Bittime - This native token of Ondo Finance recently hit an all-time high ( ATH ) after a significant price spike. Let's take a deeper look at the increase in ONDO prices and whale activity which has also increased the price.
Shocking Price Increase
ONDO price jumped 39% in the last 24 hours, and is currently trading at around $0.70 (as of March 22, 2024). Previously, the asset hit a new ATH of $0.77 at 01:30 UTC on March 21.
This fantastic price increase brought the ONDO token into the list of the top 100 cryptocurrencies based on its total market capitalization which reached $974 million.
Check Today's Crypto Market:
ONDO Price Today
Source: Bittime
Based on the Bittime market on March 22 2024, the price of ONDO/IDR has reached the level of IDR 11,500 per coin, an increase of 1.67% in 24 hours.
Also Read How to Buy Crypto:
Drivers Behind Price Increases
Data provided by Santiment reveals a significant increase in “ whale ” transactions involving ONDO, with the number of unique transactions worth at least $100,000 jumping from 68 to 91 in the last 24 hours. Increased "whale" activity often signals high price volatility in the market.
Here are some potential factors that might also contribute to this move:
- Positive Market Momentum: Overall, the crypto market is showing signs of recovery. This positive sentiment may also have an impact on ONDO, attracting investors who see opportunities in this asset.
- Ondo Finance Developments: In January, Ondo Finance expanded its real-world asset tokenization ( RWA ) operations to the Asia Pacific region, demonstrating a strategic move to expand market reach.
Impact on the Ondo Finance Ecosystem
Crypto market players certainly welcome the increase in ONDO token prices. This indicates increasingly strong investor confidence in the Ondo Finance project. Additionally, price increases can attract new users to the Ondo Finance platform and increase activity in its ecosystem.
Interestingly, despite the price spike and increased “whale” activity, the data shows a decline in ONDO supply across all exchanges, dropping from 536.64 million to 529.60 million tokens since March 18. This move suggests that some investors may be anticipating further price spikes rather than engaging in short-term profit-taking strategies.
Check Crypto Prices Today:
Conclusion
The surge in ONDO prices to a new ATH is a positive development for token holders. Although the exact cause of this spike is not yet known, positive market momentum and increased whale activity may be the driving factors.
Going forward, the latest developments from Ondo Finance will also determine ONDO price movements in the future. Stay tuned to the latest news to get the latest information about ONDO and the crypto market as a whole.
How to Buy Ondo Finance (ONDO) on Bittime
You can buy and sell Ondo Finance (ONDO) in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
Ondo Finance (ONDO) is available on Bittime with the ONDO/IDR market pair . To be able to buy ONDO IDR at Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn the complete guide on how to buy Ondo Finance (ONDO) on Bittime .
Monitor the price chart movements of Ondo Finance (ONDO), Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read:
What is Ondo Finance (ONDO)? Asset Tokenization and Risk Diversification Platform
Ondo Finance Launches Ondo Global Market, Here's the Explanation
5 Crypto Assets That Make the Most Profit Today, There are ONDO and TIA
Ondo Finance's USDY Token is Now Available on Blockchain Sui!
DISCLAIMER : This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates
Comments
0 comments
Please sign in to leave a comment.