- 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 tasks 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.
Whereas 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 tendencies.
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 considerations within the tokenised asset area.
Ondo builds RWA community
Ondo Finance, launched in 2021, has grow to be a key participant within the RWA sector. The platform goals to convey 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 targeted on RWA tokenisation. It introduced collaborations with Google Cloud, BlackRock, PayPal, Franklin Templeton, WisdomTree, and McKinsey.
Regardless of this momentum, $ONDO is at present 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 shifting averages (SMAs).
Trump-linked backing
Together with company partnerships, Ondo has lately attracted political consideration. Donald Trump Jr. appeared on the Ondo Finance Summit, and World Liberty Monetary—affiliated with the Trump household—invested $460,000 in $ONDO one week earlier than the occasion.
Whereas this assist gained media consideration, it hasn’t reversed the market pattern.
Ondo additionally joined Mastercard’s Multi-Token Community (MTN), introducing the Ondo Quick-Time period US Treasuries Fund (OUSG) because the community’s first tokenised asset.
This transfer marks a step in direction of integrating RWAs into mainstream finance, probably difficult conventional choices from main asset managers.
$ONDO exams key assist
Technically, $ONDO is clinging to assist 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 high.
A breakdown under this assist band might 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 essential in assessing near-term draw back danger.
Nonetheless, the Ondo International Markets GM platform has helped the protocol cross $1 billion in whole worth locked (TVL) as of March. Every day 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 inside the decentralised finance area.
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.