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Will ONDO Price Reach $3 As Ondo Finance Launches Tokenization Platform?
The $3.25 trillion crypto industry is on the cusp of a significant recovery following a massive market crash. Aligning with the broader market trend, the ONDO price is also poised for a dramatic breakout.
Notably, the potential surge of the ONDO token could be mainly attributed to Ondo Finance’s recent launch of Ondo Global Markets (Ondo GM). While the real-world asset tokenization platform’s initiative envisions tackling the challenges of the traditional securities landscape, it could significantly boost the ONDO price.
ONDO Price Set for a 3x Surge
Crypto analyst World of Charts predicted via his recent X post that the ONDO price could skyrocket by 2-3x. According to the analyst, the ONDO token’s growth would coincide with the broader crypto market’s uptrend after the recent crash. The chart presented by the analyst showcases the possibility of ONDO hitting $3.4 soon.
Reflecting on World of Charts’ predictions, another analyst, known on X as Easy, forecasted that the ONDO price would reach $3 if it crosses $1.5. However, if the token fails to surge past $1.3, ONDO may fall back to $1.
What Triggers ONDO’s Potential Upsurge?
In a recent development, Ondo Finance announced the launch of Ondo Global Markets (Ondo GM), a blockchain-based platform that brings traditional financial markets on-chain, enhancing accessibility and efficiency. The initiative has highly influenced the ONDO price, which targets even an ambitious mark of $5 this year.
The platform intends to address conventional issues like high fees, limited access, transaction difficulties, and other risks inherent to the traditional securities market. The move follows Ondo Finance’s alliance with Ripple to launch its tokenized US Treasury fund, OUSG, on XRP Ledger (XRPL).
In an official blog post, Ondo Finance stated,
The current investing experience is broken. High fees, limited access, transfer frictions, platform fragmentation, and hidden risks create barriers for both investors and the companies that serve them.
Ondo Finance Witnesses Major Developments
Recently, Ondo Finance introduced Ondo Nexus, a project aimed at enhancing liquidity for tokenized Treasuries issued by third parties. The initiative drove the ONDO price to $1.38, marking a 15% hike.
In addition, the first-ever ONDO Summit will be streaming live from New York on February 6, 2025. These developments could significantly drive the ONDO price to new highs.
As of now, the ONDO price is at $1.43, marking a marginal loss of 0.30%. Despite a weekly gain of 3.2%, the token has experienced a 6% dip over the last month.
Nynu V Jamal
Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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