Listen very carefully to Blackrock CEO Larry Fink. And just a few days after this announcement, BlackRock announced its first tokenized fund on the Ethereum Blockchain. As a result, tokenization of the real-world assets (RWA) sector has exploded. This has led to some tokens performing much better than the market over the last 7 days. Crypto expert Deepika Garg from the Altcoinbuzz team shares 3 altcoins that she says have 50X potential in this sector.
First ranked altcoin: Realio (RIO)
Shortly after Larry Fink supported the RWA sector, the RIO token rose by almost 190%. Realio is headquartered in New York and built with Cosmos SDK, compatible with EVM and non-EVM Blockchains. Additionally, it is a fully SEC-compliant Layer 1 Blockchain for real-world assets.
Why was RIO pumped the most after BlackRock news? Here’s a plausible explanation. We all know that recently BlackRock Wallet was funded with $100 Million. Where did these funds come from? Of this 100 Million dollars, 10,000 RIO tokens were transferred from Realio Network’s reserve wallet to Blackrock’s wallet. This suggests something big is going on between a Trillion dollar investment company and an RWA project. Now let’s look at the price potential of RIOs. Realio Network’s current market cap is $125 million. In the upcoming bull run and given the RWA sector potential, RIO has 10x – 50x potential.
Ondo Finance (ONDO) comes in second place
Over the past year, RWAs have been reinvented through Treasury securities. Protocols like ONDO, which use US Treasury bonds for tokenization, have enabled significant capital inflows by bridging high yield, safe government debt, and blockchain liquidity. Also, Ondo Finance has a very special advantage. Ondo is a relatively new player in this space. So what’s the advantage here? First, Ondo is managed by Goldman Sachs’ Digital Assets experts. Secondly, Ondo RWA already appeals to institutions and institutional investors when choosing its partners. Major players such as BlackRock and Morgan Stanley are part of Ondo’s support system.
Expect another big thing. Recently, Ondo partnered with Aptos Blockchain. Ondo and Aptos envision a seamless blend of traditional finance and Blockchain technology. The partnership bridges the gap between traditional financial markets and the emerging Blockchain ecosystem. Thus, it is exploring solutions that integrate on-chain local and real-world asset returns. If we look at the price potential, ONDO is up 852.9% since the token launch on January 2,024. Its current market cap is $1.169 billion and it is currently undervalued. The fully diluted value is $8.1 billion and represents 14.3% of the total supply. Therefore, he has solid potential in Ondo.
Last ranked altcoin: Centrifuge (CFG)
Centrifuge is one of the pioneers of RWA. Their main-net dates back to April 2020. Now, Centrifuge allows you to borrow or lend assets. This eliminates middlemen and all the commissions they charge. It’s just an advantage. It is also possible to disassemble an RWA. Real estate is a good example of this. You may not be able to fully afford a real estate asset. However, once it is tokenized and fragmented, you can purchase its parts.
Their flagship is Tinlake Dapp. You can find it as an open marketplace on the Ethereum Blockchain. It is also an investment application. This is where you can tokenize RWAs into NFTs. Once it is tokenized, it is possible to move it in the DeFi space. Unlike Tinlake, Centrifuge calls Polkadot and Kusama home. Centrifuge offers RWAs in several different areas. Another interesting aspect of Centrifuge is that it provides a compliant legal infrastructure. The current CFG price is $0.958. It increased by 62% in the last 14 days.
The opinions and predictions in the article belong to the expert and are definitely not investment advice. cryptokoin.com We strongly recommend that you do your own research before investing.
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