Ondo

World

Liberty

Yield

Ethena

<p class="is-style-lead">Ondo Finance coin continued its strong rally, reaching an all-time high on Monday, Dec. 16, as Donald Trump’s World Liberty Finance continued its buying spree.</p> 
<p>Ondo Finance (<a href="https://crypto.news/price/ondo/" target="_blank">ONDO</a>), one of the leading players in the tokenization industry, surged to a high of $2.15, marking an increase of over 327% from its August low</p> 
<p>The rally was primarily driven by World Liberty Finance, platform associated with Donald Trump, which purchased ONDO tokens worth over $250,000. These purchases were a continuation of a process that started recently. It <a href="https://crypto.news/world-liberty-financial-acquired-million-dollar-of-eth/" target="_blank">bought Ethereum tokens</a> worth $57 million, USDC worth $6.1 million, and AAVE worth $2.3 million.&nbsp;</p> 
<p>WLFI’s portfolio also includes Bitcoin derivatives, Chainlink, Ethena, Grok, and REKT. According to Nansen, the total value of its holdings now exceeds $83.7 million.</p> 
<p> You might also like: <a rel="" href="https://crypto.news/why-ethena-price-is-pumping-why-it-could-surge-by-35/"> Why Ethena is pumping: Could it surge by 35%? </a> </p> 
<p>Ondo Finance’s growth is also fueled by the expanding tokenization industry. <a href="https://ondo.finance/" target="_blank" rel="nofollow">Data from its website</a> indicates that the total value locked in Ondo’s network exceeds $615 million. The TVL comprises $449 million in assets from its US Dollar Yield tokenized product and $173 million from its US Treasuries tokens.</p> 
<p>Ondo is also jumping as demand for Real World Asset tokenization continues. Analysts believe that RWA tokenization will get to $50 billion in 2025 and Ondo will be a crucial part in this industry.</p> 
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   <p lang="en" dir="ltr">2025 PREDICTION: Tokenized real-world assets (RWAs) will reach $50B.<br><br>Wall Street is starting to recognize that tokenization offers clear advantages.&nbsp;We suspect that a wave of big institutional money is about to pour in.&nbsp;<br><br>Note: Predictions are not guarantees and are not… <a rel="nofollow" href="https://t.co/tXnHBYpwKK" target="_blank">pic.twitter.com/tXnHBYpwKK</a></p>— Bitwise (@BitwiseInvest) <a href="https://twitter.com/BitwiseInvest/status/1867605474943897782?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">December 13, 2024</a>
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<h2 class="wp-block-heading" id="ondo-finance-price-analysis">Ondo Finance price analysis</h2> 
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 <img loading="lazy" decoding="async" width="3574" height="1982" src="https://crypto.news/app/uploads/2024/12/Ondo-Finance-Price.png" alt="Ondo Finance" class="wp-image-14319824">
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  ONDO price chart | Source: <a href="https://crypto.news/price/ondo/" target="_blank">crypto.news</a>
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<p>The daily chart shows that ONDO has maintained a strong uptrend over the past few months. It recently broke above a critical resistance level at $1.4840, completing the upper side of a cup-and-handle pattern.</p> 
<p>Ondo has also surpassed the pivot and reverse point of the Murrey Math Lines at $2. The coin remains above all major moving averages, indicating that bulls are firmly in control. Additionally, oscillators like the Relative Strength Index (RSI) and the MACD are pointing upwards.</p> 
<p>As a result, Ondo Finance’s price is expected to continue rising, with bulls targeting the key resistance level at $2.5, approximately 25% above the current price. This target is derived from the depth of the cup pattern projected from the breakout point. However, a drop below the support level at $1.48 would invalidate the bullish outlook.</p> 
<p> You might also like: <a rel="" href="https://crypto.news/virtual-hits-new-all-time-high-amid-26-surge/"> VIRTUAL hits new all-time high amid 26% surge </a> </p>

Here’s why Ondo Finance crypto could soar 26% soon

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