5 Real-World Assets Altcoins to Invest in July Amid Market Volatility
07/08/2024 23:54Unveil key altcoins to invest in this July amidst market fluctuations. Pendle, MANTRA, Ondo, and XDC Network stand out in the RWA sector.
The Real World Assets (RWA) sector connects cryptocurrencies with physical and intellectual properties such as gold and real estate. Despite current market instability, this niche maintains a $6.21 billion market cap, a slight decline of 5.2% in the last day. Investors looking for stable opportunities in July should consider Pendle (PENDLE), MANTRA (OM), Ondo (ONDO), and XDC Network (XDC).
1. Pendle (PENDLE)
Pendle (PENDLE), a pioneering platform, facilitates tokenizing and trading prospective yields through a unique Automated Market Maker tailored for time-decaying assets. This innovation grants investors enhanced flexibility and strategic opportunities concerning future yields.
As of today, the price of Pendle stands at $3.49, with trading activity over the last 24 hours reaching $84 million. Currently, Pendle has declined by 6.52% since yesterday. Positioned at number 102 in the CoinMarketCap rankings, its market capitalization has hit $543 million. The broader cryptocurrency market has been experiencing a phase of consolidation this week.
This follows a recent downturn, stabilizing the volatile market. Over the past year, Pendle’s value has impressively climbed by over 250%, marking it as a significant asset amid ongoing market fluctuations.
2. MANTRA (OM)
MANTRA (OM), an innovative Security RWA Layer 1 Blockchain, is designed for effortless integration and adherence to existing regulatory frameworks. Targeting institutions and developers, it offers a permissionless infrastructure that effortlessly accommodates permissioned applications.
The current price of MANTRA is $0.9086, representing a daily increase of 4% and a weekly rise of 14%, indicating strong bullish momentum in the market. Positioned 77th on CoinMarketCap, MANTRA price boasts a market capitalization of $752 million.
3. Ondo (ONDO)
Ondo (ONDO) continues to shape the trajectory of the Ondo DAO, consistently aligning with its mission to democratize top-tier financial services. This organization grants ONDO token holders specific advantages in dealing with Flux Finance, which the Ondo DAO manages. As BlackRock explores the tokenization of Real World Assets (RWAs), attention turns towards Ondo Finance.
Ondo Finance’s primary cryptocurrency has experienced an impressive 467% increase in value over the past year. This growth has significantly boosted ONDO’s market presence, now reflecting a doubled size. The shift of substantial amounts of the token off exchanges by major investors, often referred to as whales, suggests a solid belief in the potential of asset-backed tokens.
ONDO is trading at $0.9174, with a slight 1% decrease following recent market fluctuations. Ranked 57th on CoinMarketCap, ONDO’s current market cap is $1.2 billion. As the market’s enthusiasm remains strong, projections indicate that ONDO could reach new heights in July, positioning it as a prime Real-World Asset Altcoin for investment amid ongoing market volatility.
4. XDC Network (XDC)
XDC Network (XDC) integrates a hybrid blockchain system, blending 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 swift transactions while ensuring interoperability and improved security through its unique XDPoS consensus protocol.
The price of XDC has decreased by 1% AT $0.00286 in the past 24 hours. Despite the small dip, XDC Network’s solid structure keeps it a prime choice for investing in real-world assets (RWA) cryptocurrencies. It ranks 126th on CoinMarketCap, boasting a market capitalization of $427 million. This positioning underscores its stability and potential in a volatile market.
Bottom Lines
In light of ongoing market volatility, RWA tokens such as Pendle, MANTRA, Ondo, and XDC Network represent valuable investment alternatives. Their connection to tangible assets provides a measure of stability and potential growth.
Frequently Asked Questions (FAQs)
RWAs are tangible and intangible physical world assets like real estate and stocks, digitized as blockchain tokens.
RWAs are physical assets, whereas cryptocurrency values fluctuate based on market dynamics like scarcity and network size.
RWAs are divisible, fungible tokens tied to physical assets, unlike unique, indivisible NFTs.
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