$PRO Massive Breakout Underway From Descending WedgeMassive breakout underway for Propy as it pushes through its descending wedge on the Daily.
Yesterday NYSE:PRO got its biggest influx of buying volume in 6 months, largely in part to this whale typing 😉
Propy has been building the RWA real estate narrative since 2017.
It’s a micro-cap sitting at $60m on BASE.
Kind of a no-brainer to put in your portfolio here.
RWA
ONDO BREAKOUT Since the beginning of June ONDO has been in a downtrend that saw a -66% move to the downside. Now 111 days later price has broken out of the trend channel, showing a +15% move from the breakout.
The daily candle is currently trying to close above the 1D 200EMA, a convincing close above the MA would be extremely bullish having now cleared the major resistances and the trend is flipping bullish.
Bullish targets would be:
- Local high (LTF) $0.808
- Daily resistance (1D) $0.901
- Key S/R level (1D) $1.048
- ATH $1.50
Stop Loss:
- Local low (downtrend continuation) $0.58
ONDO being one of the standout RWA projects has a great R:R here for the next 6-12 months. Definitely a coin worth keeping an eye on.
POLYX ( RWA ) project macro analysis ⏰Expecting potential 15x from here 📌+1500%
📌 Not expecting weekend candle close below the red box ☑️
>< Present price $0.48 :-: but :-: anything below $1 is gift 🎁 from God 💟
" No logic ❌ only magic ✨ bcs " RWA " sector hype goon take this more than OKX:RIOUSDT
👉🏾 Follow and save article with boosting 🚀 for future updates 🚨
💰 Returns calculated from present price
Integration of RWA---- MKRIf you think we're still in a bull market and want to find a track for Alpha, then RWA must be the place with better soil and fertilizer. The near-listing of the ETH ETF and the impending easing of monetary policy will provide a large amount of funds for the crypto. These funds are mainly asset management companies and enterprises. They will look for compliance risk targets to increase their crypto positions. Apart from directly holding BTC and ETH, what I can think of is the RWA track.
Probably in the last few weeks, you can see an increase in the number of news mentions about RWA on social media. Some asset management companies that issue BTC ETFs have begun to get involved with RWA. We mentioned the leading projects in the RWA track a few months ago, such as MKR and ONDO. But unlike at that time when they were fighting separately, today's RWA track is becoming more and more integrated as a whole.
Today, let’s take another look at MKR. As one of the protocols with the highest revenue in the crypto market, MakerDAO received an impact from the challenger ONDO in 2024, and due to miscalculation and increased USDe positions, many DeFi protocols increased their vigilance towards DAI. This has also caused the price of MKR to enter a continuous decline since April. Aging and opposition do not lead to improvement.
Recently, MakerDAO changed its original strategy and expressed its willingness to use US$1 billion in investment and US Treasury bond products from its treasury. The move attracted a number of RWA protocols, including BlackRock and original contender ONDO. The market interpreted this as MakerDAO’s strategy for ONDO changing from confrontation to complementarity. Benefiting from this, MKR prices have rebounded in recent days.
After talking about the changes in fundamentals, let’s take a look at the reaction on the indicators. Earlier than MKR’s policy change, the TSB indicator prompted a BUY signal on July 11. After that, MKR started an upward trend and broke through the 4h-high of 2600. The current column is far away from the wavy area of the TSB indicator, and the bullish trend is healthy.
Introduction to indicators:
Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated.
KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Perfect Pullback!The areas I am interested in for a long trade would be around $0.90 cents to retest the weekly or flipping $1 into support.
Targets for both would be the Value Area High of the upper range.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.
VETUSDT : VeChain Breaks Out of Descending Trendline
VeChain is currently at a critical point, showing signs of potential upward movement and a strong support base. The chart indicates a recent upward trend following a prolonged decline.
Resistances and Support:
Resistance I: Around $0.02850, where the price might face difficulties breaking through.
Resistance II: Near $0.03355.
Support: Located at $0.02037, an important level that could hold the price in case of a decline.
The Stochastic RSI shows that VET is currently in an overbought zone, which could indicate a possible short-term correction.
Fibonacci levels suggest potential areas of support and resistance. The 0.618 level at $0.04772 is particularly important for the continuation of the upward trend.
VeChain has stood out with strategic partnerships including companies like BMW, Walmart China, and major telecommunications operators such as AT&T, T-Mobile, and Verizon. These partnerships are focused on areas such as supply chain tracking, food safety, and preparation for 5G networks (Crypto News Flash).
Recently, analysts predicted significant upside potential for VET, with estimates that the price could reach $1.80 by October 2024, based on detailed Fibonacci analysis and other technical indicators. VeChain has also launched important technological products such as the VeWorld Mobile wallet and the VORJ digital asset platform, promoting the adoption of Web3 technology
LOW CAP GEMS - DIMITRA (DMTR)In this series I will be breaking down and analysing projects that are <$100m in market capitalisation (at time of post).
- PROJECT OVERVIEW
Dimitra Incorporated is a global Agtech company with a mission to help smallholder farmers across the world. Operating on the Ethereum blockchain, the name derives from Demeter, the Greek Goddess of the harvest and agriculture. Dimitra works with governments, government agencies, NGOs, and for-profit organizations. The Dimitra platform is built on blockchain technology and incorporates mobile technology, machine learning, IoT devices, satellite and drone imagery, genomics, and advanced farming research. Through our data driven approach, Dimitra helps farmers increase yields, reduces expenses, and mitigates risk. Dimitra believes that every smallholder farmer, regardless of economic standing, should benefit from simple, beautiful, and useful technology. With 100K+ users currently and growing it's the largest cryptocurrency to deal with agriculture of it's kind.
- ROADMAP
Dimitra has ambitious and impactful goals. The goal is to grow our platform to 100 million smallholder farmer users within the next 4-years. They already have agreements in place with 8 countries but there is a long way to go to reach their goal.
- TEAM
Dimitra has 123 team members in total including CEO and Founder Jon Trask. He is the winner of the 2023 Government Blockchain Association Annual Achievement Award in the “Social Impact” Category!
- PARTNERSHIPS
Global projects operating in 14+ countries with partners in 68 countries.
In terms of exhange listings they are partnered with one tier-1 exchange in Kucoin, as well as Gate.IO, BitMart, Bittrex, Uniswap and more. However, they are not listed on Binance or Coinbase, once this does happen it will open up the opportunity for a much larger population of potential buyers.
- PRICE TARGETS
It's easy for people to throw outlandish price targets out there in the world of crypto without much reference to how they got to that conclusion. I prefer to compare Market Caps in order to derive token prices.
Looking back at the previous Bullrun, alts hit very high MarketCaps before falling back to 'fair value'. For this I'll use current MCap and Bullrun MCap for a guide, DMTR is currently #484' on MCap:
- Oraichain (ORAI) #343
Price target: $0.35 (2.1x)
- PAAL AI (PAAL) #226
Price target: $0.49 (x2.95)
-Ocean protocol (OCEAN) #135
Price target: $1.05 (x6.24)
- Fetch.ai (FET) #51
Price target: $4.43 (x26.33)
- Cardano (ADA) #10
Price target: $33.74 (x197.65)
I've used other AI projects and a top 10 crypto to show how DMTR could move up the leaderboard and what that would mean for token price.
- SUMMARY
Dimitra is an exciting project with genuine real world value, aiming to tackle a very important problem we have on this planet and that's providing Food to the increasing population of earth. The tokenomics could be better as there is only 41% circulating supply, however with a growing interest by large entities such as BlackRock for RWA's and AI projects we could see a considerable investment in a project like DMTR in the future. Having broken out of a multiyear accumulation phase recently I think DMTR will be a very strong performer
- RATING
8/10
- SOURCES/b]
dimitra.io
coinmarketcap.com
marketcapof.com
TokenFi: June 10th, 2024Hello dear traders.
Considering that a weekly level (i.e. red) is being defended, I think this is a great longing opportunity. Having swept some lows, the structure at the lows is interesting as well. The FVG is holding the price for now, and I always like to long into fear-inducing candles if the bullish structure is defended.
I hope this idea is useful.
Parcl $PRCL - RWA gem on SOLParcl (PRCL) is a decentralized real estate project built on the Solana blockchain. It allows users to invest in digital square feet of real estate in various cities around the world.
The Parcl project provides tools for speculation and hedging in the real estate market by offering indices for various cities. Users can trade debt or short positions depending on their forecasts for rising or falling real estate prices in selected cities. A key element of the Parcl ecosystem is the PRCL token, which serves to manage the protocol and provides various benefits to holders, such as voting rights in protocol management decisions and access to improved data and trading incentives within the ecosystem. The Parcl project has attracted attention due to its unique concept of allowing users to invest in real estate digitally and the ability to trade in the real estate market using blockchain technology.
Team
The Parcl team is a diverse group of people with experience in a variety of fields including Wall Street, big tech, and PhD-level research. The team consists of 14 talented individuals and plans to expand. Some of the most notable members of the team include:
Trevor Bacon - Founder and CEO of Parcl. Trevor has a background in finance and technology, has worked at several hedge funds and has been involved in blockchain and cryptocurrencies for over five years.
Kellan Grenier is co-founder, COO and head of strategy at Parcl. Kellan has nearly a decade of experience as an investment analyst in traditional finance (TradFi).
Jason Lewris - Co-founder and Chief Data Officer at Parcl, Jason has a background in data science and machine learning, having worked at Microsoft and Deloitte.
Together, the team developed the Parcl protocol, a decentralized real estate trading platform built on the Solana blockchain. The protocol allows users to trade price movements in real estate markets around the world via city indices. Parcl has also received strategic investments from prominent companies and investors including Fifth Wall, JAWS, IA Capital, Eberg Capital and SkyBridge Capital. These investments have helped the team to expand and further develop the Parcl ecosystem. The Parcl team aims to democratize access to global real estate investing and create a culture of continuous growth and collaboration.
Tokenomics
The Parcl token distribution plan is designed to incentivize and reward the community, early supporters and advisors, and to promote the growth and development of the Parcl protocol. The plan includes initial distribution to the community, ongoing distribution to the community, growth and incentives, and allocations to early adopters and advisors.
1. Initial Community Distribution:
8% of the total volume (80,000,000 PRCLs) distributed to community members. 75,000,000 PRCLs (7.5% of total) distributed to early adopters of the Parcl protocol. 5,000,000,000 PRCL (0.5% of total) distributed to core members of the Parcl community.
2. Ongoing Community, Growth, & Incentives: 28% of the total (~280,000,000,000 PRCL) is reserved in the treasury for the protocol's key goals. These goals include infrastructure, growth, partnerships, and continued incentivization of the network.
3. Early Supporters & Advisors:
- 28% of the total supply (~280,000,000 PRCL) is set aside for early supporters and advisors. These tokens are unlocked over a 3 year period with a 1 year break.
4. Core Contributors:
- 21% of the total (~210,000,000,000 PRCL) is distributed to core contributors. These tokens vest and unlock over 3 years, with a 1 year break.
5. Ecosystem Fund:
- 15% of the total proposal (~150,000,000 PRCL) is set aside in a portion dedicated to ecosystem development. This fund is intended to incentivize the long-term growth and development of Parcl's ecosystem. The tokens in this fund will be used to improve the performance of liquidity providers (LPs) and traders, increase the liquidity of protocols, and incentivize developers to create valuable Parcl-based products.
Utility
Governance
The PRCL token will govern some aspects of the protocol and decentralized trading application. Users will use the token to vote on critical changes to risk parameters and protocol architecture. The governance structure is expected to be implemented by the end of 2Q24.
Data functionality
PRCL token holders will have access to best-in-class institutional-quality real estate data through an API developed by Parcl Labs. Over time, users who maintain the required level of PRCL in their connected wallets will continue to access the API.
Network Incentives
Parcl token holders will have the opportunity to participate in perpetual network incentives (e.g., points) shortly after the first distribution event. These incentives are designed to encourage and reward eligible PRCL holders for their participation and contribution to the Parcl ecosystem.
RWA
Real World Assets (RWA) in the context of Parcl refers to the tokenization of real world real estate prices on the Solana blockchain. Parcl is a decentralized perpetual exchange focused on real-world real estate prices and offers real-world index markets for speculation or hedging. The platform allows users to access the world's largest asset class - real estate - through “city indices,” which are the median price per square foot/meter aggregated at the city or neighborhood level.
Parcl's approach to tokenizing real world assets is groundbreaking and aims to democratize access to global real estate investing. The innovative use of decentralized smart contracts with perpetual futures allows users with as little as $1 to access price movements in real estate markets around the world, making the platform accessible to a wide range of investors.
The integration of real-world assets into the blockchain ecosystem represents a significant step towards tokenizing traditional financial assets, offering new opportunities for investment and risk management in the real estate sector. Parcl's focus on real estate RWAs positions the company as a key player in the emerging landscape of decentralized finance and blockchain technology.
Conclusion
Looking forward, Parcl's focus on RWA real estate positions it as a key player in the emerging landscape of decentralized finance and blockchain technology. The platform is committed to its mission of making real estate accessible to all by providing access to the price points of real estate markets with no minimum requirements, high liquidity, and low transaction fees. With continued development and support from the community, Parcl is well-positioned to continue its growth and innovation in real estate tokenization. Overall, the main drawbacks include the large competition in the real estate market and the lack of a license, which is crucial in the RWA sector. However, the team, capitalization and Solana involvement are all positives that make this project undervalued. In addition, there is potential for listing on Binance.
token is now available for purchase on Bybit
Best regards EXCAVO
Ondo Ready For $3 Price Action
The main trend shows a significant rise from a low of around $0.35 to reach over $1.20, with the price currently hovering around $1.24. The next major resistance based on the Fibonacci Extension is around $1.95 (1.618) and $2.80 (2.618).
The price formed an ascending triangle pattern before breaking out upwards, indicating bullish strength. The pattern is supported by the dynamic support line of the trendline and breakout at around $1.23.
Indicator
- The price is above the 21 EMA, indicating strong short-term bullish momentum.
The 21 EMA also acts as additional dynamic support, currently located around $1.05.
- Stochastic RSI is at a medium level, neither overbought nor oversold, which indicates that there is still room for further increases before a potential correction.
Price Target
Using Fibonacci Extension, the next upside targets are at level 1,618 (around $1.95) and level 2,618 (around $2.80). These targets are based on previous movements measured from the last breakout of ascending triangle.
Overall market sentiment is bullish with prices consistently making higher highs and higher lows, indicating investor confidence in price moves higher. In conclusion, the Ondo chart shows strong bullish potential.
New King of RWA ---- ONDOThe RWA track is one of the most popular tracks in 2024. Especially after Trump expressed support for crypto and the approval of the ETH ETF. Traditional large asset management such as BlackRock and Franklin Templeton will pay more attention to this track. We also talked about token MKR, GFI, etc. in RWA track in our previous analysis. Today we take a look at the head protocol ONDO.
The entire RWA track has been developing slowly due to regulatory restrictions before. Market share is concentrated on MakerDAO. Since the BTC ETF was successfully approved at the beginning of this year, ONDO has quickly occupied mainstream chains such as Ethereum and Solana with its RWA products such as USDY and OUSG. In April, it reached a cooperation with BlackRock's BUIDL fund and holds a large number of BUIDL shares. This has a lot to do with ONDO's team composition. Different from traditional protocols, the core members in ONDO have working experience in traditional institutions such as Goldman Sachs, McKinsey, and BlackRock, which MakerDAO does not have.
Now that ETFs have been approved, more and more institutions are getting involved with crypto. They need an interest-bearing stablecoin with extremely high compliance and security. ONDO’s USDY meets the needs. Although MakerDAO occupies a large market share, ONDO is likely to surpass it and become the new king of RWA.
After a long period of fluctuation, bulls strengthened and ONDO started a new rise. As can be seen from the indicator area, at the 4h level, the TSB indicator prompted a BUY signal on May 21,, and then the pump started. If you used the TSB indicator and opened a long position, you would have made over 40% of unrealized profits. And the current column still remains above the wavy area, and the bullish trend is healthy.
Introduction to indicators:
Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated.
KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
ONDO - Fib ExtensionsOndo - ONDO
Sitting in the real world tokensiations of assets category, ONDO is technically already above this key 0.618 ‘golden-ratio’ area. Below are my bullish and bearish thesis from here.
Bullish scenario
Prices continue to consolidate, accumulate, and move higher to the previous high, the 1.272 ratio and 1.618 ratio from here.
Bearish scenario
Failure to hold above the 0.618 level (green box) would be bearish in my opinion and a failed breakout.
$CFG macro analysis ⏰ RWA project One of my favourite coin 📌 OKX:CFGUSDT
Don't BUY if price goes below red box 📍 which is danger ⚡ to coin 🪙 #cfg
Below $0.8 always BUY / accumulation
Target 1 = $2.6 in short term 📌
Target 2 = $5.4 in macro ( I may be target 1 also )
Pls DYOR , just follow article for future updates 📌 soon i will post many updates on this coin under this article/ analysis 📜
DUSK (THE RWA GEM)Although all the hype going around DUSK at this point, I think it was in a corrective bullish wave since Dec2022.
The best buying range for it would be between $0.065 : $0.035
The invalidation point is crossing $1
The confirmation is breaking $0.27
After this bearish wave competes I think DUSK will be targeting a new ATH from down there.
Rio Realio $Rio #Rio #RealioRWA's (Real world assets) Will be and have been a HUGE narrative in this cycle as well as will most likely be even bigger by next cycle and in the next cycle. Quite possibly besides gaming they will also be one of the few sectors that not only will survive the next Bear market AKA. Crypto Winter but may also end up being far less effected by it and or even end up growing and staying upwards during it.
There overall will someday be no real reason for true working projects and ideas to have a winter per say. As they will move with the market they entertain and will grow as the projects deliver real world use and or adoption.
At some point we will see gaming and RWA's that are winning actually hit highs during the Bear/Winter rather than in the peak of cycles. There are many reason for this to become true but i will save that for another post/charting upcoming.
IMO Rio will be one of the shining stars in this upcoming cycle and IMO we will easily see it hit $3-$5 ranges in the next few months followed by a possibly cycle top well beyond that.
IMO the current market cap is relatively small for what is coming for this space as well as the current popularity of this project.
IMO we are currently just in the first major distribution and consolidation phases for this project after having a major run from the start of this cycle.
Depending upon your time horizon and rather or not your looking to just trade this VS invest in it you can use the lines given for areas of key interest to BUY and SELL and or just BUY/DCA and wait for those longer term targets to show up for the real Gains/Profit's etc.
RWA sector research The relevance of real world assets (RWAs) has been an important topic of discussion in the financial and cryptocurrency industries recently. The concept of RWAs involves tokenizing tangible assets that exist in the physical world, such as gold, commodities, treasuries and real estate, on the blockchain. This innovative approach aims to increase market liquidity, accessibility and flexibility in investing in these assets, enabling fractional ownership and providing the potential for income and asset value growth.
Recently, the total value captured in the various RWA protocols has increased significantly, reaching record levels despite the general market downturn. This is indicative of the growing interest and investment in tokenizing real assets and that institutions and investors are exploring the benefits of blockchain technology for asset management and investment diversification.
BlackRock, the world's largest asset manager, announced a significant initiative to tokenize $10 trillion of its assets in partnership with Securitize and raising $47 million. The move underscores the industry's growing recognition of the potential for RWA tokenization to redefine investment strategies and significantly broaden the investment landscape. By breaking down barriers to investment and offering new levels of flexibility and accessibility, RWA tokenization has the potential to significantly expand the investment landscape.
Subcategories in RWA
The RWA sector has several prominent subcategories that contribute to its diverse and innovative ecosystem. These subcategories include DeFi, Onchain Treasury, Insurance, Collectibles, Ticketing, Infrastructure, Real Estate, Tokenization Networks, Networks, Tokenization Platform, and Environment. Each of these subcategories plays a critical role in the development and expansion of the RWA sector, offering unique solutions and opportunities for businesses and investors alike.
Let's look at some of the categories in the RWA sector below.
DeFi
Decentralized Finance (DeFi) in the RWA sector is a growing trend to bridge the gap between traditional finance and blockchain-based financial systems. Here's a list of some of the projects: Pendle, Grand Base, LandX, IX Swap, Dimitra, Stobox, MBD Financials.
These projects represent a variety of DeFi and RWA applications, from real estate (MBD Financials, Grand Base, LandX) and securities (Stobox, IX Swap) to agriculture (Dimitra) and financial services (Pendle). Their goal is to leverage the benefits of blockchain technology, such as increased transparency, accessibility, and efficiency, to create innovative financial solutions in the real sector.
Onchain Treasury
Onchain Treasury in the RWA sector is a significant development that bridges the gap between traditional finance and the blockchain ecosystem. It involves tokenizing and managing real-world assets such as treasuries, commodities, private equity, real estate, private credit, and more on a blockchain platform. This integration brings liquidity, fractionalization, and accessibility to assets that were previously less liquid and difficult to access for a wider range of investors.
The RWA tokenization process involves three main steps: Off-chain formalization, information interoperability, and supply and demand for the RWA protocol. This process involves moving off-chain assets onto the blockchain through tokenization, ensuring the transparency and integrity of the assets through smart contracts, and establishing a supply and demand balance for these tokenized assets in the cryptocurrency market.
At the moment, the on-chain RWA market has seen significant growth, with reports suggesting that the market value of on-chain tokenized treasuries has increased almost 10 times in just 15 months. This growth is supported by the participation of large financial institutions and the development of blockchain infrastructure specifically designed to ensure RWA compliance.
Onchain Treasury RWAs are not just a passing trend. They represent a fundamental shift in asset management, offering a more efficient and affordable way to manage and trade a wide range of assets. The movement towards on-chain RWAs is expected to continue, potentially replacing intermediaries and becoming a standard in the lifecycle of modern asset management.
Insurance
Insurance in the RWA sector is a critical component of risk management and protection for investors and companies operating in this space. The RWA sector involves the tokenization and management of real-world assets, such as real estate, commodities, and other tangible assets, on a blockchain platform. This process aims to improve the liquidity, accessibility, and efficiency of asset management and trading.
Given the significant value of assets involved in the RWA sector and the possibility of losing them due to theft, system failures, or other unforeseen circumstances, insurance plays an important role in protecting these digital assets. Several insurance solutions have emerged to meet the needs of the RWA sector:
Neptune Mutual is an innovative DeFi insurance solution designed to enhance the security of the DeFi sector and protect digital assets. It aims to provide coverage for various risks associated with DeFi smart contracts, risks specific to blockchain.
Nayms operates as an insurance marketplace on a blockchain that connects brokers and underwriters with cryptocurrency providers. It is regulated by the Bermuda Monetary Authority and offers tokenized insurance products, allowing investors to fund insurance accounts using cryptocurrencies and increasing liquidity in the insurance market.
The potential for the insurance sector to meet the cryptocurrency needs of the RWA sector is significant: it is estimated that blockchain technology could open the door to a $32.9 billion insurance market by 2031. This growth is driven by the increasing adoption of blockchain technology and the tokenization of real assets, which require robust insurance solutions to mitigate risk and ensure investor confidence.
As the RWA sector continues to grow and evolve, the demand for insurance products tailored to its unique needs is likely to increase, further integrating blockchain technology and traditional financial practices.
Ticketing
RWA ticketing is a new use case that could disrupt traditional ticketing systems through the use of blockchain technology. The OPEN Ticketing Ecosystem, launched in March 2024, is an example of innovation in this sector.
The OPEN Ticketing Ecosystem is set to revolutionize the $85 billion ticketing industry by moving all ticketing activity onto the blockchain. This is accomplished by utilizing the OPN token, which powers all ticketing activity on the chain and is traded on exchanges. The ecosystem offers a plug-and-play toolset that provides value at any scale, from small independent artists to large ticket operators, allowing them to issue collectible NFT tickets and manage their tickets on-chain.
Infrastructure
Infrastructure plays a critical role in bridging the gap between traditional finance and the blockchain ecosystem. This infrastructure allows real-world assets to be tokenized and managed on a blockchain platform, thereby making them accessible to a wider audience and facilitating more efficient and transparent financial transactions.
One key component of this infrastructure is the technology that enables the tokenization of real-world assets. This involves selecting an asset, such as real estate or stocks, and creating a secure legal basis for determining ownership. The tokenized assets are then placed on the blockchain, allowing them to be easily transferred and managed.
Another critical aspect of infrastructure is the development of decentralized financial protocols (DeFi) and platforms that facilitate trading, lending, and borrowing of tokenized assets. These platforms provide liquidity in the RWA sector, allowing investors to access a wide range of assets and financial services.
Projects in this category include EMC, Paxos, Chainlink, Polyhedra, Frax, Circle, Tether Gold, Entangle, and Angle.
Real Estate
Tokenization of real estate assets offers a number of benefits, including increased liquidity, fractional ownership, and easier access to investment opportunities in the real estate market. The process involves selecting a real estate asset, such as a residential or commercial building, and creating a digital token on blockchain that represents ownership or interest in that asset. Token holders can then trade the tokens on digital platforms, making real estate investments more accessible and flexible.
Real estate tokenization in the RWA sector is still in its early stages but shows great promise for transforming the way we invest in and own real estate. Using blockchain technology, the RWA sector is making real estate investments more accessible, efficient, and transparent for a wide range of investors.
Tokenization Networks
Tokenization Networks in the RWA sector are platforms that facilitate the conversion of real-world assets into digital tokens, allowing them to be traded and managed on blockchain networks. This innovation is designed to bridge the gap between traditional finance and the digital asset space, increasing liquidity, accessibility, and transparency in asset management.
MANTRA, Polymesh and Ondo are prominent players in the RWA sector, each offering unique solutions to address the challenges and opportunities in this rapidly evolving space:
MANTRA is a pioneering Tier 1 blockchain for securing Real World Assets (RWAs), designed for seamless integration and compliance with global regulatory frameworks. MANTRA Chain provides an interoperable infrastructure for creating and trading RWA tokens, enabling traditional financial services companies to take advantage of blockchain technology. The company also tokenizes real estate, securities and commodities, making these assets more accessible and liquid on the blockchain.
Polymesh is a specialized permissioned blockchain designed for regulated assets such as securities, tokens, and similar financial instruments. Polymesh is designed to provide enhanced security and compliance in blockchain transactions, addressing the inherent weaknesses of Ethereum and similar general-purpose blockchains. The project has made significant progress, notably with the introduction of Polymesh Private at the Digital Asset Summit 2024 in London. Polymesh Private is a pioneering addition to the ecosystem that provides increased privacy, control and adaptability for regulated asset management. It allows users to build compliance rules into the platform and is customizable, ensuring that the platform can keep pace with changing legal regulations.
Ondo is another key player in the RWA sector. It specializes in tokenizing real-world assets and offers innovative solutions for managing and trading them. Ondo offers a platform to create and trade tokenized assets such as real estate, commodities, and more. The platform also provides asset management tools, allowing users to easily track and manage their tokenized assets.
Using blockchain technology, these tokenization networks in the RWA sector are revolutionizing the way real assets are managed and traded. They provide increased liquidity, accessibility and transparency to the asset management process, as well as compliance with regulatory frameworks. As the RWA sector evolves, these platforms and their innovations will play a critical role in bridging the gap between traditional finance and the digital asset space.
Conclusion
Looking at the current trends and discussions in the cryptocurrency community, it seems that the Real-World Assets (RWA) sector in cryptocurrency is poised for significant growth and development. The RWA sector involves tokenizing tangible assets that exist in the physical world and incorporating them into a blockchain. This includes assets such as commodities, real estate and even investment funds, offering a bridge between traditional finance and the decentralized world of cryptocurrencies.
In addition, the integration of AI with RWAs is expected to play an important role in the future. AI can improve the efficiency and security of RWA platforms, making them more attractive to investors. By using AI to analyze data and manage risk, RWA platforms can provide better investment opportunities and a safer environment for investors.
In conclusion, the RWA sector in the cryptocurrency industry appears to be on a parabolic trajectory, fueled by growing market interest, diversification of tokenized assets, and potential synergies with AI. As the sector evolves, it could become a key component of the broader cryptocurrency ecosystem, offering new investment opportunities and bridging the gap between traditional finance and the decentralized world of cryptocurrencies.
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29/04/24 Weekly outlookLast weeks high: $67244.99
Last weeks low: $62406.59
Midpoint: $64825.79
As Bitcoin continues it's multi-week sideways chop , there really isn't a great deal to talk about in terms of price action other than it's extremely boring and potentially dangerous. I say dangerous because it's this kind of chop that separates the impatient and the patient. Trading price action like this especially using leverage is bound to end poorly as both long and short sides get caught up in a serious of stop hunts. The only trades that could be made are the extremes of the range that are set.
There is some hope however, the HONG KONG ETF's for BTC Ð go live from tomorrow (30th April) . This could bring in-flows that have been missing in recent weeks as BlackRock and co. have dramatically lowered their in-flows and Greyscale continues to dump. Perhaps this new demand can absorb some of the Greyscale outflows? Or maybe it will be a non-event? We will keep a close eye on this throughout the week. There are also rumours that Australia will join the ETF movement too in the future.
The general Altcoin market is currently in a very oversold condition , having said that the relief bounce does not look to be in sight anytime soon, no point trying to catch a falling knife, if anything focus on DCA'ing (Dollar cost averaging) into strong projects but with a long term outlook. Narratives such as RWA, AI, DePIN etc.
In the short term all eyes are on last weeks low and if it can be reclaimed, if not 58K area is on the cards.
Real World Assets (RWA) : The Future of Finance or Hype !?The cryptocurrency market has evolved significantly over the past decade, moving beyond its initial focus on digital currencies to encompass a broader range of assets, including real-world assets (RWAs). RWAs represent tangible assets such as real estate, commodities, and financial instruments that are tokenized and traded on the blockchain. The integration of RWAs into the crypto ecosystem offers a multitude of benefits, including:
Enhanced Access to Financial Markets: RWAs democratize access to traditional financial markets, enabling individuals and institutions to participate in asset classes that were previously inaccessible or illiquid.
Increased Transparency and Efficiency: Blockchain technology provides a transparent and immutable record of asset ownership and transactions, reducing counterparty risk and improving operational efficiency.
Fractional Ownership and Reduced Investment Barriers: Tokenization of RWAs allows for fractional ownership, lowering investment barriers and enabling broader participation in asset classes that were traditionally reserved for high-net-worth individuals.
Diversification and Risk Mitigation: RWAs introduce diversification opportunities into crypto portfolios, potentially reducing overall portfolio risk and enhancing risk-adjusted returns.
Top 5 RWA Coins with Promising Potential:
LINK: Chainlink (LINK) is a decentralized oracle network that connects blockchains to real-world data and services. It plays a crucial role in bridging the gap between the crypto and traditional worlds, enabling the development of RWA-based applications.
Technical Analysis: LINK's weekly chart exhibits a massive range consolidation pattern, suggesting a period of accumulation. A recent liquidity sweep below the range followed by a surge in price indicates a potential breakout. The current price action near the $12 support level could trigger another upward move.
PENDLE: Pendle (PENDLE) is a decentralized finance (DeFi) protocol that enables users to create customized fixed-rate or yield-bearing tokens for any asset. It facilitates the creation of RWA-based derivatives, expanding the range of investment options available in the crypto space.
Technical Analysis: PENDLE's daily chart showcases an ascending channel pattern with a recent breakout and retest of the upper trendline. This bullish pattern, combined with the coin's relatively new status in the market, suggests strong upside potential. A price target of $12 appears achievable.
MKR: Maker (MKR) is the governance token of the MakerDAO decentralized stablecoin platform. It plays a central role in maintaining the stability of the DAI stablecoin, which is often used as a collateral for RWA-backed loans.
Technical Analysis: MKR's daily chart displays a liquidity sweep below the 1800-1900 support range followed by a surge to $3400. The recent pullback and retest of the 0.5 daily imbalance level at $2500 presents an opportunity for a potential rally to $5000, aiming to fill the imbalance gap.
SNX: Synthetix (SNX) is a DeFi protocol that enables the creation of synthetic assets, including those pegged to RWAs. It offers a decentralized alternative to traditional asset trading, expanding access to a wider range of assets.
Technical Analysis: SNX's weekly chart exhibits a large triangle pattern, indicating a period of price consolidation and building tension. The recent breakout and retest of the trendline signal a bullish trend. A price target of $7 appears feasible if the trendline support holds.
ONDO: Ondo Finance (ONDO) is a DeFi protocol that focuses on structured products and options trading. It utilizes real-world market data to create innovative financial instruments, enabling users to hedge against risks and speculate on market movements.
Technical Analysis: ONDO's daily chart displays an ascending trend with consistent retests and positive momentum. The coin's ability to efficiently utilize liquidity is evident in its price action. Continued accumulation of liquidity could propel ONDO to new highs.
Conclusion:
Real-world assets (RWAs) are poised to revolutionize the cryptocurrency market, introducing new investment opportunities, enhancing financial inclusion, and bridging the gap between traditional and decentralized finance. The top 5 RWA coins discussed in this article – LINK, PENDLE, MKR, SNX, and ONDO – represent promising projects with the potential to shape the future of RWAs in the crypto ecosystem. As the adoption of RWAs continues to grow, these coins are well-positioned to capture significant value in the evolving financial landscape.
ONDO Finance and BlackRock: Pioneering Stability in DeFiUnpacking the Surge in ONDO's Value: Insights into the BlackRock and USDY Dynamics
🚀 Strategic Alliance with BlackRock
ONDO Finance's collaboration with BlackRock through the USD Institutional Digital Liquidity Fund to back its OUSG token is a landmark in the convergence of traditional finance and decentralized finance (DeFi). This partnership not only enhances ONDO's credibility but also its stability, by integrating real-world financial mechanisms into the blockchain.
Why is This Partnership Significant?
Real-World Assets (RWA) : The core of this collaboration involves tokenizing real-world assets (RWAs), which brings a tangible and stable asset base into the DeFi ecosystem. This integration is critical as it provides a stable collateral base for ONDO’s tokens, particularly the USDY - a yield-bearing stablecoin alternative.
Institutional Trust and Security : BlackRock's reputation and regulatory experience lend substantial trust and an added layer of security to ONDO’s offerings, making them attractive to more conservative institutional investors.
🌐 Impact on Market Value
The BlackRock partnership has been instrumental in driving up the price of ONDO tokens, with the market reacting positively to the increased security and potential for higher liquidity offered by backed stablecoin alternatives like USDY. Here’s how it adds value:
Enhanced Liquidity and Stability : By backing tokens with US treasuries and other traditional assets, the partnership mitigates typical cryptocurrency risks such as volatility and liquidity crunches.
Market Expansion : The use of RWAs opens up cryptocurrency investments to a segment of investors who prefer assets that have a real-world linkage, thus broadening the market base.
📊 Rationale Behind the Rising Prices
Incorporating BlackRock’s liquidity fund not only stabilizes ONDO's financial products but also enhances their appeal:
Trust in RWAs : Investors are more inclined to trust and invest in products that are backed by real-world assets, which promise steadier returns and lower volatility compared to traditional cryptocurrencies.
Regulatory Advantage : Collaboration with an established financial entity like BlackRock may ease regulatory pressures commonly faced in the DeFi space, making ONDO’s offerings more palatable to global investors.
Forward Outlook
This strategic move is set to redefine the boundaries between traditional finance and DeFi. The inclusion of USDY and its backing through RWAs provides a replicable model for future financial products in the cryptocurrency world that could attract further institutional involvement.
Stay tuned for more updates as ONDO leverages this innovative approach to enhance the stability, trustworthiness, and functionality of its ecosystem. This partnership with BlackRock not only bolsters ONDO's market position but also sets a precedent for the integration of real-world assets in blockchain technologies.
This pivotal development is not merely a boost for ONDO but signals a potential shift for broader financial markets towards integrating more seamlessly with the burgeoning DeFi sector.
ONDO 4H After a big flash crash during Friday seeing BTC once again test the 4H 200EMA support, the altcoin market took a much bigger hit that we've seen for some time.
In these times it's always good to see how projects react to these market conditions. A strong reaction at key areas after a big pullback can show that there are big players willing to add to or make new positions further increasing the validity of that support level and giving the project a platform to continue moving up. The best case we've seen of this is ONDO, as the chart shows a perfect pullback into the FIB levels which align with a bullish OB provide a great support area, a strong reaction has put price back to where it originally was before dropping with a textbook V-shaped recovery which is rarely found across the crypto market right now.
ONDO is a big player in the RWA sector, a lending protocol supporting tokenized securities as collateral. With open collaboration with massive entities such as BlackRock and Morgan Stanley and Larry Fink personally saying he believes in a Tokenised future. I think it's easy to see why the recovery has been so strong, perhaps even BlackRock themselves buying up the dip?
I think the future of ONDO is bright, now a TOP 100 coin and big time backers targeting range high will be dependent on BTC but with the halving coming soon I believe it will behave. Next Target is $1, the FIB EXTENSION levels often give good price targets but one step at a time.