ONDO Breaks Above $1 After Bullish News Shakes the Market
ONDO token price has surged in the cryptocurrency market following a meeting with the SEC task force. What are the implications and future prospects for this cryptographic bonds project?
The Spectacular Rise of the token
The recent meeting between the crypto task force of the SEC, Ondo Finance, and the law firm Davis Polk & Wardwell has sparked great interest in the crypto community. Discussions focused on creating compliance options to encourage innovation in the tokenization of traditional assets.
This approach reflects Ondo’s commitment to providing institutional-quality tokenization solutions that are fully compliant with regulations. Following this announcement, the price of the ONDO token surged by 7.5%, crossing the symbolic dollar mark for the first time since March 7. The token has shown strong bullish momentum since, with an increase of over 17% in 24 hours.
Analysts predict that the price of ONDO will continue to rise in the coming weeks after breaking out of a consolidation phase. If it manages to close above $0.98, the token could climb by 21% to target $1.18. The support is at $0.81, and the next target is $1.09.
Some experts believe the altcoin could follow global money supply (M2) trends, showing promising prospects for this project.
How to Buy ONDO on Bitget ?
If you feel it’s time to buy some ONDO tokens, Bitget is the exchange for you. By following the steps below, you can easily fund your wallet.
- Register in minutes on Bitget.
- Deposit funds into your account (bank transfer, crypto, or credit card).
- Find the ONDO/USDT pair on the Spot market.
- Select your desired amount and complete the purchase.
Be careful not to invest money you’re not willing to lose. The cryptocurrency market carries risks, so it’s important to invest wisely.
Gaston Cuny
Gaston has been a writer for over 7 years and a passionate cryptocurrency enthusiast since 2020. He loves exploring the crypto ecosystem and is now dedicated to sharing his insights and discoveries through InvestX.
DISCLAIMER
This article is for informational purposes only and should not be considered as investment advice. Some of the partners featured on this site may not be regulated in your country. It is your responsibility to verify the compliance of these services with local regulations before using them.
This article is for informational purposes only and should not be considered as investment advice. Some of the partners featured on this site may not be regulated in your country. It is your responsibility to verify the compliance of these services with local regulations before using them.
DISCLAIMER
This article is for informational purposes only and should not be considered as investment advice. Trading cryptocurrencies involves risks, and it is important not to invest more than you can afford to lose.
InvestX is not responsible for the quality of the products or services presented on this page and cannot be held liable, directly or indirectly, for any damage or loss caused by the use of any product or service featured in this article. Investments in crypto assets are inherently risky; readers should conduct their own research before taking any action and invest only within their financial means. This article does not constitute investment advice.
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