Altcoins
Chainlink, RDAC, ONDO: These 3 RWA Altcoins Could Rebound After US Fed Rate Cut
By connecting real-world data with blockchain technology, Chainlink is essential to driving the adoption and integration of RWA into the decentralized finance (DeFi) landscape.
Anticipation of a US Fed rate cut, coupled with the potential approval of Ethereum ETFs, could further boost investor confidence, potentially pushing Chainlink price to new highs. LINK is forecast to trade between $11.71 and $27.61 by the end of 2024, reflecting growing confidence in its ecosystem.
Redacted ($RDAC): Aims to be the Google AdSense of Web3
Redacted (RDAC), a lesser-known but powerful player in the RWA space, focuses on building an infrastructure for decentralized finance (DeFi) governance and treasury management.
The proven track record of the management team, which has launched NFTs with over $40 million in trading volume, further strengthens confidence in RDAC’s potential. Furthermore, the recent $10 million funding round led by prominent investors such as Spartan VC, Animoca Brands, and Polygon Ventures, underscores strong market confidence.
As lower interest rates typically push investors toward higher-yielding assets, RDAC’s diverse ecosystem, fueled by the $RDAC token, is set to attract significant interest.
Its innovative approach to aggregating on-chain and off-chain data locations makes RDAC a key player in the evolving RWA landscape.
Leveraging blockchain and AI, Redacted’s complete gaming and entertainment ecosystem is supported by a data protocol to deliver richer, more targeted user experiences and business opportunities for web3 and dApp companies.
The high-energy startup has amassed over 250,000 followers in just a few weeks, with more than 150 of Web3’s top “Who’s Who,” including Dingaling and Grail, posting “censored” profile pictures to show their support for the company’s vision.
Redacted has recently raised 10 million dollars funding from some of the biggest names in the industry in an investment round led by Spartan Group, with participation from Saison Capital, Animoca Brands and Polygon Ventures.
A U.S. Fed rate cut could lower borrowing costs, making it cheaper for investors to leverage capital into DeFi platforms like Redacted, potentially boosting RDAC’s value. Additionally, broader acceptance of tokenized assets could attract institutional investors, further boosting its market cap.
Ondo Finance (ONDO)
Ondo Finance is a pioneering platform in the decentralized finance (DeFi) space, focused on providing secure, high-yield investment products through the tokenization of real-world assets.
Ondo Finance offers innovative solutions such as tokenized treasuries, which allow investors to gain exposure to traditional fixed income assets through blockchain technology. This approach not only democratizes access to these investment opportunities, but also improves liquidity and efficiency in the market.
In the RWA space, Ondo Finance plays a crucial role in bridging traditional finance with the DeFi ecosystem. By tokenizing treasuries and other fixed income assets, Ondo Finance provides investors with a reliable and transparent way to diversify their portfolios with real-world assets on the blockchain. This tokenization process improves the accessibility and liquidity of traditionally illiquid assets, making them more attractive to a wider range of investors.
The project’s collaboration with major financial institutions to tokenize and trade real-world assets on-chain is a crucial growth catalyst. With the potential for a U.S. Fed rate cut, lower interest rates could increase the attractiveness of Ondo’s yield-generating products, driving more capital into its ecosystem. Additionally, the approval of Ethereum ETFs could facilitate easier access to ONDO tokens for traditional investors, potentially increasing demand and driving up prices.