Oondo Finance has announced the launch of Ondo Nexus, which prompted the growth of ONDO prices and the expansion of liquidity for the distinctive symbol. After the announcement, the price of the UNDO increased by more than 15 % to $ 1.38, with the trading volume exceeding $ 1.2 billion.
The symbol also gained 7.74 % during the past week, with the support of increasing the investor’s interest in the asset code in the real world (RWA).
Oondo Nexus expands liquidity for the distinctive symbol
Oondo Finance ono Nexus, a new initiative aimed at strengthening liquidity for a distinctive treasury issued by third parties. The platform of the assets of Franklin Timbalton, Wisdomtree, Wellington Management, Fundbridge Capital will benefit from liquidity around the clock throughout the week the Blackrock and PayPal. This step follows the late step last month as Ondo Finance Ripple took advantage of the distinguished American Treasury box, OSG, to Ledger XRP (XRPL).
“Oondo Nexus represents the next step in progressing the distinctive cabinet and the broader RWA category.” He added that the initiative enhances partnerships with traditional financial institutions while improving the ability to recover distinguished assets.
Ondo Nexus enables investors to recover the distinctive symbols of Stablecoins such as USDC, with the expectation of adding Paypal usd (Pyusd) soon. This development aims to improve access and elasticity of digital assets backed by traditional financial tools.
The price of the Oondo to expand the RWA infrastructure interact
After announcing Oondo Nexus, Oondo PRICE witnessed a strong upward movement. The symbol showed the bullish momentum, reaching a height of $ 1.38. Increased demand for the distinctive symbol bonds and the increased investor’s confidence in the financing of ONDo contributed to increasing the recent prices.
Technical indicators indicate a continuation of the upward trend. The golden cross was formed, with average average moving intermediate crossing for 50 days above the moving average for 200 days. This style often indicates oud momentum. In addition, the price of the UNDO is a falling scent, which may lead to more gains in the event of an outbreak.
The RSI is currently 50.68, indicating a bit neutral momentum. The next resistance level is estimated near $ 2.60, while support levels are $ 1.01 and $ 0.79 must be ruled in the market.
Distinguished code RWA sees continuous growth
The RWA sector has seen the rapid expansion, with the total closed value (TVL) in symbolic wardrobe bonds exceeding $ 3 billion in 2024. Ondo Finance remains a major player in this space, providing a redemption around the clock throughout the week with no fees for investors. The ability to convert the distinctive cabinet into stablecoins has increased the demand for these assets.
By combining the distinctive locker bonds of a number of exporters, Ondo Nexus enhances the total infrastructure of the RWA. Investors now have more options to manage their assets efficiently, which reduces dependence on traditional financial markets.
With the increase in the adoption of the distinctive cabinet and the expansion of liquidity solutions, the price of the UNDo may last in its upward path. Analysts expect more gains if the price is separated from the fall of the falling wedge. If the momentum continues, Oondo PRICE can test the resistance level of $ 2.60 in the coming weeks.
Kelvin Monin Murithi
Kelvin is a distinguished writer who has experience in encryption and financing, holding a Bachelor’s degree in Actura Sciences. It is famous for its careful analysis and insightful content.
Responsibility: Is market research before investing in encrypted currencies? The author or post does not bear any responsibility for your personal financial loss.
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