ONDO Addresses Skyrocket 390% Amid Expansion to Stellar Network

Key Notes

• ONDO saw a 390% increase in new addresses within 24 hours, rising from 935 to 4,559.
• The price of ONDO climbed 5.5% in a day, now trading at $0.86.
• Ondo Finance’s TVL has increased by 50% since early February, reaching $1 billion. .

Ondo Finance has seen a 390% increase in new addresses within just 24 hours, jumping from 935 to 4,559. The jump coincides with a 5.5% ONDO price increase over the past day. According to the data by CoinMarketCap, the token is trading at $0.86.

This rally comes just a day after Ondo Finance’s announcement of expanding its tokenized US Treasuries to Stellar Network, potentially unlocking an additional $10 million in annual yield

This move aligns with a broader industry trend of integrating real-world assets (RWA) into the blockchain space.

Alongside the influx of new users, Ondo Finance’s total value locked (TVL) has grown by 50% since early February, currently sitting around $1 billion

ONDO Price Outlook

ONDO boasts a market cap of $2.65 billion, securing the 34th position among the largest cryptocurrencies. Given its positioning as a leading RWA project, ONDO is at the forefront of tokenizing real estate and financial assets in the US

With US President Donald Trump’s recent pro-crypto stance, investors expect a major growth trajectory in the coming months.

On the daily price chart, ONDO price is currently near the lower Bollinger Band, suggesting that the token might be oversold and due for a bounce. However, a break below this level could indicate further downside potential.

Meanwhile, RSI is also approaching oversold conditions, currently hovering around 37. An increase in buying pressure could result in a potential upward move. At the time of writing, ONDO is recording a trading volume of $250 million.

On the other hand, the MACD indicator suggests bearish sentiment. If the token holds above its current support near $0.80, a breakout above $1.00 could trigger a run towards $1.50 and higher.

As adoption of RWAs and recent blockchain integrations increases, ONDO price action remains highly bullish among analysts

Popular X analyst Crypto General noted that the ONDO price is consolidating in a range of $0.57 and $1.47 and the current price is a good entry point. They predicted an “easy target” of $7–$10 for this bullish season.

However, it is important to note that if ONDO breaks below its support level amid a broader market downturn, the price could revisit lower levels around $0.60.

nextDisclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.