{"id":79483,"date":"2024-05-25T06:07:33","date_gmt":"2024-05-25T10:07:33","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=79483"},"modified":"2024-05-25T06:08:05","modified_gmt":"2024-05-25T10:08:05","slug":"trader-predicts-ondo-price-rise-to-2-35-calls-it-rwa-king","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/trader-predicts-ondo-price-rise-to-2-35-calls-it-rwa-king\/","title":{"rendered":"Trader Predicts ONDO Price Rise to $2.35, Calls It RWA King"},"content":{"rendered":"\n

Following SEC approval of Ethereum spot ETFs<\/a>, ONDO's price surged 13.26%, rising from $0.92 to $1.22.<\/p>\n\n\n\n

\"Trader
Trader Predicts ONDO Price Rise to $2.35, Calls It RWA King<\/figcaption><\/figure>\n\n\n\n

On account of the SEC's approval of eight Ethereum spot ETFs, the price of the foremost RWA cryptocurrency project ONDO increased substantially. Prior to the announcement, the price of ONDO was $0.92.<\/p>\n\n\n\n

Nevertheless, the token experienced an extraordinary surge of 13.26% within twenty-four hours of the announcement, surpassing the critical psychological threshold of $1 and ascending to $1.22.<\/p>\n\n\n\n

In recent times, esteemed cryptocurrency trader Sjuul imparted knowledge, designating ONDO as the epitome of Real World Asset (RWA) discourse.<\/p>\n\n\n\n

The crypto community has been captivated by the renowned crypto trader<\/a> Sjuul's evaluation of ONDO's performance. By emphasizing its capabilities in the Real World Asset (RWA) discourse, Sjuul has established ONDO as a prominent contender in the continuously developing cryptocurrency industry.<\/p>\n\n\n\n

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$ONDO\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> has been showing incredible strength and has become the king of the RWA narrative.

If you are a holder and want to have an objective plan for your take-profit strategy, use the Fibonacci levels in my chart.

As long as we stay in price discovery, those should be targets. pic.twitter.com\/pZdg3Yzv0T<\/use><\/svg><\/span><\/a><\/p>— Sjuul | AltCryptoGems (@AltCryptoGems) May 25, 2024<\/use><\/svg><\/span><\/a><\/blockquote>

Sjuul recommended that ONDO holders incorporate Fibonacci levels into their trading strategies in a tweet. The levels delineated in his chart analysis provide a methodical framework for establishing take-profit objectives amid the bullish momentum surrounding cryptocurrency.<\/p>\n\n\n\n

The trader advised ONDO to prioritize establishing a robust support level and suggested that the stock might pursue price targets of $1.35, $1.85, and $2.35. According to him, ONDO is capable of achieving these objectives so long as it remains in the price discovery phase.<\/p>\n\n\n\n

Recently, Ondo Finance incorporated its assets into BlackRock's BUIDL tokenization fund on Ethereum<\/a>, thereby strengthening ONDO's connections to the ecosystem of the cryptocurrency titan. The correlation between this strategic maneuver and the Ethereum ETF news is explicable.<\/p>\n\n\n\n

Consequently, following the SEC's approval of eight Ethereum spot ETFs, the value of ONDO experienced a substantial surge, increasing by 14% to $1.20.<\/p>\n\n\n\n

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Yesterday night when the news broke out about the Eth approval and I tweeted that I am doing absolutely nothing with that info based on the chart looking like only idiots trading it, which aged well.

But I did notice $Ondo<\/use><\/svg><\/span><\/a> being an outlier beneficiary. But I thought, still\u2026 pic.twitter.com\/OQnt3ip1eG<\/use><\/svg><\/span><\/a><\/p>— Sp3y3Der \u259a\u2598\u259a\u2598\u259a\u2598 (@sp3y3der) May 24, 2024<\/use><\/svg><\/span><\/a><\/blockquote>

DeFiLlama's most recent report indicates that the Total Value Locked (TVL) of Ondo Finance<\/use><\/svg><\/span><\/a> has soared to $458.42 million, indicating a solid long-term trajectory. The TVL could reach $1 billion within a few months if this trend continues, which would increase the price of ONDO to $2 or $4.<\/p>\n\n\n\n

Furthermore, according to Santiment data, ONDO's monthly volume has increased substantially to $449.50 million, signifying a substantial surge in interest.<\/p>\n","protected":false},"excerpt":{"rendered":"

Following SEC approval of Ethereum spot ETFs, ONDO’s price surged 13.26%, rising from $0.92 to $1.22. On account of the SEC’s approval of eight Ethereum spot ETFs, the price of the foremost RWA cryptocurrency project ONDO increased substantially. Prior to the announcement, the price of ONDO was $0.92. Nevertheless, the token experienced an extraordinary surge […]<\/p>\n","protected":false},"author":36,"featured_media":79485,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[19704,886,324],"class_list":["post-79483","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ondo","tag-price","tag-trader"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/05\/ondo-finance_positive_1661642721.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/79483","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=79483"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/79483\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/79485"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=79483"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=79483"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=79483"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}