In an apparently dull crypto market, two assets stand out from the crowd: today we analyze the price trends of BNB and Ondo.
Price Analysis of Ondo and Binance Coin: focus on BNB
BNB is the native cryptocurrency of the BSC ecosystem, which is Binance Smart Chain, now renamed to BNB Smart Chain.
This is a theoretically decentralized crypto project, behind which, however, there is Binance, the largest crypto exchange in the world. In fact, the trend of the price of BNB in the crypto markets is closely linked to the activities and successes of Binance.
Excluding Bitcoin, BNB is the only crypto among the top 10 by market capitalization whose price is not far from the all-time highs (-17%).
Moreover, the maximum was reached a few months ago, in December 2024, and the subsequent correction was neither very deep nor very long-lasting.
During the last major bull run, the one in 2021, it never managed to surpass $700, while in December of last year it even managed to nearly reach $800.
For example, the current price, of about $650, has already returned to being very close to the highs of 2021.
Note that its trend over the last few years has been following Bitcoin quite closely, with a strong rebound already in 2023 after the great bear-market of 2022, and with a first peak in the first half of 2024.
It must also be said that starting from the Trump trade in November, BNB has underperformed BTC, although not by much.
The thing that stands out the most, however, is that during the 2025 correction the price only dropped to $530, already in March, while in April it never fell below $550. This is an even better hold than that of Bitcoin, even though BTC in May then recorded new all-time highs while BNB did not.
Practically, the price of BNB starting from September 2024 is moving sideways in a very high-level zone between 550$ and 700$, with numerous temporary peaks above and below these two thresholds.
In short, it is showing remarkable resilience, with volatility that is even lower than that of Bitcoin itself.
It is likely that this extraordinary resilience is due to the numerous promotional programs by Binance that encourage BNB holders to keep holding it indefinitely instead of trading it. Additionally, it certainly helps that Binance itself buys back BNB from the market every quarter with part of its profits and burns them, thus reducing the circulating supply.
As of today, out of approximately 200 million BNB tokens initially created, more than 60 million have already been withdrawn from the market and burned.
The trend of the price of Ondo
As for Ondo, the discussion is completely different.
First of all, it is a token, and not a native cryptocurrency of its own chain.
Furthermore, it does not have a major crypto project already very well launched behind it.
Having said that, it debuted on the crypto markets only in 2023, and since then it has had a relatively flat trend in the long term, with some decidedly very significant peaks.
In particular, in March 2024 it reached $0.6, and since then it has moved sideways between $0.6 and $1.5, with a single peak above this latter threshold. In fact, thanks to the Trump trade at the end of 2024, in December it recorded its all-time high above $2.1.
The current price below $0.8 is once again within the lateralization range, in line with that of March 2024.
Note that the Trump trade started right when the prezzo di Ondo was around $0.7, with a +180% in just over a month, which was evidently just a speculative bubble.
That mini-bubble then obviously burst, and during the subsequent correction, the price of Ondo ended up returning to $0.7 in April. Practically, the price level before and after that bubble was the same.
However, what happened afterwards appears a bit concerning.
In fact, after moving back above $1.1 at the beginning of May, at the end of May it started a new downward trend, not in line with the general trend of the main cryptocurrencies.
This downward trend seems to have halted last week at $0.67, but it is by no means certain that it cannot resume.
It is, however, necessary to also highlight the fact that the price trend of Ondo in the last three and a half months closely resembles that from August to October 2024, which was followed by the mini-speculative bubble generated by the Trump-trade. Therefore, it cannot be ruled out at all that other speculative bubbles may inflate on the price of Ondo.
