ONDO Price Skyrockets: Will the Bullish Momentum Continue?
Investors are paying close attention to ONDO as its price has increased by around 28% today. Notably, the market has been more optimistic as a result of the recent spike in altcoins, which has helped it reach its new all-time high in the past day. It is noteworthy that the whole cryptocurrency market, Bitcoin, and leading altcoins have all experienced recent surges, suggesting that traders have a great deal of confidence. Nonetheless, the present surge has also spurred debates over possible causes for the push, and many people are trying to determine whether the rally will likely continue in the future.
On the other hand, a well-known cryptocurrency market influencer, Grey BTC, recently stated that ONDO is seeing a sharp increase in retail demand. The influencer pointed out in a recent social media post that Upbit has been holding the most ONDO for the past five months.
Speculation Over Binance Spot Listing Boosts ONDO Market Sentiment
Furthermore, according to Grey BTC, Upbit now has more tokens than “initial VCs,” which include Coinbase, Pantera, and others. The influencer stated that there is a definite rush to accumulate ONDO, signaling substantial institutional interest in the cryptocurrency, in light of all of these factors. To add to market euphoria, he also projects that the cryptocurrency will reach $15 by the end of the year.
Meanwhile, the current spike can also be due to speculation about ONDO’s spot listing on Binance. It’s important to note that ONDO Futures is already trading on Binance, a leading cryptocurrency exchange, which has generated market commentary. A possible ONDO Spot listing on the exchange is being speculated about by social media users in light of this.
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