Is It Too Late to Buy Ondo? ONDO Price Hits Record High as SpongeV2 Eyes Major Exchange Listings
Is It Too Slack to Aquire Ondo? ONDO Label Hits File High as SpongeV2 Eyes Predominant Alternate Listings
Flux Protocol and Ondo DAO’s governance token ONDO field a contemporary all-time high (ATH) earlier at the present time, in line with data by CoinGecko.
In the morning GMT, ONDO rose to a document imprint of $0.9934, before before pulling lend a hand 11% to its most modern stage of $0.8679.
ONDO is currently the 95th greatest cryptocurrency on this planet with a market capitalization of over $1.2 billion. On its web goal, the protocol touts itself as “a contemporary paradigm for securities tokenization”.
Now that glorious there would possibly perhaps perhaps perhaps perhaps be evident marketing discuss, but it with out a doubt hasn’t stopped traders from flocking to ONDO after the biggest bit of crypto adoption news last week.
ONDO Rallies On BlackRock Tokenization Recordsdata
Alive to-eyed watchers first seen ONDO’s imprint started to lengthen in the center of last week on news that BlackRock, the worlds ultimate asset manager with over $9 trillion in resources-below-management (AUM) launched a tokenized fund on Ethereum with an asset tokenization platform known as Securitize.
BlackRock simultaneously announced that it had strategically invested in the tokenization platform but failed to mumble valuable capabilities of the deal.
What does this all have to attain with ONDO?
On the least, we know BlackRock has been bullish on crypto for a whereas. The incontrovertible truth that the asset manager’s newly launched Bitcoin ETF is the #1 regulated Bitcoin investment product on this planet glorious now since its originate in January proves that the company is bullish.
Tokenization clearly represents BlackRock’s subsequent pass in blockchain. It’s now not steadily animated, desirous about Citi and JP Morgan enjoy trialed the technology too recently.
Past these two, other titans of TradFi enjoy taken their very comprise first steps in security tokenization, alongside with France’s third ultimate bank, Société Générale, Commonplace Chartered, and asset managers Franklin Templeton, and South Korean’s Mirae.
ONDO Label Prediction: New ATH Incoming?
Over on ONDO’s trading chart, we can sight that the token is trading noticeably below its 30-day exciting reasonable as it relative energy index (RSI) heads all the style down to 30.
Taken collectively, the two signs point to diverse most modern selling force in the old couple of hours.
Altogether, although ONDO continues shedding charge, it’s very likely the token can secure short-term enhance at $0.80, a selection the token sustained thru last week’s volatility. If Bitcoin continues to rally, which is likely given the upcoming halving on April 19 will decrease the contemporary provide in half, then ONDO would possibly perhaps perhaps perhaps doubtless foreseeably put up a contemporary ATH in the shut to future.
Soak Up ONDO’s Slipperiness With SPONGE
Given ONDO’s most modern volatility, traders would possibly perhaps perhaps perhaps doubtless are attempting to look into tiny-cap altcoins which can perhaps perhaps perhaps be aloof in the midst of a presale. On the least, the sooner, the easier in a likelihood admire crypto.
One promising contemporary hypothesis is the meme coin SPONGE. When it launched in Might well perhaps also honest 2023, SPONGE became priced at $0.000025. In decrease than a year, it has hit round $0.002147, or 8,500% better!
In addition to to reinvigorating the meme coin landscape, it’s also the native token for a promising contemporary ecosystem.
SPONGE is an ERC-2o frequent token created on Ethereum. It recently upgraded (and migrated) to a V2 on Polygon, an Ethereum Layer 2 scaling resolution. SPONGE currently sells for $0.002918 in an ongoing pre-sale.
Although the migration has been in the pipeline since January, a most modern liquidity pool assault expedited it.
Transfer over $PEPE, #SpongeV2 is here to rob over 😎🧽💦
Are you ready, #SPONGERS? 💪$SPONGE #MemeCoin #Bullish #Alts pic.twitter.com/4GM80TrNuY
— $SPONGE (@spongeoneth) March 25, 2024
SPONGE’s V2 upgrade launched a pair of key improvements, the important of which is a contemporary staking model that affords a minimum yield of 40% APY.
This rate yield varies in line with the alternative of stakers and tokens locked up and currently sits at round 392%.
After the crew lists the token on CEXs, this can originate a play-to-establish blockchain game, where gamers commit SPONGE to streak Spongebob and chums round Bikini Bottom for SPONGE rewards.
With its dual earnings staking/gaming model, SPONGE is taking a see to noticeably disrupt low-utility better market cap rivals, admire PEPE, DOGE and WIF.
Be an early supporter and Aquire And Stake SPONGE On The Web goal
Disclaimer: Crypto is a high-likelihood asset class. This text is supplied for informational applications and doesn’t describe investment advice. It’s seemingly you’ll perhaps perhaps perhaps lose your complete capital.
Source : cryptonews.com
