The crypto market showed signs of recovery after the Federal Reserve’s policy meeting. During this period, Ondo Finance’s local token ONDO reached its all-time highest level.
Rapid Rise of ONDO
ONDO is the token of Ondo Finance, which offers tokenized real-world assets and has been introduced to the market with a market value of $150 million. ONDO, which gained 40% in value on March 21, reached a record price of $0.778 and entered the top 100 cryptocurrency list by market value.
Reasons for the Rise
Factors such as the Fed not changing interest rates and the expansion of Ondo Finance contributed to the increase in value of ONDO. Ondo Finance introduced a new venture, Ondo Global Markets, which will provide integration with multiple blockchains.
In addition, the increasing transactions of major investors in ONDO are seen as another factor influencing the price volatility of the token.
Future of RWA-Focused Projects
Experts predict that RWA (real world assets) focused cryptocurrency projects will experience a rise, especially in the construction sector, and the RWA economy could reach a large market volume by 2030.
This growing market could increase the value of RWA-focused cryptocurrency projects and this growth could be reflected in token prices.
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