NEO/USD Dominates Cryptocurrency Market on Monday as ONT Goes Live
The cryptocurrency ranked 12th by market capitalization is appreciating the highest gain for the last 24-hours of the top leading coins. It is changing hands at $36.57 against the US Dollar with 17.11% increase in the last day.
Neo and Ontology had since May 2018 collaborated in a MoU Concerning Strategy and Technology where a joint force between the two cryptocurrencies was initiated to better the world of blockchain.
“NEO and Ontology will work together to build a smart contract ecosystem, and will fully support the development and adoption of NeoVM and NeoContract, and will collaborate on developing smart contract open standards.” – from the statement
Even that the two events of Ontology network launch and NEO’s price gain might not seem connected, projects and partnerships that are building long-term upside paths are true excitement generators.
Ontology, a Shanghai-based project working closely with the developers behind Neo, launched its live network on June 30. In doing so, it becomes the latest blockchain infrastructure project to put its ambitious blueprint into action.
While there is yet much to be seen, Ontology’s native ONT coin has silently debuted as one of the leading digital currencies on the 21st place with a market cap of $808 mil.