After Memecoin Mania, AI-Buzz, This Could be the Next Big Thing in Crypto: ONDO & These Altcoins Likely to Thrive

Photo of author
Written By Pinang Driod

The year 2024 has witnessed the resurgence of various sectors within the space, while the classical tokens have also gained significant attention. The AI tokens began to make ground for a strong bullish run ahead, which Memecoin Mania followed. Amid the growing momentum, the DeFi tokens, along with the other popular ones, gained acute strength. Now that the tokens appear to have reached the pinnacle, the other sectors also display a higher possibility of a strong bull run. 

After the launch of the spot Bitcoin ETF, huge asset management companies like BlackRock and Grayscale have been heavily accumulating BTCs. A recent BlackRock move signals that market money could be moving into RWA or real-world assets, very soon. BlackRock recently launched BUIDL, which is an asset tokenization fund on the Ethereum chain. This signals a big move towards tokenizing assets and early adopters could make decent profits. 

Here are the top 5 RWA tokens to take advantage of this trend. 

  • MANTRA (OM): It is a regulatory-complaint L1 blockchain for institutions and developers. It is built using Cosmos SDK and is scalable up to 10,000 TPS, with an emphasis on regulatory requirements for RWA applications. The price of its native token, OM, is around $0.575, with a market capitalization of around $456 million.
  • Clearpool (CPOOL): It is a decentralised credit marketplace linking firms with DeFi capital. The price of CPOOL is $0.23, with a market capitalization of $104.29 million. 
  • ONDO (ONDO): ONDO is a leading player in the RWA sector, which has soared to new highs recently. It allows users to earn yields on US treasuries and money markets across chains. The ONDO price is trading at $0.95 with a market capitalisation of $1.32 billion
  • Pendle (PENDLE): it is a protocol which enables the tokenization and trading of future yield. It offers exposure to the RWA and other sectors. The native token PENDLE is trading at $3.91 with a market capitalisation of $932.55 million
  • Centrifuge (CFG): it is a decentralised asset financing protocol connecting DeFi with RWA, offering low-cost capital for small & mid-sized enterprises (SMEs) and providing a stable source of income. The price of CFG is $1.02 and market capitalization is around $499.03 million.

Collectively, the crypto markets are heading towards starting a fresh bullish spell and these altcoins are expected to undergo a fine upswing. Therefore, the RWA tokens are expected to get mainstream attention in the coming days. 

SOURCE

Leave a Comment