The Best RAW Cryptocurrencies of July to Put on Your Watchlist
The largest coin in the Real-World Assets (RWA) space is called Ondo, and it now trades for about $1 with a $1.4 billion market capitalization. It made its debut in January and peaked in June at about $1.50.
• The larger bitcoin market downturn caused the niche to drop from roughly $9 billion to about $6 billion recently.
Ondo (ONDO)
The past few months have seen a rise in the popularity of Real-world Assets (RWA). Through the use of smart contracts, they can operate on the blockchain and reflect real-world items or attributes. The niche’s market value was getting close to $9 billion earlier this year. However, in the wake of the most recent correction of the whole cryptocurrency market, it recently dropped to about $6 billion.
According to CoinGecko’s data, Ondo (ONDO) is the largest RWA cryptocurrency, with a market capitalization of $1.4 billion and a price of about $1. It is the governance token of the tokenization-focused cryptocurrency startup Ondo Finance, located in New York and that records assets on blockchains, including US Treasury bonds.
Launched in January of this year, ONDO reached its peak of about $1.50 at the beginning of June. It would be intriguing to observe if it can hit a new high in the coming weeks or if the market fall will keep its worth from rising.
Mantra (OM)
This cryptocurrency, which has a market valuation of more over $700 million, is the second largest RWA. It launched in August 2020 and peaked at $1.09 this past month.
One of the few cryptocurrencies from the top 100 list to experience increases in the last week is OM, which has increased by an astounding 3,000% year.
Chromia (CHR)
The Chromia team created the blockchain platform and coin Chromia (CHR) with the goal of offering scalable and decentralised infrastructure for creating games and decentralised apps (dApps).
Its price broke through the $0.26 range and jumped by 8% per day, defying the bearish market tendencies. The announcement that Chromia had joined the AWS Partner Network matched its rally.
“This will link Chromia’s infrastructure to the public and enterprise solutions offered on the AWS Marketplace, which is accessed by millions of users. A fantastic accomplishment for us,” the group said on X.
Furthermore, the developers disclosed that On July 16, the MVP Mainnet for the platform will formally launch.