2024

Million

Chainlink

Spot

<ul class="list-ic vertical">
 <li>1 <a>The ONDO token price depicted massive bullish momentum on the charts.</a></li>
 <li>2 <a>Buyers are eyeing to cross the $1 mark and highlighting an uptrend.</a></li>
</ul>
Recently, the Real-world assets (RWAs) have come into focus in the crypto space. ONDO token is one of them, which began to skyrocket gains this week.
This week, the token has completed the fund data tokenization pilot by the Depository Trust &amp; Clearing Corporation (DTCC) and Chainlink in collaboration with major U.S. banks.
As a result, the ONDO token price has reached the 52-week high mark and signifies sharp whale buying activity. In addition, the token trades close to the round mark of $1 and will get to the blue-sky zone soon.
At press time, the ONDO token (ONDO) price traded at $0.9734 with an intraday surge of 1.10%, reflecting sharp bullishness on the charts. It has a monthly return ratio of 43.20% and 3167.20% yearly.
The pair of ONDO/BTC is at 0.0000145 BTC, and the market cap is $1.94 Billion. Analysts are neutral and suggest that the ONDO price may cross the $1 mark and might escape the ATH soon.
<h2 class="wp-block-heading" id="strong-ondo-hints-whale-accumulation-1-mark-on-the-cards-strong">ONDO Hints Whale Accumulation: $1 Mark On The Cards?</h2>
This week, a sharp bullish wave led the token to surge over 38%, crossing the key moving averages. Moreover, the token is looking for a sharp rally ahead to break its ATH mark of $1.05. <iframe loading="lazy" title="Santiment Chart: Price (ONDO), Volume (ONDO)" width="1170" height="450" src="https://embed.santiment.net/chart?ps=ondo-finance&amp;pt=ONDO&amp;df=2023-11-18T18%3A29%3A59.776Z&amp;dt=2024-05-18T18%3A29%3A59.776Z&amp;emcg=1&amp;emhwm=1&amp;wm=price_usd%3Bvolume_usd&amp;wax=0%3B1&amp;wc=%2326C953%3B%23D2D6E7&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
Source: Santiment
A significant spike in the trading volume of over 27.37% to $260.78 Million revealed investor speculation in the last 24 hrs.
<center>
 <blockquote class="twitter-tweet">
 The price of <a href="https://twitter.com/hashtag/RWA?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#RWA</a> token <a href="https://twitter.com/search?q=%24ONDO&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ONDO</a> pumped ~10%, after DTCC, <a href="https://twitter.com/hashtag/Chainlink?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Chainlink</a> completed fund data tokenization pilot with U.S. banks! In the past 17 hours, New whale 0x803 withdrew 957 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a> from <a href="https://twitter.com/hashtag/Gemini?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Gemini</a> and has swapped 796.3 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a> ($2.38M) for 2.64M <a href="https://twitter.com/search?q=%24ONDO&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ONDO</a> at ~$0.902! The <a href="https://twitter.com/search?q=%24ONDO&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ONDO</a> buying is… <a href="https://t.co/PP8FNUmPWC" rel="noopener noreferrer nofollow">pic.twitter.com/PP8FNUmPWC</a>— Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1791379615438733685?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 17, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</center>
Source: Twitter
After successfully completing the DTCC- Chainlink pilot project, RWA tokens, including the ONDO, witnessed a sharp surge and outperformed the crypto market.
Going forward, a new whale, identified by the address 0x803, made a notable move by withdrawing 957 ETH from the <a href="https://www.thecoinrepublic.com/2023/12/31/comparing-two-popular-crypto-exchanges-gemini-and-coinbase/" target="_blank" rel="noopener noreferrer nofollow">Gemini exchange</a>, according to the Spot On Chain.
<h3 class="wp-block-heading" id="strong-sharp-spike-in-volatility-what-s-next-for-ondo-strong">Sharp Spike In Volatility: What’s Next For ONDO?</h3>
Following the sharp price surge, the price volatility witnessed an intense fluctuation, reflecting the rush among investors to buy the RWA tokens.
This week, the volatility data showcased a spike of over 76% to the 0.034 mark. <iframe loading="lazy" title="Santiment Chart: Price Volatility 1d (ONDO), Weighted sentiment (Total) (ONDO)" width="1170" height="450" src="https://embed.santiment.net/chart?ps=ondo-finance&amp;pt=ONDO&amp;df=2023-11-18T18%3A29%3A59.776Z&amp;dt=2024-05-18T18%3A29%3A59.776Z&amp;emcg=1&amp;emhwm=1&amp;wm=price_volatility_1d%3Bsentiment_volume_consumed_total&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
Source: Santiment
Likewise, the weighted sentiment looks spiked to the bullish region and is highlighting the positive outlook.
<h3 class="wp-block-heading" id="strong-futures-data-replicate-massive-long-add-ons-strong">Futures Data Replicate Massive Long Add-Ons</h3>
As per the coinglass futures derivative data, sharp, long buildup activity was noted.
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="236" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-233-1024x236.png" alt="" class="wp-image-206076" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-233-1024x236.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-233-300x69.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-233-768x177.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-233-750x173.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-233-1140x263.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-233.png 1436w" sizes="(max-width: 1024px) 100vw, 1024px">
 </figure>
</div>
Source: CoinGlass
The open interest data spiked over 15.27% to $198.17 Million in the last 24 hrs, signifying the massive whale accumulation.
<h4 class="wp-block-heading">Conclusion</h4>
The ONDO token price rose over 3% intraday and might soon skyrocket gains above the $1 mark. Buyers have gained traction and persisted in accumulation, while the bear cartel looked trapped and covered their positions.
<h5 class="wp-block-heading">Disclaimer</h5>
The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.&nbsp;

The ONDO Price Reached a 52-Week High: Can It Cross $1 Mark Soon?

目錄

Thecoinrepublic.com

在 2024年5月18日發表的其他文章

Bitcoin (BTC) Price Reaches Critical Resistance, Potential Bearish Rejection Ahead

Analyst Predicts 3000% XRP Surge

Ethereum Approaches $3,200 Resistance Level

Point72 Invests $77.5M in Bitcoin ETF

Vitalik Buterin Praises Ethereum Ecosystem’s Commitment to Free Expression

Crypto and banking: tokenization of the global financial system is yet to come | Opinion

訂閱免費電子報，每天收取加密貨幣最新動態！