We recently wrote an article about a new way of using tokens on blockchains. The time of ICOs (Initial Coin Offerings) is over. The talk about DeFi (Decentralized Finance) isn’t as exciting as before. What’s popular now is making sure tokens representing real-world assets (RWAs) are regulated and sustainable. This could be a big factor in the next crypto market boom. This article is all about the top 5 RWA tokens that could explode in 2024.
To help you understand more, we’ll tell you about five lesser-known projects working on turning real-world assets into tokens. These projects have a small market value right now. Remember, this is not advice on where to invest. Investing in tokens comes with risks, and you might lose all your money. Start-ups, especially in this area, often face challenges, but they also have the potential for high profits. Keep in mind that investing involves risks, and it’s important to make decisions carefully.
RWA tokenization means turning physical assets into digital tokens on the blockchain. This process has several important advantages:
- Improved Liquidity and Accessibility: Tokenization makes it easier to buy and sell assets that are usually hard to trade. It enables partial ownership of high-value assets, letting a wider range of investors join markets that were previously hard to access.
- Global Investment Opportunities: Tokenizing real-world assets reduces geographical and financial barriers. This allows investors from anywhere in the world to participate in markets without the usual restrictions.
- Creation of New Markets: Introducing tokenized assets into decentralized finance (DeFi) systems opens the door for new and innovative financial products and participants in the market.
For example, think about a valuable painting. Normally, only a small group of wealthy buyers could buy it. But with tokenization, the painting can be divided into digital tokens, letting multiple investors own a part of it. This not only makes the painting easier to sell but also gives people from around the world a chance to invest in it.
Top 5 RWA Tokens
Landshare transforms real-world properties into asset-backed, income-generating tokens that you can trade on the Binance Smart Chain. With Landshare, you can invest in real estate starting from just $50. As an investor, you get the advantages of property value increase and monthly rental income sent directly to your wallet.
In addition to traditional benefits, Landshare provides extra features from decentralized finance (DeFi). These include automatic compounding of yields, play-to-earn NFTs (Non-Fungible Tokens), and an upcoming loan protocol. This means your real estate investment is enhanced with modern financial tools and opportunities.
As of now, the price of Landshare Token is $1.571046, and it has experienced a 3.76% increase in the last 24 hours. The 24-hour trading volume is $50,439, and the market cap is currently $0.00, with a market dominance of 0.00%.
Landshare Token had its highest price on August 13, 2021, reaching an all-time high of $5.57. Its lowest price was recorded on September 20, 2021, when it traded at an all-time low of $0.098296. Since the all-time high, the lowest price observed was $0.098296 (cycle low), and the highest price since the last cycle low was $2.28 (cycle high).
The current sentiment for Landshare Token’s price prediction is bullish, and the Fear & Greed Index is showing a value of 74, indicating a state of Greed in the market. This suggests positive expectations and confidence among investors.
The Landshare (LAND) token has demonstrated notable growth over the past year, as indicated by various performance metrics:
- Landshare surged by 171% in the last year, signaling a significant uptrend.
- Outperformed 83% of the top 100 cryptocurrencies in the past year.
- Surpassed the performance of Bitcoin and Ethereum.
- Currently trading above the 200-day moving average.
- Shows positive returns from the initial token sale.
- Experienced 16 positive price days in the last month (53%).
These metrics collectively suggest a robust and positive trend for Landshare, showcasing its strong performance and growth in comparison to both other cryptocurrencies and major benchmarks like Bitcoin and Ethereum.
2. Centrifuge (CFG)
Centrifuge is a decentralized protocol focused on providing financing for real-world assets (RWA) within the realm of decentralized finance (DeFi). Its mission is to reduce the cost of capital for small and mid-size enterprises (SMEs) while offering investors a steady income source. Unlike relying on volatile crypto assets, Centrifuge aims to create profits by transferring real monetary value from traditional fiat currencies to cryptocurrencies.
Businesses use Centrifuge to tap into DeFi liquidity. They can turn real assets into tokens and use these tokens as collateral to secure financing through Tinlake, a decentralized application (DApp) lending protocol. The Centrifuge blockchain is constructed on Polkadot (DOT) for efficiency and low transaction fees, while Tinlake is designed to access liquidity on Ethereum (ETH).
Centrifuge benefits both parties by connecting assets like invoices, real estate, and royalties with DeFi. Investors receive income and rewards in the form of CFG tokens. Borrowers, on the other hand, enjoy the advantage of financing their real assets without relying on banks or other intermediaries. The ultimate goal is to bridge the traditional financial world with the possibilities offered by decentralized finance.
As of now, the price of Centrifuge (CFG) is $0.598572, with a 24-hour trading volume of $1.20 million. The market capitalization is $215.64 million, and Centrifuge holds a market dominance of 0.01%. Over the last 24 hours, the CFG price has decreased by -1.32%.
Centrifuge achieved its highest price on May 29, 2021, reaching an all-time high of $18.61. The lowest price was recorded on January 4, 2023, at its all-time low of $0.140564. Since the all-time high, the lowest price observed was $0.140564 (cycle low), and the highest CFG price since the last cycle low was $0.748722 (cycle high).
The current sentiment for Centrifuge’s price prediction is bearish, while the Fear & Greed Index is showing a value of 74, indicating a state of Greed in the market.
Centrifuge’s circulating supply is 360.26 million CFG out of a maximum supply of 430.01 million CFG. The current yearly supply inflation rate is 3.94%, resulting in the creation of 13.65 million CFG in the last year. In terms of market cap, Centrifuge is currently ranked #67 in the Ethereum (ERC20) Tokens sector.
The Centrifuge (CFG) token has shown impressive growth over the past year:
- Centrifuge’s price surged by 195% in the last year.
- Outperformed 87% of the top 100 cryptocurrencies.
- Surpassed the performance of Bitcoin and Ethereum.
- Currently trading above the 200-day moving average.
- Positive returns from the initial token sale.
- Experienced 15 positive price days in the last month (50%).
These metrics collectively suggest a strong and positive trend for Centrifuge, showcasing its robust performance and growth in the cryptocurrency market.
3. Maple (MPL)
Maple is like a decentralized bank for companies. It helps businesses get money in a straightforward way using blockchain technology. People who put their money into Maple can earn a steady income by lending it to different groups of top-notch cryptocurrency organizations.
The groups in charge of managing the money pools, called Pool Delegates, carefully check and decide the terms with the companies that want to borrow. All of this is governed by the Maple Token (MPL), which lets token owners have a say in decisions, share in fees, and provide insurance to the money pools.
If you want to make some money with Maple, you can deposit your money into the pools, and experienced investors, the Pool Delegates, will take care of managing it. Companies that need money can ask Maple for it, and because of their good reputation, they can borrow more than the value of what they own without worrying too much about losing everything.
The people lending the money (Liquidity Providers) get a steady income by being part of these pools and don’t have to worry about managing everything themselves because the Pool Delegates do the hard work. So, it’s a win-win for everyone involved!
As of today, Maple Finance is priced at $15.77, and there has been a trading volume of $1.04 million in the last 24 hours. The total value of all Maple Finance tokens in circulation is $52.68 million, and Maple Finance currently holds 0.00% of the overall market.
Over the past day, the price of Maple Finance’s token (MPL) has decreased by -4.93%. The highest price ever recorded for MPL was $68.21 on April 10, 2022, and the lowest price was $2.64 on January 1, 2023, which was also the all-time low. Since reaching its all-time high, the lowest price experienced after that peak was $2.64, and the highest price since the last low point was $22.44.
At the moment, the sentiment for Maple Finance’s price prediction is bearish, and the Fear & Greed Index is indicating a value of 74, which represents greed in the market.
Regarding the token supply, there are currently 3.34 million MPL tokens in circulation out of a maximum supply of 10.00 million MPL tokens.
- – Over the past year, Maple Finance’s value surged by a remarkable 262%.
- – Outshined 90% of the top 100 cryptocurrencies in terms of growth within the same timeframe.
- – Beat the performance of well-established cryptocurrencies like Bitcoin and Ethereum.
- – Presently, its price is trending above the 200-day simple moving average.
- – Demonstrated positive growth compared to its initial token sale price.
- – Enjoyed 16 green (positive) days in the last 30 days, making up 53% of that period.
4. Pendle (PENDLE)
Pendle is a platform designed for tokenizing and trading future yield. It introduces a unique Automated Market Maker (AMM) that accommodates assets with time decay. This innovation empowers users by offering increased control over future yield through options and various possibilities for its effective utilization.
As of now, Pendle is priced at $1.158225, with a 24-hour trading volume of $43.47 million. The total market capitalization is $273.21 million, and Pendle holds a market dominance of 0.02%. Over the last 24 hours, the PENDLE price has decreased by -5.71%.
Pendle reached its peak price on May 5, 2021, at an all-time high of $2.33. The lowest price was observed on Nov 14, 2022, hitting an all-time low of $0.034103. Since reaching the all-time high, the lowest price experienced after that peak was $0.034103 (cycle low). The highest PENDLE price since the last cycle low was $1.720850 (cycle high).
Currently, the sentiment for Pendle’s price prediction is neutral, while the Fear & Greed Index is at 74, indicating a state of greed in the market.
In terms of token supply, there are 235.89 million PENDLE tokens in circulation out of a maximum supply of 258.45 million PENDLE. The current yearly supply inflation rate is 23.05%, resulting in the creation of 44.19 million PENDLE tokens in the last year.
- Over the past year, the price has surged by an impressive 2,023%.
- Outpaced 99% of the top 100 cryptocurrencies within the same period.
- Surpassed the performance of both Bitcoin and Ethereum.
- Currently trading above the 200-day simple moving average.
- Exhibits substantial liquidity, evident from its market capitalization.
5. Polymesh (POLYX)
Polymesh is a specialized, high-grade blockchain designed for regulated assets, catering to institutional needs. It addresses various challenges in public infrastructure, including governance, identity, compliance, confidentiality, and settlement. The native protocol token, POLYX, plays a crucial role in staking, securing the network, covering transaction fees, and participating in governance.
This blockchain features built-in financial tools, allowing users to operate efficiently with minimal fixed costs. Developers can leverage Polymesh to build decentralized applications (dApps). The platform prioritizes addressing key concerns such as rule enforcement, identity verification, regulatory compliance, data privacy, and transaction finalization.
Polymesh distinguishes itself from general-purpose blockchains like Ethereum by overcoming limitations that might hinder the acceptance of security tokens by industries and institutions, as outlined in the project’s whitepaper.
As of now, Polymesh is valued at $0.197215, with a 24-hour trading volume of $42.48 million. The total market capitalization stands at $153.07 million, and Polymesh commands a market dominance of 0.01%. Over the last 24 hours, the POLYX price has seen a decrease of -5.97%.
Polymesh hit its peak price on Oct 30, 2023, reaching an all-time high of $0.428914. The lowest price was recorded on Jun 17, 2022, hitting an all-time low of $0.098022. Since reaching the all-time high, the lowest price experienced after that peak was $0.178894 (cycle low). The highest POLYX price since the last cycle low was $0.229224 (cycle high).
Presently, the sentiment for Polymesh’s price prediction is bearish, while the Fear & Greed Index stands at 74, indicating a state of greed in the market.
In terms of token supply, there are currently 776.18 million POLYX tokens in circulation out of a maximum supply of 522.16 million POLYX. The current yearly supply inflation rate is 92.48%, resulting in the creation of 372.92 million POLYX tokens in the last year.
- – The price has grown by 21% over the past year.
- – Currently trading above the 200-day simple moving average.
- – Demonstrates high liquidity, indicated by its market capitalization.
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