Ondo Finance has seen a big jump in its price, rising over 35% in just 24 hours. This surge is driven by some positive news in the market. Traders are buzzing with predictions that ONDO could soon be listed on Binance. One even suggests it might hit $4 by the first quarter of 2025.
Currently, Ondo Finance (ONDO/USD) is priced at $1.71, with a market cap of about $2.2 billion. In the last day, it has increased by 38.9% and has a remarkable 75.4% rise over the past week. For comparison, Maker (MKR/USD) is at $2,178.34 with a market cap of $1.9 billion, showing a 14.6% gain in the last day and 26.7% over the week. Meanwhile, MANTRA (OM/USD) is priced at $3.85 and has a market cap of $3.5 billion, reflecting a 10% increase in the last 24 hours and a 7.9% rise in the past week.
Traders are noticing significant activity on the blockchain. Gypsy King, a crypto trader, believes Binance has been accumulating ONDO tokens weekly. This could mean an imminent listing, which might trigger a big price increase. Another trader, Kyren, points out that Binance wallets, including Binance 15, 16, and Hot Wallet 20, hold over 609,000 ONDO tokens. This adds to the rumors about a potential listing.
Ted Pillows, another crypto trader, highlights Ondo's strong fundamentals. According to data from DeFiLlama, Ondo's total value locked has skyrocketed from $221.5 million in April 2024 to $639.9 million in November. Pillows maintains his price target of $4 for ONDO by the first quarter of 2025.