As a researcher with a background in blockchain technology and crypto markets, I find the trend of Real World Assets (RWA) coins quite intriguing. The recent surge in prices has attracted significant attention, with notable development activity reported by platforms like Santiment. Based on their latest findings, the top 10 RWA coins in terms of development activity over the past 30 days include Chainlink (LINK), Synthetix Network (SNX), and Centrifuge (CFG). These three projects have shown impressive scores, with LINK leading the pack with more than double the average daily development activity.
TL;DR
- RWA coins are trending, with significant development activity noted by Santiment, highlighting the top 10 performers.
Despite notable recent price gains, some high-performing ones did not make the list.
These are the Leaders
Real-world assets (RWAs) have gained popularity recently, with the surge in prices of certain tokens. These assets encompass physical items or real estate that operate on the blockchain via smart contracts.
The crypto market intelligence platform – Santiment – outlined the top 10 such coins in terms of development activity in the past 30 days. Somewhat expectedly, the first spot with an index of 512 belongs to Chainlink (LINK), the biggest in the realm, with a market capitalization of almost $8 billion. Synthetix Network (SNX) is second, trailing behind with a score of 255.
As a crypto investor, I’ve noticed that Chainlink has been particularly active in terms of development. According to Santiment’s analysis, the daily development activity on Chainlink is over twice the average of other projects, with a recorded 512 transactions per day.
In simpler terms, a centrifuge (CFG) selects the top three clubs, while the following assets in line consist of Oraichain Token (ORAI), Dusk (DUSK), Maker (MKR), IX Swap (IXS), Creditcoin (CTC), Polymesh (POLYX), and Reserve Rights (RSR).
The ranking remains quite consistent with the previous month. LINK, SNC, and CFG still occupy the top three spots in the same arrangement.
The Missing One
In the meantime, Mantra (OM), which has been one of the top-performing RWA cryptocurrencies lately, was left off the list. The token’s price bucked the recent market downturn, surging by nearly 50% over the past two weeks. Its yearly gains are even more noteworthy, soaring above 3,800%.
According to a recent report by CryptoPotato, some analysts anticipate that the price surge of this cryptocurrency could persist in the coming days if specific key factors hold true.
A user of X predicted that the price would reach a new peak of $1.20 if OM surpassed the significant resistance level of $1.05. Furthermore, the price range between $0.55 and $0.60 was identified as a “support area.”
As a researcher, I’d like to remind you that on July 11, the value of OM surpassed the resistance level. Although it didn’t quite hit the projected $1.20, it did set a new high at $1.12. It will be intriguing to observe if this asset will maintain its momentum in the coming days and potentially reach a new all-time high (ATH).
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2024-07-14 12:30