Bitcoin

On August 6, Ondo Finance’s native token, ONDO, surged nearly 30% after OKX, a major crypto exchange in Asia, announced it would list perpetual futures for the token.This listing has increased excitement and optimism among investors, especially as the broader market shows signs of recovery. The listing is expected to attract new investments and boost the token’s value further.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/35286afaf4b04dd8900b52f4f989f80a.png" /><h3 id="okx-lists-ondo-token-on-perpetual-futures-market">OKX Lists ONDO Token on Perpetual Futures Market</h3>On August 6, <a href="https://cryptosheadlines.com/pepe-pepe-price-goes-up-100-after-okx-listing-announcement/" rel="noopener noreferrer nofollow">OKX announced that it will list</a> the ONDO token on its perpetual futures market at 10:30 AM UTC. This listing will allow users to trade the token with up to 50x leverage, potentially increasing its appeal and trading volume.Additionally, the announcement included the launch of spot margin trading and ‘Simple Earn’ for the ONDO token, starting at 10:00 AM UTC. These new features are expected to attract more users and <a href="https://cryptosheadlines.com/jito-releases-115-million-tokens-boosting-solana-ecosystem/" rel="noopener noreferrer nofollow">boost the token’s ecosystem</a>.Historically, similar listings, like those for PEPE, MKR, and AAVE on Coinbase, have generated positive market sentiment. Adding to the intrigue, recent on-chain data from Arkham shows that the BlackRock BUIDL fund <a href="https://cryptosheadlines.com/terraform-labs-transfers-millions-worth-of-tokens-one-year-after-terra-luna-crisis/" rel="noopener noreferrer nofollow">transferred $8.1 million worth of tokens</a> to Ondo Finance in the past day, which may further influence the token’s price following recent market fluctuations.<h3 id="ondo-token-surges-32-78-amid-market-recovery">ONDO Token Surges 32.78% Amid Market Recovery</h3>As of writing, the ONDO token has risen 32.78% in the past 24 hours, reaching a price of $0.7134. During this period, its price fluctuated between $0.5056 and $0.75. This significant increase is occurring alongside a broader recovery in the cryptocurrency market and gains in Japan’s Nikkei and Topix indices, both up 12%.<a href="https://cryptosheadlines.com/discover-liquidswap-kucoins-new-ieo-in-the-worlds-best-crypto-presales/" rel="noopener noreferrer nofollow">Also Read: Discover Liquidswap: KuCoin’s New IEO in the World’s Best Crypto Presales</a>Derivatives data from Coinglass highlights a strong <a href="https://cryptosheadlines.com/upward-trends-predicted-for-sol-ada-near-link-cryptos/" rel="noopener noreferrer nofollow">upward trend</a> for ONDO today. The open interest for the token surged by 40.32% to $88.38 million, while derivatives trading volume increased by 22.15% to $832.87 million, reflecting heightened investor interest.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/35286afaf4b04dd8900b52f4f989f80a.png" />Additionally, the Relative Strength Index (RSI) for ONDO is around 26, indicating that the token is in oversold territory. This situation may attract more buyers and contribute to further positive price movements.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/2abb17f55e3641cb893c2cd3fe6b5ac6.png" />Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.Join Cryptos Headlines <a href="https://linktr.ee/cryptosheadlines.com" rel="noopener noreferrer nofollow">Community</a>Follow Cryptos Headlines on <a href="https://news.google.com/publications/CAAqBwgKMLz3-wowvuzoAg" rel="noopener noreferrer nofollow">Google News</a>Join our official TG Channel: <a href="https://t.me/CryptosHeadlines" rel="noopener noreferrer nofollow">https://t.me/CryptosHeadlines</a>

ONDO Jumps 30% After Big Perpetual Listing

Table of Contents

cmcdelete@edb8d1ee4ec9a85c04690131b307c085

Other articles published on Aug 6, 2024

Terra Blockchain Faces Security Exploit; $6.8M Worth of Tokens Impacted

BNB Chain Announces Winners of Second BNB Incubation Alliance Round

Arthur Hayes Says Crypto Crash Isn’t Over, Sees Second Wave Coming As “TradFi Over-Leveraged Mupp...

Elon Musk Declares War On GARM Amid X and Rumble Ad Boycott

RippleX Announces XRPL Testnet Reset on Aug 19 for Upgrades

Bitcoin price to hit all-time high if it stays above $45k: CEO

Join our free newsletter for daily crypto updates!