Ondo Finance’s token rebounded after falling at a two -month low on Monday as bitcoin and most of the ultcoin crashed amidst the concerns of a business war.
The price of Ondo (Ondo) reached a high of $ 1.4450 by 60% from its lowest level this week, leading to its market cap at $ 4.57 billion and a thoroughly diluted assessment to $ 14.5 billion.
The developers overturned the coin after launching Ondo Nexus, a technology initiative designed to unlock immediate liquidity for the third party issuers of the token treasury. This will take advantage of the immediate mint and redemption capabilities of Ousg, increasing the liquidity and utility for the token treasury.
Ondo has partnered with major American firms, including Franklin Templeton, Wisdomistry, Wellington Management and Fundbridge Capital. Ondo will also include its current partners, such as Blackrock and Payal launching Nexus.
The ecosystem of Ondo Finance exceeded $ 638 million, which was less than $ 1 million in February last year. Most of these funds are in Ondo US dollar yield tokens, while the rest of Ondo Short-Terms are in US Treasury Fund.
The Ondo has become a major player in the fast growing real -world property (RWA) tokening industry, expected to significantly expand in the coming years. Companies such as Blackrock, Apollo Global Management and Franklin Templeton have launched all token projects. Blackrock CEO Larry Fink has urged the Securities and Exchange Commission to approve stock and bond tokens.
This growth has pushed many toknarization cryptocurrency more this year. For example, the price of the mantra There has been an increase of about 5,000% in the last 12 months, with its market cap exceeding $ 5 billion.
Ando price forecast
The daily chart suggests that the Ondo token was at $ 0.9235 on Monday, as most of the cryptocurrency fell. It has withdrawn some of those damage and is near the major resistance level at $ 1.4760 in the upper part of the cup and handle pattern formed between June and November last year.
Ondo has also formed a falling wedge pattern, in which two have been converted into a downward trendline. It is one of the most famous bullish chart patterns. Additionally, the Ondo Mau Math Lines has gone slightly above the trading range on the tool.
Therefore, the coin is likely to experience a strong rapid breakout, with the next major level to view $ 2.15, the current value represents an all -time high and 50% from the current value.
