2024 saw the re-emergence of various sectors within the space, while classic icons also gained significant interest. AI tokens began to pave the way for a strong bullish phase ahead, which was followed by Memecoin Mania. Amid the growing momentum, DeFi tokens, along with other popular currencies, have gained sharp steam. Now that the tokens appear to have reached the top, other sectors are also displaying higher potential for a strong rally.
Following the launch of the spot Bitcoin ETF, massive asset managers like BlackRock and Grayscale have accumulated BTC in a big way. BlackRock's recent move suggests that market funds could move into RWA, or real-world assets, very soon. BlackRock recently launched BUIDL, a fund to tokenize assets on the Ethereum chain. This indicates a major move towards asset tokenization and early adopters could make good profits.
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Here are the top 5 RWA tokens to take advantage of this trend.
- mantra (om): It is an L1 blockchain for regulatory complaints for enterprises and developers. It is built using the Cosmos SDK and is scalable up to 10,000 TPS, focusing on the regulatory requirements of RWA applications. Its native token, OM, is priced at around $0.575, and has a market capitalization of around $456 million.
- Clearpool (CPOOL): It is a decentralized credit market that connects businesses with DeFi capital. CPOOL has a price of $0.23 and a market cap of $104.29 million.
- Ondo (Ondo): ONDO is a pioneer in the RWA sector, which has risen to new highs recently. It allows users to earn returns on US Treasuries and money markets cross-chain. ONDO is trading at $0.95 with a market cap of $1.32 Billion
- Pendle (Pendel): It is a protocol that enables future yield to be tokenized and traded. It provides exposure to RWA and other sectors. The native token PENDLE is trading at $3.91 with a market cap of $932.55 million
- Centrifugation (CFG): It is a decentralized asset financing protocol that connects DeFi with RWA, provides low-cost capital to small and medium-sized enterprises (SMEs) and provides a stable source of income. CFG is priced at $1.02 and has a market cap of approximately $499.03 million.
Collectively, the cryptocurrency markets are heading towards starting a new bull run and these altcoins are expected to see a good rally. Therefore, RWA tokens are expected to gain mainstream attention in the coming days.
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