In the last few years the crypto industry has been flooded with new products. ONDO, a relatively new asset on the market, has made headlines. This asset’s market activity indicates that the traditional accumulation phase is underway. However, there are early concerns regarding the recent unlocking. The asset’s price has risen by 452% in the last 12 months. The asset’s momentum is strong. Can it continue to grow and achieve a $5 high this month?
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ONDO’s Drops From All-Times High
On December 2024, ONDO reached its all-time highest level of $2.14. ONDO rose to this height in December 2024. The asset has fallen 41% from its peak. At the time this was written, the asset had a price of $1.26 and a downtrend of nearly 4% over the previous 24 hours.
The ONDO community was optimistic despite its recent price drop. CoinMarketCap community sentiment data shows that 88% of market participants are bullish on the rise of ONDO in the future. About 12% did not have confidence in the ascent of this asset.
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Prices for January
The year 2025 will be promising for altcoins. This asset will record gains in most of the months. CoinCodex predicts that ONDO could trade for a maximum of $4.36 in January. It is a 243% increase from the price it currently trades at. Moreover, the average monthly trading price remains $2.59.
It is difficult to imagine that the ONDO asset will reach $5 this month. ONDO may reach this level in the next few months.
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Source: watcher.guru
