Ondo finance price crashes by 60%, while the Altcoin market loses $ 650 billion

Ondo finance price crashes by 60%, while the Altcoin market loses $ 650 billion

• The market capitalization of old coins has fallen from USD 1.6 trillion to $ 950 billion in four months.
• ondo cooperates with Blackrock, PayPal, Google Cloud.
• The token keeps itself at $ 0.82, but runs the risk of falling on the level of $ 0.70.

The cryptocurrency market has reached a pronounced bear phase, whereby the market overview of Coinbase on April 15 confirmed a decline in the market capitalization of the old coins by 41 %.

of a maximum of $ 1.6 trillion in December 2024, the Altcoin market is now $ 950 billion, which means a loss of assets of USD 650 billion.

This decline has triggered severe losses in all areas, especially in projects that had previously aroused institutional interest.

The native Token of ondo finance, $ and ondo, is one of those affected, with a decrease of over 60 % of its high.

The decline takes place despite the growing strategy of the company in the area of ​​real assets (RWA) and increasing visibility in both corporate and political circles.

While wider macroeconomic printing factors and a falling risk appetite strongly on the crypto evaluations, the case of ondo emphasizes the discrepancy between the market performance and the underlying adoption trends.

Despite the support of institutional partners and top-class recommendations, the question remains whether this divergence is temporary or a reflection of deeper liquidity problems in the area of ​​tokenized asset.

Ondo builds RWA network to

Ondo Finance, which was founded in 2021, has developed into an important player in the RWA sector. The platform aims to put institutional financial instruments such as US state bonds, bonds and money market funds on the blockchain.

in February The project launched its own layer 1 blockchain, which focuses on the tokenization of RWA. Cooperation with Google Cloud, Blackrock, PayPal, Franklin Templeton, Wisdomtree and McKinsey were announced.

Despite this swing, $ ondo is currently traded at $ 0.8219-a decrease of over 60 % compared to the maximum state in December. The wider market structure remains bearish, since the price movement is consistently among the 20, 50 and 200 simple moving average (SMA).

Trump's support

In addition to corporate partnerships, Ondo also recently attracted political attention. Donald Trump Jr. appeared the Ondo Finance Summit, and World Liberty Financial-combined with the Trump family-invested 460,000 USD in $ ondo.

Although this support received media attention, it did not reverse the market trend.

Ondo has also joined the multi-token network (MTN) from MasterCard and introduced the ONDO Short-Term US Treasuries Fund (OUSG) as the first tokenized assets of the network.

This step marks progress in the integration of RWAS into the main financing and could challenge the traditional offers of large asset managers.

$ ondo tests important support

Technically speaking, $ Ondo adheres to the support between 0.81 and 0.82 USD, whereby the 100-period SMA is $ 0.8161. The token has repeatedly experienced rejections between 0.88 and 0.90 USD - an area of ​​previous institutional interest - which indicates continuing resistance on the top.

A breakthrough below this range of support could send the token towards 0.75–0.77 USD or possibly to $ 0.70, which served as a setback point at the beginning of Q1. These zones remain crucial for evaluating the short -term downward risk.

Nevertheless, the Ondo Global Markets GM platform helped the protocol to exceed over 1 billion USD to overall blocked value (TVL) in March. The daily trading volume exceeded $ 300 million, with an annual turnover of 6 million USD, .

Partnerships with Aligning networks such as aptos - which even over 1 billion USD exceeds to stable TVL - continue to anchor and continue to be in the area of ​​decentralized finances.

The short-term image remains bearish, but with deep integrations both in the financial and political sectors, and Ondo continues to position itself for long-term relevance in the institutional crypto ecosystem.

The article ondo finance price falls by 60%, while the Altcoin market loses 650 billion USD, first appeared on Coinjournal.