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Tag: ONDO

  • XRP Price At $1,000, Solana To $1,000, And Cardano At $100? Bull Run Predictions Catch Attention

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    Crypto analyst Remi has made his bull run predictions for coins like XRP, Solana, and Cardano. Despite the price targets being ambitious, the analyst described them as “semi-conservative,” suggesting the coins could rally much higher. 

    XRP And Solana To $1,000, And Cardano To $100

    In an X post, Remi predicted that XRP and Solana will rally above $1,000 while Cardano will reach $100. He stated that these price targets are based on information, research, and historical performance. The analyst also made predictions for HBAR, XLM, ONDO, LINK, XDC, and QNT, all of which he expects to record astronomical gains. 

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    Interestingly, the analyst stated that these were semi-conservative targets for XRP, Solana, and Cardano and that he personally thinks they could rally higher. He added that these targets might not even come close to his expectations and that they are simply based on utility and a super cycle without any black swan events

    Remi also advised investors not to make the same mistake he made during his first bull run by leaving profits on the table in hopes that coins like XRP, Solana, and Cardano will go higher. He told them not to be greedy and take profits at different intervals. The analyst added that they should not wait for the high numbers because they might not happen for various reasons. 

    Furthermore, the crypto analyst advised investors on custody, urging them to secure their XRP, Solana, and Cardano in a cold wallet. He explained that crypto exchanges are “in it to win it” and are not here for the customers. Meanwhile, the analyst didn’t mention what utility could spark these runs for these coins. 

    However, it is worth noting that XRP, Solana, and Cardano are all set to have their spot ETFs, although it remains to be seen how high these coins could reach on the back of these institutional inflows. 

    Why the Price Targets Are Not “Crazy”

    Remi admitted that the price targets for XRP, Solana, and Cardano may seem crazy, but assured that they are not. He explained that the market cycle is now 5 years instead of 4, indicating that “huge numbers are coming.” He noted that these big numbers will coincide with the voting season. 

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    This is why he thinks there will be a super cycle that runs into the fourth quarter of next year. He told XRP, Solana, and Cardano holders to be mindful of the winter Olympics next year, in February, warning that any major attack during the event would disrupt the cycle. As such, he remarked that it may be wise to take a little profit early on before the event. Notably, experts like Bitwise CIO Matt Hougan have also stated that the four-year cycle is likely over, predicting that the bull run could extend.

    XRP trading at $2.4 on the 1D chart | Source: XRPUSDT on Tradingview.com

    Featured image from Peakpx, chart from Tradingview.com

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    Scott Matherson

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  • Triple-Digit Gains: Ondo Finance (ONDO) Explodes 122%

    Triple-Digit Gains: Ondo Finance (ONDO) Explodes 122%

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    Ondo Finance (ONDO), a decentralized finance (DeFi) protocol focused on tokenizing US treasuries, has witnessed a meteoric rise in its native token’s price over the past week. According to CoinMarketCap, although ONDO was only able to muster a meager 1.3% increase in the last day – yet pushing its value to a record-breaking $0.94 – the impressive feat comes on the heels of a 138% weekly gain, marking an impressive performance for the token.

    ONDO Marks Banner Week With Big Numbers

    ONDO doing things right on the weekly chart. Source: Coingecko

    Analysts attribute this surge to a confluence of factors. Whale investors, known for their significant holdings and market influence, have been accumulating ONDO at a substantial clip. Data from on-chain tracking platform Lookonchain reveals that three whale wallets recently withdrew over 9 million ONDOs, worth around $9 million, from various exchanges. This behavior suggests a long-term bullish outlook on the token’s potential, potentially inciting a follow-the-leader mentality among retail investors.

    Indeed, Santiment data analyzed by NewsBTC shows a 30% increase in the total number of ONDO holders since March 19th, surpassing the 10,000 mark. This influx of new investors, likely influenced by the whales’ actions and the overall hype surrounding tokenization, has further fueled the token’s price rally.

    Total crypto market cap at $2.5 trillion on the daily chart: TradingView.com

    The recent surge in ONDO’s popularity coincides with a broader trend within the DeFi space. Last week, global investment giant BlackRock announced the creation of a tokenized fund on the Ethereum blockchain, allowing investors to earn US dollar yields through a decentralized platform. This move underscores the growing interest in tokenization, which involves representing real-world assets like securities, currencies, and real estate on a blockchain.

    TVL Not Impressive Despite Weekly Rise

    However, amidst the celebratory atmosphere surrounding the token’s price surge, a curious detail emerges. Despite the significant increase in ONDO’s value, the platform’s total value locked (TVL), a metric reflecting the total value of crypto assets deposited in its DeFi protocols, has remained relatively stagnant over the past week. While the reasons behind this discrepancy are unclear, it could be a cause for concern for some investors. A stagnant TVL might suggest that the recent price increase isn’t necessarily translating to increased usage of the Ondo Finance protocol itself.

    Overall, the past week has been undeniably positive for Ondo Finance. The token’s impressive price surge, coupled with the current tokenization hype and strategic alignment with BlackRock’s recent venture, paints a promising picture for the future. However, the stagnant TVL serves as a reminder that long-term sustainability hinges not just on speculation but also on real-world adoption and the continued development of the Ondo Finance ecosystem.

    Featured image from AlphaTradeZone/Pexels, chart from TradingView

    Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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    Christian Encila

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