ONDO Price Eyes Recovery as Tokenization of U.S. Stocks Gains Momentum
The post ONDO Price Eyes Recovery as Tokenization of U.S. Stocks Gains Momentum appeared on BitcoinEthereumNews.com.
TLDR: ONDO teams up with JPMorgan and Chainlink to tokenize U.S. stocks and ETFs onchain. Analysts see ONDO’s dip below $1 as a key buying zone amid long-term RWA momentum. Daily volume hits $148.7M despite price drop, showing steady investor engagement. ONDO’s broadening wedge pattern hints at a potential move toward the $3 resistance. The ONDO token is attracting interest once again as real-world asset (RWA) tokenization increases. Market watchers are turning to Ondo Finance as it pushes forward with efforts to tokenize U.S. stocks and ETFs. The project’s recent collaborations with major institutions, including JPMorgan and Chainlink, have strengthened its position in the DeFi space. With ONDO trading below $1, traders are monitoring whether the current dip presents a value entry. Amid market volatility, analysts suggest ONDO could benefit from the growing demand for 24/7 global access to traditional financial markets. ONDO Price Dips Amid Bullish Sentiment According to CoinGecko, ONDO’s price sits at $0.9081, marking a 2.44% decline in the last 24 hours. Over the past week, the token has dropped by over 10%, reflecting slower momentum. However, daily trading volume remains high at $148.7 million, signaling active investor interest despite the downturn. ONDO Price on CoinGecko CryptoED, a market analyst on X, pointed out that ONDO below $1 is a “gift” given its long-term potential. He noted that the token previously reached an all-time high of $2.14 five months ago, suggesting room for recovery. ONDO’s market cap currently stands at $1.4 billion, up from the $1 billion milestone reached in March 2024. In a May 2025 press release, Ondo Finance revealed it is working with JPMorgan and Chainlink to bring real-world securities to blockchain. The initiative uses JPMorgan’s Kinexys Digital Payments network for compliant and scalable settlements. Each tokenized asset will be backed 1:1 by the underlying…
Filed under: News - @ May 29, 2025 7:23 pm