ONDO up 60% in a Month – Can 21Shares ETF Filing trigger $2 Next?
Main Idea
ONDO's price surged 60% in a month, driven by institutional partnerships and a 21Shares ETF filing, with analysts predicting further growth potential.
Key Points
1. ONDO's price rose from $0.6942 to a peak of $1.169 in July, with a 10.44% pullback to $1.025 at the time of writing.
2. 21Shares filed for a spot ETF tracking ONDO, potentially boosting institutional demand.
3. Ondo Finance partnered with major institutions like BlackRock and JPMorgan for real-world asset tokenization.
4. Analysts suggest ONDO could reach $2 or higher, citing bullish technical indicators and a $27 trillion Treasury market opportunity.
5. Technical analysis indicates a potential breakout to $1.61 after a 9% correction, with RSI at 62.29.
Description
ONDO , the native cryptocurrency of Ondo Finance , has surged 60% over the past month, climbing from its July opening price of $0.6942 to reach a peak of $1.169 on July 21. This impressive rally was further accelerated by 21Shares’ recent ETF filing targeting the ONDO token. At the time of writing, however, ONDO has experienced some profit-taking activity, declining by 10.44% to trade at $1.025 during the session. This correction has resulted in a decrease in the token’s market capitalization fr...
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