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RWA Sector: Pendle (PENDLE), MANTRA (OM), Ondo (ONDO), and XDC Network (XDC) Should Be on Your Radar This July

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2024-07-11 21:32:411105browse

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).

RWA Sector: Pendle (PENDLE), MANTRA (OM), Ondo (ONDO), and XDC Network (XDC) Should Be on Your Radar This July

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)

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