Ondo Finance Secures Major Mastercard Agreement – What Lies Ahead for ONDO Valuation?

24

Ondo has experienced a decline of 10% in the last 24 hours, dropping to $0.907 as the overall cryptocurrency market faces an 8.5% downturn at this time.

This decrease results in a 26% loss for ONDO over the week and a 35% drop over the month, although the token still boasts a significant 110% increase over the past year.

While it has decreased alongside the market today, this selloff follows Ondo Finance’s agreement with Mastercard to join the latter’s Multi-Token Network as a provider of tokenized real-world assets.

Coupled with the launch of Ondo Chain earlier in February, this development highlights Ondo’s potential to emerge as one of the significant growth altcoins of 2025.

Ondo Finance Secures Major Mastercard Agreement – What’s Next for ONDO Price?

In an announcement via X, Ondo Finance disclosed that it will be introducing its Short Term US Treasuries Fund (OUSG) to Mastercard’s MTN, making OUSG the first real-world asset on the payment giant’s network.

1/ @Mastercard is incorporating Ondo Finance into the Multi Token Network (MTN) as the first RWA provider on the network.
The MTN enables banks to offer digital financial services to integrated businesses, and Ondo’s Short Term US Treasuries Fund (OUSG) will be the first tokenized… pic.twitter.com/LP7iuRo7A3

— Ondo Finance (@OndoFinance) February 26, 2025

Despite market selloffs, this news arrives at an exciting moment for the cryptocurrency sector, with Donald Trump’s return to the White House seemingly marking the beginning of a phase of mainstream adoption and growth.

Furthermore, Ondo’s partnership with Mastercard positions it at the forefront of any potential cryptocurrency adoption by traditional financial institutions.

It laid the groundwork for such agreements earlier in February when it launched Ondo Chain, specifically designed to support tokenized real-world assets.

3/ Key Features of Ondo Chain:
Ondo Chain is built from the ground up to address these challenges and enable true institutional-scale RWAs. It merges the best aspects of public and permissioned blockchains to provide the infrastructure for institutions, and the financial…

— Ondo Finance (@OndoFinance) February 6, 2025

This is why the overall and long-term outlook for ONDO remains quite optimistic, even though its chart today does not appear particularly strong.

The critical aspect to monitor is its 30-day average (orange), which is set to fall below the 200-day (blue today), creating a death cross.

This typically indicates a selloff, suggesting that further declines may be on the horizon for a few more days, if not longer.

Ondo Finance Secures Major Mastercard Agreement – What Lies Ahead for ONDO Valuation?0Source: TradingView

However, once the 30-day average reaches its lowest point, ONDO could be poised for a rebound, with its RSI (red) also indicating that a recovery may not be too far off.

The precise timeline will depend on the broader market, which is itself looking towards the stock market and the global economy.

Stocks reacted negatively to US President Donald Trump’s confirmation that planned tariffs against Canada and Mexico would indeed proceed, a situation that could trigger a trade war and exacerbate inflation.

Consequently, we may not witness a sustained recovery for ONDO until this situation stabilizes, which could take several weeks.

The Ondo price might, therefore, return to $1.5 in Q2 and reach $3 in Q4.

Newer Alts Show More Resilience to Bear Markets

The upcoming weeks may present a challenging period for major tokens, but newer altcoins might defy the trend and achieve some market-beating gains.

This is particularly true for some of the larger presale tokens, which, by generating significant momentum, often enjoy substantial listings.

One presale token currently gaining traction is Solaxy (SOLX), a layer-two network for Solana that has raised $23.8 million in its ongoing ICO.

Solaxy is noteworthy as it plans to launch Solana’s first fully-fledged layer-two network, with the launch currently scheduled for Q2.

It will offer Solana users reduced transaction fees and faster speeds, while also facilitating instant bridging between itself and Solana.

Additionally, it will help users avoid the delays and congestion that can still affect Solana, even after recent upgrades.

As its native token, SOLX will be essential for paying fees, and holders will also have the opportunity to stake the token, making it potentially very rewarding to hold.

Also promising is the fact that Solaxy now has over 70,000 followers on its X account, indicating its growing popularity.

Its presale will conclude soon, but you can still participate on the official Solaxy website.

The current SOLX price is $0.001648, but it will continue to rise every few days until the sale ends.

The post Ondo Finance Secures Major Mastercard Agreement – What’s Next for ONDO Price? appeared first on Cryptonews.