- With a recent $100 million committed to the tokenization of assets, ONDO might hit $3.50 in 2024.
- 2027 might be bearish for ONDO but the price prediction for 2028 is $10.
- By 2030, crypto adoption is expected to fuel ONDO’s rise to $28.50
The tokenization of Real World Assets (RWAs) is a narrative that has been growing in the ecosystem for a while. Also, the fact that institutional investment firm BlackRock has provided a mind-blogging $100 million fund for RWAs built on Ethereum (ETH) makes it a sector to consider looking at.
This has ensured that the intersection between traditional finance and the blockchain ecosystem continues to grow. With RWAs, users can own physical assets on the blockchain through the issuance of tokens.
The development also makes settlements with these assets faster instead of the usual time-wrecking process offline. One project excelling in this regard is Ondo (ONDO), which was also built on Ethereum.
In this piece, Coin Edition explains what Ondo is. You would also have an idea of its use cases beyond the ones mentioned above. In addition, we will look at the ONDO token, its performance over the last few months, and its price prediction from 2024 to 2030.
Table of contents
- Ondo (ONDO) Real Time Market Status
- What is Ondo (ONDO)?
- ONDO Current Market Status
- Ondo (ONDO) Price Analysis
- Ondo (ONDO) Price Prediction 2024
- Ondo (ONDO) Price Prediction 2025
- Ondo (ONDO) Price Prediction 2026
- Ondo (ONDO) Price Prediction 2027
- Ondo (ONDO) Price Prediction 2028
- Ondo (ONDO) Price Prediction 2029
- Ondo (ONDO) Price Prediction 2030
- Ondo (ONDO) Price Prediction 2040
- Ondo (ONDO) Price Prediction 2050
- Conclusion
- FAQs
Ondo (ONDO) Real Time Market Status
| 🪙 Name | Ondo |
| 💱 Symbol | ONDO |
| 🏅 Rank | #77 |
| 💲 Price | $0.839869277039 |
| 📊 Price Change (1h) | -0.44 % |
| 📊 Price Change (24h) | 2.5 % |
| 📊 Price Change (7d) | 4.66 % |
| 💵 Market Cap | $1167216590.8 |
| 💸 Circulating Supply | 1389759838.48 ONDO |
| 💰 Total Supply | 10000000000 ONDO |
Ondo (ONDO) is currently trading at $0.839869277039 and sits at number #77 on CoinMarketCap in terms of market capitalization. There are 1389759838.48 ONDO coins currently in circulation, bringing the total market cap to $1167216590.8.
Over the past 24 hours, Ondo has increased by 2.5%. Looking at the last week, the coin is up by 4.66%.
What is Ondo (ONDO)?
Ondo Finance started building the ONDO project around May 2022. At that time, it was able to get a $20 million investment for its development. The project says that it’s building the next generation of financial infrastructure and also improving transparency and accessibility via RWAs.
Currently, Ondo has a Decentralized Autonomous Organization (DAO) which gives holders access to other protocols. Holding ONDO tokens means that you can access institutional-grade finance. One of them is Flux Protocol which allows holders to borrow and lend on-chain.
As of this writing, 52.15% of the total ONDO holders own from 0 to $1,000 worth of the asset. 48.56% own tokens worth $1,000 to $100,000 while 1.28% hold tokens worth above $100,000.
ONDO Current Market Status
ONDO’s price as of this writing was $0.72, representing an amazing 43.41% increase in the last 24 hours. It would also interest you to know that the value of ONDO has increased by 3.5x in the last 90 days.
Like the price, the 24-hour trading volume of the token surged. According to CoinMarketCap, the volume was $410.89 million. ONDO’s incredible price increase has ensured that it is a top 100 cryptocurrency with a market cap of $1.01 billion.
Furthermore, the project has a total supply of 10 billion tokens. Out of the total, 1.89 billion were in circulation. You can access any of the circulating tokens on different exchanges including Coinbase, KuCoin, Binance, Bitrue, and others. If you prefer decentralized exchanges, you can check for the WETH/ONDO pair on Uniswap v3 and Balancer v2 to get a piece of ONDO.
Ondo (ONDO) Price Analysis
Technical analysis is an important part of price prediction. Yes, fundamentals, demand, and supply play a key role in the performance of a token. But with price analysis, you can forecast how high or low a token can go in the short or long term.
In this section, Coin Edition will look at ONDO’s price prediction for the rest of 2024. You will also find the price predictions from 2025 to 2050.
Ondo (ONDO) Price Analysis – Bollinger Bands
According to the 4-hour ONDO/USD chart, the Bollinger Bands (BB) expanded. An extension of the bands is a sign of extreme volatility. Therefore, the price of the cryptocurrency might experience massive price fluctuations in the short term.
However, the upper band of the BB tapped ONDO around $0.71, indicating that the token was overbought. As it stands, this could lead to a retracement and possibly drive the value as low as $0.63.
But if bulls continue to neutralize the presence of bears, ONDO’s price might recover in no time, and it could extend to $0.80.
Ondo (ONDO) Price Analysis – Relative Strength Index
Indications shown by the Relative Strength Index (RSI) were similar to the BB. At press time, the RSI was 75.99. A reading over 70.00 was proof that ONDO was overbought. Assuming the reading was less than that but not below 50.00, then we can say that ONDO’s buying momentum was solid.
With this reading, the price of ONDO might slow down from its upswing in the short term. But a potential decline might not be the end of the uptrend as another round of accumulation might fuel another hike.
Ondo (ONDO) Price Analysis – Moving Average Convergence Divergence
As of this writing, the Moving Average Convergence Divergence (MACD) was $0.027. Since the MACD was positive, it meant that ONDO’s momentum was bullish.
If the reading remains in the positive region and the histogram bars continue to trend higher, then ONDO might retest $0.73.In a scenario where the MACD consistently rises higher, the price could hit $1 within a few weeks.
Ondo (ONDO) Price Prediction 2024
On the daily timeframe, ONDO produced a bullish engulfing candle on March 18. This candlestick was a testament that bulls were in control of the direction. Previously, the price of the token went as low as $0.44.
But bulls identified seller exhaustion at this point and capitalized on it to push the price higher. A climb above $0.55 which was a resistance zone before, validated the bullish run. Coin Edition also looked at the Directional Movement Index (DMI).
At press time, the +DMI (green) was 28.03 while the – DMI (red) was 14.88. The difference in these indicators meant that ONDO’s direction trend was northward. However, the Average Directional Index (ADX) showed something else.
Typically, the ADX (yellow) shows whether a directional movement is strong or weak. As of this writing, the ADX trended downwards, indicating that the uptrend could soon slow down. Should this be the case, ONDO’s price might decline.
However, this potential short-term reversal might not negate the bullish price prediction for 2024. In 2024, ONDO is expected to experience a lot of adoption and demand. Therefore, the 2024 price prediction could be around $3.5.
Ondo (ONDO) Price Prediction – Resistance and Support Levels
Bulls’s ability to spot a support at $0.41 helped ONDO break out of its descending channel. On the 4-hour chart, the price of the token nosedived between March 10 and 18. But the increase in accumulation in that region drove a rally.
Furthermore, ONDO faced resistance at $0.49. But bulls were able to clear the path for a further increase. Another area where it experienced a stumbling block was around $0.59. Like the previous time, the price did not face rejection.
Moving on, the price of ONDO might encounter another hurdle especially as it approaches $1. A close above the potential resistance might validate its increase to $3.50. However, an unsuccessful attempt could drive the price below $0.70.
Ondo (ONDO) Price Prediction 2025
By 2025, ONDO’s price might surge higher than whatever all-time high it hits in 2024. This is because many institutions might have adopted the tokenization of a lot of assets. If this is the case, demand for the token might be out of this world. Hence, the 2025 price prediction for ONDO is $12.
Ondo (ONDO) Price Prediction 2026
ONDO’s price prediction for 2026 might also come with some uptrend. But that would depend on the RWA narrative. Should the hype around the token remain, then ONDO’s price might hit $15 by 2026.
Ondo (ONDO) Price Prediction 2027
In 2027, the price of ONDO might not be as bullish as the previous two years. This is because the broader crypto market could be in a bear cycle. Hence, market participants might have taken out a lot of liquidity and the ONDO’s price might fall to $7.50.
Ondo (ONDO) Price Prediction 2028
In 2028, the price of ONDO would most likely recover from the 2027 lows. However, it might not hit the highs of 2026. Therefore, the price prediction for the year could be $10.
Ondo (ONDO) Price Prediction 2029
With the likes of BlackRock involved in the tokenization of assets, the industry might have grown to a trillion-dollar one in 2029. If this is the case, the price of ONDO might hit $25 in 2029.
Ondo (ONDO) Price Prediction 2030
The price prediction for ONDO in 2030 could be higher as it is projected to hit $28.50
Ondo (ONDO) Price Prediction 2040
By 2040, crypto adoption might be much higher than it currently is. Due to this, the community of many projects might have hit millions including ONDO. As such the 2040 price prediction for ONDO could be $37.65
| Minimum Price | Average Price | Maximum Price |
| $16.84 | $22.96 | $37.65 |
Ondo (ONDO) Price Prediction 2050
ONDO’s price prediction for 2050 could be as high as $55. On average, the price is expected to trade above $40. However, the value could rise than that as a lot of tokens might already be unlocked and participants might keep demand for them.
| Minimum Price | Average Price | Maximum Price |
| $30.32 | $43.27 | $55.50 |
Conclusion
In conclusion, Ondo, despite being a relatively new project, has fundamentals that can keep it relevant for years. In addition, the recent $100 million fund BlackRock put into tokenization projects might increase in the years to come.
Therefore, the future of ONDO looks bright and its price might continue to tap new highs. However, it is important to mention that there would be times when the value would also decrease.
FAQs
ONDO is the utility token of Ondo, an Ethereum-based project with a focus on the tokenization of Real World Assets (RWAs). Ondo also helps users access institutional finance through its ecosystem. As an ONDO holder, you can lend or borrow on-chain.
Buying ONDO is as simple as buying other cryptocurrencies you can find on exchanges. ONDO is available on Binance, Gate.io, Coinbase, Bybit, and a host of others. Apart from these platforms, you can head over to Uniswap or Balance to swap Wrapped Ether (WETH) for ONDO.
For those who bought ONDO three months ago, the project is a good investment considering that the returns have been tremendous. Going forward, the token can continue to be a good investment for long-term holders. One reason is that there is a high chance that demand for the token increases. If this is the case, the value will appreciate.
ONDO’s all-time high is $0.73. It reached the value after an incredible double-digit rise on March 21.
ONDO can reach $10. However, it might not happen this year as the price is currently below $1. But as the tokenization of assets continues to gain traction, the cryptocurrency might be one of the first movers whose price might gain significantly from the adoption. So, yes, ONDO might reach $10 but it might not be as soon as you might imagine.
The maximum supply of ONDO is 10 billion tokens. However, only about 14% of these tokens are in circulation as the project might decide to unlock the restricted tokens later in the future.
From the look of things, ONDO has every potential to surpass its current ATH. Apart from its recent bullish performance, its fundamentals and interest in the RWA sector can drive the price higher. As such, the price of ONDO might be much higher than its current ATH in a few months.
The lowest price of ONDO was $0.089 on January 19, 2024.
The founder of ONDO is Nathan Allman. He is also the CEO of Ondo Finance, the project’s parent company. Allman previously worked in the digital asset department at Goldman Sachs.
Ondo Finance launched the ONDO on January 18, 2024. When the project launched, it had a market cap of $150 million but has grown exponentially since that time.
You can store ONDO on the exchanges where you buy the tokens. Alternatively, you can also decide to store the tokens you own on a multichain decentralized wallet like MetaMask or Trust Wallet.
ONDO’s price has the potential to reach $3.50 by December 2024.
2025 might be a great year for ONDO as the price could hit $12.
In 2026, the price prediction for ONDO is $15.
ONDO’s momentum might be a little bearish in 2027. Therefore, the price prediction for the year is $7.50.
By 2028, ONDO’s price might have recovered to $10.
The price of ONDO might increase by 2.5x in 2029 which places the prediction at $25.
The price of ONDO might increase to $28.50 in 2030.
Demand for ONDO might have increased by 2040, putting the price prediction at $37.65.
In 2050, the price prediction for ONDO is $55.50
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
