Let’s talk about ONDO today.
Ondo Finance is a DeFi protocol built on Ethereum, which directly transfers traditional liquidity services to the currencyization of real-world assets (RWA). It hopes to build a bridge between crypto assets and the real economy through new financial products.
Ondo provides fund products based on underlying assets such as US government bonds, bills, and money market funds, providing diversified choices for investors with different risk preferences. The management fee rate is not high, 0.15%.
If we use the investment logic of a bull market, we should not only look at the market value, but also look at the consensus, the leader, the growth potential, the team, the investment institutions, and the market operation.
ONDO has a good position in the RWA race. This race can attract compliant capital, which means it can attract money from outside. Where the money flows, there is value. In addition, ONDO is one of the few compliant projects in the race. If traditional capital wants to invest in RWA, ONDO is definitely the first choice. At the same time, ONDO has also obtained the endorsement of first-tier investment institutions, and both the capital market maker and the capital market maker are regular players on the Wall Street.
Currently, ONDO is still in a very early stage. When the market starts to fomo, any good news in the RWA track will be related to ONDO, and the coin price will be driven up by the market, and its value is far from being discovered.
The current price is 0.62, which is a good bargain hunting position.
Due to the existence of ETFs, the price performance of BTC and altcoins, as well as the relationship between the bull and bear markets of the crypto market, may have changed. Therefore, BTC will fluctuate sideways at a high level, while altcoins will fall all the way. Currently, Bitcoin is down 22% from its ATH, while most mainstream altcoins have fallen 70-90% from their current highs.
If we take January 2023 as the starting point of this round of rise, it will be 16 months by May 2024; if we take October 2023 as the starting point, it will be 7 months.
During this period, there were projects like Portal that had public pre-sales and were listed on Binance directly after opening, and there were also projects like Bome that were listed on Binance 3 days after launch. Looking back now, liquidity and sentiment were at a peak from February to May.
Anyway, I currently have no idea about the subsequent bullish or bearish market. My intuitive feeling is that the altcoins have already fallen quite cheaply, and Bitcoin is staying at a relatively high level. For the altcoins I like, I am afraid of missing out and a sharp drop, so I am temporarily holding on to my U position and waiting.
Since you have read this far, please follow and like before leaving. I am Qingtian, an old investor who sincerely wishes you to get rich!
