Bittime - The crypto world is slowly moving upwards, but there is one asset that is soaring high: ONDO! The price rose a fantastic 30% in the last 24 hours, reaching an all-time high of $0.9494. Compare this to the overall crypto market increase of only 5% in the same period.
This price increase is no coincidence. ONDO also experienced a significant increase in transaction activity, up 138% in one day. Its market capitalization also increased by 30%, making ONDO ranked 82nd on the list of top cryptocurrencies.
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What is Ondo Finance (ONDO)?
Ondo Finance (ONDO) is a blockchain-based financial platform that operates in the field of real-world asset (RWA) tokenization.
In simple terms, Ondo helps "bridge" between the world of traditional finance and the world of crypto by turning real investment assets such as government bonds or company shares into digital tokens.
That way, crypto investors can access and invest in these assets through the ONDO tokens they own.
ONDO's Massive "Whale" Action
The "whales" or big investors seem to be busy buying up ONDO tokens. According to Lookonchain , there are several large transactions that are attracting attention. For example, whale with address “0x56F9” withdrew 6.53 million ONDO tokens (worth $5.88 million) from Bybit in the last month.
Also read: ONDO and DeXe prices have soared, this is the reason!
There is also a new wallet “0x92d” that withdrew 1.98 million ONDO tokens (worth $1.78 million) from Gateio recently. And wallet “0xE6bf” withdrew 937,600 ONDO tokens (worth $845,000) from Gateio three hours ago.
The well-known crypto analytics platform, Spot on Chain, also reported positive sentiment towards ONDO. The price of its RWA token has skyrocketed by around 93% in the last five days, showing growing investor confidence.
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Transaction activity on Coinbase also illustrates ONDO's activity in the market. On March 22, multisignature wallet “0x677” deposited 49.9 million ONDO tokens (worth $36.38 million) to Coinbase for $0.729.
Also read: Ondo Finance (ONDO) Price Prediction, Will It Rise? Check out the analysis here
Then, 10 new wallets withdrew 49.7 million ONDO tokens (worth $36.9 million) from Coinbase for approximately $0.743. This means they made a profit of $9.93 million in three days!
Lastly, technical indicators for ONDO also remain positive. The 7-day Exponential Moving Average (EMA) indicates a continued uptrend, while the Relative Strength Index (RSI) indicates strong buying momentum.
In other words, ONDO's future seems bright. Big investors are looking at it, positive sentiment is spreading, and transaction activity is busy. Keep following ONDO's developments and don't miss its potential!
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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
ONDO Prices Increase 30% in One Day, What's the Cause?
Ondo Finance's USDY Token is Now Available on Blockchain Sui!
ONDO Token Prices Skyrocket: Driven by Several Positive Factors
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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