As the Ondo Finance (ONDO) price surges to new record highs above $1.10, 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 on Thursday and are 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
The price moment looks set to stay strong in the wake of the convincing break above the key resistance around $1.
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.
According to the project’s website, the token yields 4.96% and has a locked trade value of nearly $200 million.
Ondo Finance’s overall TVL doubled since the start of the year and recently hit a record high above $450 million, as per DeFi Llama.
As per CoinMarketCap, ONDO is up nearly 600% year to date, which shouldn’t come as a big surprise.
Many investors will fret about not buying soon and ask if it is too late to buy ONDO.
ONDO’s price growth will only continue as Ethereum grows after the approval of the ETF.
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 is rags to riches stories.
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.
🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖 pic.twitter.com/DcnEkAZFbQ
— WienerAI (@WienerDogAI) May 21, 2024
Investors are already clamoring to secure tokens in the new AI meme coin’s presale, which has raised over $2.7 million.
WAI’s AI tools differentiate it as a potential winner in a market dominated by coins that lack utility.
AI is a big market focus right now, after all, in the 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.
Buy Wiener AI Here
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
Read the full article here
