The tokenized-stock market has grown to $3.9 billion, with Ondo Finance holding the largest share at $992.3 million. Together with xStocks and Binance bStocks, these three issuers make up about 74% of the market. Tokenized stocks are blockchain-based products that track stock prices but do not directly reflect trading volume or revenue. Analyst Giannis Andreou outlined a technical scenario for the ONDO token, identifying support between $0.44 and $0.46 and resistance zones at $0.49-$0.51 and $0.60-$0.615, with a possible rise toward $0.70 if the higher resistance is breached. The analysis is conditional and not a guaranteed outcome.
- The tokenized-stock market has reached $3.9 billion, with Ondo Finance leading at $992.3 million, and together with xStocks and Binance bStocks, they represent 74% of the market.
- Technical analysis for the ONDO token indicates support levels between $0.44-$0.46 and resistance zones at $0.49-$0.51 and $0.60-$0.615, with potential to reach $0.70.
- Recent activity includes a large transfer of ONDO tokens to OKX and Ondo Finance's launch of private markets, alongside analysis suggesting tokenization's potential to boost on-chain trading and lending.
Topics: Asset types, Institutional adoption, Scalability, Equity, Asset manager initiatives, Growth metrics
Tags: #tokenizedstocks #ondofinance #ondotoken #marketcap #technicalanalysis #supportandresistance #blockchainbased #tokenization
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