- ONDO battles $0.87 support amid 12% weekly drop; DeFi loans and $1B TVL may fuel rebound.
- VET consolidates at $0.025; supply chain partnerships and dual-token model hint at breakout potential.
- ALGO’s Pure Proof-of-Stake targets RWA tokenization but struggles below $0.21 despite low fees.
Ondo Finance (ONDO), VeChain (VET), and Algorand (ALGO) operate in distinct areas of blockchain technology but share a common goal: connecting digital systems to real-world use cases. ONDO provides loans backed by assets that generate returns, targeting decentralized finance users.
VET specializes in tracking goods and data for businesses, with applications in supply chains and sustainability. ALGO supports the creation of digital versions of physical assets, aiming to simplify ownership transfers.
All three projects have faced recent price declines, underperforming compared to larger cryptocurrencies like Bitcoin or Ethereum. ONDO trades near $0.87, VET hovers around $0.025, and ALGO struggles below $0.21.
Despite these challenges, their underlying technologies—fixed-income lending, enterprise tracking tools, and asset digitization—reflect broader efforts to integrate blockchain into industries beyond trading.
Ondo Finance (ONDO) is currently trading at $0.8748, showing a 3.44% decline over the past 24 hours and a 12.90% drop over the past 7 days, which underperforms both the general crypto market and Ethereum-based assets.
The token’s market cap is $2.76 billion, ranking it 45th globally. ONDO has a fully diluted valuation (FDV) of $8.74 billion, with a total max supply of 10 billion tokens, of which about 3.2 billion are in circulation. Despite the current price weakness, ONDO has rallied 962% from its all-time low, although it still trades 59% below its peak of $2.14.
Fundamentally, ONDO is a unique DeFi protocol specializing in risk-isolated, fixed-yield loans backed by yield-generating assets. It’s built on Ethereum and allows permissionless, peer-to-pool interaction, meaning users can access DeFi credit markets without intermediaries. The protocol also boasts $1.05 billion in total value locked (TVL).
However, recent reduced volume (13% daily drop) signals waning short-term momentum, potentially from market-wide correction pressure or profit-taking. The technical picture will need to stabilize above $0.87 with rising volume for bullish continuation.
Price prediction: Based on current technical indicators and recent trends, I forecast ONDO could rebound toward $0.95–$1.02 in the short term if it holds the $0.87 support. Failure to do so could send it down to $0.82.
VeChain (VET) is trading at $0.02585, showing a 4.1% increase in the last 24 hours. However, the coin has experienced a 6.7% decrease over the past week, reflecting short-term bearish pressure.
VeChain’s market cap stands at approximately $2.22 billion, ranking it #55 among cryptocurrencies. The 24-hour trading volume is about $28.55 million, indicating moderate trading activity.
Technical Outlook: VET has been oscillating within the $0.025 to $0.027 range over the past few days, failing to break significant resistance levels. The current consolidation could be a prelude to a stronger move, but bears still appear in control.
If the price breaks below $0.025, we could see a drop toward $0.023. Conversely, a breakout above $0.027 would open the door to a possible rally toward $0.03 in the near term.
VeChain remains one of the leading enterprise-focused blockchains, targeting real-world applications such as supply chain, carbon tracking, and IoT integrations. The dual-token economy with VET and VTHO allows for decoupling network usage from market speculation. Strong partnerships with firms like PwC, DNV, and Walmart China add weight to its utility.
If VeChain maintains its current momentum and breaks resistance, I predict a short-term price target of $0.0297 by mid-May 2025.
Algorand (ALGO) is trading at $0.2063, showing a 2.5% gain in the past 24 hours, though it’s down 10.3% over the past 7 days. Its market cap is $1.77 billion with a daily trading volume of $44 million. The circulating supply sits at around 8.6 billion ALGO, with a max supply of 10 billion. ALGO remains well below its all-time high of $3.56, reflecting a significant 94% drop from that peak.
From a technical standpoint, ALGO is showing signs of potential short-term accumulation, but it is still underperforming compared to the broader crypto market. Given its innovative use of Pure Proof-of-Stake (PPoS), Algorand continues to appeal to developers building decentralized apps and financial products.
However, despite strong fundamentals and utility in the RWA (real-world asset) and tokenization space, price action suggests weak investor momentum. This could be influenced by the recent news that FIFA is migrating its NFT platform away from Algorand, which might have weighed on market sentiment.
Looking ahead, a rebound above the $0.22 resistance would be crucial for a bullish trend reversal. But until ALGO breaks this level with strong volume, it remains in a consolidation phase.
Price prediction for short-term (7–10 days): $0.212
The post ONDO’s 962% Bounce Potential vs. VET’s Walmart Links vs. ALGO’s FIFA Fallout: Time to Buy? appeared first on ETHNews.
