The must-have cryptocurrency for 2024
#ONDO
Ondo is leading the way in the real-world asset space. According to Google, "Ondo Finance improves the current DeFi to TradFi rail and provides an access point to real-world assets, bringing institutional-grade products to the chain. USDY is Ondo's newest product, and this interest-bearing stablecoin provides a direct and fully compliant way to obtain USD-denominated returns."
Blackrock is using Ondo in its RWA tokenized fund BUIDL. Being associated with New Narrative (RWA) and Blackrock is a great way to gain recognition (think institutional money).
It is already trading on Coinbase and Kraken, and its token price is $1.33 as of this writing. Retailers tend to buy large quantities of tokens, so its low price point is easy and attractive for anyone with any budget.
The RWA asset class has plenty of room for upside. The current RWA market cap is only $9 billion (0.3% of the entire cryptocurrency market cap). Additionally, there are a limited number of projects in the space, so when this trend catches on, people will gain exposure by holding Ondo.
Like Pepe, every influencer knows about Ondo. It can be safely listed as a buy because the price only goes in one direction — up.
