In 2024, various sectors of the space will make a comeback, while classic tokens will also receive a lot of attention. AI tokens have started to set the stage for a strong bull market, and Memecoin Mania has followed suit. With momentum building, DeFi tokens have gained exponential momentum like other popular tokens. Now that the token appears to have peaked, other sectors are also showing that a strong bull run is likely.
After the launch of the Spot Bitcoin ETF, large asset management companies such as BlackRock and Grayscale have accumulated large amounts of Bitcoin. BlackRock's recent moves suggest that market capital may soon move into RWA and real-world assets. BlackRock recently launched BUIDL, an asset tokenization fund on the Ethereum chain. This marks a major move towards tokenizing assets, with early adopters potentially reaping some handsome returns.
Read more: The Meme Coin Rally Strikes Again: DOGE, PEPE, SHIB FLOKI Eye 100% Spike
Here are the top 5 RWA tokens that can take advantage of this trend.
- Mantra (OM): This is a regulatory compliant L1 blockchain for institutions and developers. Built using the Cosmos SDK and scalable up to 10,000 TPS with a focus on regulatory requirements for RWA applications. The native token, OM, has a price of approximately $0.575 and a market capitalization of approximately $456 million.
- Clear Pool (CPOOL): It is a decentralized credit market that connects businesses and DeFi capital. CPOOL's price is $0.23 and its market cap is $104.29 million.
- Ondo: ONDO is a major player in the RWA sector which recently hit new highs. This allows users to earn yield on US Treasuries and money markets across the chain. ONDO is trading at $0.95 and has a market cap of $1.32 billion.
- PENDLE: This is a protocol that allows for the tokenization and trading of future yields. Provides exposure to RWA and other sectors. The native token PENDLE is trading at $3.91 and has a market capitalization of $932.55 million.
- Centrifuge (CFG): It is a decentralized asset financing protocol that connects DeFi and RWA, providing small and medium-sized enterprises (SMEs) with low-cost capital and a stable source of income. CFG's price is $1.02 and its market capitalization is approximately $499.03 million.
Overall, the cryptocurrency market is headed for a new bullish beginning, and these altcoins are expected to experience significant gains. Therefore, the RWA token is expected to gain mainstream attention in the coming days.
See also: ONDO price hits new all-time high! Will Ondo reach $1 this week?
