Will the fate of the bull market be sealed by RWA projects?
The RWA trend, sparked by the positive announcements of Blackrock’s CEO, is likely to be the talk of the town in 2024.
In 2023, although it showed itself from time to time, it could not make a breakthrough. Real World Assets (RWA)has brought itself to the forefront with recent developments. Especially Blackrock The CEO’s optimistic statements about the RWA sector and reports on RWAs have increased the demand for this field. With the appreciation of RWAs, cryptocurrencies operating in this area have seen sharp increases.
So what exactly is RWA? Which cryptocurrencies can stand out in the RWA field in this process?
What are Real World Assets (RWA)?
A Real World Asset (RWA) is any asset that can be tokenized using blockchain technology and can be placed on the blockchain. These assets often replace traditional financial assets such as industrial machinery, real estate, bonds, commodities and stocks.
Blockchain technology can digitize RWAs to make them accessible, secure, transparent and easy to track. This opens up a range of possibilities for people who want to invest in these assets. This development makes it possible for them to reduce the costs associated with the use and transaction of assets.
Which RWA coins might stand out in this process
The recognition of the RWA sector day by day has paved the way for huge rises in cryptocurrencies serving in this field. In particular, RWA coins with low market capitalization increased by 300 percent in less than a week. In addition, CoinGecko’s report published a few days ago attracted attention. According to the report, RWA was the second most bullish category in the last week.
So which RWA coins can shine the most in this process?
1- TokenFi (TOKEN)
Released by the Floki team TOKENis a cryptocurrency based on both artificial intelligence and RWAs. When we consider current trends, the popular coin, which benefits from both sides, took the flag with the prominence of RWAs. TOKEN, which has increased by more than 400 percent in a short time, has made a significant difference to other RWA coins. While most RWA projects are listed on cryptocurrency exchanges that we can categorize as Tier-2, TOKEN is listed on many Tier-1 exchanges.
2- Realio (RIO)
Realio is a project designed to tokenize real world assets (RWA) in a similar way to Ondo and Pendle. Realio is dedicated to the issuance of digital securities and crypto products. Offering a community and ecosystem for crypto users, the project aims to create a blockchain-based digital world. It is also the favorite RWA coin for many people at the moment.
3- Goldfinch (GFI)
Goldfinch is an RWA project that provides loans to real-life businesses and processes them through a decentralized lending protocol. With the RWA trend gaining momentum, GFI has made an impressive debut, attracting the attention of not only trend enthusiasts but also most crypto investors. GFI, which is not yet listed on many cryptocurrency exchanges, has high expectations.
4- Ondo (ONDO)
ONDO, one of the projects supported by Coinbase, has been on the offensive with both the acceleration of its activities and the acceleration of the RWA fury. This project, which did not attract much attention in the first period when it was listed on various exchanges, showed itself with the change of trends. ONDO, which has a much higher market capitalization than other projects, is likely to make a name for itself this year.
5- Dusk (DUSK)
DUSK, which shows itself with its activities for BEP-2 and ERC-20 standards, took the wind behind its back. DUSK, which is an older name compared to the projects in this category, made its investors smile after a long break. The popular coin, which gained upward momentum by responding to the RWA trend in a short time, is seen as one of the star candidates of this year.
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.