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Santiment Highlights the Most Trending Altcoin of the Moment and Explains Why

Cryptocurrency Crypto

Santiment, a crypto analytics firm, has shared the token that it claims to be the most trending altcoin of the recent period.

According to analysts, Ondo (ONDO) is the most trending altcoin in the crypto world with its 75% increase over the past 11 days. Analysts say that ONDO’s performance is hard to miss.

Santiment attributes this price increase and trend rise to the fact that the number of ONDO wallets holding assets increased from 5,110 on February 26 to 33,225 today. This means that the number of wallets has increased by 550%. In the same period, the price of the altcoin has also increased by approximately 200%.

ONDO, an altcoin themed on real-world assets (RWA), claims to bring US bonds to the crypto world.

However, the altcoin is not listed on Binance at the time of writing. However, Coinbase has interestingly made a move ahead of Binance this time and listed ONDO. Other major crypto exchanges listing ONDO include Bybit, Kraken and Kucoin.

Here are some of the reasons why ONDO is trending:

Significant price increase: ONDO has experienced a 75% increase in price over the past 11 days. This makes it one of the best-performing altcoins of that period.

Increasing wallet count: The number of ONDO wallets has increased by 550% in the past few weeks. This suggests that there is growing interest in the project.

Listing on major exchanges: ONDO has been listed on several major crypto exchanges, including Coinbase, Bybit, Kraken and Kucoin. This makes it more accessible to a wider range of investors.

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Real-world asset backing: ONDO is backed by real-world assets, which could make it more attractive to investors who are looking for stablecoins.

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