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Ondo Finance Coin Reaches All-Time High Amid Strong Rally
Ondo Finance coin has surged to a new all-time high, with its price reaching $2.15 on Monday, Dec. 16. This significant increase marks a rise of over 327% from its August low. The tokenization industry leader’s growth can be attributed to a buying spree by World Liberty Finance, a platform associated with Donald Trump.
World Liberty Finance’s Buying Spree
World Liberty Finance’s recent purchases of ONDO tokens worth over $250,000 have contributed to the coin’s strong rally. This is not the platform’s first investment in the cryptocurrency market. It has also purchased Ethereum tokens worth $57 million, USDC worth $6.1 million, and AAVE worth $2.3 million. World Liberty Finance’s portfolio now includes a diverse range of assets, including Bitcoin derivatives, Chainlink, Ethena, Grok, and REKT.
Ondo Finance’s Growth and Tokenization Industry
The total value of World Liberty Finance’s holdings now exceeds $83.7 million, according to Nansen. Ondo Finance’s growth is also fueled by the expanding tokenization industry. Data from its website indicates that the total value locked in Ondo’s network exceeds $615 million, comprising $449 million in assets from its US Dollar Yield tokenized product and $173 million from its US Treasuries tokens.
Demand for Real World Asset (RWA) tokenization continues to drive Ondo Finance’s growth. Analysts predict that RWA tokenization will reach $50 billion in 2025, with Ondo playing a crucial role in this industry.
2025 PREDICTION: Tokenized real-world assets (RWAs) will reach $50B. Wall Street is starting to recognize that tokenization offers clear advantages. We suspect that a wave of big institutional money is about to pour in.
Ondo Finance Price Analysis
The daily chart shows that ONDO has maintained a strong uptrend over the past few months. It recently broke above a critical resistance level at $1.4840, completing the upper side of a cup-and-handle pattern. Ondo has also surpassed the pivot and reverse point of the Murrey Math Lines at $2.
Key points to note:
- ONDO price remains above all major moving averages, indicating that bulls are firmly in control.
- Oscillators like the Relative Strength Index (RSI) and the MACD are pointing upwards.
- Bulls are targeting the key resistance level at $2.5, approximately 25% above the current price.
- A drop below the support level at $1.48 would invalidate the bullish outlook.
For more news and updates on the cryptocurrency market, visit Global Crypto News.
