Bittime - The cryptocurrency world is buzzing about ONDO, the native token of the Ondo Finance platform. ONDO prices are shooting up almost 30% in one day, even reaching a record high recently!
ONDO is trading at around $0.95 (around Rp. 13,500) – up almost 30% in a day. This increase does not appear to have stopped. Data from CoinMarketCap shows that ONDO's price touched $0.97 on March 25.
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Amazingly, in the last year, ONDO has jumped more than 484%! Compared with Bitcoin (BTC) , which is currently on the rise, ONDO is still far superior. In fact, in the last month alone, ONDO has increased by 120%.
With this fantastic price increase, ONDO managed to enter the top 100 cryptocurrencies based on market capitalization. Currently, ONDO is ranked 85th on CoinMarketCap, with a market capitalization of more than $1.3 billion (around IDR 18.5 trillion).
Ondo Finance: Bridging the Worlds of Traditional and Crypto Finance
Ondo Finance is a decentralized finance (DeFi) platform that aims to bridge the worlds of traditional finance and DeFi. The goal? To make financial services and yield (interest) opportunities more accessible to everyone.
The method? Ondo Finance uses blockchain technology to convert real-world assets (RWA) into digital assets (tokens). These digital assets are then offered in the DeFi ecosystem. That way, crypto investors can invest in traditional assets such as property or shares, just by using cryptocurrency.
Also read: ONDO Price Breaks Highest Record! Will it Break $1 This Week?
Ondo Finance wants to make it easier to integrate traditional financial assets into the world of DeFi. They provide services such as asset tokenization, which is the process of converting real assets into digital assets on the blockchain.
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The advantage of asset tokenization is that it allows fractional (small portion) ownership of assets. This allows investors with limited capital to invest in assets that usually require large capital, such as property.
Apart from that, asset tokenization can also increase the liquidity of assets that were previously difficult to buy and sell, such as property.
Why is ONDO Price Rising?
ONDO's sharp price increase over the past year was driven by several factors:
- The growing popularity of asset tokenization.
- Ondo Finance's expansion into new markets. Earlier this year, Ondo Finance announced the expansion of their RWA asset tokenization services to Asia Pacific. This is a strategic step to seize opportunities in developing markets.
In addition, positive sentiment towards asset tokenization also soared after BlackRock, a giant investment management company, proposed the BlackRock USD Institutional Digital Liquidity Fund (BUIDL).
This is an investment fund in the form of digital assets (tokens) that focuses on private equity (investment in companies that have not yet been listed on the stock exchange).
Great interest from big investors (whale). Data from Santiment , a leading crypto analytics platform, shows an increase in ONDO transaction activity worth at least $100,000. This indicates the interest of big investors which can influence price movements.
Also read: Crypto News: Ondo Finance Soars: Impact of Global Markets Launch
ONDO tokens available on exchanges are also decreasing. According to Santiment data , since March 18, the number of ONDO tokens on exchange has decreased from 536.64 million to 529.60 million.
This shows investors tend to HODL (hold on for dear life - store crypto assets in the long term) their ONDO tokens.
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Conclusion
The convergence of digital assets and traditional finance through RWA asset tokenization is a growing transformative trend. This trend promises better efficiency and faster transaction processes thanks to blockchain technology.
Ondo Finance, with strategic expansion and RWA asset tokenization services, has succeeded in positioning itself as a leader in this transformative era. This is what pushed their native token, ONDO, to greater heights.
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:
Ondo Finance Launches Ondo Global Market, Here's the Explanation
What is Ondo Finance (ONDO)? Asset Tokenization and Risk Diversification Platform
ONDO and DeXe Prices Soar, Here's the Reason!
ONDO: New Narrative of RWA Tokens in the Crypto Market
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.
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