5 RWA Cryptocurrencies To Buy On The Cusp Of Turning $5,000 Into $250,000 Starting June
Investors looking for Real World Assets (RWA) cryptocurrencies to buy and potentially turn $5000 into $250,000 are in for a treat. Despite the crypto industry’s successes, connecting the digital world with real-world assets has been tough. These digital assets are backed by real things like real estate or commodities, blending blockchain tech with real-world value.
For investors aiming to grow $5,000 into $250,000, the next few months could be promising. Here are five RWA cryptocurrencies to think about adding to your portfolio for a big boost.
1. Cryptocurrencies To Buy – Ondo (ONDO)
Ondo finance is a DeFi protocol that aims to bridge the gap between the decentralized world and the traditional finance world. Ondo is a leader in the RWA tokenization sector, delivering on-chain access to bond markets, making it one of the best cryptocurrencies to buy now.
With a $1.6 billion market cap, ONDO price is sitting at $1.13, which is a 17% increase in the past 7 days.
ONDO price has been steadily rising over the past 30 days, signaling strong growth in the project. Equally bullish is the daily trading volume, which is up 18% in the past 24 hours, signaling a recent rise in market activity.
Blackrock is using the Ondo platform to tokenize its first on-chain fund, BUIDL, which, as of the end of April, has $350 million in assets under management. These impressive stats make Ondo one of the best RWA cryptocurrencies to buy in 2024.
2. TrueFi (TRU)
TrueFi is also a DeFi protocol, specializing in uncollateralized lending, and through its platform, brings RWA tokenization on-chain. On March 25, 2024, TrueFi unveiled its lending protocol for RWA tokenization, and the result was a 23% jump in the TRU price.
Coming in at a $241 million market cap, TrueFi offers investors a big opportunity to make a killing in the market.
According to Coingecko, the overall market sentiment for TRU is bullish, with 94% of users giving the project a thumbs up. The TRU price is on an upward trajectory, gaining 69.4% in the past 7 days.
The surge in price is expected to continue as the RWA industry continues to mature. TrueFi has a total of $38,000 in TVL, making it a young player in this niche and a potential gem.
3. Clearpool (CPOOL)
Clearpool is a cross-chain protocol whose main goal is to provide enhanced DeFi and provide institutions with uncollateralized liquidity. Currently, it has a market cap of $107 million and a TVL of over $4 million. TVL is a measure of how much investors trust a platform or protocol.
Early investors in CPOOL are now over 10x in profits, even at the humble market cap figure.
CPOOL price has been on an uptrend, although in the past 7 days, the asset has experienced some pullback. Coingecko users give CPOOL a 100% thumbs up, showing they are bullish on the project.
This is confirmed by the 31.8% surge in the 24-hour trading volume of the RWA cryptocurrency. Having a smaller market cap and bigger TVL is a flex, and it makes CPOOL a good RWA cryptocurrency to buy if you want your portfolio to explode to 6 figures.
4. Pendle Finance (PENDLE)
Pendle Finance is also a DeFi protocol that stands out for offering yield tokenization. On Pendle, you can tokenize future yield received from other DeFi platforms and create tradable yield tokens (TYTs). The Pendle price has risen over 18,000% since its all-time low in November 2022.
The price has been on an uptrend with periodic healthy dips that provide buyers with opportunities to accumulate. With a market cap of $942 million, Pendle TVL has crossed $6.1 billion, making it the biggest RWA cryptocurrency so far on this list.
PENDLE price is down 1.9% in the last 7 days, a cool-off from the 39% gains it made since May began.
5. OriginTrail (TRAC)
OriginTrail is an RWA tokenization platform with a touch of Artificial Intelligence. Using its trusted knowledge infrastructure (AKA the Decentralized Knowledge Graph), OriginTrail is making sure the origin of information is accurate. This goes a long way in enabling the discoverability of real-world asset data.
OriginTrain has a TVL of $1.73 million, compared to its market cap of $343 million. This is a decent balance that shows the makings of a healthy project.
TRAC price has also been on an uptrend, albeit it is currently revisiting a zone of support. Investors may be interested in adding their bags at these levels in preparation for the next bull run.
While opinions among Coingecko users about TRAC are divided, the cryptocurrency has experienced a significant surge in market activity, with its 24-hour trading volume increasing by over 28%.
Conclusion
These are RWA cryptocurrencies to buy that may boost your portfolio significantly from June. The RWA sector is still young and maturing fast. First-mover projects such as the ones on this list will be among the greatest gainers. As you choose a RWA cryptocurrency to buy, ensure you do thorough research.
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