$ONT Why did it suddenly come back to life and rise?
Those who have been trading cryptocurrencies for a long time know that exchanges seem to rely on transaction fees for their survival, but the reality is more pragmatic: if a coin stays flat on the ground for a long time, with trading volume dried up and liquidity stagnant like dead water, it is highly likely to be kicked off and cleared away.
But strangely, coins like ONT and NEO, which were once domestic old coins, have dropped to the core of the earth, remained flat for eight years, yet have remained safe and sound on Binance. The HOOKs say they will drop, but the ONTs are as stable as a stubborn homeowner.
Having stayed flat for so long, the chips have been cleaned out, and although the story is old, surviving itself is the biggest narrative. Sometimes the market likes these "comeback" moments: after eight years, old retail investors suddenly straighten their backs, and when retail investors see it, they think, "Wow, the old coin is about to make a comeback," and with a surge of FOMO, the trading volume increases.