Ondo Finance has introduced Ondo Global Markets to broaden its array of tokenized asset offerings, aligning with its strategy to expand across various blockchains, including Solana, Sui, and Aptos. Community members have responded favorably to this development, reflected in the positive movement of its native token, ONDO.

The native token of the DeFi protocol aims to democratize access to institutional-grade financial products. Initially marking a 25.84% uptick, ONDO has surged by 40.90% in the last 24 hours, currently trading at $0.5757. Over the past 30 days, it has seen a significant rise of 72.265%.

Recently hitting a low of $0.40, ONDO is expected to establish a resistance level at $0.5, with a sustained position potentially leading to a further surge, possibly reaching $0.75 by year-end.

The interest in ONDO, and the broader crypto market, could shift depending on the Federal Reserve's decision regarding a rate cut or maintenance. Speculation suggests the Fed may retain rates at a 23-year peak between 5.25% and 5.50% to curb inflation below 2%. However, concerns regarding inflation resurgence persist.

During an election year, chart movement may experience a slowdown, while any harm to US Treasury yields could draw more attention to the crypto sphere, benefiting ONDO and other cryptocurrencies. ONDO's current upward trajectory suggests a bullish near-term outlook, particularly amidst a trend of declining prices for dominant tokens.

NEAR witnessed a surge following the expansion of the protocol to Five Shards Enhancing Network Capacity and Scalability, becoming the top performer for markets closing on March 15, 2024. Although the token has retraced by 2.38% in the last 24 hours to $6.40, it nearly reached the $7 milestone within the same window.

Meanwhile, Slerf, a Solana-based meme coin, recorded a trading volume surpassing all Ethereum-based DEXs in a single day since its launch, estimated at around $2.7 billion. This surge was possibly triggered by a developer accidentally sending all raised funds to a burn address.

BTC and ETH are currently experiencing a decline from their recent ATH. While the market isn't exactly experiencing a resurgence, it's not performing as expected during its peak either.