Bittime - One of the Real World Asset (RWA) tokens , Ondo Finance (ONDO), has stolen the spotlight with its meteoric rise into the top 100 list by market capitalization .
Their native token, ONDO, has shown incredible performance, recording a new record high (ATH) at $0.9702 (Rp. 15,382.00) on Monday, March 25.
This increase reflects significant growth, with ONDO surging more than 88% in the last week and more than 116% in the last 30 days. Currently, ONDO price is around $0.8997 (Rp. 14,258), indicating continued positive momentum.
Whales are interested in ONDO
This price spike comes amid increased “ whale ” activity, where large investors are aggressively adding to their holdings in coins tied to these real-world assets (RWAs).
RWA itself is one of the hottest segments in the crypto market today, attracting unprecedented interest and investment.
Ondo Finance, which has attracted the attention of major investors in the RWA ecosystem, announced the launch of Ondo Global Markets in February.
This initiative aims to bring publicly traded securities to the blockchain, offering direct access to traditional securities.
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ONDO Prices Increase
Additionally, ONDO recently experienced a price surge of more than 40% after the market reacted to news about BlackRock's USD Institutional Digital Liquidity Fund ( BUIDL ).
At the time of writing, on 03/28/2024, ONDO was trading at IDR 14,611 with an increase of 7.35% in the last 24 hours.
ONDO also broke its highest daily price at IDR 15,299 according to data from Bittime.
Source: Bittime
Other tokens also gaining major attention in the RWA space include Centrifuge, Polymesh, Pendle, and TokenFi , with Polymesh's price surging 87% in the past week, while TokenFi's price soared 160%.
Based on the latest data from CoinGecko, RWA market capitalization has increased by more than 17% in the last 24 hours to more than $6.6 billion (Rp. 104,610,000,000,000), with 24-hour trading volume for the sector reaching more than $1.16 billion (Rp. 18. 386,000,000,000).
This increase signals a continued positive trend for Ondo Finance and the ONDO token, which is now a hot topic among investors and crypto market observers.
Conclusion
The rise in prices of ONDO and other RWA tokens shows the huge potential of integrating real-world assets with blockchain technology, which can open up new opportunities for investors and users around the world.
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How to Buy Ondo Finance (ONDO) on Bittime
You can buy and sell ONDO coins 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 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 (ONDO) Price Prediction According to Crypto Academy: Towards a New Era of DeFi?
Real World Asset (RWA): A Brief History of RWA Tokenization that You Must Know!
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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