Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Cryptocurrencies

RWA narrative could comeback after nearly 50% correction in CFG, ONDO, TRADE, CPOOL, IXS, RIO

Source Fxstreet

The Real World Asset sector has garnered attention and mentions from crypto analysts, the narrative is making a comeback.
Tokens CFG, ONDO, TRADE, CPOOL, IXS and RIO have seen up to 50% corrections recently.
Several top RWA projects are in the Solana ecosystem.

Bitcoin halving and developments in the AI sector are the key narratives this cycle. The Real World Asset (RWA) tokenization narrative gathered steam with BlackRock’s tokenized asset fund launch on Ethereum in March 2024.

Analysts have identified RWA tokens that have experienced up to 50% correction.

RWA tokens likely in the “buy the dip” zone for traders

The RWA narrative is a relatively new one in the crypto ecosystem. RWAs refer to tangible assets, this could range from bonds to real estate properties, outside of the virtual world. The concept of RWAs on the blockchain has gained popularity.

Centrifuge (CFG), Ondo (ONDO), Polytrade (TRADE), Clearpool (CPOOL), IX Swap (IXS), and Realio (RIO), are the projects listed by the analyst @InspectorDeFi. Market participants need to do their own research before making investment decisions in any of these assets.

RWA

RWA price performance in the past 30 days

Since these assets have faced between 14% and 52% correction in the past thirty days, they are likely in the “buy the dip” zone for traders. If the RWA narrative makes a comeback, these cryptocurrencies could see recovery rallies.

Several popular RWA projects are in the Solana ecosystem. The following chart shows different RWA assets divided by categories.

Crypto intelligence tracker CoinGecko recently released an RWA report and noted that currently, the majority of RWAs are USD-pegged stablecoins. The top three USD stablecoins alone make up 95% of the market, Tether (USDT) stads at $96.1 billion, USDC (USDC) at $26.8 billion, and Dai (DAI) at $4.9 billion.

Commodity-backed RWAs hit $1.1 billion in market capitalization and Gold remained a top commodity. Tokenized US treasuries observed a spike in popularity during the crypto bear market. The market capitalization of these assets increased 782% in 2023. The pace of growth in market cap has since stalled in 2024, with growth at 1.5% in January.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Fed hike odds near 90% into Wednesday's decision — how to trade the dollar, gold and the S&P 500 A 0.3% monthly core CPI print has lifted the market-implied probability of a 25bp Fed hike on 16 September to roughly 86.5% ~ 90%, which would be the first increase since July 2023. Here is the decision timeline, the pricing versus the forecasts, both scenarios, and the key levels for the dollar, gold and the S&P 500.

Author Suzie

Sep 14, Mon

A 0.3% monthly core CPI print has lifted the market-implied probability of a 25bp Fed hike on 16 September to roughly 86.5% ~ 90%, which would be the first increase since July 2023. Here is the decision timeline, the pricing versus the forecasts, both scenarios, and the key levels for the dollar, gold and the S&P 500.

Bitcoin falls below $75,000 as the CLARITY Act fails in the Senate — what the vote means for crypto The US Senate blocked the Digital Asset Market CLARITY Act in a 49-50 procedural vote, sending Bitcoin briefly below $75,000 — its biggest one-day drop since June. Ethereum fell more than 8%, Coinbase slid 10% and $75 billion of crypto market value evaporated. Here is what the vote was, why it failed, and the levels that matter now.

Author Suzie

Sep 16, Wed

The US Senate blocked the Digital Asset Market CLARITY Act in a 49-50 procedural vote, sending Bitcoin briefly below $75,000 — its biggest one-day drop since June. Ethereum fell more than 8%, Coinbase slid 10% and $75 billion of crypto market value evaporated. Here is what the vote was, why it failed, and the levels that matter now.

Dollar index tops 100 for the first time since July as the Fed's hawkish dot plot sinks in The U.S. dollar index broke back above 100 for the first time since 31 July after the Fed delivered its first rate hike since 2023, with the dot plot showing 16 of 18 officials expect at least one more increase this year. Here are the levels that matter for DXY, the currencies feeling it most, and what to watch next.

Author Irene Q.

Sep 17, Thu

The U.S. dollar index broke back above 100 for the first time since 31 July after the Fed delivered its first rate hike since 2023, with the dot plot showing 16 of 18 officials expect at least one more increase this year. Here are the levels that matter for DXY, the currencies feeling it most, and what to watch next.

Gold rebounds to near $4,350 on weaker US Dollar, falling oil prices Gold price (XAU/USD) rises to near $4,345 during the early Asian session on Friday. The precious metal rebounds from a six-week low amid falling oil prices and a weaker US Dollar (USD). Traders continue to assess the latest Federal Reserve (Fed) rate hike and policy cues.

Author FXStreet

Sep 18, Fri

Gold price (XAU/USD) rises to near $4,345 during the early Asian session on Friday. The precious metal rebounds from a six-week low amid falling oil prices and a weaker US Dollar (USD). Traders continue to assess the latest Federal Reserve (Fed) rate hike and policy cues.

US to delay new "overcapacity" tariffs on China — what the pause means for trade, inflation and the dollar Washington is expected to hold off announcing new tariffs over Chinese "overcapacity" until after the 24 September summit, according to Bloomberg. The postponed plan would have added 7.5% to Chinese goods, taking second-term US tariffs to around 20%. Here is what is on the table, and what a deal versus no deal would mean for the yuan, Hong Kong equities and the dollar.

Author Mitrade

Sep 18, Fri

Washington is expected to hold off announcing new tariffs over Chinese "overcapacity" until after the 24 September summit, according to Bloomberg. The postponed plan would have added 7.5% to Chinese goods, taking second-term US tariffs to around 20%. Here is what is on the table, and what a deal versus no deal would mean for the yuan, Hong Kong equities and the dollar.

Popular Symbols