Ondo Finance’s native cryptocurrency has experienced an increase in trading volume this week. The asset is over 50%, up from its all-time high of $2.14 last December. Luckily, investors don’t seem to be stepped down, swooping through cryptocurrency amid a bigger dip. Can Ondo recover up to 110% of all-time highs and booms?
Despite the latest decline in prices, the Ondo community appeared to be very optimistic about the potential increase. About 87% of the market are bullish about coin growth in the near future, according to Coinmarketcap’s community sentiment data. Meanwhile, around 13% of them were unsure about their wealth rise. A key factor supporting a potential recovery is the continued growth of the Ondo Finance ecosystem.
For the first time, the total value locked in the Ondo ecosystem exceeded $1 billion, according to Defi Llama. This is a significant increase from $541 million at the beginning of the year. This growth is driven by two tokenized assets: Ondo Short-Term US Financial Fund (OUSG) and Ondo US Dollar Yield Token (USDY). USDY currently owns more than $589 million, while Ousg has $419 million in assets.
Furthermore, Ondo’s prices could be affected by Donald Trump’s investments from Global Free Finance. WLFI currently has 342,000 tokens, exceeding $400,000. Ondo Finance was one of the top donors to Trump’s Inaugural Committee and speculated that the project could be considered included in the US strategic crypto reserve.
Concodex data shows that Ondo Finance’s native cryptocurrency is expected to trade at a maximum price of $3.49 during March. This indicates an increase of over 247% from current price levels. Additionally, the average trading price for assets this month remains at $2.08. Later this month, Ondo is likely to establish a new all-time high and likely lead the way to signing during the Altcoin season.
