As the Ondo Finance (ONDO) price surges to new record highs above $1.10 per token, investors are fretting and asking whether it is too late to buy Ondo.
ONDO is up around 26% this week as traders pile in on bets for rapid Ethereum ecosystem growth.
Spot Ethereum ETFs were approved by the SEC this week. This is expected to spur a flood of liquidity into ETH and its ecosystem.
BOOM!! APPROVED! There it is. The SEC just approved spot #Ethereum ETFs. What a turn of events. It’s really happening.
h/t @PhoenixTrades_ pic.twitter.com/KQ39mDyCbT
— James Seyffart (@JSeyff) May 23, 2024
Price moment looks set to remain strong in wake of the convincing break above key resistance around $1.
Traders are fretting that it might be too late to buy ONDO in wake of its latest pump higher. Source: TradingView
Ondo Finance’s fundamentals support a bullish outlook.
One of the most promising growth sectors within crypto (and Ethereum) is the tokenization of real-world assets.
Ondo Finance is an Ethereum-based platform that does just this. For some time it has ranked as one of the best RWA coins to invest in.
Ondo Finance Enjoying Rapid Growth
One of the platform’s biggest success stories is its Ondo Short-Term US Government Treasuries (OUSG) token.
The token yields 4.96% and has nearly $200 million in trade value locked, per the project’s website.
Ondo Finance’s overall TVL recently hit a record high above $450 million, as per DeFi Llama.
That’s up more than double versus the start of the year.
It shouldn’t come as a big surprise then ONDO is up nearly 600% year to date, as per CoinMarketCap.
Many investors will be fretting about not buying soon, and asking if it is too late to buy ONDO.
They shouldn’t overthink too much. ONDO’s price growth is only likely to continue as Ethereum grows post-ETF approval.
With a fully diluted market cap of around $11.3 billion, ONDO could still 5x or more in the coming years.
Most investors would be over the moon with returns like this.
But this is crypto. One of the biggest fantasies driving retail investors are stories of rags to riches.
As such, many crypto investors go way up the risk curve, hunting higher risk, but much higher reward opportunities.
A natural place for these investors to look is the meme coin market.
If they can get in on a meme coin that ends up gaining traction, 100x or more gains are possible.
One potential meme coin gem that analysts at Cryptonews like a lot is Wiener AI (WAI).
New AI Meme Coin Wiener AI – Can It Pump?
The cute sausage dog-themed coin comes packed with in-built AI-powered trading tools.
REASONS 1-10:
AI TRADING BOT. WIENER DOGS.
That is all.
— WienerAI (@WienerDogAI) May 21, 2024
And investors are already clamoring to secure tokens in the new AI meme coin’s presale, with over $2.7 million already raised.
In a market dominated by coins that lack utility, WAI’s AI tools differentiate it as a potential winner.
AI is a big market focus right now, after all, in wake of this week’s bumper Nvidia earnings.
Wiener AI is also a passive income gem. 20% of the supply has been allocated to staking rewards, and investors are currently earning a massive 365% APY, as per the project’s official website.
How staking your $WAI feels.https://t.co/g0LrikQz90 pic.twitter.com/3VneRo9wTq
— WienerAI (@WienerDogAI) May 9, 2024
Crypto experts have been lining up in support of the promising meme coin.
Popular crypto analyst ClayBro, who has nearly 130,000 subscribers on YouTube, thinks WAI will pump following its launch.
Interested investors need to move quickly, as the WAI price will rise when the presale hits $3.066 million.
At the current price of $0.000701, investors can secure WAI at a market cap of under $50 million.
If it achieves market leadership, early investors stand to benefit greatly, with a potential for 10x gains or more.
The post Is It Too Late to Buy Ondo? ONDO Price Turns Green as Attention Shifts to New AI Meme Coin – $2.5 Million Raised appeared first on Cryptonews.
