Friends, today we'll discuss two fascinating coins that have increased by about 50% in the last day alone. We'll examine two currencies I've been raving about on my website for a while: HBAR and Ondo. The value of one of these coins, HBAR, has already tripled since I wrote an article on it just two weeks ago.
I therefore urge you to read this post through to the finish. I'll describe the specifics of what transpired, the reasons behind the significant increase in value of these coins, the price levels I anticipate seeing in the near future, and—above all—one additional coin that may yield even greater profits.
Well, before we move on to the first project, I'd like to say that this is by no means financial advice. Everything you're about to see is just my thoughts and considerations, so always do your own research and invest wisely.
Table of Contents
Ondo Finance
First, I'll quickly remind you of the main advantages of this token, and then we'll finally get to the latest news review.
Ondo Finance is revolutionizing the world of real-world assets by creating a bridge between traditional finance and the crypto world. The idea is simple but extremely powerful. Tokenize stable, profitable assets from the traditional financial world and bring them onto the blockchain.
This means you get all the advantages of traditional investments with the efficiency and accessibility that only blockchain can provide. Ondo has two main directions, asset management and technology. Asset management is responsible for creating and managing tokenized financial products that combine the characteristics of traditional instruments with the advantages of blockchain.
Also Read: Potential Impact of DevCon on Ethereum Ecosystem and ETH Price
What really sets Ondo apart from others is its approach to protocols
They create autonomous protocols that, once launched, can operate independently of Ondo. This underscores their commitment to decentralization and the autonomy of financial ecosystems.
And as a bonus, partnerships with giants such as BlackRock, Citi, and JP Morgan only add trust and security. And here, it's absolutely appropriate to move on to reviewing the possible reasons for such significant growth over the past day. First, it should be clarified that institutional interest in this narrative has grown significantly.
Major players want to enter a new and promising market first. This is perfectly illustrated by BlackRock's actions and the comments of their CEO. Just take a look at this short excerpt from Larry Fink's opinion.
But that's not all. Another catalyst for significant growth was the attention from 21 shares. In their Twitter post, they made an interesting statement about four coins.
They announced the launch of an ETP for four coins, including Ondo. For those who don't know what an ETP is and why this is quite bullish news, I'll explain now. Essentially, an ETP is an investment fund traded on stock exchanges.
This only emphasizes the high level of institutional investor interest in cryptocurrency and Ondo in particular. In general, speaking about the further potential of this project, I believe we can easily see at least $5 per coin as Ondo Finance is connected with top-tier funds and is indeed building an excellent product. By the way, a great confirmation of these words could be the project's TVL, which is holding up quite well despite all market conditions.
However, don't forget about the risks, as they exist here as well. Unfortunately, not all of the project's token supply is in circulation. What do you think about this coin? Do you hold it in your portfolio?
HBAR is HUGE
Dear friends, next I want to talk about HBAR, which has shown incredible growth over the past week. It's worth mentioning that Hedera is one of the leaders in partnerships with major Web 2.0 companies and corporations. If you look at their list. LG, Samsung, Google, and other massive banks and enterprises.
These are companies with multi-billion-dollar market caps, and they're choosing HBAR. But why? Let me share my perspective on the bullish factors surrounding Hedera, starting with partnerships. Of course, such an impressive list inspires trust.
Moreover, Hedera is one of the oldest and most successful projects in the field of tokenization. This trend will only continue to grow, especially with the arrival of Bitcoin ETFs and the steady influx of new liquidity from Wall Street. The number of corporations wanting to tokenize assets will only increase.
In addition to working with major companies, Hedera is also collaborating with entire governments. A great example is their work with the U.S. government. For me personally, this was very exciting and bullish news.
Representatives from the White House needed open-source software consultation, and they turned to Hedera for this expertise. And this is just a small part of the story with Hedera. By the way, if you're interested, I recently made a post about it, which I highly recommend reading.
Those who read the post easily earned over 3.5 times, which is an excellent result in such a short time. But let's discuss what's currently driving such significant growth. There are actually several reasons, to be honest.
First, there are numerous rumors about Hedera potentially working more closely with the U.S. government in the future. They've already collaborated on security issues and might still be doing so. However, the next step might be even bigger and more interesting.
Right now, discussions are circulating about the possibility of Hedera being involved in the next presidential elections. Yes, you heard that right. Rumors suggest that for the upcoming elections, Trump and a representative from the Department of Government Efficiency are considering using a blockchain solution.
According to some sources close to the process, this blockchain might very well be Hedera. But that's not all. There's also a lot of speculation about who might become the next head of the SEC.
One of the candidates being discussed is Brian Brooks. Just to give you an idea of who he is, Brian is a former Binance.US CEO, meaning he not only deeply understands cryptocurrency but also U.S. financial regulations. These are essential qualities for this role.
On top of that, Brian is a member of Hedera's board of directors, which could further tie the U.S. government to this project. All of this creates tremendous interest in the project and the token itself. That's why I expect even more growth, with HBAR reaching $1 to $1.5 per token.
Also Read: Hedera HBAR Holders Are About to Get Rich
Small RWA coin
Now, let's move on to a smaller coin that might show significant growth.
Parcl
Parcl is a project that is revolutionizing the real estate industry by utilizing the Solana blockchain. Its main idea is to make real estate investments accessible to everyone through tokenization.
This allows users to own fractional shares of property instead of purchasing an entire asset, significantly lowering the barriers to entry for investments. The key element of Parcl is its PRCL token, which provides a range of opportunities, governance, staking, and transaction payments within the ecosystem. Investors can earn rewards through staking, participate in voting, and improve the platform's functionality.
Tokenization enables users to buy, sell, or trade property shares, allowing for investment diversification across global markets even with minimal capital. Parcl leverages the advantages of the Solana blockchain, such as low fees and high transaction speed, making the platform more efficient and transparent compared to traditional services.
The platform also has ambitious plans to expand its ecosystem by adding new assets from various regions and improving the user experience for both beginners and experienced investors.
At the time of writing this post, Parcl's market cap is $68 million. By the way, I started writing post about this coin when its market cap was just $25 million, meaning it has already achieved more than a two-times gain at its current valuation.
Given the project's potential, I believe the token could reach a market cap of $3 billion by 2025. This would mean a 50x growth. However, remember that such high potential comes with significant risks.
Only 15% of the supply is currently in circulation. What do you think? Could Parcl become the new leader in the world of tokenized real estate? Remember, these are just my thoughts on the market, not financial advice. Always do your own research before investing.