Crypto news involving the Bone Shibaswap (BONE), Cosmos (ATOM) and Ontology Coin (ONT) coins in the past week. What has their price performance been like and what is the future forecast? Below are all the details.
Summary
Analysis of the crypto assets Bone Shibaswap (BONE), Cosmos (ATOM) and Ontology Coin (ONT)
Recall that the BONE crypto is the token of ShibaSwap, which is the DEX of the Shiba project.
BONE is a low-cap cryptocurrency with a market capitalization of just under US$2.6 million.
Cosmos (ATOM), on the other hand, is an interesting project that aims to build a decentralized, fast, secure and cheap blockchain interoperability system to expand the capabilities of this technology.
Finally, Ontology is a relatively new public blockchain designed to enable companies with little or no knowledge of cryptocurrencies to integrate blockchain technology into their business.
Listing of crypto BONE: comparison with ATOM and Ontology
A few weeks ago, Crypto.com announced the listing of BONE against USD, or the US dollar. This news caught many by surprise, as the listing on other types of intermediaries was expected before arriving on what is in fact one of the most widely used exchanges for small retail investors.
This move by Crypto.com could provide a further boost to BONE, pending the long-awaited release of Shibarium, of which BONE will be the main token. In any case, the listing against the US dollar of the BONE token will be central within the layer 2 ecosystem of this particular sub-world of the crypto universe.
Moreover, experts expect that there will be a wave of hype similar to that of the early days of SHIB once Shibarium becomes available to all. It shouldn’t be long before the release of at least an initial beta, which many had planned for February but which evidently, at least looking at the calendar, has slipped.
Surely, if the crypto BONE generates good volume, Crypto.com will be followed by other exchanges that will be eager to list the coin.
Cosmos (ATOM) continues the bullish pattern
Apparently, Atom‘s trading price has increased by 1.12% in the past 24 hours. In addition, Cosmos‘ staking yield is still above 20%.
Atom, the token native to the Cosmos ecosystem, continues to outperform most coins in the cryptocurrency market. The coin’s price has been trading within a symmetrical triangle since June 2022.
Suddenly, the coin rose to 21st place on CoinMarketCap. The Cosmos community launched its most anticipated v9-Lambda update on 15 March with 99.9% of the votes in their favor.
Subsequently, Atom witnessed a bullish pattern that led the coin’s trading price to cross the $10 threshold. At the same time, the coin’s yield is also taken into consideration.
Yield is the practice of lending cryptographic assets in decentralized apps for rewards in tokens. Cosmos’ staking yield is still above 20%. Atom’s trading price has increased by about 4% in the past seven days.
With that, the coin’s market capitalization has reached $3 billion. According to CoinMarketCap, Atom’s trading price is $11.43, up 1.12% in the past 24 hours.
At the same time, the coin’s trading volume has decreased by 5.22% in the previous 24 hours. If the trading price continues to rise, it could reach the next level of $15.
Focus on the price of the crypto Ontology (ONT)
Ontology (ONT) is currently worth $0.296003. ONT has moved 21.21% in the past 24 hours with a trading volume of $776,559,664. In addition, the crypto is currently ranked 137 among all cryptocurrencies with a market capitalization of $264,697,222.
According to some, ONT is one of the most surprising cryptocurrencies to rise this year. In fact, the ONT price prediction for 2023 foresees a significant increase in the second half of the year, possibly reaching $0.443996.
As with other cryptocurrencies, the rise will be gradual, but no major declines are expected. The $0.414396 average price is quite ambitious, but is feasible in the near future given the collaborations and progress. ONT should have a minimum value of $0.355197.
Finally, it is worth noting that 2021 was a very good year for ONT, as there was a significant increase from the minimum price value of $0.4 to the maximum price level of $2.69. It was an increase of more than 500%.
Since then, the price of ONT has fluctuated somewhat sideways, except that it has increased slightly due to the current surge in the cryptocurrency market.
Strong support is indicated around the expected average price of $0.43, and significant resistance is expected at the high of $1.04 from the current price level. Since 2021, the price value has maintained this support level, which is encouraging for investors.
