This RWA project caused panic with its sharp decline in a short time!

RWAs, one of the most popular trends of recent times, could not withstand the withdrawal in Bitcoin (BTC) and lost value.

The RWA category, which has been on the rise recently with the positive statements made by Blackrock's CEO, is now on the decline. The decline of BTC to $66,000 and ETH to $33,000 naturally shook the altcoins. When we look at the altcoins in general, one of the most decreasing trends was RWA. Especially Ondo (ONDO), one of the most popular coins in this field, attracted attention by falling nearly 30 percent in just three days.

RWA trend fell victim to market decline!

The RWA craze, which came to the fore by reaching large masses in a short time, did not last long. Having succumbed to the market's decline, this category could see larger sales unless it shows signs of recovery. ONDO, one of the most popular projects in this field, lost 7.08 percent in value in the last 24 hours and ranked fifth in the "Most Declining Cryptocurrencies" list. Alarm bells are ringing for ONDO, which has recorded a greater decline not only on a trend basis but also compared to other altcoins in general.

ONDO, which is traded at $0.77204 as of the writing of the news, may gain upward momentum if the RWA trend reappears, BTC rises or BTC dominance decreases. In such a scenario, there may be an increase towards $0.803 – $0.951 and $1.054, respectively. If the decline continues, the points that can be watched as support points are 0.686 - 0.556 and 0.379 dollars, respectively.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should do their own research when making decisions.