Ethereum ETF Impact, ONDO Price Predicted to Rise Up to $2.35!

Bittime - The crypto world is filled with euphoria after the United States Securities and Exchange Commission (SEC) approved eight Ethereum-based exchange-traded funds (ETFs). One of the top winners was ONDO, a Real World Assets (RWA) crypto pioneer. Analysts predict that ONDO's price will rise to $2.35 or around Rp. 37,600.

Prior to the SEC announcement, ONDO was valued at IDR 14,720 (US$0.92). However, within 24 hours, its value jumped to IDR 19,520 (US$1.22), posting an impressive increase of 13.26%. 

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ONDO Revival

Renowned crypto expert, Sjuul, highlighted ONDO as the ultimate champion of Real World Assets (RWA). With his sharp insight, Sjuul positions ONDO as an extraordinary player in the ever-growing crypto market.

Also read: Ondo Finance (ONDO) RWA Platform Collaborates with Noble: Introducing US Treasury Tokenization

“$ONDO shows extraordinary strength and has become king in the Real World Asset narrative,” Sjuul tweeted via the Twitter account @AltCryptoGems. 

“If you are a holder and want to have an objective plan for a take-profit strategy, use the Fibonacci levels in my charts. As long as we are in price discovery, that should be the target.”

Sjuul didn't stop there. He urges ONDO investors to consider using Fibonacci levels in their trading strategies. These levels, detailed in the chart analysis, provide a clear roadmap for setting profit targets amidst ONDO's upward momentum.

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ONDO Aims at Target

While emphasizing the importance of strong support levels, Sjuul set ambitious price targets for ONDO at IDR 21,600 (US$1.35), IDR 29,600 (US$1.85), and IDR 37,600 (US$2.35). He believes ONDO has the potential to achieve this milestone as long as it maintains its current trajectory.

Also read: ONDO Against the Current: Can it Go to $1?

In a strategic move, Ondo Finance integrated its assets into BlackRock's BUIDL tokenization fund on Ethereum, strengthening its ties with the crypto giant's ecosystem. This move explains why ONDO's value surged after the Ethereum ETF news.

Figures Show ONDO's Movement

After SEC approval of the Ethereum ETF, ONDO's value jumped to IDR 19,200 (US$1.20), marking a significant increase of 14%. A report from DeFiLlama highlights that ONDO's Total Value Locked (TVL) has soared to IDR 7.33 billion (US$458.42 million). 

This shows promising long-term prospects. Projections show TVL could exceed IDR 16 billion (US$1 billion) in a matter of months, pushing ONDO's value to IDR 32,000 (US$2) or even IDR 64,000 (US$4).

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Additionally, data from Santiment shows ONDO's trading volume reached a monthly high of IDR 7.19 billion (US$449.50 million), indicating a significant increase in investor interest.

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 Price Skyrockets: Reaches ATH 0.9$

RWA Ondo Finance (ONDO) Platform Collaborates with Noble: Introducing US Treasury Tokenization

Ondo Finance COO Claims Profit-Producing Stablecoins Have Potential for Market Domination

Crypto News: Ondo Finance Soars: Impact of Global Markets Launch

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.