(Thursday 11 July 2024, 04:39 AM GMT):
In the cryptocurrency market today, Real World Asset (RWA) tokens are making waves with an impressive rally. The market cap of RWA tokens has risen by 3.0% in the last 24 hours, reaching $6,473,096,612, according to CoinGecko.
Real World Asset tokens are bridging the gap between the digital and physical worlds, allowing for the tokenization of physical assets. Even traditional financial giants like BlackRock are entering this space, showcasing its potential. Here are six RWA tokens to watch out this month, each offering unique applications and growth potential:
1) ONDO (ONDO)
ONDO is a decentralized platform that tokenizes real estate assets, enabling fractional ownership and trading. This allows investors to access a new asset class while property owners can unlock liquidity.
- Current Price: $0.9908
- 24-Hour Surge: 2.7%
- Market Cap: $1,428,969,142
2) VeChain (VET)
VeChain is a well-established blockchain platform focused on supply chain management and asset verification. Its RWA tokens represent ownership in luxury goods, artwork, and other unique assets.
- Current Price: $0.02613
- 24-Hour Surge: 1.73%
- 7-Day Surge: 7.75%
- Market Cap: $2,116,137,647
3) Mantra (OM)
Mantra is a decentralized platform that tokenizes real-world assets such as real estate and art. OM tokens enable lending, borrowing, and trading, creating new investment opportunities.
- Current Price: $0.9719
- 24-Hour Surge: 3.03%
- 7-Day Surge: 2.10%
- Market Cap: $807 million
4) Polymesh (POLYX)
Polymesh is a decentralized platform focused on the creation and management of RWA tokens with a strong emphasis on security, scalability, and regulatory compliance. The POLYX token powers the network, facilitating the tokenization of assets like art, collectibles, and real estate.
- Current Price: $0.2557
- 24-Hour Surge: 8.38%
- 7-Day Surge: 5.65%
- Market Cap: $221 million
5) Centrifuge (CFG)
Centrifuge is a decentralized platform that tokenizes real-world assets, including real estate, invoices, and royalties. CFG tokens represent ownership in these assets, enabling trading and liquidity.
- Current Price: $0.4823
- 24-Hour Surge: 7.42%
- 7-Day Surge: 9.99%
- Market Cap: $239 million
6) TrueFi (TRU)
TrueFi is a decentralized lending platform that uses RWA tokens as collateral. TRU tokens represent the platform’s governance and utility, enabling lending, borrowing, and staking.
- Current Price: $0.1272
- 24-Hour Surge: 10.12%
- 7-Day Surge: 6.68%
- Market Cap: $146 million
Conclusion
Real World Asset tokens are revolutionizing ownership and value. These seven tokens—ONDO, VET, OM, POLYX, CFG, and TRU—represent a diverse range of applications and opportunities. As the RWA market continues to grow, keep a close eye on these tokens and the innovative projects behind them.
Disclaimer
This article is for informational purposes only and should not be considered financial advice. Cryptocurrency investments carry risks, and you should conduct your own research before making any investment decisions. Always consult with a professional financial advisor.