bitcoin
Bitcoin (BITCOIN)
$113,502 0.68%
ethereum
Ethereum (ETHEREUM)
$4,363 0.45%
binancecoin
BNB (BINANCECOIN)
$900.58 2.50%
solana
Solana (SOLANA)
$223.25 2.67%
ripple
XRP (RIPPLE)
$3.00 -0.22%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000013 -0.14%
pepe
Pepe (PEPE)
$0.000011 -1.68%
bonk
Bonk (BONK)
$0.000023 1.22%
bitcoin
Bitcoin (BITCOIN)
$113,502 0.68%
ethereum
Ethereum (ETHEREUM)
$4,363 0.45%
binancecoin
BNB (BINANCECOIN)
$900.58 2.50%
solana
Solana (SOLANA)
$223.25 2.67%
ripple
XRP (RIPPLE)
$3.00 -0.22%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000013 -0.14%
pepe
Pepe (PEPE)
$0.000011 -1.68%
bonk
Bonk (BONK)
$0.000023 1.22%
bitcoin
Bitcoin (BITCOIN)
$113,502 0.68%
ethereum
Ethereum (ETHEREUM)
$4,363 0.45%
binancecoin
BNB (BINANCECOIN)
$900.58 2.50%
solana
Solana (SOLANA)
$223.25 2.67%
ripple
XRP (RIPPLE)
$3.00 -0.22%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000013 -0.14%
pepe
Pepe (PEPE)
$0.000011 -1.68%
bonk
Bonk (BONK)
$0.000023 1.22%
Disclosure
Cryptocurrency trading is speculative and your capital is at risk when you trade. We may earn affiliate commissions from some of the products on this page - at no extra cost to you.
ONDO Price Prediction: Why ONDO Could Rally to $2 Soon

Highlights:

  • ONDO trending towards the $1.143 resistance 
  • Rally through this resistance could see ONDO hit $2 short-term
  • Rising adoption in asset tokenization is likely to drive ONDO growth

ONDO (ONDO) is showing strength today, reflecting the rising bullish momentum across the altcoin market. At the time of writing, ONDO was trading at $1.02, up 9.9% in the last 24 hours. ONDO trading volumes are also on the rise. They were up by 113.9% to stand at $361.95 million at press time. Such a substantial increase in volumes when the price is going up is a signal of strong bullish momentum for ONDO. 

Advertisement

Banner

It indicates that buyers are coming in strongly, anticipating that ONDO could be headed much higher in the short term. The rising bullish momentum is driven by a deepening of ONDO fundamentals, which could cause the price to head much higher in the foreseeable future. ONDO is one of the cryptocurrencies that has a leading role in the fast-growing RWA space, and so far, adoption is on the rise. 

ONDO A Core Part of the New Fidelity Tokenized Fund

One indicator of ONDO’s growth in the RWA space is its involvement in launching the Fidelity Digital Interest Token (FDIT). ONDO has emerged as the lead investor in the launch, as it is the primary investor, putting $202 million into FDIT. This shows that the ONDO team is intentional about taking a critical role in the tokenized treasuries market. It is a factor that could see ONDO rally to new highs, given that in less than a year, the tokenized treasuries market has grown more than 3x to stand at $7.5 billion. As this growth continues, ONDO could be in a position to rally to new highs in the foreseeable future.

ONDO Global Markets Platform Offers Over 100 Tokenized Stocks

Earlier in the month, the ONDO Finance announced the launch of the ONDO Global Markets platform. ONDO offers round-the-clock access to over 100 tokenized American stocks and ETFs through this platform. While these stocks are currently only available on Ethereum, ONDO plans to expand these stocks to other blockchains, such as Solana and Binance Chain, and extend the tokenized stock versions to more than 1000 before the end of 2025.

At a global scale, the ONDO Global Markets Platform makes it easy for non-American users to create and redeem tokenized assets supported through traditional liquidity channels such as registered stock brokers in the US.

ONDO Partners with Ledger for Self-Custody of Tokenized Assets

ONDO is also experiencing growth in other areas related to tokenized assets. The latest is that Ledger has teamed up with ONDO to self-custody tokenized assets. Ledger Live users can safely hold over 100 tokenized stocks through the partnership. The partnership is a big boost for ONDO in merging regulatory compliance with a good user experience for holders of tokenized assets. Still on adoption, ONDO has added Wisdom Tree, an asset management organization with $131 billion in assets, to its Global Markets Alliance. This is a big vote of confidence for ONDO from mainstream finance, which could continue to draw investors into ONDO.

Technical Analysis – ONDO Makes Strong Bounce Off Support

After a recent correction, ONDO hit and bounced off the $0.878 support on September 1. If bulls sustain this momentum, the $1.143 resistance would be the key level to watch. A rally through this resistance could see ONDO hit $2 in the short term. 

ONDO
Source: TradingView

On the other hand, if bulls lose steam, ONDO could drop back to the $0.878 support. However, with the broader market turning bullish and ONDO adoption rising, the odds are higher for a rally through the $1.143 resistance.

eToro Platform

Best Crypto Exchange

  • Over 90 top cryptos to trade
  • Regulated by top-tier entities
  • User-friendly trading app
  • 30+ million users
9.9

5 Stars

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong.

Advertisement

Banner

Advertisement

Banner

Advertisement

Banner