The price of ONDO token from Ondo Finance is under pressure from bearish sentiment, but recent strategic decisions by the company may contribute to its future success.
Current Situation with ONDO
The price of ONDO tried to break above a key level but couldn't maintain momentum, leading to bearish market conditions. If this structure continues, the price may drop another 20% as the token has been moving within a descending channel since mid-May.
Future of ONDO and Major Announcements
Ondo Finance announced the acquisition of Oasis Pro, a regulated financial platform in the US. This includes an SEC-registered broker-dealer, an alternative trading system, and a transfer agent. This move is significant for establishing a regulated ecosystem for tokenized securities. Oasis Pro was also among the first platforms in the US to facilitate the settlement of digital securities in both regular dollars and stablecoins.
Long-Term Prospects for ONDO
Despite current bearish sentiment, Ondo's initiative to launch the $250 million Catalyst program aimed at accelerating the tokenization of real-world assets opens avenues for project growth. The program is backed by Pantera Capital, highlighting Ondo's serious intentions to attract traditional investors.
Despite short-term volatility, ONDO has promising prospects for the future due to strategic steps and updates that could attract investment.
