Ethereum

Token

Ondo

Finance Token

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/ondo-finance-token-rises-significantly/" data-wpel-link="internal">Ondo Finance Token Rises Significantly</a><br></p>
<p style="text-align: justify">Recently, the native token of the tokenized real-world asset (RWA) platform Ondo Finance, ONDO, experienced a notable price increase. This rise led <strong>ONDO</strong> to reach new heights and marked <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">significant developments</a> in <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">market performance</a>. The token surged to an all-time high of $1.16 and, after a slight dip, continues to trade at a stable level.</p> 
<h2 style="text-align: justify" id="why-did-ondo-finance-ondo-rise">Why Did Ondo Finance (ONDO) Rise?</h2> 
<p style="text-align: justify">According to recent data, ONDO is priced at $1.10, achieving impressive gains of 10.45% in the last 24 hours, 16.66% over the past week, and 24.00% over the past month. Since its initial exchange offering at $0.055 in January 2024, ONDO’s price has increased by 577.86%, demonstrating strong upward momentum and growing investor interest.</p> 
<p style="text-align: justify">One of the key catalysts behind ONDO’s price increase is the approval of spot <strong>Ethereum ETF</strong>s by the U.S. Securities and Exchange Commission (SEC). This significant decision signaled a more favorable regulatory environment for cryptocurrencies and paved the way for optimism in the market.</p> 
<p style="text-align: justify">This approval not only strengthened Ethereum but also positively impacted ONDO, which is among the tokens associated with Ethereum. As a strong asset based on Ethereum, ONDO significantly benefited from this regulatory development and aligned with the broader “real-world asset” narrative in the <a href="https://en.coin-turk.com/top-executives-exit-binance-worlds-largest-crypto-exchange-reacts-swiftly/" data-wpel-link="internal">crypto market</a>.</p> 
<h2 style="text-align: justify" id="coinbase-listing-as-another-price-boosting-factor">Coinbase Listing as Another Price-Boosting Factor</h2> 
<p style="text-align: justify">Another crucial factor contributing to ONDO’s rise was its recent listing on Coinbase. Coinbase listed ONDO-PERP alongside PYTH-PERP and ZETA-PERP, increasing the token’s visibility and trading volume. This listing provided greater accessibility and trading flexibility for investors, resulting in a 130% increase in <strong>ONDO</strong>‘s trading volume.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-355354 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/05/ONDOUSDT_2024-05-24_15-18-59.png" alt="" width="1814" height="798"></p> 
<p style="text-align: justify">Strong institutional support also played a critical role in ONDO’s growth story. Ondo Finance secured strategic partnerships and investments from major venture capital firms such as <strong>Pantera Capital</strong>, Coinbase Ventures, Tiger Global Management, Wintermute, and GoldenTree Asset Management. These institutional endorsements boosted investor confidence and supported strong long-term growth prospects for ONDO. At the time of writing, Ondo’s price was at $1.15.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/ondo-finance-token-rises-significantly/" data-wpel-link="internal">Ondo Finance Token Rises Significantly</a></h5>

Ondo Finance Token Rises Significantly

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