With the recent crash I am looking for a new altcoin to get into that will give me good returns over the next 6-12 months and have been looking at Ondo.
I like that it is a RWA (real world asset) and it is only $1b market cap but I noticed it only has 13% of its supply currently circulating which is not good. I usually invest in altcoins that have at least 50% circulating.
Is anyone else invested in Ondo? What do you think it can reach this bull run?
For those not invested , does it look like it has potential or not?
I think you shall be concerned about the schedule of the next ONDO token unlock.
The picture above said: if ONDO's big token unlocks scheduling, it is safe to trade it. That should happen by year's end. Though, it's quite overvalued, but im fine as long as we will not have VCs to dump their tokens to the market.
ONDO does have potential, but it must also back to what's the bitcoin trend and token unlock schedule. Token unlock is the main problem that may be making the price get stuck.
I expect ONDO to reach new ATH during the next bullrun, but this is not a suggestion to buy ONDO.