The altcoin market is currently holding steady despite some pullbacks. Bitcoin is hovering around $102,000, and Ethereum has jumped back above $2,500.
The altcoin market is currently holding steady despite some pullbacks. Bitcoin is hovering around $102,000, and Ethereum has jumped back above $2,500.
XRP has risen by 20% over the past week, and many other altcoins are also moving up. Some short-term pullbacks may occur, but overall momentum remains positive, especially if Bitcoin trades sideways. This market stability also now sets the stage for specific narratives like Real World Assets (RWAs) to shine.
RWAs could be one of the biggest stories of this bull run. In fact, the market value of RWA tokens recently crossed $40 billion, and big financial firms like BlackRock are getting involved. Here are four promising RWA projects:
Ondo Finance is currently one of the top RWA projects in the crypto world. It focuses on offering tokenized assets backed by short-term US treasuries. Ondo is also building its own blockchain, called the Ondo Chain, to make it easier for people to trade tokenized US stocks and ETFs.
Right now, the ONDO token is trading below $1, offering a great buying opportunity. ONDO’s all-time-high sits at $2.14.
Plume is a newer project with growth potential. It’s getting ready to launch its mainnet very soon, possibly this month or in June. Plume focuses on making it easy for people to invest in tokenized real-world assets.
While it’s still a smaller project, with a market cap under $400 million, it has already gained attention from major exchanges like Binance. The PLUME token is currently trading around 18 cents and analysts predict it could soon hit $0.50.
Clearpool is a decentralized credit platform that offers undercollateralized loans — meaning borrowers don’t need to lock up a huge amount of collateral. It’s already issued loans worth over $784 million. Clearpool recently launched a new Layer 2 network called Clearpool Prime, designed to make RWA investments easier and more secure.
Clearpool is currently down by more than 5% and is trading at $0.16. The next important resistance level sits at $0.20.
Polytrade (TRADE) is a small Real World Asset (RWA) project with a market cap of $9.5 million, making it a higher-risk but potentially high-reward investment.
Despite reaching an all-time high of $3.30 in April 2024, the token currently trades around $0.23. With only 41 million of its 100 million total tokens in circulation and low current trading volume, interest in Polytrade could grow during the ongoing bull market.