Ondo Finance (ONDO) Eyes $4 Rally As On-Chain Adoption Accelerates

• Ondo Finance (ONDO) nears breakout as accumulation phase suggests potential rally toward $4.
• The project has reached $1.8 billion assets under management (AUM) with nearly 30,000 holders, signaling growing adoption.
• ONDO focuses on tokenizing real-world assets, aiming to reshape global capital markets.

Ondo Finance(ONDO) is gaining strong attention as it leads the next phase of the on-chain financial revolution. The project’s growing focus on tokenizing real-world assets signals a major shift in capital markets. Analysts believe ONDO may be gearing up for a strong breakout as it nears the end of its accumulation phase.

At press time, Ondo Finance (ONDO) is trading at $0.7584, recording a 24-hour trading volume of $301.39 million and a market capitalization of $2.40 billion. The token has seen a 5.06% decline over the last 24 hours, but market analysts believe this could be a temporary pullback within a larger bullish setup.

Ondo Finance Hits $1.8 Billion Milestone

According to the latest data shared by Ondo Finance, the project is setting itself at the head of the “on-chain era.” Since the early days of 2023, Ondo has brought in $1.8 billion in assets under management (AUM) and now boasts close to 30,000 holders, which highlights the increased faith in banked-on-blockchain financial infrastructure.

Ondo aims to tokenize real-world assets (RWAs), something most think can rewire the global economy. By on-ramping physical assets such as bonds and treasuries to the on-chain, Ondo believes it can take a slice of an analyst’s multi-trillion-dollar opportunity in capital markets.

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ONDO Builds Momentum for Next Breakout

A crypto analyst, Elite Crypto, pointed out that ONDO looks like it’s in an accumulation process after spending a very lengthy amount of time consolidating in the area of the $0.72 support area.

The price chart indicates a base shape rounding, which is reminiscent of types observed before prior big breakouts. It’s normally an indication that the market settles down and readies up for a new bull move.

If this technical setup plays out like in previous cycles, then analysts are arguing that ONDO is building up for a big surge, possibly aiming for the $4 zone in the near future.

Overall, despite short-term price variations, increasing institutional demand for tokenized assets and expanding AUM for Ondo are still enhancing the project’s status as one of the market’s key actors in the tokenization market.

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