrencies established in terms of daily transactions volume, which generates a solid use case for a cryptocurrency of P2P transactions.

However, due to its natural characteristic of being a bridge for exchanging other currencies, a greater change in its prices might not be expected. This means that although an increase in their prices is expected at the end of 2019 compared to the current one, the profitability is not as lucrative as that of other altcoins.

At the time of writing, DOGE presents a price of $0.002037 with an upward change of just over 0.3% to be placed within the top 30 of the general ranking, in position 28 with $241 million of stock market capitalization.

Dogecoin (DOGE) Price Prediction: Bearish Or Bullish Hope For 2019?

By the end of the year, for the foregoing, Dogecoin (DOGE) price movements will be lateral around the bands of $0.0015 and $0.0031. His trajectory, we repeat, will be bullish but very tight in margins.

Daniel is a profound technical analyst and an evangelist of Blockchain technology who resides in Venezuela. Daniel has written crypto news for the popular Altcoin magazine, and a host of others popular crypto news platform. He graduated as an Engineer from University of Oriente Venezuela, entering the cryptocurrency space after gaining financial analysis knowledge from experts across his country of residence. Contact: daniej.jimenez@todaysgazette.com

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

More in Cryptocurrency

Advertisement

Facebook

Press Release

To Top