Home / Analysis / Crypto / Price Predictions / Ondo Price Prediction 2024: Will ONDO Reach New All-Time High?

Ondo Price Prediction 2024: Will ONDO Reach New All-Time High?

Last Updated January 26, 2024 10:39 AM
Giuseppe Ciccomascolo
Last Updated January 26, 2024 10:39 AM
Key Takeaways
  • Ondo Finance launched its ONDO token on January 18, 2024.
  • The coin jumped to $0.30 in a few days before pulling back.
  • One price prediction says Ondo can reach $1.31 next year.

Ondo Finance is a decentralized finance (DeFi) protocol that aims to provide institutional-grade liquidity solutions for tokenized real-world assets.

It launched its coin ONDO on January 18, 2024. It debuted with a value of $0.10, skyrocketing in a few days but pulling back a bit after that.

Ondo reached an all-time high above $0.60 in mid-March but has retraced a bit since then. Will it reach new heights?

Ondo did not immediately respond to a request for comment

But what is Ondo (ONDO)? How does Ondo work? Let’s see what we can find out, and also take a look at some of the Ondo Price Predictions that were being made as of March 20, 2024.

Ondo Price Prediction

Let’s examine some of the Ondo price predictions being made on March 20, 2024. It is crucial to bear in mind that price forecasts, particularly for a potentially volatile asset like cryptocurrency, often turn out to be inaccurate. Additionally, please remember that many long-term crypto price predictions are generated using algorithms, which means they can change at any time.

2024 2025 2030
Prediction #1 $1.12 $1.31 $3.77
Prediction #2 $0.7016 $1.02 $7.28
Prediction #3 $0.7015 $1.02 $7.28

First, CoinCodex  had a short-term Ondo price prediction that saw the coin reach $0.746768 by March 25 before climbing further to $1.883492 by April 19. The site’s technical analysis was neutral, with six indicators sending bullish signals and four making bearish ones.

Ondo Price Prediction for 2024

DigitalCoinPrice  said that ONDO would reach $1.12 this year. PricePrediction.net   thought the coin would trade at $0.7016. Changelly  argued Ondo would be valued at $0.7015 by the end of the year.

Ondo Price Prediction for 2025

Moving on, Changelly thought Ondo would trade at $1.02 in 2025. DigitalCoinPrice had the coin coming in at $1.31 that year. PricePrediction.net said ONDO would be worth $1.02 next year.

Ondo Price Prediction for 2030

Looking at a more long-term Ondo price prediction, PricePrediction.net said the coin would hit $7.28 in 2030. Changelly suggested it would reach $7.28 that year. DigitalCoinPrice made an ONDO price prediction that had it trade at $3.77at the start of the next decade.

Google BardAI Price Prediction for Ondo (as of March 20)

Google’s BardAI platform gave the following price prediction for Ondo on March 20. Please remember that price predictions are very often wrong and that artificial intelligence should not be trusted.

Short Term (Next 3 months)

  • Expected Price: $1.83
  • Factors to Consider:
    • Varied Predictions: Different sources offer different predictions for Ondo’s price in the next few months. Some, like CoinCodex, predict a significant increase, while others like Changelly offer a more moderate forecast.
    • Market Volatility: The cryptocurrency market is known for its volatility, so any prediction should be taken with a grain of salt. Prices can fluctuate rapidly based on news, regulations, and investor sentiment.
    • Historical Performance: Looking at Ondo’s historical price movements might give you some insight, but past performance is not always indicative of future results.

Medium Term (Next 6 months)

  • Expected Price: $2.07
  • Factors to Consider:
    • News and Developments: News and developments surrounding Ondo Finance and its technology could significantly impact the price.
    • Overall Market Trends: The broader cryptocurrency market can also influence the price of Ondo.
    • Regulations: Government regulations on cryptocurrency can affect market sentiment and price.

Long Term (Next 5 years)

  • Expected Price: $7.06
  • Factors to Consider:
    • Overall Crypto Market Performance: If the cryptocurrency market thrives, Ondo could benefit.
    • Ondo Adoption and Use Cases: Increased adoption and development of applications using Ondo could drive demand and price.
    • Regulations: Government regulations on cryptocurrencies could impact Ondo’s value.
    • Technological Advancements: Breakthroughs in blockchain technology could affect Ondo’s usefulness and price.

Recent Updates from Ondo

On February 29, 2024, Ondo introduced  Ondo Global Markets, a platform to bring all publicly traded securities onchain with native access to traditional securities exchange liquidity.

ONDO Price History

Now, let’s examine some of the highlights and lowlights of the Ondo price history . While we should never take past performance as an indicator of future results, knowing what the coin has achieved can provide us with some very useful context if we want to make or interpret an Ondo price prediction.

ONDO first came onto the open market on January 18, 2024, when it was worth about $0.10. It went up slowly but steadily, breaking past $0.30 on January 22, 2024. The coin then pulled back a bit, worth $2.44 at the end of January.

Ondo price history
Ondo price in 2024 | Credit:CoinMarketCap
It increased in February and reached its highest level in mid-March, at $0.6395. On March 20, 2024, it’s worth $0.5970.

At that time, there were 1.39 billion ONDO in circulation, out of a total supply of 10.0 billion. This gave Ondo a market cap of about $830.6 million, making it the 109th largest crypto by that metric.

Ondo Price Analysis

Ondo Price Analysis
Can ONDO hit a new all-time high?

When it first came onto the open market on January 18, 2024, the price of ONDO was $0.02. It first climbed to a high of $0.30, increasing nearly 1,000%. After that, it dropped to around $0.20 in the second half of January and early February. A new uptrend started with ONDO reaching an all-time high of $0.65 on March 8. 

ONDO made another downturn, falling to a support level of $0.40 on March 19. When it got there, it bounced to around $0.60.

This is most likely its final wave in a five-wave pattern, but, because there is still more upside potential, it should get to a new all-time high. We can see the price heading to its ascending resistance which would be just below $0.80. 

Is Ondo a Good Investment?

It is hard to say. The coin’s price has shot up after its launch, but there may already be signs of a downturn.

On the other hand, there are good reasons for ONDO’s recent price surge, with new developments getting investors attention.

As always with crypto, you will need to make sure you do your own research before deciding whether or not to invest in ONDO.

Will Ondo go up or down?

No one can really tell right now. While the Ondo crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind, too, that prices can, and do, go down as well as up.

Should I invest in Ondo?

Before you decide whether or not to invest in Ondo, you will have to do your own research, not only on ONDO, but on other, similar, coins and tokens such as Filecoin (FIL). Either way, you will also need to make sure that you never invest more money than you can afford to lose.

Who are the Founders of Ondo?

Ondo’s founders include Nathan Allman and Pinku Surana.

Who Owns the Most Ondo (ONDO) Tokens?

On March 20, 2024, one wallet held 79.58% of ONDO’ supply.

Richest ONDO Wallet Addresses

As of March 20, 2024, the five wallets with the most Floki tokens were

  • 0x677fd4ed8ae623f2f625deb2d64f2070e46ca1a1. This wallet held 7,957,729,838 ONDO, or 79.58% of the supply.
  • 0xf89d7b9c864f589bbf53a82105107622b35eaa40. This wallet held 212,897,399 ONDO, or 2.13% of the supply.
  • 0x0d37bf9ef9254f73e75dcfe2da5837e22d9f3553. This wallet held 173,971,280 ONDO, or 1.74% of the supply.
  • 0xc5d9221eb9c28a69859264c0a2fe0d3272228296. This wallet held 139,847,721 ONDO, or 1.40% of the supply.
  • 0xd2e6e930e25456ffcd4df0124563cc334f3284f4. This wallet held 101,000,027  ONDO, or 1.01% of the supply.

Fact Box

Supply and distribution Figures
Total supply 10,000,000,000
Circulating supply (as of March 20, 2024) 1,389,759,838 (13.89% of total supply)
Holder distribution Top 10 holders owned 92% of supply, as of March 20, 2024

From the Whitepaper

In its technical documentation, or whitepaper , Ondo Finance says: “At Ondo, our mission is to make institutional-grade financial products and services available to everyone. We believe that blockchain technology has the potential to improve both the infrastructure of – and access to – financial products and services. We also believe that the best technical improvements need to be combined with the best practices from traditional finance, including investor protections, transparency in reporting, legal and regulatory compliance, intelligent and robust product structuring, working with the best service providers, and top-notch client service.

Ondo (ONDO) Explained

Ondo Finance is a decentralized finance (DeFi) protocol that brings institutional-grade financial products on-chain, including tokens backed by U.S. Treasuries. Ondo Finance uses a decentralized autonomous organization (DAO) to manage its governance, and its native token, ONDO, is used to participate in the DAO and earn rewards.

Nathan Allman is the founder and Chief Executive Officer of Ondo Finance .

How Ondo Works

Ondo Finance uses an approach called “on-chain asset management” to provide investors with a more secure and transparent investment experience than traditional DeFi protocols.

Here is how Ondo Finance works:

  • Subscription: Investors connect their wallet to the Ondo Finance platform and deposit USDC or wire USD to the platform. Once the funds are deposited, investors can subscribe to a synthetic asset by minting Ondo tokens (OUSG).

  • Redemption: Investors can redeem their Ondo tokens for USDC or USD at any time. When an investor redeems their tokens, the Ondo Finance protocol will sell the underlying synthetic assets and return the proceeds to the investor.

  • Transfer: Investors can transfer their Ondo tokens to other wallets or use them to interact with other DeFi protocols.

Ondo Attention Tracker

Ondo Google search volume
Ondo Google search volume for the last 90 days. Credit | Google
Here is a chart for Ondo ONDO’s Google search volume for the past 90 days. This represents how many times the term “Ondo ONDO” has been Googled over the previous 90 days.

FAQs

How many Ondo coins are there?

On March 20, 2024, there were 1.39 billion ONDO in circulation out of 10.0 billion of the total supply.

Will Ondo reach $1?

It might, but not soon. DigitalCoinPrice expects ONDO to reach that level in 2028.

What is Ondo used for?

Ondo currently offers three tokenised products: OUSG, providing exposure to US Treasuries; OMMF, providing exposure to US money market funds; and USDY, providing a yield-bearing alternative to conventional stablecoins.

Disclaimer

Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

Was this Article helpful? Yes No