Here’s why Ondo Finance crypto could soar 26% soon

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As a seasoned researcher with over two decades of experience in the financial markets, I must admit that the current rally of Ondo Finance (ONDO) has piqued my interest. Having witnessed numerous bull and bear cycles, I can say with confidence that this coin’s growth is impressive, especially given its association with Donald Trump’s World Liberty Finance (WLFI).

On December 16, the price of Ondo Finance’s coin hit a record peak, with Donald Trump’s World Liberty Finance maintaining its purchase momentum.

In the realm of the tokenization sector, Ondo Finance (ONDO) experienced a significant jump, reaching a peak of $2.15. This upward movement represents a substantial rise of more than 327% compared to its lowest point in August.

The main force behind the recent rally was World Liberty Finance, a platform linked to Donald Trump, who acquired over $250,000 worth of ONDO tokens as part of ongoing investments. This action follows a series of purchases they’ve made recently, including Ethereum tokens valued at $57 million, USDC tokens worth $6.1 million, and AAVE tokens worth approximately $2.3 million.

Alongside other assets, WLFI manages investments in Bitcoin derivatives, Chainlink, Ethana, Grok, and REKT. As per Nansen’s latest report, the combined worth of these holdings has surpassed a staggering 83.7 million dollars.

Ondo Finance’s development is driven, in part, by the burgeoning tokenization sector. As shown on their website, the total value locked within Ondo’s network surpasses a whopping $615 million. This total value locked (TVL) includes $449 million worth of assets from its U.S. Dollar Yield tokenized product and an additional $173 million from its U.S. Treasuries tokens.

Alongside others, Ondo is leaping forward as interest in Real World Asset (RWA) tokenization persists. Experts predict that the market for RWA tokenization could reach $50 billion by 2025, and Ondo is expected to play a significant role within this sector.

2025 FORECAST: The market value for tokenized real-world assets (RWAs) could potentially surge to $50 billion.

It’s becoming increasingly apparent that tokenization holds significant benefits. We believe a substantial influx of institutional funds is imminent.

Important to remember: Predictions are not definitive and should be viewed as speculative insights, not guarantees.

— Bitwise (@BitwiseInvest) December 13, 2024

Ondo Finance price analysis

Over the last several months, the daily graph indicates that ONDO has been consistently climbing on an upward trajectory. Lately, it surpassed a significant barrier at $1.4840, thus concluding the top part of a cup-and-handle configuration.

In simpler terms, the price of Ondo has moved beyond the critical levels defined by Murray Math Lines at $2. This places it above significant moving averages, suggesting that the bulls are dominating the market. Furthermore, technical indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) are trending upward, which typically indicates a positive market momentum.

Based on the “cup pattern” and its projection from the breakout point, it’s anticipated that Ondo Finance’s price will keep climbing, potentially reaching around $2.5, which is about 25% higher than the current price. However, if the price falls below the support level of $1.48, this bullish forecast may no longer hold true.

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2024-12-16 17:26