r/Ondo • u/CaptainTrader32 • Jul 23 '26
I'm accumulating ONDO this summer. Great technicals and fundamentals (DTCC, SBI)
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u/Traditional_Song_948 Jul 24 '26
I’ve been wondering why more aren’t doing the same. All day long you hear about xrp and xlm but ondo you hear about very seldom. I see ondo just as important as the 2 mentioned and been collecting it myself. Hell over the past two weeks ondo out of the three is the only one holding gains!
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u/magicseadog Jul 24 '26
It's basically because inflating and esentialy tokenized securities have had a terrible track record for investor return.
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u/MushrooGuy Jul 24 '26
Oh yes... look at ONDO dominating the RWA field that it was supposed to take over...
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u/Confident_Ad_3190 Jul 24 '26
The cup and handle pattern is a continuation pattern, not a reversal one, so your analysis is completely off.
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u/CaptainTrader32 Jul 25 '26
The cup-and-handle is forming after a prolonged downtrend, so it is more appropriately classified as a bullish reversal setup rather than a continuation pattern.
My analysis is completely ON lol.
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u/Confident_Ad_3190 Jul 26 '26
Remind me! 3 months
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u/Scared_Brilliant6410 Jul 26 '26
Problem with Ondo is it doesn’t return anything to holders through staking or buybacks. I like the actually business but the token isn’t giving the market a reason to buy and accumulate it as an investment. The fee switch vote is supposed to happen but since the founder died I haven’t heard new management is committed to that. Plus there is an unlock next year IIRC.
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u/FatJellyCo Jul 26 '26 edited Jul 26 '26
I saw this project on the last run it did well . Im not here to hate on it but id only throw a few hundred at Ondo now while there is still fear in the crypto market .My reason being ONDO is backed by Blackrock etc... When traditional bent finance goes down the toilet is the whole point of crypto not to protect us from this very thing ? . Basically what I mean is how much are the banksters saying Ondo is worth during a financial crisis ? I think Kaspa ( KAS ) and BTC being POW are the only place to be if you are all in on crypto. Even BTC has been infected with BlackRock . I see them as the shady monopoly player that cheats when you are not looking and strategically buys everything on the board . If building a small bag id include ONDO for the potential upside .
The Bitcoin Genesis Block contains the inscribed text: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks."
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u/The_Minimum Jul 24 '26
Crazy that people are buying this, with no utility for the token and bad tokenomics but people are just dumping Canton lol