#创作者冲榜

Why did the main body, which had been silent for six years, surge in price?

In the crypto circle over the past few years, there has been a saying: "Trade new tokens, not old ones." Tokens issued before 2019 are now few and far between that people can still name (except for LTC, DOGE, EOS, and similar), and those that have experienced significant rises today are even rarer. However, the main body (ONT)—a project launched in February 2018—managed to do so, with a short-term increase of over 300% within just a week, and it is still rising. Its last major surge was in November 2020. So how did it manage to "revive" so quickly after six years? Let’s talk about it.

👉 Market Review

Recently, Ontology (ONT) has sparked a wave of rapid price increases in the cryptocurrency market. From March 24 to 25, ONT’s single-day increase soared up to 80%, with trading volume surging over 3000%. The price once touched $0.06235, nearly doubling from previous lows. On March 30, after a brief correction, the market volume increased again, pushing the price higher. As of 3 p.m. today, the price closed at $0.104, with a weekly increase of over 300%.

👉 Introduction to Ontology (ONT)

Ontology (ONT) is a public blockchain focused on digital identity and data trust. Its native token is ONT, aiming to build a decentralized "trust infrastructure." Ontology’s architecture supports a network of public chains; besides providing basic public chain services, it also supports customizing different public chains for various applications through its blockchain framework, and facilitates chain network collaboration via different protocol groups.

As a technically grounded public chain, its core highlights include:

• Scalable lightweight universal smart contracts

• Support for scalable WASM contracts

• Cross-chain interaction protocols

• Support for multiple encryption algorithms

• Highly optimized transaction processing speed

• P2P encrypted connection links

• Fast block generation times

👉 Multiple Factors Resonating to Trigger a Surge

(1) Policy Wind: Strong Push from the EU eIDAS 2.0

The advancement of the EU eIDAS 2.0 digital identity framework is the key catalyst for ONT’s recent surge. The EU plans to launch digital identity wallets for 450 million citizens by the end of 2026, pushing decentralized identity (DID) technology into the spotlight. As a public chain project focused on decentralized identity, Ontology’s technology aligns closely with the EU’s digital identity strategy.

The implementation of the eIDAS 2.0 framework will create broad application scenarios and market opportunities for decentralized identity technology. As the native token of Ontology’s public chain, ONT will play an important role in this ecosystem, including paying transaction fees and participating in governance. Market expectations suggest that as the EU’s digital identity projects are implemented, demand for ONT will increase significantly, driving up its price.

(2) Capital Driven: Frenzied Influx of Korean Retail Funds

In this recent surge of ONT, Korean retail investors have been a major driving force. Data shows that over 40% of ONT trading volume comes from Korean exchanges, with retail investors’ concentrated buying becoming a key factor in the price increase. Korean investors have always maintained high enthusiasm for the crypto market, adept at catching market hot spots and exhibiting strong FOMO-driven trading.

When ONT gained attention due to the EU digital identity concept, Korean retail investors quickly perceived investment opportunities and flooded into the market, buying large amounts of ONT. This concentrated buying behavior caused demand to spike sharply in a short period, and the imbalance between supply and demand directly led to the price surge. Additionally, the high trading volume on Korean exchanges further attracted investors from other regions worldwide, creating a positive feedback loop of capital inflow.

👉 Can the Uptrend Continue? Risks and Opportunities Coexist

(1) Supporting Factors: Continuous Empowerment by Technology and Policy

Although ONT’s recent increase is substantial, it still has some long-term support factors. First, the EU eIDAS 2.0 digital identity framework’s promotion is a long-term process. As projects gradually land, the application scenarios for decentralized identity technology will expand continuously. As a pioneer in this field, Ontology will continue to benefit from industry development.

Second, Ontology’s own technological strength is also a key support. The platform features high performance, high security, and strong scalability, providing a stable underlying infrastructure for decentralized identity applications. With ongoing technological upgrades and optimizations, Ontology’s ecosystem will improve steadily, further enhancing ONT’s value.

(2) Risk Factors: Market Volatility and Profit-Taking Pressure

However, ONT’s upward momentum also faces risks. First, the cryptocurrency market itself is highly volatile, with prices easily affected by market sentiment and policy changes. The recent surge has accumulated a large amount of profit-taking, and if negative news or shifts in investor sentiment occur, a sharp correction could happen.

Second, although the EU digital identity project offers development opportunities for ONT, the project’s implementation may face technical difficulties and policy adjustments. If progress falls short of expectations, market confidence in ONT could be undermined, affecting its price trend. Additionally, competition in the crypto space is fierce, with other decentralized identity projects continuously developing. ONT needs to maintain a technological edge to stay competitive.

💡 Summary

The recent big rise of ONT is supported by fundamental good news, not just speculative capital. However, for investors, given the enormous short-term gains, caution is advised. Avoid chasing the rally blindly; operate quickly with tight stop-losses. Also, since ONT has close ties with Ant Chain (ANT), it’s worth watching whether ANT will show subsequent performance. I only do token analysis and information sharing; this does not constitute investment advice. Wishing everyone daily prosperity!