Ondo Finance (ONDO) Rallies on Upbit Listing and Bullish Bitcoin
Ondo Finance (ONDO), the native token of the real-world asset (RWA) tokenization project, has seen a surge in price and activity in recent days.
Upbit Listing Boosts ONDO Price
ONDO was listed on Upbit, South Korea’s largest crypto exchange, on June 14th.
- Price jumped 15% following the announcement, reaching $1.39 from $1.21.
- Price has since settled around $1.29.
Whale Profits
On-chain data shows two crypto whales deposited nearly $3.9 million in ONDO to Bybit after the Upbit listing. These whales cashed out a portion of their holdings, profiting millions. Despite the profit-taking, Ondo remains the leading cryptocurrency in the RWA tokenization sector by market cap ($1.87 billion).
Ondo Finance’s Expanding Partnerships
Ondo Finance continues to promote its USDY stablecoin. It recently partnered with Helio and Shopify to enable USDY as a settlement option for Shopify merchants. This allows merchants to accept cryptocurrency payments with real-time conversion to USDY.
Ondo’s Potential
Recent price surge and expanding partnerships highlight the project’s potential. Ondo Finance is a significant player in the RWA tokenization industry.
Bullish Sentiment
Over 90% of ONDO holders are currently “in the money.” Ondo’s transaction volume has surged over 300% since May, indicating high on-chain activity. ONDO has maintained the highest transaction volume compared to other RWA tokens.
ONDO Price Prediction
The recent rally suggests ONDO could reach its all-time high of $1.48 sooner than expected. Potential price targets based on market cap increase:
- $1.88 (25% increase)
- $2.30 (50% increase)
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