- ONDO is gaining increased traction among crypto users.
- Donald Trump Jr. appeared at the latest Ondo Summit.
- Trump Jr. considers crypto the future of America’s dominance.
Ondo Finance (ONDO), a blockchain-based financial innovation, is gaining increased traction among crypto users. Notable developments surrounding ONDO, including positive comments by President Donald Trump’s pro-crypto son, have generated a positive vibe toward its potential mainstream adoption.
Trump Jr. appeared at the latest Ondo summit on Thursday and talked about the project’s potential role in shaping America’s crypto future. The noted crypto advocate reiterated his belief that crypto will be the engine of American dominance. “I think it’s perhaps the future of American hegemony,” he said, “… in our economic status and might.”
Related: Trump Family Crypto Project Acquires $112.8M in Bitcoin, Ethereum After Inauguration
Notably, the Trump family project World Liberty Financial (WLF) is a firm Ondo Finance supporter that has repeatedly added volumes of the novel crypto to its portfolio. Chase Herro, co-founder of WLF, announced that the project will soon launch a “strategic reserve” of crypto assets. Meanwhile, WLF purchased ONDO tokens worth $470,000 shortly after the project announced plans to launch Ondo Chain, a layer-1 blockchain designed for tokenized assets.
ONDO is one cryptocurrency that has gained significant traction in the past year. Its growth stems from its increasing adoption as a promising solution for real-world asset tokenization and its integration into mainstream finance. President Trump’s crypto industry appreciation and his family project’s inclination toward ONDO boosted the crypto’s adoption potential.
TradingView’s data show that ONDO’s gained about 600% value YTD, despite a notable price retracement in the past two months. At the peak of the recent bull run, ONDO’s profit was 970% from February 2024, and analysts believe the project has a significant reserve of bullish momentum.
Related: Ondo Finance Targets Institutional Investors with New Chain
At the time of writing, ONDO was trading at $1.365, having bounced back from last Monday’s crypto market crash. The cryptocurrency currently trades within a tight sideways range, and analysts believe an upside breakout could trigger the next phase of ONDO’s rally, which could lead to a return above the $2 landmark.
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Source: https://coinedition.com/trump-jr-endorses-ondo-finance-as-crypto-adoption-rises/