Centrifuge

<div class="coinjournal">
 <ul>
 <li>Crypto analyst Alex Wacy predicts parabolic rally for Centrifuge (CFG) amid explosion in tokenization industry.</li>
 <li>CFG price is near $0.7 today and could rally to a new all-time high amid an altseason.</li>
 </ul>
 <a rel="noopener noreferrer nofollow" title="Crypto" href="https://thebittimes.com/tag/crypto.html">Crypto</a> <a rel="noopener noreferrer nofollow" title="analyst" href="https://thebittimes.com/tag/analyst.html">analyst</a> and researcher Alex Wacy says Centrifuge (CFG) could go <a rel="noopener noreferrer nofollow" title="parabolic" href="https://thebittimes.com/tag/parabolic.html">parabolic</a> and reach a new all-time high amid the altseason. The <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> of CFG is up 13% in the past week and 40% in the past month.
 In the past two months, the altcoin’s value has bounced off resistance around the $0.70 area. Wacy sees the first main target for the bulls at $1.2, with vertical gains likely to push CFG past its all-time high above $2 reached in 2021.
 <h2 id="span-style-font-weight-400-centrifuge-and-the-defi-real-world-assets-narrative-span">Centrifuge and the DeFi/Real-World Assets narrative</h2>
 Centrifuge (CFG) is one of the top projects in the real-world assets (RWAs) space. It launched in 2017 and milestones achieved include the minting of MakerDAO’s first RWA and onchain securitization. In 2022, Centrifuge partnered with BlockTower to bolster onchain financing of real-world assets.
 The onchain finance protocol’s team projects a run to $1 billion in Total Value Locked in 2024, with growth helping add $4 million in network fees to the Centrifuge Treasury. The revenue will come from protocol fees and Centrifuge Prime, an infrastructure service that allows decentralized autonomous organizations (DAOs) to invest in real-world assets.
 “Protocol fees are going live on Centrifuge in order to ensure self-sustainability of the protocol,” the Centrifuge team noted in a recently published blog post.
 Centrifuge has also recently partnered with <a rel="noopener noreferrer nofollow" title="Crypto" href="https://thebittimes.com/tag/crypto.html">Crypto</a> platform Finoa to expand RWA investments for institutions. These and many other key developments have CFG <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> <a rel="noopener noreferrer nofollow" title="ready" href="https://thebittimes.com/tag/ready.html">ready</a> to explode.
 “The chart looks exceptionally clean, and the potential targets could be substantial as industry leaders in the RWA sector are likely to attract significant attention,” Wacy predicted.&nbsp;
 <figure id="attachment_189693" aria-describedby="caption-attachment-189693" class="wp-caption alignnone"><img decoding="async" class="wp-image-189693 size-full" src="https://cdn.thebittimes.com/images/2024/03/02/26fd8194609eeebfc61c68db0c357e35.webp" alt="" width="1078" height="929">
 <figcaption id="caption-attachment-189693" class="wp-caption-text">
 Centrifuge price chart and prediction shared by crypto analyst Alex Wacy. Source: X
 </figcaption>
 </figure>
 Wacy sees $0.8 – $0.48 as a potential buy zone, while his bull market targets for CFG <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> above the ATH are at $5 and $7.
</div>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/centrifuge-cfg-price-ready-for-parabolic-rally-top-analyst-says-tbt81366.html">https://thebittimes.com/centrifuge-cfg-price-ready-for-parabolic-rally-top-analyst-says-tbt81366.html</a>

Centrifuge (CFG) price ready for parabolic rally, top analyst says

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