Bittime - The world of crypto assets is getting busier with the presence of RWA (Real-World Asset) crypto assets. So, in this article, we will discuss together the 5 most popular RWA tokens that are worth paying attention to in April 2024.
RWA itself basically represents ownership of real assets in the real world, such as property or valuables, through blockchain technology and smart contracts. The market capitalization for RWA crypto assets currently stands at over $8.6 billion, with Ondo (ONDO) leading the way.
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Let's take a look at the 5 most popular RWA tokens that you need to pay attention to this April.
5 Most Popular RWA Tokens
1. Ondo (ONDO)
The popularity of RWA crypto assets is increasing. These assets represent ownership of real goods via the blockchain, such as property, and function using smart contracts.
The overall market capitalization of RWA crypto assets currently stands at over $8.6 billion, with Ondo (ONDO) being the largest.
ONDO is the governance token of Ondo Finance, a crypto company focused on tokenizing assets, such as US Treasury bonds and notes, on the blockchain.
ONDO price surged to an all-time high of $1.05 (based on CoinGecko data) on March 31. It is currently hovering around $0.82 following a general market correction, but is still up 60% in the last month.
2.XDC Network (XDC)
XDC Network is the second largest asset in the RWA segment, with a market capitalization of about $630 million, or almost half of Ondo's (ONDO) capitalization. XDC Network is an open-source blockchain designed for real-world decentralized finance (DeFi) with tokenization at its heart.
Also read: What is XDC Network XDC?
The price of the native token XDC peaked in August 2021 at $0.18. Prolonged market weakness in 2022-2023 had an impact on XDC, and its price fell drastically before rising again mid last year. Currently, the price of XDC is around $0.04, down 3% in the past month.
3. Polymesh (POLYX)
POLYX's market cap is only slightly below that of XDC. However, the price has recently experienced a rapid increase, reaching a high of $0.74. POLYX's performance in the last 30 days has been impressive, with a value increase of up to 140%.
Polymesh is a blockchain specifically designed to handle regulated assets and is sometimes referred to as the “Ethereum of security tokens.”
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4. MANTRA (OM)
MANTRA (OM) is another token that has been in the spotlight recently. Last month, its price reached an all-time high above $0.80 after previously being below $0.10 between April 2022 and February 2024. OM experienced a fantastic price increase of 1,800% in the last year.
Mantra is a layer-one blockchain network that provides a bridge between TradFi (traditional finance) and DeFi (decentralized finance) by offering the infrastructure necessary for tokenization of real assets (Real-World Assets).
5. Pendle (PENDLE)
Finally, there is Pendle (PENDLE) whose price has also risen sharply recently. PENDLE recently hit an all-time high of $5.74 before dropping to its current level of around $5. This asset is only worth $0.60 in October 2023, which is a price increase of 730% in six months.
Also read: What is Pendle (PENDLE)? Read the explanation
Pendle Finance is a blockchain protocol that provides decentralized financial services with a focus on fixed yield and yield tokenization.
Pendle supports cross-chain compatibility and uses an automated market making mechanism for effective trading.
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Conclusion
RWA (Real-World Asset) crypto assets are a fast-growing segment in the crypto world, offering huge potential for investors looking to bridge the gap between the traditional and decentralized worlds.
The five RWA crypto assets discussed above show significant growth potential, with some of them experiencing extraordinary price increases in a short period.
However, it is important to remember that all crypto investments involve high risks. Do your own research and understand your risk profile before investing in RWA crypto assets.
How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn Complete Guide How to Buy Crypto on Bittime.
Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read:
Crypto and Real World Assets (RWA): Top 10 RWA Coins
What is RWA and Why is it Important for DeFi?
RWA Tokenization on a Large Scale Not Feasible Yet?
More About RWA: What Are the Benefits of Asset Tokenization?
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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