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Ontology [ONT] takes a flight, shoots up by 6.24% within an hour

Priyamvada Singh

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Ontology [ONT] takes a flight, shoots up by 6.24% within an hour
Source: Pixabay

On 28th September, the price of the top-20 cryptocurrency, Ontology [ONT] shot up by 6.24% within 1 hour. The price of the token was recorded to be $2.05 at the time, with a total market capitalization of $378.5 million and a 24-hour trading volume of $77.8 million.

On studying the ONT price change in the 30-min candles, it was observed that the price shot up above the $2.113 mark at one point during the day. In the past 24-hours, the price of ONT kept climbing up with minor downturns on the way. The token was trading at a low price of $1.83 with a market cap of over $336.5 million at the beginning of the day.

However, the peak price of the day for ONT was $2.09 with a market cap of $385.4 million. Henceforth, just in a day, the cryptocurrency’s market capitalization shot up by close to $50 million. At press time, the 30-min candle of ONT has turned red, with its price down to $2.01.

Today, Ontology also announced its partnership with the Artificial Intelligence [AI] startup SenseTime. The idea of this collaboration is to build verification services on top of the Ontology’s public blockchain. The services will include the authentication of the user identity through functions such as identification documents and facial comparison, among others.

In its official partnership announcement, Ontology spoke about its mission related to originality and human growth via AI. It also mentioned its partner, SenseTime and wrote:



“With a mission of “uphold originality and let AI lead human progress”, SenseTime has built a world-class independent research and development deep learning supercomputer center, pushing out AI technologies in various industries including facial recognition, image recognition, text recognition, unmanned vehicles, and remote sensing.”

In the field of AI, this is not the only achievement bagged by the blockchain and cryptocurrency firm. Earlier this month, Ontology also received the support of Bibox that claims to be an AI-enhanced encrypted digital asset exchange.

In the same timeframe, Ontology also announced its partnership with Muzika, which is a blockchain-based digital music system to revolutionize the respective industry. Furthermore, the partner will use Ontology’s technical expertise and infrastructure to run a decentralized system in the music ecosystem.





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Priyamvada is a full-time journalist at AMBCrypto. A graduate in Journalism & Communication from Manipal University, she believes blockchain technology to be a revolutionary tool in advancing the future. Currently, she holds no value in cryptocurrencies.

Altcoins

Tron DApp Weekly Report: Gambling apps leads the surge in Tron DApp numbers

Namrata Shukla

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Tron DApp Weekly Report: Tron DApps number led by Gambling apps
Source: Pixabay

Tron, the eleventh largest cryptocurrency on CoinMarketCap, recently collaborated with Bitpie, a partnership that would help startups to bridge the gap in vulnerable financial systems. Tron’s token might be lagging in terms of performance in the market but, Tron DApps continued to surge.

The DApp weekly report released by the Tron Foundation reported an increase of 22 DApps in the Tron ecosystem, taking the total to 392. It noted that gambling DApps mainly contributed to this growth as 17 DApps were gambling-based. Decentralized exchanges followed suit, as 3 new DApps made their way into the Tron DApp ecosystem. The main highlight for the entire Tron community was the partnership with Opera, a mainstream browser.

Tron introduced a DApp ‘Lucky Moon,’ an entertainment-based DApp that pushes users to estimate the current time to run away from the imploding rocket with a specific reward rate. As the rocket takes-off, the reward rate keeps increasing and the player will have to escape at the right time. An extension of this game is ‘Tyrant Annihilation,’ where users need to collect seven types of equipment to kill a tyrant. The DApp might have taken inspiration from The Avengers.



The report made note of the fact that the Tron public chain received support from Aocoin wallet, a decentralized secure digital currency wallet. My Token, a software company that specializes in market information has been integrated into Tronscan and TRX market, leading the way to user traffic in DApps ecosystem.

At press time, Tron was valued at $0.0283 with a market cap of $1.89 billion. The 24-hour trading volume of the coin was noted to be $690.34 as it reported 6.36% growth over the past day. The coin grew by 8.80% over the past seven days, but fell by 0.44% in an hour.





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