Ondo Finance Leads the RWA Sector – Data Reveals Unmatched Volume Growth
Ondo Finance has been holding strong amid volatility and uncertainty, standing out compared to other altcoins struggling in the current market environment. Despite price swings across the crypto space, Ondo has maintained resilience, driven by key developments and growing institutional interest. Related Reading: Bitcoin Volatility Range Drops 50% In A Month – Compression Before Expansion? […]
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Ondo Finance (ONDO) has been experiencing heavy selling pressure and heightened volatility, as the broader crypto market continues its downward trend. Since the start of March, ONDO has lost over 40% of its value, reflecting the overall risk-off sentiment in the market. With fear dominating price action, analysts are warning of further declines as investors remain hesitant to re-enter long positions. Related Reading: Bitcoin Drops Below 200-Day MA – Next Key Support Lies At $66K According To Mayer Multiple Despite the ongoing downtrend, on-chain data from Glassnode reveals a notable shift....
Taking a bird’s-eye-view of the DeFi sector shows that even though asset prices are down, the ecosystem continues to rapidly expand. Decentralized finance (DeFi) has been one of the hardest-hit sectors since Bitcoin (BTC) price corrected from its all-time high in early May and this can be seen by the decline in the total value locked (TVL) on all protocols. According to data from DeFi Llama, the total value locked in decentralized finance platforms dropped from $154 billion and currently sits at $108.7 billion.Total value locked on all DeFi protocols. Source: Defi LlamaWhile the roughly....
Despite failing to break out of its downtrend, ONDO could be preparing for a surge above the $2 barrier. Some analysts suggest it could repeat its 2024 playbook if it continues to hold its current levels. Related Reading: Ethereum Prepares For Massive Run After $2,800 Reclaim – ‘Up Only’ Ahead? ONDO Breakout Eyes $2 ONDO, the native token of the tokenized real-world asset (RWA) platform Ondo Finance, is attempting to reclaim a key area amid the market pullback. Notably, the cryptocurrency has struggled to hold the $1 mark since losing the area as support over three months ago. In December,....
With the Bitcoin price having already seen a massive rally over the past year, crypto investors have turned their attention to altcoins. This is because altcoin season usually comes after Bitcoin finishes rallying and they present more potential for upside. Ahead of the second leg of the crypto bull market that is suppose to happen sometime this year, the crypto analysts at Analyst Buzz have revealed the top altcoins that are trading under $1 right now that could be a good buy. Still Bullish On Polygon’s MATIC The first of the altcoins featured on the list is Polygon’s MATIC. This comes as....
The crypto exchange Binance has recently continued to push for growth in its share of the Bitcoin volume, as well as the stablecoin market. Binance Zero Fees Leads To Big Surge In Bitcoin Trading Volume, Exchange Drops USDC Support As per the latest weekly report from Arcane Research, the volume on Binance has remained substantially […]