Ondo (ONDO) price has seen significant movement, reaching its all-time high after a strong rise in the last 24 hours. During this rally, ONDO’s price increased by over 10%, making it the second-highest gainer on CoinMarketCap’s list for the past day.
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The ONDO price has reached an all-time high after a 10% increase, while the market cap has risen by 9.50% to $1.9 billion. The Relative Strength Index (RSI) indicates that the stock is in the overbought region, suggesting potential profit-taking.

ONDO Price Surge and Market Performance
ONDO started to rise after finding support at its lowest level of $1.22 in the last 24 hours. The price rally aligns with the increase seen over the last 30 days. On the other hand, the price has risen over 74% from its low level of $0.7369.
As of the time of writing, ONDO continues to trade at its all-time high. This level indicates a 10.46% increase from the support level, trading at $1.40687. The increase marks a 1520% rise from the all-time low seen about four months ago on January 18.

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Meanwhile, the price increase also boosted the market cap and 24-hour trading volume. The market cap rose by 9.50% to $1.9 billion, while the 24-hour trading volume increased by 23.15% to surpass $280 million.

Analysis of ONDO Price Rally and Derivative Market
The data analysis of derivatives related to the ONDO price rally continues to reflect ONDO’s upward trend. The derivative market volume for ONDO increased by 9.47% to $377.47 million. Additionally, open interest (OI) rose by 10.26% to $250.07 million.

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In the ONDOUSD price chart, the Bollinger bands have expanded, indicating increased volatility. The middle and lower bands of the Bollinger bands are located at $1.40, $1.04, and $0.68838, respectively.
The candles on the charts, contributing to the positive market outlook, continue to trade near the upper Bollinger band, which is positioned above the middle band (20-day SMA) and supported by a continuous upward price movement.
Meanwhile, ONDO’s Relative Strength Index (RSI) is at 74, indicating an overbought region. Therefore, investors who may want to take profits due to ONDO being overbought could start selling, potentially triggering a price drop and consolidation.

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Despite the overbought appearance in the market, the Chaikin Money Flow (CMF) – which shows the liquidity entering the market through ONDO – remains in the positive region with a value of 0.19, indicating that money is still entering the market. This can also be interpreted as continued buying.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#ONDO #Bitcoin #Ethereum #Trump #zkSync $ONDO $BTC $ETH

A thread about updating the ecosystem has been released, such projects are now working in the zkSync Era network:

- Ramp Network (https://ramp.network/) is a payment infrastructure working with fiat in more than 160 countries.

- Omnisea (https://omnisea.org/) is a service for launching NFT drops.

- Kreatorland (https://kreatorland.com/) is a NFT Launchpad and marketplace that allows users to mint and trade NFT.

- Redstone Finance (https://redstone.finance/) is an oracle offering more than 1,100 assets available in more than 30 chains.

- Nexon Finance (https://www.nexon.finance/) is a credit protocol through which you can leave $ETH as collateral for borrowing $USDC on zkSync Era.

#zkSync #CryptonResearchBot

Prior to the ICO era, #airdrops were used as a marketing technique, rewarding traders for endorsing the project and holding its token for a set amount of time.

Arbitrum, an Ethereum layer-2 scaling solution, launched an airdrop of its ARB governance token on March 16, with qualifying recipients anticipated to receive the token on March 23. The excitement surrounding its airdrop has now aided another layer-2 solution, zkSync, in experiencing considerable week-over-week growth.

ZkSync is another #Ethereum layer-2 scaling solution that supports nonfungible tokens (NFT) as well as atomic swaps and transfers of Ether. #ETH tickers are down $1,755, as are ERC-20 tokens on the Ethereum network.

More than 39,000 addresses have bridged over $871 million to #zkSync in the last seven days, based on data from crypto on-chain analytic firm Nansen. In the previous week, the number of addresses bridging to zkSync has increased fivefold.

Following the #Arbitrum airdrop, zkSync and StarkNet are considered the most valuable impending airdrops. On March 17, approximately 5,000 individuals transferred over 536 ETH via the zkSync bridge, while nearly 3,000 users deposited over 234 ETH via the StarkNet bridge.

Although zkSync does not have a native token and has not announced any airdrops, the excitement around the Arbitrum airdrop has caused many supporters to believe they will be rewarded in the near future.

The airdrop hoopla comes despite numerous phony and fraudulent airdrops attempted by crooks utilizing Arbitrum branding.

A crypto airdrop is a promotional tactic used by cryptocurrency projects to raise buzz about the project. As a present, the crypto projects behind these airdrops frequently deposit digital tokens directly into the wallets of active blockchain community members. Many of these airdrops have predefined eligibility criteria that reward users for spreading project awareness.

Airdrops have been popular since the early days of the crypto industry, with the first taking place in 2014. Due to regulatory scrutiny, projects have recently modified their marketing techniques.

Because of factors such as the people behind the initiatives and the project's use cases, not all crypto airdrops are equivalent in value. Arbitrum, Optimist, and zkSync, on the other hand, are some of the early layer-2 solutions with track records. This has drawn more traders to the Arbitrum airdrop, which may turn out to be more valuable than traditional crypto airdrops.