Bittime – ONDO token has shown significant bullish momentum, with buyers targeting the $1 mark, hinting at a strong uptrend. Recently real-world asset tokens (RWAs) have been gaining attention in the crypto space, and the ONDO token is one that saw a big rise this week.
Success of Fund Data Tokenization Pilot
This week, ONDO completed a fund data tokenization pilot in collaboration with the Depository Trust & Clearing Corporation (DTCC) and Chainlink, involving major US banks. The success of this pilot has pushed the ONDO token price to its highest point in the last 52 weeks, indicating massive buying activity by whales. Currently, the token is trading near the $1 mark and is ready to enter the “blue-sky” zone soon.
Current Trading Conditions on Ondo Finance (ONDO): Still Tend to Rise
At the time of writing, the ONDO token price was at $0.9734, reflecting an intraday increase of 1.10%. This token has a monthly return ratio of 43.20% and an impressive annual return of 3167.20%.
The ONDO/BTC pair is trading at 0.0000145 BTC, with a market capitalization of $1.94 billion. Analysts are cautiously optimistic, suggesting that ONDO may surpass the $1 mark and approach its all-time high (ATH) soon.
Whale Accumulation and Market Activity: Whale Speculation Boosts Ondo Prices
This week, a strong bullish wave has pushed the token up more than 38%, surpassing the key moving average. The token appears poised for a sharp rally, potentially surpassing the ATH of $1.05.
According to Santiment, a 27.37% increase in trading volume, reaching $260.78 million, shows increased investor speculation in the last 24 hours. The price of ONDO's RWA token jumped about 10% after the completion of the DTCC-Chainlink pilot with US banks.
Also Read: Ondo Prices Rise 9% After Purchase from Whale Worth $5.7 Million
The significant move was recorded by a new whale, identified by address 0x803, who withdrew 957 ETH from Gemini and exchanged 796.3 ETH ($2.38 million) for 2.64 million ONDO at a price of around $0.902, as reported by Spot On Chain.
Ondo Finance Volatility and Sentiment Analysis
After a sharp price spike, ONDO experienced increased price volatility, with a surge of over 76% to 0.034, reflecting intense investor activity.
Sentiment data also showed a bullish outlook, with weighted sentiment surging into positive territory.
Check Today's Crypto Market:
Futures Market Activity (Futures Market): Ondo Long Positions Are Piling Up
Sumber: Coinglass
According to Coinglass futures derivatives data, there was a significant buildup of long positions, with open interest surging over 15.27% to $198.17 million in the last 24 hours, signaling massive whale accumulation.
Also Read How To Buy Crypto:
Conclusion
The ONDO token price rose more than 3% intraday and is likely to continue its upward trajectory, potentially surpassing the $1 mark soon.
Buyers continue to maintain momentum, accumulating tokens while sellers appear to be trapped and closing their positions.
Overall market sentiment remains bullish, indicating potential for further upside for ONDO in the future.
How to Buy Ondo (ONDO) on Bittime
You can buy and sell Ondo (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 (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.
Monitor the price chart movements of Ondo (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 (ONDO) Soars 60% in a Month: Time to Buy or Sell?
Ondo (ONDO) Price Prediction According to Crypto Academy: Towards a New Era of DeFi?
Ondo Finance (ONDO) Price Prediction, Will It Rise? Check out the analysis here
ONDO Finance (ONDO) Price Breaks ATH? Whale Transaction Driven
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.