Ondo

Drift

World

Bitcoin

<p>Real World Assets (RWAs) are not following the ongoing Bitcoin price decline trajectory. This has caught the attention of <a href="https://x.com/itzjoshuajake/status/1805648023068065820" target="_blank" rel="noopener noreferrer nofollow">Joshua Jake, the CEO of Discover Crypto</a>, who posted about it to discuss what could be causing the strength of these RWA asset classes using ONDO as an example.</p>
<p>Ondo Finance is a cross-chain DeFi project operating in the RWA space. Specializing in tokenized securities, Ondo offers yield-bearing opportunities backed by US Treasuries and other assets like Blackrock’s $BUIDL. This unique positioning in the market has contributed to its recent success.</p>
<h2 class="wp-block-heading" id="recent-price-action-and-market-performance">Recent Price Action and Market Performance</h2>
<p>Despite the overall crypto market correction, Ondo’s price action has remained stable. Since Joshua’s last major analysis, $ONDO has almost doubled in value to reach a recent high of around $1.50. The ongoing price corrections from many cryptos are not affecting its price, making it remain strong.</p>
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<p><strong>Strategic Partnerships Fueling Growth</strong></p>
<p>Ondo Finance has been proactive in expanding its ecosystem through strategic partnerships:</p>
<ol>
 <li>Nonco OTC: This collaboration aims to deepen liquidity for $USDY, Ondo’s stablecoin.</li>
 <li>Hex Trust: A partnership focused on expanding custody solutions for Ondo’s assets.</li>
 <li>Drift Protocol: Perhaps the most significant recent development, this partnership allows $USDY to be used as collateral in perpetual markets.</li>
</ol>
<p><strong>The Drift Protocol Partnership: A Game-Changer</strong></p>
<p>The collaboration with Drift Protocol has generated significant buzz in the crypto community. By enabling $USDY to be used as collateral for perpetual markets, Ondo is tapping into a massive market opportunity. Traders can now earn yield while backing their trades, providing a compelling use case for Ondo’s assets.</p>
<p>To put this into perspective, the crypto perpetual market saw $2 trillion in trading volume during the bear market, surpassing Uniswap’s highest historic trading volume. In April, it reached a record $6 trillion, highlighting the immense potential of this market segment.</p>
<h2 class="wp-block-heading" id="ondo-price-prediction-and-future-outlook">ONDO Price Prediction and Future Outlook</h2>
<p>Given Ondo’s recent performance and strategic moves, the future looks promising for $ONDO. The token has already achieved the previously predicted range of $1-2. Looking ahead, if other derivative platforms follow Drift’s lead and integrate Ondo, we could potentially see $ONDO reaching $12-15 by 2025. This represents a significant potential return from current price levels.</p>
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<p><strong><em>Read Also: <a href="https://captainaltcoin.com/why-is-notcoin-not-price-up/" target="_blank" rel="noopener noreferrer nofollow">Why is Notcoin (NOT) Price Up?</a></em></strong></p>
<p><strong>Factors Contributing to RWA Resilience</strong></p>
<p>Several factors may be contributing to the strong performance of RWAs like Ondo in the face of broader market volatility:</p>
<ol>
 <li>Real-world backing: Assets tied to tangible, real-world value may be seen as more stable during times of crypto market uncertainty.</li>
 <li>Yield opportunities: In an inflationary environment, yield-bearing assets become increasingly attractive to investors.</li>
 <li>Expanding use cases: Partnerships like the one with Drift Protocol create new utility for RWA-backed tokens, driving demand.</li>
</ol>
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<p>The post <a href="https://captainaltcoin.com/why-are-rwa-crypto-assets-pumping-despite-bitcoin-btc-price-decline-ondo-price-prediction/" rel="noopener noreferrer nofollow">Why Are RWA Crypto Assets Pumping Despite Bitcoin (BTC) Price Decline? ONDO Price Prediction</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Why Are RWA Crypto Assets Pumping Despite Bitcoin (BTC) Price Decline? ONDO Price Prediction

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