While 2024 is a period of great revival and change in the cryptocurrency market, traditional tokens are also attracting notable interest. Following the rise of AI tokens and meme coins, classic tokens are also showing a strong uptrend, attracting the attention of investors and industry experts. However, DeFi (Decentralized Finance) tokens are also gaining significant strength by joining this momentum. Now, as tokens approach their peaks, the odds of a strong bull run in other sectors appear to be increasing.
With the launch of the Spot Bitcoin ETF, major asset management companies, especially giants such as BlackRock and Grayscale, have begun to accumulate Bitcoin heavily. This shows increasing institutional interest in cryptocurrencies, leading to greater acceptance of cryptocurrencies in the mainstream financial system.
On the other hand, a recent move by BlackRock was considered as a sign that the money in the market will be transferred to RWA (Real World Assets) in a short time. BlackRock has signaled that it will lead this trend by launching BUIDL, an asset tokenization fund on the Ethereum network. This move offers an opportunity where those who join the trend early can make reasonable profits.
In this context, it may be useful to examine five of the leading figures in the field regarding the tokenization of real-world assets using cryptocurrencies. Here are five RWA tokens that will make the most of this trend:
MANTRA (OM): MANTRA, a strong player in the DeFi space, is playing a leading role in the tokenization of real-world assets. In addition to DeFi services, it adopts the Web3 concept and aims to be a part of the ecosystem in this field. The native token of the project is OM. OM gained over 21% in the last 24 hours, reaching $0.6715.
Clearpool (CPOOL): It is a decentralized credit marketplace that connects companies to DeFi capital. Roughly speaking, Clearpool connects corporate borrowers to lenders. CPOOL increased by over 18% in the last 24 hours, reaching $0.2227.
ONDO: ONDO is one of the leading players in the RWA industry, which has scaled new heights in recent times. It allows users to earn returns on US treasury securities and inter-network money markets. Ondo purchases shares in traditional assets and then offers fund shares in tokens using its own network mechanism. That is, it tokenizes traditional shares. ONDO is trading at $0.9 at press time, up 15%.
PENDLE: It is a protocol that enables the tokenization and trading of future returns. Offers access to RWA and other sectors. PENDLE is trading at $3.92, up about 8%.
Centrifuge (CFG): It is a platform that allows businesses to tokenize their assets. It is a decentralized asset financing protocol that offers low-cost capital and provides a stable source of income for small and medium-sized businesses. CFG is trading at $1.01, up over 7%.
In summary, these RWA tokens provide investors with a broader investment opportunity by accelerating the integration of real-world assets into the crypto ecosystem. In this direction, crypto markets are moving towards a new upward wave and these altcoins are expected to experience a good rise. However, it is important to research carefully and evaluate the risks before making any investments.
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