The bullish momentum seems to have subsided since the last one hour and the statistics for the last one hour show signs in the reddish zone. The coins are consolidating above their respective levels and the biggest gainers so far like Ripple [XRP] and Bitcoin Cash [BCH] seem to have lost more in the last one hour. Ripple has had a loss of 1.12% and Bitcoin Cash has had a loss of 1.06%.

However, both of them are above their respective levels which were gained during the bull run. The total Market capital at 2:45 PM UTC is at $373.870 billion. The introduction of index funds turned out to be positive for the market as it attracted a lot of investors to the forefront. It became easier for them to invest and it also gives better returns than most of the hedge funds.

Our sentiment analysis segment provides a wholesome picture of the current market trend in the cryptocurrency world and also the possible outcomes of the coins in it. The opinions of experts come from around the world and are presented to our readers as it is.

This is done by interviewing a group of analysts, investors, skeptics, miners, influencers and their sentiments and opinions are recorded in this segment. This analysis is focused on Ontology [ONT] which is currently at the 25^th spot in the rankings.

Ontology [ONT]

The coin had moved up to the 24^th spot overtaking Verge [XVG] but the spot has been taken back by Verge, pushing it down to the 25^th spot in the rankings. At 2:57 PM UTC, Ontology was seen to be trading at $4.37 with a market capitalization of 1.053 billion.

The coin has had a gain of 0.27% in the last 24 hours and it peaked at an intraday high of $4.61 at 8:04 PM UTC yesterday. The previous high of $5.08 was on the 13^th of April and this also marks the all-time high for the coin. Since the all-time high, the coin has not gone down below $4 mark.

Ontology was the only coin that was seen to have gained during the previous bear market. ONT was trading with a market capitalization below $1 billion at the start of this month and has gained over $400 million market capitalization moving it into the top 25 list of cryptocurrencies.

Joy Grand, an Ontology investor from Jena says:

“There is a potential cup formation for Ontology and if a handle also emerges at the end, all that the coin has to do is to break that handle. I suggest that this is the right time to buy the coin as if the handle is broken, we may see the coin hitting the targets at $5 and above. So try to accumulate ONT before the next run up.”

Tessa Lucas, a Civil Engineer from Moscow says:

“ONT broke the downtrend resist line and it peaked above $5. This is the first time that the coin has crossed this mark and the chances are that it will go back up soon. Ontology is expected to launch their Main Net in the second quarter and once that is live, we can surely expect a lot from the coin.”

Manav Talukder, a Lecturer from Kolkata says:

“Ontology started trading on March 8th. Its performance has been outstanding. It opened April with a $2.06 price but 11 days later, it was seen to be trading at $4.40. With this trend in hand ontology will rise up to the targets set for it in no time. I see a lot of potential in the coin to dominate the rallies again like it did once.”

To conclude 71% of the Ontology respondents were of the opinion that the coin has the capacity to move up considering the very less amount of time it took to reach this point. Another 29% of Ontology respondents feel bearish as it is a relatively new coin and has to be in the market for some time to form their opinions.

The post Ontology [ONT] – Rallied alone among the giants! – Sentiment Analysis – April 20 appeared first on AMBCrypto.