ONDO has a circulating supply of 10 billion tokens and trades around $1.90, with a reported market capitalization of $2 billion. While the token recently reached new price levels, an analyst believes now is the best time for investors to buy ONDO tokens as its Binance listing is just in sight.
An analyst behind the Altcoin Buzz channel on YouTube mentioned that in the past 24 hours (at the time of the video), ONDO’s price had skyrocketed by 16% and was trading at $2.09.
This jump has been accompanied by a 140% increase in trading volume, which has climbed to $882 million. Such metrics indicate a strong market interest, suggesting that investors are keenly eyeing ONDO as a promising asset.
Potential Binance Listing and Trump’s Investment
Adding to the optimism surrounding ONDO is speculation about a possible listing on Binance, one of the largest cryptocurrency exchanges in the world. If this listing materializes, it could significantly enhance ONDO’s visibility and market value, further driving investor interest.
Recent reports reveal that World Liberty Financial, a project with connections to the Trump family, has made a substantial investment by purchasing 134,216 ONDO tokens for $250,000 USDC through the CoW Protocol. This acquisition not only highlights institutional interest in ONDO but also positions it as a noteworthy player in the crypto market.
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Analyst ONDO Price Predictions
The crypto YouTuber is bullish on ONDO’s future, suggesting that the current upward momentum could propel its price to $2.50 or even higher. This optimistic outlook is bolstered by the recent surge in trading activity and the growing interest from both retail and institutional investors.
It is important to note that, with a 16% price increase, the price surge shows growing market interest and investor confidence in ONDO. Furthermore, the $882 million trading volume reflects heightened activity and enthusiasm among traders.
With all this in motion, the potential exchange listings and institutional backing make ONDO a good investment to watch for in this early stage.
