Ondo Finance Falls Behind ETFSwap (ETFS), Celestia (TIA) And Polkadot (DOT) Suffer Losses

Market dynamics have led to some notable developments in the crypto space lately. One is how Ondo Finance (ONDO) has fallen behind ETSwap (ETFS) in the battle among Real World Assets (RWA) crypto projects. This has already proven pivotal, seeing how ETFSwap’s native token ETFS has outperformed Ondo’s ONDO token. 

Meanwhile, two crypto tokens, Celestia (TIA) and Polkadot (DOT), which crypto expert Michaël van de Poppe listed as undervalued, have been on a downtrend for some time now. This has raised concerns among their holders that they might never recover to their previous highs. 

Ondo Finance (ONDO) Bows To The New King In Town

Before now, Ondo Finance (ONDO) was the go-to RWA crypto project for Web3 natives. However, that is changing as ETFSwap (ETFS) has risen to prominence and captured the hearts of those in the crypto and traditional finance (TradFi) space. These users say they prefer ETFSwap’s (ETFS) offering to Ondo Finance’s (ONDO). 

ETFSwap (ETFS) enables tokenization and trading of exchange-traded funds (ETFs), while Ondo Finance (ONDO) focuses on bringing treasury bills on-chain. ETFSwap’s offering seems more preferred because Web3 natives can relate better to ETFs (due to the Spot Bitcoin ETFs) than treasury bills. These users also say that treasury bills embody principles of centralization since they are directly linked to the government

ETFSwap’s (ETFS) dominance over Ondo Finance (ONDO) has been reflected in how its native token, ETFS, has outperformed Ondo Finance’s ONDO token. For context, ETFSwap’s (ETFS) value has skyrocketed in the last seven days, while data from CoinMarketCap shows that ONDO, which is currently trading at around $0.72, is down over 15% during the same period. 

Celestia (TIA) And Polkadot (DOT) Are Down Bad

Celestia (TIA) is currently trading at around $9.36, down over 15% in the last seven days. The crypto token’s decline is undoubtedly concerning, considering it boasted so much potential upon launch. Moreover, TIA is the native token of Celestia, a blockchain network that adopts a modular approach to solve scalability issues plaguing traditional blockchain networks. 

Crypto experts like Van de Poppe also sounded so bullish on Celestia (TIA), which reassured token holders that the crypto token could make a run in this bull run. Meanwhile, crypto expert Ash Crypto predicted that Celestia (TIA) could rise to as high as $150 in the next 12 months. However, that is beginning to look impossible with its current price action. 

Like Celestia (TIA), Polkadot (DOT) has also suffered significant price declines lately. The crypto token is currently trading at around $6.48, down over 8% in the last seven days. Polkadot (DOT) is also down over 20% since the start of the year. Van de Poppe also listed Polkadot (DOT) as another undervalued altcoin that could make crypto investors significant returns in this bull run.

However, Polkadot (DOT) and Celestia (TIA) have been on the back foot since the start of the year, which makes one wonder when these investors might (if ever) see tangible returns on their investments. Some of these investors have already lost hope and have decided to move their capital to a more promising project. 

Screenshot 2024 05 03 223300

ETFSwap (ETFS) Is The Promising Project

ETFSwap (ETFS) is a promising project in which Ondo Finance (ONDO), Celestia (TIA), and Polkadot (DOT) investors have chosen to invest their funds. These investors are believed to have accounted for the more than 40 million ETFSwap (ETFS) tokens sold in stage 1 of its ongoing presale in the last seven days. 

Interestingly, Celestia (TIA) and Polkadot (DOT) holders aren’t the only ones who have recently rotated their funds to ETFSwap (ETFS). Some Ondo Finance (ONDO) holders have also positioned themselves accordingly in anticipation of ETFSwap (ETFS) becoming the largest RWA crypto token by market cap. 

ETFSwap (ETFS) is projected to claim that position as it rises to $5, as predicted by several crypto experts. Unlike the other crypto tokens, ETFSwap (ETFS) has actually lived up to the hype, seeing how its value has increased even in this market downtrend. 

With ETFSwap currently costing $0.0085 in the ongoing stage 1 of the token presale, a rise to $5 could give investors a 581x return on their investments. This isn’t something anyone should miss out on, and that is why it is best to invest now.

For more information about the ETFS Presale:

Join The ETFSwap Community

Disclaimer: This is a paid post and should not be treated as news/advice.  

Next: Bitcoin’s long-term projections – Why you should look out for this key indicator!

Source link

About The Author

Scroll to Top