Main Takeways:-
- Altcoin Market Cap falls from $ 1.6t to $ 950b in four months.
- Ondo collaborates with Blackrock, Paypal and Google Cloud.
- The Token owns $ 0.82, but the risks of falling to the level of $ 0.70.
The cryptocurrency market has moved to a strong bearish trend, with coinbase market analysis on April 15 that shows a 41% decrease in the total market value of Altcoin.
Out of its $ 1.6 billion peak in December 2024, Altcoins currently exist at $ 950 billion, eliminating $ 650 billion in value.
This fall has caused acute drops throughout the market, especially for projects that had seen a growing adoption by institutions in the past.
The native token of Ondo Finance, $ ondo, has been one of the most damaged, falling below 60% of its high value.
The decrease occurs despite the fact that the platform is increasing its real world assets strategy and gaining more attention in commercial and political circles.
ONDO DEVELOP THE RWA NET FOR GROWTH
ONDO FINANCE, inserted In 2021, it has been established as an important player in the RWA sector. The platform aims to bring high quality financial products such as US government bonds.
In February, the project introduced its own layer of layer 1 blocks concentrated in RWA token. It reveals collaborations with Google Cloud, Blackrock, PayPal, Franklin Templeton, Wisdomtree and McKinsey.
Even with this impulse, Ondo is currently traded at $ 0.8219, falling more than 60% since its December peak. Its general market trend is negative, and the price is constantly maintained below the mobile averages of 20, 50 and 200 days.
Trump -related support increases impulse
In addition to its corporate associations, Ondo has recently won political attention. Donald Trump Jr. attended the Ondo Finance Summit, and World Liberty Financial, which is linked to the Trump family, invested $ 460,000 at $ ONDO only one week before the event.
Although this support attracted the attention of the media, the general trend of the market has not changed.
Ondo also committed to the Mastercard Multiple Network (MTN), announcing the short -term Ondo UD Treasuries Fund (OUSG) as the first tokenized asset of the network.
This action is a step to carry active real world (RWAS) to regular finances, which could compete with traditional products from large asset administrators.
Ondo faces critical support test
From a technical point of view, $ Ondo is maintaining the support between $ 0.81 and $ 0.82, with the mobile average of 100 periods at $ 0.8161. The Token has faced multiple rejections between $ 0.88 and $ 0.90, which was an area of past interest of large investors, demonstrating that the resistance remains at the top.
A fall below this support level could transfer the token in the direction of $ 0.75 – $ 0.77, or perhaps at $ 0.70, which worked as a recovery point at the beginning of Q1. These levels remain important to assess the short -term losses potential.
On the other hand, the GM GM GM platform of ONDO has supported the protocol to reach more than $ 1 billion in total blocked value (TVL) for March. The daily negotiation volume has exceeded $ 300 million, with annual revenues at $ 6 million, according to defill.
Collaborations with fast -growing networks such as suitable, which has exceeded $ 1 billion in Stablecoin TVL, strengthen Ondo’s position in the decentralized financial space.
The short -term perspective is negative, but with strong connections in the financial and political sectors, Ondo is still preparing for long -term importance in the institutional cryptography market.
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