Ondo Finance is making strides in the cryptocurrency market, experiencing a notable bullish trend. Lately, top crypto analysts and strategic partnerships have highlighted Ondo’s growth and potential.
ONDO Price Analysis
According to Daan Crypto Trades, the chart for ONDO is the kind investors dream of during a bullish trend. Despite the inherent volatility and occasional “scary” times, the overall trend remains healthy. He likened this trend to that of a sector leader, showcasing strong upward momentum.
Cameron Fous also shared his optimism, noting that $ONDO’s chart is forming a flag pattern. He predicts that breaking this pattern could propel the price to the $2 – $2.50 range.
$ONDO chart is loading up… Kryptonite breakout followed by its current flag formation. Break this and its a full send to $2 – $2.50 ish range. Are you an $ONDO fan? Drop a Like/RT! pic.twitter.com/0gL7xKtr7J
— Cameron Fous (@Cameronfous) June 1, 2024
As per CoinGecko, the price of Ondo (ONDO) is currently $1.24, with a daily trading volume of $207,689,584.30. This marks a 4.97% price rise in the last day and a 0.59% increase over the past week. Such performance highlights Ondo’s growth and potential for further gains.
ONDO Partnership With MANTRA
Ondo Finance has recently announced a pivotal partnership with MANTRA Chain. MANTRA will feature Ondo’s flagship yieldcoin, $USDY, as a genesis asset when its blockchain debuts.
USDY provides exposure to short-term US Treasuries and offers the utility of stablecoins. Nathan Allman, CEO of Ondo Finance, expressed excitement about this integration. He emphasized that it aligns with their mission to bridge traditional finance and DeFi at scale.
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Launch of RWA Savings Vault
Moreover, MANTRA Chain has launched an RWA Savings Vault powered by Ondo’s USDY. This vault allows contributors of USDC to access low-risk, short-term US Treasuries yield.
Besides, those holding until the MANTRA Chain mainnet launch will receive additional rewards, including $ONDO and mainnet $OM coins. This initiative aims to enhance onchain liquidity and cater to institutional investors’ growing demand for RWA tokenization.
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Nathan Allman highlighted the significance of the USDY vault’s launch on MANTRA. He stated, “This yield-bearing vault is an exciting step in our journey to bring institutional-grade assets to the world.”
Additionally, JP Mullin, Co-Founder & CEO of MANTRA, noted that enabling Ondo $USDY is crucial for enhancing onchain liquidity and supports their broader strategy of creating a highly liquid Layer 1 blockchain.
Ondo Finance is clearly on a path of growth and innovation, supported by bullish market trends and strategic partnerships. The integration with MANTRA and the launch of the USDY vault signify substantial progress in bridging traditional and decentralized finance.
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The post Ondo Finance (ONDO) Sees Bullish Trend with Key Partnerships: Expert Predicts Rally to These Next Targets appeared first on CaptainAltcoin.