[DPRating] ONT, DDD & TRX Track Rating | Token Unlock = Price Correction
by DPRating Team
Release time: 6th Aug 2018
Effective time: 1~2 months
ONT (Ontology)
Invetibility Bbb. Risk Medium
In our first release of ONT rating report on 20th of June, we have pointed out that despite the high quality of the project, the private sale of ONT is not transparent, the details of token lock-up is not publicly accessible. Now the price’s remaining high is largely due to the low circulating supply, thus for, there lies the risk that the price will continue to drawback as the ONT token supply increases. We hold the conclusion that current quality and performance of ONT cannot support current price. It’s investibility is reset to Bbb. Risk: Medium
Since the release of our rating report on ONT. ONT’s price has kept dropping from 6.5 dollars to 2.2 dollars, which is likely to be caused by token unlocked of private sale at the beginning of July.
We are highly against projects deliberately concealing the token lock-up period, investors should be aware of the risk which is mentioned in our previous report. But the price drop also squeezed out the bubble. ONT’s price starts to reflect its true value. Taking the projects fundamental performance and the exchanges it has on-boarded. The risk has been reduced.
In conclusion, the risk assessment of ONT has been readjusted to “Low” from “Medium”, the investibility dimension remains Bbb. Based on the broader crypto market performance and its fundamentals, if no major version update happens to ONT, DPRating analysts suggest 1.5 dollars to 2 dollars would be the appropriate price range for ONT at this phase. In the future, ONT is likely to stay in the channel or follow the crypto market, if it hits another high, it is probably going to draw back after another unlock of the token.
Investors should also closely follow up the Ontology Triones Seed Node project which affects the circulating supply. Despite that the expected risk level is lowered, the price hasn’t touched its bottom. DPRating analysts think that bubble still exists and ONT is expected to go even lower.
In the future, DPRating will closely track the unlock timing and give out risk notification accordingly. DPRating also suggests that ONT team actively reduces the asymmetry of information，on the initiative of benefiting the investors, make public the private sale figures and exact unlocking time.
DDD (Scry.info)
Invetibility Bb. Risk Low
DDD is another token that draws back intensely due to the token unlocking. The unlocking at the second half of July pulled the price from 0.3 dollars down to 0.1 dollars which is almost equivalent to the private sale price in dollar, while twice in ETH.
Considering DDD also has good project and team fundamentals and beyond average technical strength comparing to many other public chain projects. The reent restruct of
The price vibrates within a reasonable range. However, there are still locked-up tokens to be unlocked, therefore the drawback is not over yet. Condisering at DDD’s initial stage it was rather the restricted supply that supports the price rather than the actual value. The recent price correction has squeezed out some bubble that the price is rather in a more reasonable range. However the private sale round’s token is in big volume therefore that correction is not yet over.
The risk dimension of DDD is adjusted to “Low” from “High”. Investibility remains Bb. Based on the broader crypto market performance and its fundamentals, if no major version update happens to DDD DPRating analysts suggest 0.07 dollars to 0.15 dollars would be appropriate price range at this stage. According to DPRating’s knowledge, the private sale tokens have been all released.
Investors should pay attention to the team unlock which will increase the supply of DDD in market.
TRX (TRON)
Investibility Ccc Risk Medium
There is not much good news after the launch of Tron mainnet, nor is there any major bug uncovered. The marketing effort has been consistent, or overwhelming as some may say. The price has gone through few fluctuations (following the overall downward trend), is in general very stable.
At the very beginning stage, Tron has been focused mainly on marketing, news about the manipulation behind TRON led to the conclusion that risk is key high. After a great surge, its price had a steady fall, now getting stable at the current level. In terms of its project, fundamental Tron is very much still overrated. But considering the worldwide recognition and support of many mainstream exchanges, the risk is relatively reduced.
To sum up, TRX’s risk level is reduced to “Medium” from “High”. The investibility remain Ccc. If no major version update or great change in the crypto market happens, the expected price range given by DPRating analysts is 0.025 to 0.035 dollars. Investors should closely follow future development as its hard to see where TRX is going.
TRX is still heavily influenced by price manipulation, DPRating emphasizes again its risk and will issue warnings of any future signs of TRX manipulation.
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