The Real-World Asset (RWA) sector translates tangible assets into digital formats, allowing for blockchain-based investment, trade, or use as collateral. The RWA sector is experiencing a significant boost, particularly with BlackRock’s introduction of the USD Institutional Digital Liquidity Fund (BUIDL). 

This move has spotlighted RWA projects, attracting attention from major investors looking for exponential returns. Among these, tokens like ONDO, OM, and POLYX are emerging as the top picks for those eyeing a potential 100-fold gain in 2024.

1. Ondo (ONDO)

Ondo (ONDO) stakeholders are pivotal in directing the Ondo DAO’s journey, ensuring its core objective to make elite financial solutions widely available remains intact. The DAO empowers ONDO proprietors with distinct privileges concerning Flux Finance, overseen by the Ondo DAO. As BlackRock ventures into the realm of tokenizing Real World Assets (RWAs), the spotlight is on Ondo Finance.

Ondo price chart

The flagship cryptocurrency of Ondo Finance, ONDO, has witnessed a remarkable surge, elevating its value by 90% within just a month. This rapid ascent has seen ONDO’s market presence expand, with its size doubling recently. Significant investors, often termed whales, have shown a keen interest in ONDO by transferring large quantities of the token away from exchanges. This trend indicates a growing confidence in the potential of tokens tied to tangible assets.

Currently, the price of ONDO stands at $0.8561, experiencing a minor dip of 7.46%. Positioned at 90 on CoinMarketCap, ONDO boasts a live market capitalization of $1.2 billion. With the bullish momentum continuing to build, there’s anticipation that ONDO’s value could reach new heights in 2024.

2. MANTRA (OM)

MANTRA (OM), a pioneering Security RWA Layer 1 Blockchain, is engineered for seamless integration and compliance with existing regulatory frameworks. This platform is crafted with both institutions and developers in mind, providing a permissionless infrastructure that supports permissioned applications with ease.

MANTRA recently launched its Hongbai Testnet, aiming to fuse DeFi with traditional finance innovatively. By adopting the Cosmos SDK and IBC protocol, MANTRA ensures compatibility across different blockchains. This strategic step targets the vast $16 trillion RWA market, promising to redefine asset interaction within the financial sector.

MANTRA price chart

The value of MANTRA presently stands at $0.816, witnessing a notable 24-hour increase of 13.07% and a remarkable monthly upsurge of 281%. This trend signifies a potent bullish momentum in the market. Currently, it holds the 136th position on CoinMarketCap, boasting a market capitalization of $648 million.

3. Polymesh (POLYX)

Polymesh (POLYX), a blockchain tailored for regulated asset transactions, is seeing a notable rise following BlackRock’s venture into the tokenized asset market. The platform, dedicated to institutional use and governed by its native token POLYX, enables users to partake in network security through staking, cover transaction costs, and contribute to governance decisions.

The introduction of BlackRock into the tokenized asset on Ethereum has sparked considerable interest in Polymesh, catapulting its value by 146% in just a week. This surge underscores a growing enthusiasm for crypto tokens associated with the regulated asset sector, hinting at a potential climb beyond the $0.57 mark.

Polymesh price chart

Currently, Polymesh stands at $0.5755, although it has seen a dip of over 10% in the last day. Its position on CoinMarketCap is 171, boasting a market capitalization of $486 million. This dynamic reflects the volatile nature of the crypto market, even as it draws increased investment and attention from major financial entities.

Bottom Line

The excitement surrounding Real World Asset (RWA) tokens such as ONDO, OM, and POLYX stems from their potential for significant returns. As large investors accumulate these tokens, the anticipation for their market performance in 2024 intensifies, highlighting the cryptocurrency market’s ever-changing nature.

The post Top 3 RWA Tokens Whales Are Buying For 100X Profit In 2024 appeared first on CoinGape.

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Filed under: News - @ January 1, 1970 12:00 am