- Ethereum outperformed Bitcoin as altcoins gained 2% to 7% today.
- ONDO broke above $1 after a bullish falling wedge breakout.
- Analysts say ONDO could reach $10 if bull run continues.
The crypto market is slowly shifting back into green territory. In the last 24 hours, Ethereum has outpaced Bitcoin in gains and popular altcoins like XRP, BNB, DOGE, SUI, and ONDO are also seeing healthy upward moves, with prices rising between 2% to 7%.
Crypto analyst Ali Martinez took to social media to show ONDO’s growing strength, predicting a possible surge to $2. After a week of sideways movement and consolidation, ONDO seems to be one of the altcoins ready for a breakout.
Source: AliCharts
In the past few days, ONDO’s price crossed above the $1 mark for the first time since May 2024. This jump came after it broke out of a falling wedge pattern, a bullish signal in technical analysis. Even though there was a slight dip around $0.95 due to sell signals, the price quickly rebounded.
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But it’s not just the charts that are painting a bullish picture. ONDO is also making headlines for its partnerships and role in real-world asset (RWA) tokenization. Big names like BlackRock are rumored to be involved with ONDO, especially as they move deeper into tokenizing assets. However, the price hasn’t yet fully reacted to the news because much of the accumulation is likely happening off-chain.
Can ONDO Hit $10 by 2025?
Another analyst shared whether ONDO could reach $10 before the end of 2025. He said that reaching $10 is absolutely possible if the crypto bull market continues. Here’s why:
- Current Stats: ONDO’s price is just over $1, with a market cap of about $3.3 billion and a circulating supply of around 3.15 billion tokens.
- At $10: The market cap would need to reach about $31.5 billion, a level reached by projects like Avalanche and Polkadot in the 2021 bull run. The analyst said that ONDO could surpass those projects due to its strong use case.
Related: Altcoin Emissions Under Scrutiny as TGE Events Shape Market Behavior
With a supply increase scheduled for January 2026, ONDO’s total tokens could rise to 5.1 billion. If ONDO reaches a $100 billion market cap (which the analyst believes is possible), the price could soar to new highs.
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