The cryptocurrency industry has witnessed the arrival of an array of new assets over the years. ONDO fairly new to the market has been making headlines. The market movement of the asset indicates that a traditional accumulation period is in progress. But, early worries about the effects of recent unlocking have been surfacing. Moving on to the price the asset recorded a staggering 452% rise throughout the past 12 months. Can the asset continue this momentum and reach a high of $5 this month?
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ONDO’s Plummet From Its All-Time High
The prominent cryptocurrency managed to reach an all-time high of $2.14. ONDO surged to this level back in December of 2024. The asset is currently 41% below this peak. During the time of writing, the asset was trading at $1.26 with a nearly 4% downtrend throughout the past 24 hours.
Despite its latest drop in price, the ONDO community seemed to be quite optimistic about a potential uptick. According to CoinMarketCap’s community sentiment data, about 88% of the market is bullish about ONDO’s rise in the near future. Meanwhile, about 12% of them were not confident about the asset’s ascent.
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January Price Prediction
2025 is expected to be a promising year for the altcoin. The asset is set to record notable gains through most months of the year. According to data from CoinCodex, ONDO is expected to trade at a maximum price of $4.36 during the month of January. This marks a nearly 243% uptick from its current price level. In addition, the average trading price of the asset for this month remains at $2.59.
While the asset is quite far from the $5 milestone, reaching it this month seems impossible. ONDO could attain this high during the next couple of months.
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