The price of ONDO has been bearish for the past four weeks, with a decline of close to 50%. Despite this, veteran trader Sarosh on X, who claims to have 25 years of trading and charting experience, presented a case for why ONDO’s price could reach $40 by January 2026, even amid current market uncertainties.
Despite the current market downturn and low trading volumes during the recent altcoin selloff, Sarosh has actually revised his price target upward. “I don’t think I was bullish enough on $Ondo in terms of price,” he stated, acknowledging that such optimism might seem unrealistic in the current gloomy market conditions.
His previous estimates of $15-20 have been significantly upgraded, particularly in light of the upcoming Ondo Global Finance launch scheduled for February 8, 2025.
What you'll learn 👉
Global Financial Market Integration for ONDO
The foundation of Sarosh’s analysis rests on the massive opportunity within the global financial market, currently valued at $250 trillion. As this market increasingly embraces tokenization across stocks, bonds, and real-world assets (RWAs), Sarosh suggests that even a modest 0.1% market capture by ONDO ($250 billion) could drive substantial price appreciation.
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A key catalyst in Sarosh’s analysis is the imminent launch of Ondo Global Markets (GM). This platform will enable users to trade tokenized US equities within the Ondo ecosystem, representing a significant bridge between traditional equity markets and decentralized finance (DeFi). The launch, scheduled for early February 2025, could mark a pivotal moment for the protocol.
Leadership in Real-World Assets and Institutional Integration
Sarosh emphasizes ONDO’s established position as a leader in tokenized RWAs, particularly in Treasuries and bonds. With projections indicating the RWA market could reach $16 trillion by 2030, he positions ONDO as the dominant player in this rapidly growing sector.
The analysis highlights the growing institutional demand for blockchain-based yield-generating solutions. Sarosh points to potential integrations with major financial institutions like Goldman Sachs and JPMorgan, suggesting these partnerships could significantly boost trading volumes and token demand.
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Macro-Economic Factors That Could Affect ONDO Price
Sarosh’s macro-economic analysis focuses on rising global M2 money supply and potential Federal Reserve policy shifts. He notes that the banking system’s current liquidity challenges and the Fed’s balance sheet additions could create favorable conditions for innovative blockchain-based financial products like ONDO.
The veteran analyst praises ONDO’s strategy of bridging DeFi and traditional finance (TradFi), creating what he calls “network effects” that could increase demand for the token. This dual integration approach, combined with the protocol’s tokenomics and deflationary mechanisms, forms a crucial part of his bullish thesis.
ONDO Technical Analysis and Future Outlook
While acknowledging recent price weakness, Sarosh maintains a positive technical outlook. He notes that while ONDO is currently trapped in a descending channel near support levels, the upcoming Ondo GM launch could serve as a significant catalyst for price appreciation.
In his concluding remarks, Sarosh reaffirms his confidence in ONDO’s potential to reach $40, citing the combination of institutional demand, macro liquidity conditions, and expanding utility across both DeFi and TradFi sectors. “This is only the beginning,” he emphasizes, suggesting that ONDO’s capture of even a small percentage of the global financial market could drive unprecedented growth in the protocol’s value.
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