Contents
Whales of RWA tokens are acquiring POLYX, OM, and ONDO in anticipation of 100X gains in 2024, as the RWA sector continues to rise thanks to BlackRock’s BUIDL fund.
Key Points
- The BUIDL fund from BlackRock greatly increases investor interest and the RWA industry.
- It is believed that the best investments for possible 100X profits are POLYX, OM, and ONDO.
- Strategic testnets and whale activity indicate strong momentum in RWA tokens.
For investment, trade, or collateral purposes on the blockchain, the Real-World Asset (RWA) industry digitizes physical assets. A major boon to the RWA industry has come from BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL).
Major investors seeking exponential profits have taken notice to RWA initiatives thanks to this move. For those hoping to see a 100-fold increase in value in 2024, tokens like as ONDO, OM, and POLYX are rising to the top of the list.
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1. Ondo (ONDO)
In order to keep the Ondo DAO’s fundamental goal of making elite financial solutions accessible to everyone, the Ondo (ONDO) stakeholders play a crucial role in guiding the organization’s path. Ondo DAO owners have special access to Flux Finance, which is run by the Ondo DAO. Ondo Finance is in the limelight as BlackRock steps into the world of Real World Assets (RWAs) tokenization.
The value of ONDO, the main cryptocurrency of Ondo Finance, has increased by 90% in the span of a month, marking a truly extraordinary spike. Thanks to its meteoric rise, ONDO’s market presence has grown, and the company’s size has doubled in the past few months. By withdrawing massive amounts of ONDO from exchanges, significant investors, also known as “whales,” have demonstrated a strong interest in the coin. The rising popularity of tokens linked to physical assets is a clear indication of this trend.
At the moment, one ONDO token is worth $0.8561, a little decrease of 7.46%. On the live market, ONDO is worth $1.2 billion, putting it in the 90th spot on CoinMarketCap. In 2024, the value of ONDO could potentially hit new heights, as the positive momentum keeps building.
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2. Polymesh (POLYX)
After BlackRock entered the tokenized asset market, the popularity of Polymesh (POLYX), a blockchain designed for regulated asset transactions, skyrocketed. Users can cover transaction costs, participate in network security through staking, and contribute to governance decisions on this platform that is dedicated to institutional use and regulated by its native token, POLYX.
The addition of BlackRock to the Ethereum tokenized asset has generated a lot of buzz around Polymesh, driving its value up 146% in a week’s time. This increase suggests a possible ascent past the $0.57 threshold, highlighting the increasing interest in crypto tokens linked to the regulated asset sector.
Despite a 10% decline in the last day, Polymesh is now trading at $0.5755. With a market cap of $486 million, it boasts a position of 171 on CoinMarketCap. Even as the cryptocurrency market attracts more investment and scrutiny from large financial institutions, this dynamic underscores the industry’s inherent volatility.
3. MANTRA (OM)
Engineered to seamlessly integrate and comply with existing regulatory frameworks, MANTRA (OM) is a pioneering Security RWA Layer 1 Blockchain. The platform’s permissionless architecture makes it easy to support permissioned apps, and it was designed with developers and institutions in mind.
In an effort to creatively combine DeFi with conventional financing, MANTRA has lately developed its Hongbai Testnet. To make sure it works with any blockchain, MANTRA has adopted the Cosmos SDK and the IBC protocol. This strategic move aims to reshape asset interaction in the financial sector by targeting the massive $16 trillion RWA market.
At its current price of $0.816, MANTRA has had an impressive rise of 13.07% in the past 24 hours and a staggering 281% in the past 30 days. The market is experiencing strong bullish momentum, as indicated by this trend. With $648 million in market capitalization, it is now 136th on CoinMarketCap.
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Conclusion
Real World Asset (RWA) tokens like ONDO, OM, and POLYX are generating a lot of buzz because of the huge gains they might potentially achieve. The volatile character of the cryptocurrency market is on full display as huge investors buy up these tokens, raising expectations for how they will do in 2024.
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