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Ontology's native token (ONT) experienced a significant price surge of over 20% as market optimism grows regarding decentralized identity solutions. The rally follows the European Union's announcement of the eIDAS 2.0 framework, which aims to deploy digital identity wallets to approximately 450 million citizens. Investors are increasingly betting on Ontology’s established decentralized identity (DID) stack as a key beneficiary of this regulatory shift. This price action highlights a broader narrative shift in the crypto market toward practical, regulated applications of blockchain technology. While the immediate impact is concentrated in the DID sector, the ONT/USD pair remains a focal point for traders monitoring European digital infrastructure. Market analysts suggest that Ontology's existing infrastructure aligns well with the EU's requirements for secure and verifiable digital credentials.
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