RWA Token ONDO Surges : What Ambitions for This Rising Star of RWA Altcoins ?

In a crypto market marked by uncertainty, the ONDO token shines brightly. With a staggering +16.5% surge in just 24 hours, reaching $0.85

In the vast cryptocurrency market, known for its volatility, one token has been making remarkable gains, surging 16.5% in just 24 hours. Trading at $0.85, this altcoin is no other than ONDO, specialized in real-world asset (RWA) tokenization.

Its rise contrasts sharply with the current trends affecting other altcoins. In the past week, PRCL, another token in the RWA sector, has seen a nearly 40% decline.

On the other hand, ONDO has shown resilience, recovering from a 7% correction over the same period.

Its strong performance has pushed it to 44th in the global crypto ranking, according to CoinGecko data on April 10. It boasts a market capitalization close to $2.68 billion and a 24-hour trading volume of $336.7 million.

What Surges Are Driving Up The Algo Token Price?

Several recent events could explain this renewed momentum and enthusiasm among investors.

Recently, there has been a discussion on the crypto Twitter sphere regarding the lack of explosiveness in the bull market, despite a 500% Bitcoin rally.

One user pointed out that while Bitcoin has soared to new highs, other assets like ETH and altcoins have yet to follow suit. In particular, he highlights the surprising lack of 100x or even 10x surges, which are usually observed in bull markets.

suggest that the sector to look for in the next leg up, whenever that may be, is RWA.

my AI+Memes barbell from 2023 has played out – not saying I'm bearish on either, just more bullish on RWA.

tokenization is being pushed everywhere, actual use case – reminds me of Defi 2020.

According to investor SmileyCapital, RWAs could be the best altcoins to bet on in a bull run. He says it “reminds him of the DeFi era in 2020,” a period dubbed the DeFi summer.

This summer was marked by a frenzy of new DeFi protocols, with several tokens like Balancer and Yearn.finance surging over 1,000% in a matter of months.

But this time, SmileyCapital believes the focus will shift to RWA tokens.

If history repeats itself, we could see several promising RWA tokens surging 10x or more in the coming months.

This will be an interesting sector to watch as the bull market progresses.

If we look at the technical analysis, the price of ONDO has found support at the 0.73 level. It has also formed a possible double bottom on the daily chart, which could be a bullish pattern.

The token is currently testing the 0.83 FIB level, and a break above the 0.90 psychological handle could trigger a buying frenzy. The 200-day moving average is also an area of interest, currently at the 1.10 level.

The 4H Ichimoku has turned bullish, which indicates that the short-term trend for ONDO is bullish. However, to reach a new all-time high, the token will need to break through its critical resistance at 1.63. This represents a 95% increase from the current price.

To achieve such growth, the environment will need to be conducive, with Bitcoin price above the 106K level.

Our View

ONDO's meteoric rise in a gloomy market signals that this altcoin has a strong foundation and a clear vision.

With the CEO's ambitions for a $100 billion RWA market, surpassing the billion TVL mark, and support from financial giants, all the ingredients are in place for an explosive trajectory in 2025.

For investors looking to bet on the tokenized asset revolution, ONDO emerges as a must-have choice.

Interested in investing in the thriving RWA market? The token is available on platforms like BitGet, where you can buy it in a snap. Here’s a guide to purchase it now: