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Can ONDO Price Hit $2 or $5?
In a strategic alliance, Ondo Finance has joined hands with Donald Trump-backed DeFi project World Liberty Financial. The collaboration envisions advancing the adoption of tokenized real-world assets (RWAs) and integrating traditional finance into the blockchain ecosystem.
Despite Ondo Finance’s significant milestone, the ONDO price struggles to recover from the recent crash. Nevertheless, speculation suggests that ONDO’s price may skyrocket to $2 or even $5. As a result, investors and traders are closely monitoring the platform’s future developments and ONDO’s corresponding market responses.
Ondo Finance-World Liberty Financial Partnership: What To Know
Ondo Finance, a tokenized real-world asset issuer, has entered into a strategic collaboration with the much-hyped World Liberty Financial. As per Ondo Finance’s X post, the partnership seeks to drive the mainstream adoption of tokenized Real-World Assets (RWAs) and merge traditional finance with blockchain.
In addition, this collaboration will see Ondo’s tokenized assets added to the World Liberty Financial (WLFI) network. This fortifies World Financial’s treasury reserves and strengthens its financial foundation. The World Liberty Financial will also integrate Short-Term U.S. Government Treasuries (OUSG) and U.S. Dollar Yield (USDY) tokens, allowing users to access lending and margin trading options.
World Financial Seeks to Support Ondo Global Market’s Growth
Notably, with the alliance, World Liberty Financial aims to support the growth of Ondo Global Markets, Ondo Finance’s platform that enables the tokenization of traditional financial assets. As part of the partnership, select WLFI users will be able to access tokens on Ondo Global Markets, unlocking exposure to thousands of real-world assets in a fully on-chain environment.
World Liberty Financial’s Web3 Ambassador Donald Trump Jr. expressed excitement for the joint venture with Ondo Finance. He posited that the partnership offers the WLFI network a secure source of yield, as well as access to traditional financial assets. He posited,
Our collaboration with Ondo Finance marks a significant step forward in aligning traditional financial systems with blockchain innovation. By integrating Ondo’s tokenized assets, we’re providing our network with access to traditional financial assets and new yield opportunities.
This development follows Ondo Finance’s recent introduction of Ondo Chain, a Layer 1 blockchain designed to advance institutional adoption of tokenized real-world assets.
ONDO Price Trades in Red, Targets $5
As of press time, ONDO price is at $1.31, marking a notable decline of 6.36% in a single day. However, over the past month, the ONDO price has secured gains of 12.38% despite a weekly dip of 2.23%.
According to ONDO price prediction, the token price will experience a bullish turnaround, reversing its current downward trend. Trader Tareeq presented a one-day chart of ONDO, predicting the token’s potential uptick to $2.5. Another analyst, JChains, provided a more bullish outlook, forecasting ONDO price to hit $5. Strengthening his prediction, he cited, “$5 is NOT just a dream—it’s the next level.”
Meanwhile, Kyren, a financial specialist, shared an ambitious forecast for ONDO. According to his research, ONDO is set for the next bullish resurgence, targeting $10.
Nynu V Jamal
Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Volatility Shares LLC, a Florida-based investment firm, is set to introduce the first-ever Solana futures ETFs in the United States. These new financial products will provide investors with exposure to Solana, the sixth-largest cryptocurrency by market capitalization, which is valued at approximately $67 billion.
The launch follows the success of Bitcoin futures ETFs, which have gained substantial investor interest. According to the company’s registration statement, trading for the new ETFs will commence on Thursday.
Volatility Shares Introduce Solana Futures ETFs
Volatility Shares LLC is preparing to launch two new Solana futures ETFs, marking the first time such products will be available on Wall Street. These ETFs will allow institutional and retail investors to gain exposure to Solana without directly holding the cryptocurrency. The firm first submitted regulatory filings with the U.S. Securities and Exchange Commission (SEC) in December, signaling its intent to enter the expanding market for crypto-based financial products.
The two ETFs will trade under the tickers SOLZ and SOLT. The standard Solana ETF (SOLZ) will track Solana futures, while the leveraged Solana ETF (SOLT) will offer twice the exposure to Solana’s price movements. The introduction of these funds reflects growing institutional interest in cryptocurrency-based investments.
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Ronny Mugendi
Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Cryptocurrency exchange giant Binance again captured substantial market attention with its latest update on StraitsX USD (XUSD) and Four (FORM) coins this Wednesday. The exchange announced that it is expanding market support for these assets by adding them to its stockpile of trade offerings ahead. In an upshot, traders and investors extensively eye these crypto to capitalize on emerging market opportunities.
Binance Reveals Market Support For XUSD & FORM
In an official Binance release on March 19, the crypto exchange outlined that it is adding the abovementioned assets to the ‘Simple Earn, Buy Crypto, Convert, Margin, Auto-Invest, and Futures trading’ divisions. The platform’s colossal user base is primed to witness XUSD and FORM listing on ‘Simple Earn’ starting the announcement date at 08:00 UTC.
Further, users can buy these assets via VISA, MasterCard, Google Pay, Apple Pay, and Revolut, underlining the CEX’s vast offerings. In addition, trading against BTC, USDT, and other cryptos supported on the ‘Convert’ division at zero fees within one hour of the coins’ spot listing will also be supported.
In an announcement earlier this week, the top crypto exchange notified that the StraitsX listing is at 08:00 UTC on the abovementioned date.
What’s More For Traders In The Binance Announcement?
FORM/USDT crypto pair will further be added as a new borrowable asset on ‘Cross and Isolated Margin.’ This offering will launch on the abovementioned date at 08:20 UTC.
Also, futures trading for FORMUSDT will commence at 08:00 UTC. Traders can enjoy up to 50x leverage on the crypto’s USD-Margined futures contract facilitated by the exchange.
More About The Cryptos
Notably, StraitsX is a major stablecoin provider backed by the MAS (Monetary Authority Of Singapore). XUSD is a stablecoin pegged to the U.S. Dollar and runs atop Ethereum and Binance Smart Chain blockchains.
As of press time, the total supply for the stablecoin was 26.35 million tokens. Each XUSD is backed by reserve assets maintained at more than or equal to 100% of the value in circulation.
FORM price gained nearly 2% in the past 24 hours and exchanged hands at $1.79. The coin hit an intraday low and high of $1.54 and $1.80, respectively. It’s worth pointing out that Four is a rebranded and token-swapped version of BinaryX (BNX).
Overall, the CEX continues to cement its global rankings with top-notch offerings for traders. Intriguingly, CoinGape previously reported that Binance also unveiled support for MKR, EPIC, DF, GMX, and RPL, adding to its optimistic market endeavors.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
As the XRP lawsuit nears its long-awaited conclusion, experts predict potential developments within the XRP ecosystem. Industry insiders and market enthusiasts provide diverse opinions and anticipations of the potential outcomes of the Ripple vs SEC case.
After years of intense litigation, the high-profile Ripple lawsuit is nearing its end. Let’s unveil its possible implications and Ripple’s potential moves.
XRP Lawsuit Nears End: What Awaits Next?
Ripple’s post-lawsuit strategy sparks intense speculation as the XRP lawsuit nears its much-anticipated resolution. Despite ongoing uncertainty around the Ripple vs SEC case, industry expert All Things XRP provides insight into Ripple’s potential future moves.
In a recent X post, All Things XRP forecasted potential developments within the Ripple ecosystem. The developments include Initial Public Offerings (IPO), new partnerships, CBDC & stablecoin developments, lawsuit win celebrations, and ETF prospects.
Ripple To Accelerate Growth: IPO and Banking Partnerships
According to All Things XRP’s predictions, Ripple may be on the verge of announcing a highly anticipated IPO, unlocking new investment opportunities. Ripple’s recent share buybacks have pegged the company’s valuation at a staggering $11.3 billion, sparking widespread speculation about its future plans. An IPO would not only unlock lucrative exit opportunities for early investors but also significantly strengthen Ripple’s market presence.
While Ripple currently boasts more than 300 banking partners, a potential victory in the XRP lawsuit could pave the way for expanding its network. The expert’s bold prediction read, “Legal concerns may have delayed deals with major banks, but post-lawsuit, expect big names to join RippleNet—perhaps Bank of America, American Express, or Santander.”
Will XRP Lawsuit Win Boost Ripple’s CBDC and RLUSD Projects?
Reportedly, Ripple is currently piloting Central Bank Digital Currencies (CBDCs) in several countries, with Colombia and Palau being among the notable locations for these experiments. According to All Things XRP, a favorable outcome in the XRP lawsuit could bolster these efforts, accelerating the real-world implementation of CBDCs.
Meanwhile, the expert shed light on the XRP Ledger’s (XRPL) stablecoin project’s rapid growth. Although relatively new to the stablecoin ecosystem, Ripple’s RLUSD has demonstrated remarkable growth and adoption, positioning it ahead of established competitors like Ethena’s USDe and Circle’s EURC. Recently, Ripple resumed stablecoin minting by issuing 6,500,500 RLUSD.
Ripple SEC Case Victory To Spark XRP ETF Approvals
XRP has been exhibiting increased adoption and acceptance over the past few months, especially following Donald Trump’s re-election. Multiple asset managers have submitted their XRP ETF applications, with the SEC acknowledging them.
However, the SEC’s approval and the subsequent ETF launch still remain in a state of limbo due to the ongoing ambiguity surrounding the outcome of the Ripple lawsuit. As pointed out by All Things XRP, the potential conclusion of the XRP lawsuit could bring clarity to ETFs, ultimately triggering the launch.
Another significant development on the horizon is the widespread celebrations and community engagement following the XRP lawsuit resolution. This major milestone is expected to foster adoption and innovation within the ecosystem.
Although predictions abound, the outcome and timeline of the Ripple vs SEC case remain uncertain. Experts are split on the likelihood of an early resolution, with some forecasting a potential conclusion as early as March or April, while others predict a delay until July or August.
Nynu V Jamal
Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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