Is It Too Late to Invest in Ondo? ONDO Price Surges as Attention Shifts to New AI Meme Coin – $2.5 Million Raised
Joel Frank
Last updated:
May 24, 2024 09:57 EDT
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3 min read
The Ondo Finance (ONDO) price is experiencing a significant increase, surpassing $1.10, which has led investors to question whether it is too late to enter the market and buy Ondo.
This week, ONDO has seen a 26% increase as traders invest in the rapid growth of the Ethereum ecosystem. The recent approval of spot Ethereum ETFs by the SEC is expected to bring in substantial liquidity to ETH and its ecosystem, indicating that the price momentum of ONDO will likely remain strong after breaking the key resistance level of $1.
Investors are concerned that they may have missed the opportunity to purchase ONDO after its recent surge. However, the fundamentals of Ondo Finance support a bullish outlook. The tokenization of real-world assets is one of the most promising sectors in the crypto and Ethereum space, and Ondo Finance operates as an Ethereum-based platform that facilitates this process. It has consistently ranked as one of the top coins for investing in real-world assets.
One of Ondo Finance’s success stories is its Ondo Short-Term US Government Treasuries (OUSG) token, which offers a yield of 4.96% and has a locked trade value of nearly $200 million, according to the project’s website. Ondo Finance’s total value locked (TVL) has doubled since the beginning of the year and recently reached a record high of over $450 million, as reported by DeFi Llama. CoinMarketCap shows that ONDO has seen an almost 600% increase year-to-date.
Despite the recent price growth, it is not too late to invest in ONDO. As Ethereum continues to grow with the approval of the ETF, ONDO’s price is expected to increase further. With a fully diluted market cap of approximately $11.3 billion, there is still potential for ONDO to increase by 5 times or more in the coming years, which would be a significant return for investors.
However, in the world of crypto, investors often seek higher-risk, higher-reward opportunities. This has led many to explore the meme coin market, where substantial gains of 100 times or more are possible. One particular meme coin that analysts at Cryptonews are excited about is Wiener AI (WAI), which offers AI-powered trading tools. The presale of WAI has already raised over $2.7 million, and investors are eager to secure tokens.
WAI stands out in the market due to its AI tools, which provide utility to investors. Additionally, 20% of the supply has been allocated to staking rewards, offering a passive income opportunity with a massive 365% APY, as stated on the project’s official website. Crypto experts, including popular analyst ClayBro, predict that WAI will experience a significant increase in value following its launch.
Investors interested in WAI need to act quickly, as the price will rise once the presale hits $3.066 million. Currently priced at $0.000701, investors can acquire WAI with a market cap of under $50 million. If WAI becomes a market leader, early investors have the potential to earn significant returns of 10 times or more.
It is important to note that investing in crypto carries a high level of risk. This article is for informational purposes only and should not be considered investment advice. Capital loss is possible.