- OUSG Proposal and Cooperation with Blackrock and Securitize
- Impact of Falling Interest Rates on Ondo Finance
- Technical Analysis and Ondo Token Prospects
Ondo Finance’s token continues its recovery, reaching a high of $0.7500 following a proposal to Sky and collaboration with Blackrock and Securitize.
OUSG Proposal and Cooperation with Blackrock and Securitize
Developers of Ondo Finance stated that they collaborated with Blackrock and Securitize to add the OUSG proposal to the Spark Tokenization Grand Prix, aiming to onboard $1 billion in tokenized assets. OUSG is a tokenized product with over $227 million in assets, offering monthly rewards to its holders.
Impact of Falling Interest Rates on Ondo Finance
The reduction in interest rates by the Federal Reserve has raised concerns that Ondo Finance might lose assets as investors move away from government bonds. However, Ondo Finance’s CEO, Nathan Allman, noted on his X account that yield tokens like Ondo could benefit from falling rates as investors shift towards riskier assets like cryptocurrency.
Technical Analysis and Ondo Token Prospects
The Ondo token has recovered from a low of $0.54, crossing the 50-day moving average and the 61.8% Fibonacci retracement point. The Relative Strength Index and the MACD indicators are also rising, signaling growing momentum for the token. Spot market volume is increasing, and futures open interest has reached $107 million.
The recovery of Ondo Finance’s token is linked to new proposals and collaboration with major companies like Blackrock and Securitize. While falling interest rates may raise some concerns, the company’s CEO is confident in positive prospects.
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