Altcoins
5 Real Asset Altcoins to Invest in July Amid Market Volatility
The Real World Resources (RWA) links cryptocurrencies to physical and intellectual property such as gold and real estate. Despite the current market volatility, this niche maintains a market cap of $6.21 billion, a slight decline of 5.2% over the past day. Investors looking for stable opportunities in July should consider Pendle (PENDLE), MANTRA (OM), Ondo (ONDO), and XDC Network (XDC).
1. Pendel (PENDLE)
Pendle (PENDLE), a pioneering platform, facilitates tokenization and trading of potential returns via a unique Automated Market Maker tailored for time decaying assets. This innovation provides investors with greater flexibility and strategic opportunities regarding future returns.
Pendle Price Chart
As of today, Pendle is priced at $3.49, with trading activity in the last 24 hours reaching $84 million. Currently, It hangs has dropped 6.52% since yesterday. Ranked at number 102 on CoinMarketCap, its market cap has reached $543 million. The broader cryptocurrency market has been in a phase of consolidation this week.
This follows a recent downturn, stabilizing the volatile market. In the last year, Pendle has increased in value by an impressive 250% or more, marking it as a significant asset amid the ongoing market fluctuations.
2. MANTRA (OM)
MANTRA (OM), an innovative Security RWA Layer 1 Blockchain, is designed for effortless integration and compliance with existing regulatory frameworks. Aimed at institutions and developers, it offers a permissionless infrastructure that scales effortlessly with permissioned applications.
The current price of MANTRA is $0.9086, representing a 4% daily increase and a 14% weekly increase, indicating strong bullish momentum in the market. Ranked 77th on CoinMarketCap, MANTRA Price boasts a market capitalization of $752 million.
3. Wave (WAVE)
Ondo (ONDO) continues to shape the trajectory of Ondo DAO, consistently aligning with its mission to democratize high-end financial services. This organization grants ONDO token holders specific advantages in dealing with Flux Finance, which Ondo DAO operates. As BlackRock explores the tokenization of Real World Assets (RWA), the focus shifts to Ondo Finance.
Ondo Finance’s leading cryptocurrency has seen an impressive 467% increase in value over the past year. This growth has significantly increased ONDO’s presence in the market, which now reflects a doubling in size. The movement of significant amounts of tokens from exchanges by large investors, often referred to as whales, suggests a strong belief in the potential of asset-backed tokens.
ONDO is trading at $0.9174, down slightly by 1% following recent market fluctuations. Ranked 57th on CoinMarketCapONDO’s current market cap is $1.2 billion. As market enthusiasm remains strong, projections indicate that WAVE could hit new highs in July, positioning itself as a top altcoin for real-world investment amid continued market volatility.
4. XDC Network (XDC)
XDC Network (XDC) integrates a hybrid blockchain system, combining the openness of public networks with the efficiency of private ones. It is designed to enhance financial services with advanced blockchain technology and robust infrastructure. The network enables fast transactions while ensuring interoperability and enhanced security through its unique XDPoS consensus protocol.
XDC Price Chart
The price of XDC has dropped 1% to $0.00286 over the past 24 hours. Despite the small decline, XDC Network’s solid structure keeps it a top choice for investing in real-world asset (RWA) cryptocurrencies. It is ranked 126th on CoinMarketCap, boasting a market cap of $427 million. This positioning underscores its stability and potential in a volatile market.
Bottom lines
In light of the current market volatility, RWA Tokens such as Pendle, MANTRA, Ondo and XDC Network represent viable investment alternatives. Their connection to tangible assets provides a measure of stability and potential growth.
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Frequently Asked Questions (FAQ)
RWAs are tangible and intangible physical assets, such as real estate and stocks, digitized as blockchain tokens.
RWAs are physical assets, while cryptocurrency values fluctuate based on market dynamics, such as scarcity and network size.
RWAs are divisible, fungible tokens tied to physical assets, unlike NFTs which are one-of-a-kind and indivisible.