#ONDO Crypto Soars to New All-Time High, But Just How High Can the Price Go?

ONDO, a token focused on the tokenization of real-world assets, has surged 12% in the last 24 hours, reaching an all-time high of $1.43. This achievement has ignited speculation and optimism among investors and analysts alike, with some boldly predicting that ONDO could potentially reach a $20 by the end of 2024.

Driving the Upward Momentum

According to crypto enthusiast Pergo A, ONDO’s “phenomenal potential” has not yet been fully recognized by the market. Pergo A believes that ONDO’s market capitalization could effortlessly surpass $50 billion, driven by upcoming announcements and the development of the Real-World Asset (RWA) sector. A valuation of $50 billion is expected to put the price at around $35.

Additionally, the involvement of major players like BlackRock is expected to propel this burgeoning industry to unprecedented heights, with projections of a $16 trillion valuation.

While some traders may regret not capitalizing on earlier buying opportunities, others remain steadfast in their belief in ONDO’s potential. OxShalom, a crypto analyst, highlighted the token’s backing by financial giants like BlackRock as a key factor fueling its recent surge. With ONDO positioned as a trailblazer in the tokenization of real-world assets, many investors are holding onto their positions, anticipating further gains.