Is It Too Late to Buy Ondo? ONDO Price Turns Green as Attention Shifts to New AI Meme Coin – $2.5 Million Raised
As the Ondo Finance (ONDO) price surges to new record highs above $1.10 per token, investors are fretting and asking whether it is too late to buy Ondo.
ONDO is up around 26% this week as traders pile in on bets for rapid Ethereum ecosystem growth.
Spot Ethereum ETFs were approved by the SEC this week. This is expected to spur a flood of liquidity into ETH and its ecosystem.
BOOM!! APPROVED! There it is. The SEC just approved spot #Ethereum ETFs. What a turn of events. It's really happening.
h/t @PhoenixTrades_ pic.twitter.com/KQ39mDyCbT
— James Seyffart (@JSeyff) May 23, 2024
Price moment looks set to remain strong in wake of the convincing break above key resistance around $1.
Ondo Finance’s fundamentals support a bullish outlook.
One of the most promising growth sectors within crypto (and Ethereum) is the tokenization of real-world assets.
Ondo Finance is an Ethereum-based platform that does just this. For some time it has ranked as one of the best RWA coins to invest in.
One of the platform’s biggest success stories is its Ondo Short-Term US Government Treasuries (OUSG) token.
The token yields 4.96% and has nearly $200 million in trade value locked, per the project’s website.
Ondo Finance’s overall TVL recently hit a record high above $450 million, as per DeFi Llama.
That’s up more than double versus the start of the year.
It shouldn’t come as a big surprise then ONDO is up nearly 600% year to date, as per CoinMarketCap.
Many investors will be fretting about not buying soon, and asking if it is too late to buy ONDO.
They shouldn’t overthink too much. ONDO’s price growth is only likely to continue as Ethereum grows post-ETF approval.
With a fully diluted market cap of around $11.3 billion, ONDO could still 5x or more in the coming
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