Ondo Finance Reports Major Developments, Analyst Predicts Price Surge for ONDO
Investors are focusing on ONDO following significant developments at Ondo Finance in July. Key highlights include:
- Launch of Ondo Catalyst, a $250 million initiative backed by Pantera Capital for scaling tokenized real-world asset (RWA) markets.
- Acquisitions of Strangelove and Oasis Pro to enhance technical infrastructure and legal compliance for tokenized securities.
- Integration approvals for USDY stablecoin with Sei Network and Alchemy Pay to increase accessibility.
- Recognition in the White House’s Digital Asset Markets Report as a leader in compliant tokenized finance.
- Expansion of Global Markets Alliance to 25 members, including BNB Chain and Bitget Global.
Ondo Finance operates in asset management and technology development, offering tokenized investment products like USDY and OUSG. The ONDO token serves various utility roles including governance participation and staking.
As of Monday, ONDO is priced at $0.9256, reflecting a 1.67% increase over 24 hours. Technical analysis indicates:
- ONDO rose from $0.90 to $0.93 on August 3-4, achieving a 5% intraday gain.
- Notable price action occurred at midnight UTC on August 4, with a volume exceeding 7.9 million units.
- Resistance identified around $0.945 post-breakout.
- Increased trading volume suggests bullish momentum and institutional interest.
- Final surge added another 1% within the last hour of trading on August 4.