ONG (Ontology Gas) increased by 17.79% in the last 24 hours

Gate News Bot message, January 27th, according to CoinMarketCap data, as of press time, ONG (Ontology Gas) is currently priced at $0.09, up 17.79% in the past 24 hours, with a high of $0.11 and a low of $0.08. The 24-hour trading volume reached $39.7 million. The current market capitalization is approximately $41.5 million, an increase of $6.27 million from yesterday.

Ontology is a Web3 trust layer that provides decentralized identity, reputation, and secure communication solutions for users and developers. ONG is the Gas token of the Ontology network, used to facilitate transactions and execute smart contracts. ONT is a governance and staking token; users can earn ONG rewards by staking ONT, with an average staking yield exceeding 20%.

The Ontology ecosystem has created over 1 million ONT IDs, staked more than 200 million ONT tokens, and operates over 800 network nodes, maintaining secure operation for 8 years. The platform offers core products such as ONTO Wallet, ONT ID, and Orange Protocol, supporting multiple VM architectures (EVM, NeoVM, WASM), with high performance and low fees, with transaction fees as low as 0.05 ONG.

Recent important news about ONG:

1️⃣ Market risk sentiment remains weak, mainstream assets continue to dominate long-term bullish outlook Recent movements by large traders show significant short covering and a shift to large-scale long positions in mainstream assets such as BTC, ETH, and SOL, with single long positions exceeding $360 million. This structural change reflects market participants’ long-term bullish attitude towards mainstream assets, but also coexists with continued bearish sentiment on some smaller tokens, indicating market sentiment divergence and fluctuating risk appetite.

2️⃣ Overall trading activity remains subdued, capital flows concentrated into mainstream assets Large funds over the past 24 hours have mainly focused on top assets like BTC, ETH, SOL, and thematic assets such as precious metal tokens, with limited attention to emerging or mid-cap assets. Under this capital allocation pattern, market liquidity favors leading assets, making it harder for non-mainstream assets to attract incremental funds.

3️⃣ On-chain trading structure adjustments send mixed signals Leverage operations on platforms like HyperLiquid show that traders are cautious about certain assets, with single position sizes limited. This reflects increased caution among participants in risk management under the current market environment, which may put pressure on the demand for mid-cap ecosystem tokens.

This message is not investment advice. Investors should be aware of market volatility risks.