ONDOWETH_7B1E5D.USD trade ideas
Ondo UP #RWAThis is my best guess on this RWA stuff.
Ultimately a CuSIP is just a token read more here
Only the Paranoid - Grove
Stay Frosty - Hicks
ONDOUSD Elliott wave countBelow 1.05 we are looking to the downside to complete a zigzag correction wave (ii) of ((3))
Ondo Finance 20B Market Cap CoinOne of the prevailing narratives in this bull market is the institutionalization of cryptocurrency as a legitimate asset class. When Larry Fink initially broached the idea of a Bitcoin ETF (back when it was around GETTEX:25K ), many seasoned traders dismissed it and even bet against Bitcoin. However, IBIT has since emerged as the most successful ETF launch of all time. Last week, Larry Fink expressed optimism regarding the potential of an Ethereum ETF, emphasizing the advantages of tokenizing financial assets. Despite this, many have downplayed the possibility of an Ethereum ETF receiving approval in the near future.
Moreover, Ondo recently injected $95 million into BlackRock's BUIDL fund, which primarily consists of US Treasuries aiming to deliver a 3-5% APY. In my view, Ondo represents an ideal investment opportunity aligned with the narrative of tokenizing real-world assets. With the potential for Bitcoin to reach around $125k by 2025, Ondo could evolve into a project with a market capitalization ranging between $10-20 billion.
ONDO average drawdown = 21%Based on maping the lowest point after each breakout above 2 hr Bolinger
Could see .78-.80 based on this and all seems bullish barring unforseen selling.
