- Ben Armstrong identifies ONDO, Pendle, GFI, and RIO among RWA tokens with the potential to explode.
- GFI trades at $4.55, surging by more than 270% in the last four weeks.
- In Q1, investors witnessed an average gain of 285% in the RWA token space.
Bitcoin (BTC) has reignited optimism in the market as it has moved dramatically within the last 24 hours to reclaim the $72K threshold. While Bitcoin opens the bull market doors, experts have argued that certain narratives in the crypto sphere, like Real-World Asset (RWA) tokens, are poised to be more profitable for investors.
In a recent post on X, well-known market analyst, Ben Armstrong, declared that RWA is the future, asserting that the narrative would offer investors more easy gains than others. Armstrong singled out four mid-cap tokens in this space that are worth considering. They include Ondo Finance (ONDO), Pendle, Goldfinch (GFI), and Realio Network (RIO).
Notably, Ondo Finance provides top-tier investment products utilizing blockchain technology for institutional clients. The native token, ONDO, was launched for trading in January and has achieved a market cap of $1.15 billion. Currently, ONDO is trading at $0.8324, with a 33% gain over the past month.
Likewise, Goldfinch (GFI) operates as a global credit protocol, offering stablecoin returns derived from sustainable real-world economic endeavors. Goldfinch’s token is currently valued at $4.55, surging by more than 270% in the last four weeks. GFI boasts a market cap of $133 million
Also, Realio Network (RIO) and Pendle operate tokenization platforms, providing similar services to investors. Over the last month, PENDLE and RIO tokens have grown remarkably, surging by over 100%.
These upward trajectories observed for the four tokens reflect the optimism on Real World Asset tokens. Recent reports reveal that RWA tokens were the second most lucrative crypto narrative in the first quarter of 2024. Investors have witnessed an average gain of 285%.
Additionally, a report from the Boston Consulting Group forecasts that the tokenized asset market will soar to $16 trillion by 2030. This projection continues to bolster optimistic sentiments among industry experts regarding tokens providing solutions within the sector.
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