Ondo gains 8% as IMF flags tokenized stock risks – A return to $0.60 depends on…
Photo: AMBCrypto
Before the latest market sell-off, Ondo Finance [ONDO] had been on a downward trajectory, falling from $0.60 to $0.43. Since then, bulls have pushed for a reversal. The altcoin recorded higher daily closes for five consecutive days, breaking above the $0.50 resistance. At press time, ONDO traded around $0.52 after gaining 8% over 24 hours. Trading Volume rose 58%, pointing to renewed market activity. The rebound brought $0.60 back into focus, while Ondo’s growing tokenized-stock business offered another talking point. What did the IMF say about Ondo?
Source: AMBCrypto
