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The Ondo price jumped 22% in the last 24 hours to trade at $0.9939 as of 4 a.m. EST on trading volume that dropped 24% to $650.46 million.
Over the past month, the 69th-largest crypto has surged by over 100%, to hit an all-time high of $1.02 earlier today.
For a cryptocurrency launched only in mid-January, it’s an impressive feat. This recent price surge may have been helped by CEX.IO, which the project’s team announced on April 13, around the time its price started to head north.
📣 @cex_io has listed $ONDO! 📣 https://t.co/dDGHYz1LMW
— Ondo Foundation (@OndoFoundation) April 13, 2024
Two days before that, Kraken Pro also shared that ONDO became available for trading on its platform, and a day before that ONDO went live on WazirX.
⚡️ONDO/USDT trading is live on WazirX ⚡️
You can now buy, sell, and trade $ONDO in the USDT market of WazirX! @OndoFoundation
Repost & spread the word 🙌https://t.co/o0fKiLiOjy
— WazirX: India Ka Bitcoin Exchange (@WazirXIndia) April 10, 2024
That represents listings on three massive CEXes in a single week, meaning that it is no surprise that the ONDO price has managed to hit an ATH. The big question now though is where will it go from here?
Ondo Price Prediction
So far, the price of ONDO rose over the weekend, and the same increase continued throughout the early hours of Monday morning. However, with the project hitting an ATH earlier, it has entered uncharted territory, where it is harder to know its limits since there is no historical data to suggest what might happen next.
With that being the case, traders and investors tend to use technical indicators, such as Bollinger bands. Right now, the bands are the widest they have been in the past week, which is a bullish signal.
However, it is never wise to rely on a single technical indicator, but rather try to see what the others are showing. For example, Ondo’s Relative Strength Index (RSI) value shows that the buying power is dropping and that traders have moved in to take profit after the RSI score hit the overbought zone.
This is likely why the price dipped from the ATH slightly, and why the RSI score dropped from 71.60 a few hours ago to 61.67 — much closer to the neutral zone. However, the optimism surrounding the token is still very strong, and traders will likely move in to buy the dip before long, pushing the price back up again.
For now, it is clear that the resistance at $1 is a massive barrier, but Ondo managed to breach it once already, and with enough buying pressure building up, it could potentially give it another try in hours to come. Alternatively, its price has a strong support at $0.90, although an even stronger one sits at $0.80.
Promising Alternatives to Ondo
While Ondo certainly looks like a promising project to go after right now, many crypto traders prefer presales. This has its advantages, as presales enable investors to get in on the ground floor, before demand pushes the value of tokens sky-high.
But for such an increase to eventually come, investors need to find a strong project to back — and one of those just might be 5th Scape (5SCAPE).
This is the world’s first AR and VR ecosystem that aims to connect the world’s smartest minds. More than that, it is a gateway for the next big thing of this decade, which is believed to be the rise of virtual and augmented realities.
In the virtual world, the boundaries of physical existence are pushed to entirely new limits. For now, 5th Scape recognizes this technology’s tremendous potential to revolutionize sectors like education and entertainment.
🚀 Our presale has surged past stage 3!
🌐 Join us now and delve into a world of virtual reality with our multi-utility token.
🎉 Don't miss out on being part of our vibrant community! #cryptocrash #cryptocrash #Wormhole #cryptocurrency #5thScape #Presale #4thstage 🌟 pic.twitter.com/QeznEVAvFJ
— 5th Scape (@5th_scape) April 4, 2024
So far, 5SCAPE has raised over $5.12 million, and there is only a little more than a day left before its next scheduled price increase. So, anyone looking to buy should move quickly to secure the best price.
With the listing price set at $0.01, buying now at $0.00327 means locking in a 206% gain before listing. You can buy it with ETH, MATIC, BNB, USDT, or a credit/debit card.
Visit the 5th Scape official website here.
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