ONDO
It is the governance token of Flux Finance and Ondo DAO. Notably, Ondo is a Coinbase-backed security tokenization platform that combines blockchain technology with real-world assets (RWAs).
According to Cody, some investors expected a bullish rally for ONDO after it hit an all-time high (ATH) of $1.48 on June 3. However, ONDO’s price has plunged 23.12% from its ATH and is currently trading at $1.14.
Notably, the expert said that recent developments suggest that ONDO is on track to surpass its previous record high. In particular, he pointed out that ONDO’s real capitalization indicator (which determines distribution and accumulation areas) reached $1.15 billion in the video.
He added that if the indicator exceeds the market capitalization, it indicates that the price may fall, and vice versa. Cody said that ONDO, with a market capitalization of $1.7 billion, could see a price surge. Meanwhile, ONDO’s market capitalization ranks 53rd among cryptocurrencies.
