- Altcoin market cap falls from $1.6T to $950B in 4 months.
- Ondo companions with BlackRock, PayPal, Google Cloud.
- Token holds $0.82 however dangers drop to $0.70 stage.
The cryptocurrency market has entered a pronounced bearish part, with Coinbase’s April 15 market overview confirming a 41% drop within the altcoin market capitalisation.
From a excessive of $1.6 trillion in December 2024, altcoins now stand at $950 billion, wiping out $650 billion in worth.
This downturn has triggered steep declines throughout the board, notably for initiatives that had beforehand gained institutional traction.
Ondo Finance’s native token, $ONDO, has been one of many hardest hit, falling over 60% from its peak.
The stoop comes regardless of the platform’s increasing real-world asset (RWA) technique and rising visibility in each company and political circles.
While broader macroeconomic pressures and declining danger urge for food are weighing closely on crypto valuations, the case of Ondo highlights the disconnect between market efficiency and underlying adoption developments.
As institutional companions and high-profile endorsements proceed to again the protocol, questions stay about whether or not this divergence is momentary—or a mirrored image of deeper liquidity issues within the tokenised asset house.
Ondo builds RWA community
Ondo Finance, launched in 2021, has turn into a key participant within the RWA sector. The platform goals to deliver institutional-grade monetary devices like US Treasuries, bonds, and cash market funds to the blockchain.
In February, the project launched its personal Layer-1 blockchain centered on RWA tokenisation. It introduced collaborations with Google Cloud, BlackRock, PayPal, Franklin Templeton, WisdomTree, and McKinsey.
Despite this momentum, $ONDO is presently buying and selling at $0.8219—down over 60% from its December excessive. Its broader market construction stays bearish, with value motion persistently under the 20, 50, and 200 easy transferring averages (SMAs).
Trump-linked backing
Along with company partnerships, Ondo has lately attracted political consideration. Donald Trump Jr. appeared on the Ondo Finance Summit, and World Liberty Financial—affiliated with the Trump household—invested $460,000 in $ONDO one week earlier than the occasion.
While this help gained media consideration, it hasn’t reversed the market development.
Ondo additionally joined Mastercard’s Multi-Token Network (MTN), introducing the Ondo Short-Term US Treasuries Fund (OUSG) as the community’s first tokenised asset.
This transfer marks a step in the direction of integrating RWAs into mainstream finance, probably difficult conventional choices from main asset managers.
$ONDO checks key help
Technically, $ONDO is clinging to help between $0.81 and $0.82, with the 100-period SMA at $0.8161. The token has confronted repeated rejections between $0.88 and $0.90—an space of earlier institutional curiosity—pointing to continued resistance on the prime.
A breakdown under this help band may ship the token towards $0.75–$0.77, or probably to $0.70, which served as a rebound level in early Q1. These zones stay crucial in assessing near-term draw back danger.
Nonetheless, the Ondo Global Markets GM platform has helped the protocol cross $1 billion in whole worth locked (TVL) as of March. Daily buying and selling quantity has topped $300 million, with annualised income at $6 million, according to DeFiLlama.
Partnerships with high-growth networks like Aptos—which itself has crossed $1 billion in stablecoin TVL—additional anchor Ondo throughout the decentralised finance house.
The short-term image stays bearish, however with deep integrations throughout each monetary and political sectors, Ondo continues to place itself for long-term relevance within the institutional crypto ecosystem.
