Those who understand the market narratives will make millions, while those who don’t will keep going back and forth.
Real World Asset (RWA) has emerged as a market narrative that has attracted much attention, among others. For example, BlackRock recently adopted the concept of the RWA narrative. Is this good news? Crypto expert Tari from the Altcoinbuzz team examines 6 RWA coins that he predicts will reach gigantic sizes in 2024. But first, we look at how BlackRock influences the RWA narrative.
Impact on BlackRock and RWA assets
cryptokoin.comAs you’ve been following from , the Real World Assets (RWA) industry has received a lot of attention over the past few years. RWA is about tokenizing real-world assets into digital properties, making ownership easier. You can tokenize assets such as your regular currencies, commodities, stocks, real estate, and works of art. This increases investment opportunities. Recently, BlackRock launched the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) on the Ethereum Blockchain. Launching BUIDL will lead to more institutions using Blockchain technology, making their operations fairer and much better.
So how does this affect RWA? BlackRock’s participation in RWA will potentially increase the value of RWA tokens, with the possibility of gaining over 100x in value in 2024. Tokenization of real-world assets brings efficiency, accessibility, and transparency to the asset market, benefiting both investors and asset owners. Now let’s take a look at RWA coin projects that have the potential to lead the market in 2024
Dusk (DUSK) is in first place
Dusk Foundation’s native token, DUSK, is currently at $0.53. Additionally, the market cap of the token is $225 million. Dusk is a Layer 1 Blockchain platform focused on user privacy, compliance and real-world assets. The project wants everyone to have easy access to buying and selling real-world assets in their wallets while protecting privacy as a human right. This is an excellent innovation. Because there is no need to go through the stress of using DEXs to trade RWA coins.
Second place RWA Coin: Ondo Finance (ONDO)
ONDO is $0.824 and its market cap is $1.1 billion. Ondo’s primary goal is to provide everyone with access to quality financial services. They are building advanced financial systems to provide easier access to the market.
We continue the RWA Coin list with Creditcoin (CTC)
Creditcoin solves the absence of a credit system for those who need access to the normal traditional banking system in developing economies. So how does it solve this problem? By recording credit transaction history on a public Blockchain. Creditcoin’s token, CTC, currently has a market cap of $297 million. Additionally, RWA Coin is trading at $0.9. That’s not all; Creditcoin also allows you to earn USDT prices by learning their achievements.
Fourth RWA Coin: IX Swap (IXS)
IX Swap is the Uniswap for real world assets. But it is for security tokens. IX Swap’s token, IXS, currently has a market cap of $112.4 million. Additionally, the token is changing hands at $0.67. With IX Swap you can swap tokenized assets, IXS and access a launchpad. There is also a reward of 10,000 IXS in the X pages.
Maple Finance (MPL) also manages to enter the list
Maple Finance is a platform for lending digital assets. Maple’s token, MPL, is currently at $21.5 and has a market cap of $95.4 million.
Last ranked RWA Coin: Realio Network (RIO)
Realio currently has a market cap of $16.3 million. Its token RIO is currently trading at $2.48. Realio is an RWA platform that handles everything from creation to management of digital securities and assets.
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.
To be informed about the latest developments, follow us twitter‘in, Facebookin and InstagramFollow on and Telegram And YouTube Join our channel!